Bonus Payouts

65% from 85%: Bonus slashed for Meta Platforms staff, says report

Meta gave thousands of employees subpar ratings in its most recent round of performance reviews, WSJ reported

Disclosure gains

Sebi's proposals on listing norms would aid transparency

Cabinet approves payment of productivity linked bonus to railway employees

In what can be termed as a Diwali bonanza for lakhs of railway employees, the Union Cabinet approved payment of productivity linked bonus equivalent to 78 days to them for financial year 2021-22

Twitter tells employees bonuses could halve, based on performance: Report

Challenges for Twitter include advertisers' uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase

Investment bankers ride on record IPOs in FY22 to mint bumper pay

Bonuses in FY22 ranged from 100 to 200% of annual pay

Google to give all employees additional bonus of $1,600 this year

The latest benefit is in addition to Google's work-from-home allowance and well-being bonus

Union Steel Minister announces bonus, wage revision for MOIL employees

Union Minister of Steel Ram Chandra Prasad Singh on Sunday announced a bonus of Rs 28,000 as well as wage revision for the employees of the state-owned Manganese Ore India Limited (MOIL). Singh was addressing a gathering at the inauguration 2nd Vertical Shaft, Chikla Mine and various other facilities of the company based at Nagpur in Maharashtra. He announced a production-linked bonus of Rs 28,000 for all the MOIL employees, which will be paid before the upcoming Diwali festival. The wage revision is for 10 years, with effect from August 1, 2018 to July 31, 2027, and will benefit around 5,800 employees of the company, it said in a release. It is based on an MoU arrived between the company's management and the MOIL Kamgar Sanghatan, a recognised union of its employees. The proposal includes fitment benefit of 20 per cent and perks /allowances at the rate of 20 per cent, the release said. An interim relief at 12 per cent of the basic and dearness allowance (DA) was given by the co

Government sanctions ad hoc bonus to employees for fiscal 2021

Employees who were in service as on March 31, 2021, and have rendered at least six months of continuous service during 2020-21 fiscal year would be eligible for this ad hoc bonus.

Cabinet approves bonus equal to 78 days' wage for 1.1 mn railway employees

An expenditure of nearly Rs 1,985 crore will be incurred on this.

Return of the fat cats? Europe's bank bonuses rise as profits rebound

Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.

Microsoft announces gift: All employees to get $1,500 as pandemic bonus

Microsoft is giving all its employees over $1,500 pandemic bonus, in recognition of a challenging fiscal year that the tech giant just completed

ICICI Pru announces Rs 867 cr annual bonus for participating policyholders

Around 980,000 customers are likely to benefit from this bonus

Tide Water Oil zooms 20% on stock split, bonus issue plan

Earlier in March 2016, the company had issued bonus shares in the ratio of 1:1 i.e. one bonus share for every share held in the company

AMC staffers set for bonus boost as industry manages to grow asset base

Bonuses for FY21 may be 20-30% of annual pay; yearly increment can be in high single digits

PwC India announces special bonus for all employees

Audit firm PwC India on Thursday announced a special one-time bonus for all its 1,500 employees

Cognizant announces bonus higher than 2019, promotes 24,000 employees

The company is also offering about 1,60,000 employees with merit increases globally, and has promoted more than 24,000 employees across every level

HCL Tech's one-time Rs 700 cr bonus for staff on crossing $10 bn revenue

Applies to employees who have spent a year with HCL; a large number of visas unused due to Covid

JPMorgan may freeze some staff salaries, pay traders higher bonus: Report

As part of the incentive pay for traders, bonuses increase when market revenue rises

Amazon offers 'special recognition bonus' to employees in India

The announcement comes amid a global campaign #MakeAmazonPay, which alleges that the e-commerce giant made big profits, but at a huge cost to workers and the planet.

Tata Steel inks deal with Workers' Union to pay annual bonus to employees

The Tata Steel management and Tata Workers' Union on Monday signed a memorandum of settlement for the payment of annual bonus to the employees for the accounting year 2019-20