Page 4 - Salary Hike
Nearly 90% companies planning salary hikes in 2021: Aon India Survey
Quantum of hikes also set to improve, as 61% are planning increments of 5-10% as compared to only 4.5% in 2020
 "Nearly 90% companies planning salary hikes in 2021: Aon India Survey")
Top headlines: US election heads down to the wire, SBI Q2 profit up 52%
Republic TV editor Arnab Goswami was arrested by police in Mumbai for alleged abetment of suicide in a case registered in 2018.
 "Top headlines: US election heads down to the wire, SBI Q2 profit up 52%")
Making short-term margin trade-offs to accelerate growth: Cognizant CEO
Strong performing employees will be rewarded for what they have done, he says
 "Making short-term margin trade-offs to accelerate growth: Cognizant CEO")
ISB's PGPMAX down a notch at 53rd spot globally in FT 2020 EMBA rankings
It was top ranked executive MBA programme from India, second best was IIM Bangalore's post-graduate in enterprise management, at 95th position
 "ISB's PGPMAX down a notch at 53rd spot globally in FT 2020 EMBA rankings")
Reliance Industries restores salary, offers bonus in hydrocarbon arm
The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its employees, as a goodwill gesture for working during the pandemic
 "Reliance Industries restores salary, offers bonus in hydrocarbon arm")
Infosys to roll out salary hikes from Jan 2021, incentives to junior staff
India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1
 "Infosys to roll out salary hikes from Jan 2021, incentives to junior staff")
No change in TCS campus hiring plan despite all-time low attrition
Company to allow candidates to write qualifier test remotely this year
 "No change in TCS campus hiring plan despite all-time low attrition")
TCS to roll out salary hikes for all employees, effective October 1
Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase
 "TCS to roll out salary hikes for all employees, effective October 1")
More employees being rated poorly as firms cut back on increments: Survey
Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India
 "More employees being rated poorly as firms cut back on increments: Survey")
Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis
Performance review likely to see some retrenchments
 "Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis")
36% Indian firms considering salary freeze over Covid-19 lockdown: Report
The report said that 23 per cent organisations have suspended the promotion increases and 18 per cent organizations deferring or delaying salary increases
 "36% Indian firms considering salary freeze over Covid-19 lockdown: Report")
L&T defers salary appraisals over Rs 12,000 cr billing loss since lockdown
Analysts raise concerns over Q1 show, firm to shift focus to Africa as West Asian market turns weak
 "L&T defers salary appraisals over Rs 12,000 cr billing loss since lockdown")
Infosys won't pause hiring even as it freezes salary hikes and promotions
Plans to make 35,000 jobs offers this year, including fresher and laterals, says won't layoff staff owing to Covid-19 business
 "Infosys won't pause hiring even as it freezes salary hikes and promotions")
Companies in India to give average 7.8% salary hike in FY21: Deloitte
The survey found that almost 50% of the companies surveyed are projecting a salary increment of less than 8% for 2020-21 and only 8% companies are expecting to offer pay increases greater than 10%.
 "Companies in India to give average 7.8% salary hike in FY21: Deloitte")
Slowdown effect? Salary increase in 2020 may be lowest in a decade at 9.1%
However, 39% of companies still plan to offer increases of 10% or more: Aon survey
 "Slowdown effect? Salary increase in 2020 may be lowest in a decade at 9.1%")
Average stipend up by 37% as IIM Udaipur completes summer placements
International offers, on the other hand, increased by 138 per cent over the previous year to stand at 31 this year
 "Average stipend up by 37% as IIM Udaipur completes summer placements")
Job opportunities, salary hikes to remain muted next year: Experts
Across industries, the percentage of organisations indicating an increase of headcount has gone down
 "Job opportunities, salary hikes to remain muted next year: Experts")
75% employees happy with job, but not with salary, says Monster report
However, the pay-satisfaction recorded the lowest and continued to decrease, witnessing a 21.6% fall
 "75% employees happy with job, but not with salary, says Monster report")
India to see 10% salary increase in 2020, highest in Asia Pacific: Report
As the economy continues to falter, salaries in India are projected to rise 10 per cent in 2020, says a report. In 2019, the effective wage increase was 9.9 per cent which is projected to touch 10 per cent next year. While salary increases are stabilising around the 10 per cent mark, they remain the highest in the Asia Pacific region, according to the Salary Budget Planning report released by Willis Towers Watson. Indonesia is projected at 8 per cent, China at 6.5 per cent, Philippines at 6 per cent, Hong Kong and Singapore both at 4 per cent. "Though salary increases in India continue to be among the highest in the region, companies are taking a cautious approach and do not intend to make any significant changes from previous years," Willis Towers Watson India consulting leader (talent & rewards), Rajul Mathur, said. Companies are beginning to make selective skill-based compensation adjustments to cater to requirements around automation and digitisation, he ...
 "India to see 10% salary increase in 2020, highest in Asia Pacific: Report")
With 10% salary hike, a good year for employees of listed companies
Average salary may have grown fastest since at least 2014-15
 "With 10% salary hike, a good year for employees of listed companies")
