Page 2 - Salary Hike

Indian workforce to get average salary hike of 10.4% in 2023: Report

Despite global macroeconomic conditions and rising inflation, salaries in India are likely to increase by 10.4 per cent on average in 2023, compared to an actual increase of 10.6 per cent in 2022

SpiceJet says will hike salaries of senior pilots by 20% from October

The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs

TCS changes its hike structure, does away with anniversary hikes

The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close

Attrition to remain high as millennials demand better pay, promotion: PwC

Most employees in India may not return to offices yet and are more inclined towards the remote and hybrid work model, shows PwC survey

Indian employees likely to see bigger salary hike in 2023, says report

Some of the sectors which have been included in the survey are- financial services, banking, and technology, media and gaming

Firms in India expected to give 10% hike in 2023; highest in APAC: Report

Companies in India are expected to give a salary hike of 10 per cent in 2023 as they struggle with rising attrition in the tight labour market, according to a report

Salaries of top managers rise as occupancy in hospitality sector improves

The remuneration of directors of hotel companies, like IHCL and EIH Ltd, has seen a rise between 8 and 250 per cent in FY22 year-on-year (YoY)

Number wise: Hike in MLA salaries outstripped growth in common man's income

Delhi lawmakers just gave themselves a salary hike, joining counterparts in widening the gap with their voters' income

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

IndiGo hikes pilot salaries by a further 8%, restores overtime allowance

The airline has made changes to its HR policies to reinstate the work pattern of crew under which they will earn more, but there will be fewer leaves

Delhi Assembly passes Bill to increase salaries, allowances of its members

The AAP government has increased the salary of its MLAs from Rs 12,000 to Rs 30,000 per month

Hiring CEOs becoming difficult after huge pay hike in FY22, says new report

Infosys CEO Salil Parekh saw his total pay jump by 43% to Rs 71.02 crore, the company's annual report showed

Delhi Assembly's monsoon session to begin soon; Money bill to be tabled

The two-day Monsoon session of the Delhi Assembly will be held on July 4 and 5, in which the AAP govt is likely to table a Bill for hike in the salaries of MLAs

Apple to boost salaries for US workers by more than 10% as inflation bites

Apple is now accelerating its annual performance-based pay increases for retail and corporate team members by three months

Infosys hikes CEO Salil Parekh's salary by 88% to Rs 79.75 crore

For FY22 Infosys CEO Salil Parekh received a total remuneration of Rs 71.02 crore, up 43 per cent. This compensation included Rs 52.33 crore from restricted stock unit options.

Will 20% hikes and higher fresher pay be the new norm in IT sector?

Amid the race to hire and retain talents, several IT companies are outdoing each other in doling out attractive packages and bonuses. Will such hikes become the new norms? Find out in this report

Senior executives in India may get 8.9% salary hike in 2022: Report

Salaries of senior executives in India have increased 8.9 per cent in 2022 from 7.9 per cent in 2021, a report said

Salary hikes at companies inching closer to pre-Covid levels: Report

E-commerce and tech start-ups, healthcare, and allied industries plan salary hikes of more than 10 per cent.

Annual pay hikes near pre-Covid levels; to be around 8% this year: Report

Increments are yet to reach double digit hikes, it is heartening to see that the phase of salary de-growth and stagnation that have been hovering across the job market in last 2 years nearing its ends