Pay Hike

Driven by demand for EV, AI and automation roles, the automotive industry is set to give the highest salary hikes in FY26, outpacing most other Indian sectors

Toyota, the world's biggest carmaker and traditionally a bellwether of the annual talks, said it agreed to the demands of monthly pay increases of as much as 28,440 yen ($193) and record bonus payment

Unions across industries, including automobiles, electronics, metals, heavy machinery and the service sector have all demanded hefty pay hikes.

Upon ending negative rates, the central bank is also likely to overhaul its massive stimulus programme that consists of a bond yield control and purchases of riskier assets, they said

Companies in India are expected to dole out an average of 10 per cent salary increase this year, with automobile, manufacturing and engineering sectors anticipated to witness the highest hikes, says a survey. In 2023, the average salary hike was 9.5 per cent, according to consultancy firm Mercer's Total Remuneration Survey (TRS) released on Tuesday. "This trend showcases India's strong economic performance and its growing appeal as a hub for innovation and talent. Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases, highlighting the competitive nature of these sectors," it said. The survey, conducted between May and August 2023, gathered data from 1,474 companies, covering more than 6,000 job roles and representing more than 21 lakh employees. It focused on salary trends across various industries, with individual performance, organisation performance and position in salary range being the ..

The parties will endeavour to finalise the bipartite settlement within 180 days from the date of this minutes

Several state governments announced a hike in DA by 3 to 4 per cent after the centre announced the decision for its employees last month. Here are the state-wise details about the DA hike

Wipro has postponed salary hikes, while Infosys and HCL opt not to implement raises

Did you know workers in four countries -- India, the US, the UK, and South Africa, worked six days "for free" in 2022 because their wages lagged behind inflation? Watch the video for some interesting

Both parties hammered out the compromise, taking into consideration the external headwinds that caused the quarterly profit to plunge nearly 96 per cent in the first quarter

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

Concession highlights continued pressure on easyJet and airlines to agree better terms and wages to retain staff and avert more labour strife after months of disruption since the end of Covid lockdown

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

According to members of nomination and pay committees of several blue-chip corporations, there is a growing trend of linking CEO salaries to results and performance

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

The Vereinigung Cockpit union is calling for a 5.5% pay increase this year and an automatic adjustment for inflation starting next year.

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

Will higher pay be the new norm in IT sector? Are we prepared to roll out next-gen mobile networks? Has the crash in mid, small-caps bottomed out? What is Places of Worship Act, 1991? Answers here

Startups and new-age corporations, together with the unicorns, are set to lead this trend with a commonly estimated hike of 12 per cent, it added

The UK government said on Wednesday that it will back NHS by providing a 3% salary uplift to health workers in full accordance with recommendations of NHS independent pay review bodies