wages: HR News, Trends & Workplace Insights

Latest wages HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on wages.

Updated on: Mar 2023

Compensation

Meta may lower bonus payments of some employees

Mar 29, 2023

Flipkart will not give salary hikes to its senior employees this year

In mid of the layoff wave, Walmart-owned e-commerce giant, Flipkart will not give salary hikes to it...

Compensation

Feb 24, 2023

Flipkart will not give salary hikes to its senior employees this year

Amazon is likely to cut salaries of some employees by

According to Business Insider reports, an American multinational technology company, Amazon corporat...

Compensation

Feb 23, 2023

Amazon is likely to cut salaries of some employees by

Citigroup CEO Jane Fraser Gets Salary Hike

An American multinational investment bank and financial services corporation, Citigroup Chief Execut...

Compensation

Feb 23, 2023

Citigroup CEO Jane Fraser Gets Salary Hike

Compensation

Deutsche Bank to cut bonuses of employees misusing WhatsApp

According to Bloomberg reports, A German multinational investment bank and financial services company, Deutsche Bank, announced that the bank will cut bonuses for staff misusing WhatsApp messaging services for business communications. Currently, Deutsche Bank said in a statement, “We have a consequence management framework in place.” “Depending on the quantity and quality of violations this will also […]

Feb 16, 2023

Compensation

Top executives to receive an average salary hike of 9.1% in 2023

AON India recently conducted the most recent edition of its twelfth yearly Executive Rewards Survey that has found that Top executives to receive an average salary hike of 9.1% in 2023. The survey had the following finding:- “Senior executives’ salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for […]

Feb 3, 2023

Industry

India Ahead shuts down, employees not paid for months

India Ahead – The National English News channel has shut down its operations. Due to this reason, the employees have not been paid for months. Ridhima Kedia, a journalist, tweeted, “Very true. We had the company’s back till the end, like the very end, and at least we would ask for is honesty. The HR also […]

Jan 30, 2023

Compensation

Google CEO Sundar Pichai & Senior Executives to Take Pay Cut

An American multinational technology company, Google CEO Sundar Pichai & Senior Executives to Take Pay Cut as part of the company’s cost-cutting measures. Google CEO Sundar Pichai clarified that the supposed cut would be a very significant reduction in their annual bonus. This has come as a clarification when CEO Sundar Pichai was questioned during […]

Jan 30, 2023

Survey & Report

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

According to the survey by Korn Ferry, the companies in India are projected to dole out an average salary hike of 15 to 30 per cent more, in Asia’s biggest pay increase this year, as they look for key talent and niche skills, says a report. According to the survey, found that 61% of organizations […]

Jan 19, 2023

Compensation

HRA rules revised: Cases where the employees are not eligible

The Department of Expenditure, under the finance ministry, has updated the rules for claiming house rent allowance (HRA). There are three cases where government employees are not entitled to HRA. The HRA will be provided to Central Government Employees and is calculated based on the pay drawn in the 7th Pay Commission (7th CPC) recommendations, […]

Jan 10, 2023

Compensation

Evergreen Marine announces bonuses worth 50 months’ salary

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 job grade and function and is only applicable to staff. The company has added this is the year-end bonuses are always based on the company’s performance for the year. Evergreen […]

Jan 9, 2023

Compensation

Tamil Nadu govt announces 4% hike in Dearness Allowance

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. CM Stalin said that it would benefit about 16 lakh staff. The decision was taken after considering the representation of government employees. The DA would now be increased from 34 percent to […]

Jan 2, 2023

Compensation

Does TCS announce a massive salary hike of up to 20% for employees?

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 70% of its employees as Christmas and New Year gifts. The salary hike is based on the performance of the remaining staff. Additionally, TCS will provide 4 lakh employees the bonus […]

Dec 30, 2022