Tag: Salary Hike

Tasmac raises salary for its finance staff in Tamil Nadu

Tasmac has met the long-awaited request of assistant engineers (accounts) in the corporation by raising their annual increment from 1,250 to 2,500. This boost...

ExxonMobil hikes pay for CEO, CFO, senior VPs

Exxon Mobil Corp XOM.N has decided to raise the base salaries — that make up 10 per cent of overall compensation — of its...

Top performers of Infosys get 20-25% increment

A significant number of employees at Infosys received an increment of 10 to 13 per cent, while the top performers received an increment of...

SpiceJet deposits TDS of employees

SpiceJet has reportedly deposited the tax deducted at source (TDS) of all its employees for the financial year 2021-22. The employees have been told...

Wipro to give salary hike to 80% of its employees

On June 18, Wipro announced a salary hike for its employees which will impact at least 80 per cent of its workforce. The decision...

Centre approves 16% hike for LIC staff

More than one lakh employees of Life Insurance Corporation of India (LIC) will receive 16 per cent hike in wages, as approved by the...

Second salary hike for TCS employees

Less than six months after announcing increments in October 2020, Tata Consultancy Services has yet again announced hikes for its employees. The increments will...

Salary hikes for staff in auto sector, business improving

In terms of SUV sales, the Hyundai Motor Group ranked number one in 2020, followed by Kia. Little surprise then that the former gave...

Three ways of calculating gender pay gap

Every day, we see women leaving for their offices, travelling by public transport and returning to their houses after a strenuous shift in the...

TCS announces salary hike, share buyback

Tata Consultancy Services (TCS) is offering an increment to its employees with effect from October 1, in appreciation of their “resilience” during the pandemic....

Axis Bank to give 4 to 12% salary hike

Amidst the ongoing pandemic, when most companies are laying off staff or imposing pay cuts, Axis Bank has gone ahead and announced salary hikes....

Tripura govt hikes employees’ salaries by 3%

Unlike many states, such as Andhra Pradesh, Kerala, Telangana and Odisha, that have imposed salary cuts on their government employees to help tide over...

ICICI rolls out 8% salary hike for its 80,000 frontline employees

Close on the heels of several social-media tweets claiming that ICICI Bank had forcefully terminated some of its employees, the private-sector bank has gone...

Junior doctors, interns get pay hike in West Bengal

With an aim to motivate the junior doctors, interns and house staff at West Bengal’s state-run hospitals, the state government announced an increment in...

Employees of Muthoot Finance call off strike, resume duty

The staff of Muthoot Finance, a Kerala-based finance firm, called off a 52-day long agitation after discussions with the management in the presence of...

45% salary hike for MD and chairman of ITC

ITC is all set to hike the salary of Sanjiv Puri, chairman and managing director, by at least 45 per cent, with effect from...

Average salary increase in Indian IT services companies expected to fall

In the last few years, the average salary hike in IT services companies, that majorly depend on outsourced work, has been four to six...

Wipro IT employees receive salary hike but factory workers still waiting

After Rishad Premji taking over the reins of Wipro from his father, Azim Premji, the Company has announced a high single-digit average salary hike...

Salary hikes for IndiGo staff after 3 years

IndiGo hiked the salaries of its pilots and cabin crew after almost three years, amidst growing dissatisfaction among its staff over working conditions and...

Cognizant’s CFO earned $5.5 million last year, amidst cost cutting

A cost-cutting drive at US-based IT company, Cognizant, did not stop its senior executives from getting double-digit hikes in salary last year. Former CEO of...

Aon predicts an average pay increase of 9.4%

The average salary increment for top performers will be 15.4 per cent.

More benefits, rewards & recognition for employees in 2018

With only a 10 per cent increase in salaries in sight for the next year, the way to keep employees contented will be through rewards and recognition.

Salary hike for telecom employees expected next year

Consolidation/merger of businesses by telecom service providers will lead to talent instability across industries.

Salary hikes and promotions deferred at Cognizant

The scenario is another indicator that the IT industry going through a tough phase.

Double digit increment expected for pharma, retail, ITES, A&M, consumer goods...

The average salary increase across sectors is expected to be 9.7 per cent in this fiscal, 6 points less than the actual figure of last fiscal.

Employees across generations seek higher take-home pay

While take-home salary has emerged as the common preferred salary component, there are distinct differences in other perks desired.

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

Employees posted to difficult regions are entitled to additional HRA: Manipur HC

The Manipur High Court recently stated that a central government employee is eligible for extra HRA if they keep their family at their previous...

EPFO may amend pension scheme

The Ministry of Labour and the Employees’ Provident Fund Organisation (EPFO) are planning to re-examine the Employee Pension Scheme (EPS) so that it becomes...

How laid-off tech talent can be leveraged by non-tech sectors

In recent months, the tech industry has seen a significant number of layoffs as companies adjust to the economic impact of the pandemic. While...

3% of global workforce laid off from Workday

Workday Inc., a provider of business software solutions, has announced that it will be cutting 3% of its worldwide workforce due to the current...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...