Tag: Compensation
IT companies including TCS, Infosys, and Wipro offering salary hike
A lot of IT companies in India have struggled with significant attrition rates over the previous several quarters. To address this issue companies have...
Wipro holds back Q1 variable pay for mid, senior-level employees
India’s IT major, Wipro is holding back the variable payouts of Q1, June 30 ending quarter for mid to senior-level employees.
According to the people that...
IiAS opposes reappointment of Paytm CEO Vijay Shekhar Sharma
Advisory firm Institutional Investor Advisory Services India Limited (IiAS) has opposed the proposal to reappoint Vijay Shekhar Sharma as the Chief Executive Officer (CEO) of Paytm...
Shell earns bumper profits, gives 8% bonus to staff
The oil company, Shell is handing nearly all of its 82,000 staff a bonus equivalent to 8% of their salary after it reported record...
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...
Refyne launches salary-on-demand on WhatsApp
Refyne has announced its salary on-demand service that is available on WhatsApp. It will help employees access their paychecks in real-time.
It will provide customers with...
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...
Ford India workers waiting for a good severance package
The Ford India plant will shut down soon. About 2,000 workers of Ford India Pvt Ltd's plant are hoping for some good news from the management...
Ford India closure: Compensation talks on with workers
A couple of rounds of talks on the compensation to be paid to the workers have been held between the representatives of Ford India Private Ltd's...
How Infosys plans to reduce its rising attrition rates
Last week, India's second-largest IT services provider company, Infosys has announced its Q3 financial results for the quarter ending on December 31, 2021.
The company...