Tag: Compensation & Benefits
IndiGo to reinstate pilot salaries to pre-Covid levels from November
India’s largest passenger airline, IndiGo is planning to restore the salaries of pilots by 6 percent from September 2022. The airline is planning to...
IndiGo hikes salaries by 8% for the second time in 2022
India’s largest passenger airline, IndiGo has hiked the salaries by 8% for the second time in 2022. This will be effective from August 1.
However,...
Company accidentally paid employee Rs. 1.4 cr instead of his actual...
The company mistakenly paid 286 times an employee his salary last month. The company paid the employee 165,398,851 Chilean pesos (Rs 1.42 crore), instead of...
Rolls-Royce workers reject £2,000 cash bonus
A union representing thousands of Rolls-Royce workers in the UK has rejected the engineering group’s latest pay offer, £2,000 cash ‘bonus’ offered to help...
Spotify to slow its hiring by 25% due to Economic Uncertainty
Popular global audio streaming service, Spotify Technology Chief Executive Officer Daniel Ek has informed the staff that the company will reduce its hiring by...
Infosys CEO Salil Parekh’s Salary Jumps 43% To Rs. 71 Crore
India’s second-largest IT services firm, Infosys chief executive Salil Parekh’s total compensation has increased 43% to Rs 71 crore in the fiscal year 2021-22.
The revised...
Microsoft slows hiring due to economic uncertainty
Software giant, Microsoft said it would be slowing down some of its hirings to become more cautious about adding staff.
The company would be reducing...
Microsoft to double the budget for its employee salaries to retain...
Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company is increasing compensation for its employees as the labor market...
IndiGo pilots upset with 8% pay hike after 28% cut
Pilots of India’s largest passenger airline, IndiGo are disappointed over the recent 8 per cent salary hike announced by the airline. They were expecting...
The Right Process to Identify Pay Inequality and Fix It
Pay inequality is real and statistically established. It has always been there, in all societies and nations, industries all and sundry, regulated or unregulated....