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Indian employees likely to get 15-30% salary hike in 2023, Report

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According to the survey by Korn Ferry, the companies in India are projected to dole out an average salary hike of 15 to 30...

HRA rules revised: Cases where the employees are not eligible

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The Department of Expenditure, under the finance ministry, has updated the rules for claiming house rent allowance (HRA). There are three cases where government...

Evergreen Marine announces bonuses worth 50 months’ salary

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A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth 50 months’ salary. The amount for bonuses for employees varies depending on an employee’s...

Tamil Nadu govt announces 4% hike in Dearness Allowance

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Tamil Nadu Chief Minister MK Stalin has announced the hike in the Dearness Allowance (DA) by 4 percent for government employees including teachers, pensioners and family pensioners....

Does TCS announce a massive salary hike of up to 20%...

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According to various media reports, India's largest IT Services Provider, Tata Consultancy Services (TCS) has given a salary hike of 20% and variable pay for...

Cognizant India spent over Rs 1000 crore on salary hikes

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According to Timesnownews, IT major, Cognizant India has spent $130 million (over Rs 1000 crore) in the year for merit-based and off-cycle increments. Cognizant conveyed...

Krispy Kreme to pay over $1.1 million in back wages

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Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple...

SpiceJet announces steep salary hike for pilots ahead of Diwali

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SpiceJet has announced a revised salary structure for its captains ahead of Diwali, in which the carrier increased their monthly remuneration by around 55...

Cognizant rolls out 7-10% salary hikes for employees

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An American multinational information technology services and consulting company, Cognizant has announced that the company is rolling out annual salary hikes for employees ranging between...

Salaries expected to restore to pre-pandemic level

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According to TeamLease HRTech CEO Sumit Sabharwal, It is expected that certain sectors will restore salaries to the pre-pandemic mark. The salary is expected to...
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