Infosys, India’s second-largest IT services firm, has said that it will roll out salary hikes and promotions across all levels, effective January 1. Infosys CEO Salil Parekh said that the company will pay a special bonus in the quarter to December, while paying 100% variable pay in the previous quarter. “We will pay a one-time…
In times when companies are laying off employees and reducing salaries, Asian Paints has said that it will go ahead with annual increments. In an attempt to boost employee morale and strengthen the bond with its employees, the company has decided to not lay off any employees and give them their annual salary raise. Citing…
IT company Tech Mahindra recently announced that it is putting a hold on incentives and wage hikes amid the coronavirus pandemic. As the coronavirus outbreak disrupts operations worldwide, the company is not looking at any clarity on business. However, the company said that its junior associates will still get their full remuneration packages. Talking to…
At a time when many companies have hit a pause on hiring, and words like furloughs, pay cuts and job cuts are doing the rounds, French IT services firm Capgemini recently said that it will continue to digitally onboard new employees in India. According to a report by Livemint, the French IT major has said…
In an attempt to promote employee welfare, French IT services giant Capgemini has recently announced that it has given a single-digit salary hike to 70 percent of its employees in India, effective April 1, 2020. The move will benefit the company’s 84,000 employees of its 1.2 lakh Indian workforce. The company has also said that…
With annual appraisals around the corner, employees are eagerly waiting for their salaries to reflect their wishes. Many might have even planned a thing or two for the additional salary they will be getting. Annual appraisals are one of the most motivating factors for employees. A lot in their personal lives and the course of…
As per Hay Group General Industry Compensation Report released this week, expected pay increase for 2013 stands at an average of 11.2 % across job roles in 2013. The report covers all levels of management across job roles. The increment percentage represents a slight reduction against an actual average salary increase of 12 per…