Tag: Compensation
Krispy Kreme to pay over $1.1 million in back wages
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...
Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay
An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for...
Infosys to roll out 65% variable pay for Q2
India’s second-largest IT major, Infosys announced that its employees will be receiving 65 percent variable pay for the July - September quarter of FY23.
According to...
Former HCL CEO says moonlighting in IT industry due to Less...
Moonlighting is a kind of practice when someone is taking up a second job during or outside the normal business hours of primary employment. However, in...
Wipro rolls out 100% variable pay for Q2 along with Nov’s...
India’s IT services provider company, Wipro rolls out 100 percent variable pay along with November’s payroll.
A Wipro spokesperson said in a statement, “We will continue...
Infosys rolls out 60% variable pay for BPM employees
The business process management subsidiary of Infosys Ltd., Infosys BPM (business process management) has announced that the average variable payout for its employees is...
Infosys confirms 10-13% salary hike, embarks on wage cost battle
According to a mint report, an Indian multinational information technology company, Infosys Ltd has confirmed the salary hike for employees.
The increments depend on an...
Cognizant rolls out 7-10% salary hikes for employees
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
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...
Biz2Credit offers BMW bikes, iPad Air, 40X bonus to employees
Hard work pays off, and Biz2Credit, a provider of an online marketplace for small business funding, turned this phrase into a grand reality!
At...