Salary Packages

The Indian IT/ITeS sector is one of the largest employment generating sector. The industry is expected to have an employee base of 5.8 million in FY26, according to UnearthInsights

In a historic move, Tesla shareholders have approved CEO Elon Musk’s record-breaking $1 trillion pay package, the largest in corporate history. Here’s what it means for Tesla

Google's salary filings offer rare insight into what the tech giant pays its global workforce, with annual salaries going up to $340,000

Top execs like COOs, CFOs, CHROs, CMOs & CSOs saw 7-11 per cent pay hikes this year. COOs and CFOs remain highest paid after CEOs, with annual salaries nearing ₹4 crore

Salary increments are also projected to vary across industries with engineering design services and auto/vehicle manufacturing budgeting for the highest pay increases

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

Facing social media backlash over the Rs 2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs 4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders. The firm also faced social media ridicule for doling out annual salary hikes of as low as 1 per cent, but what is being quoted is the lower band of the 1-5 per cent annual increments that the firm has dished out based on individual performance. Cognizant annually hires fresh engineers and non-engineering/IT graduates for varied roles. With the two recruitments running almost parallel, hiring for three-year non-engineering/information technology undergraduate degree holders picked up and was widely shared as Cognizant's salary package for freshers. "Our recent job posting for talent from non-engineering backgrounds, with a 3-year undergraduate degree has been grossly misrepresented. This job posting, with ...

Hyun Shik Park, with over 36 years at LG, leads Ola Electric's Gigafactory operations. He earned Rs 8.7 crore in FY24, surpassing founder Bhavish Aggarwal

The development comes ahead of the April 23 hearing at NCLT and company may request the tribunal allow it to use the rights issue money

Institute issues correction, says 'technical glitch' responsible for the incorrect figure in the phase-I placement report

Concerns arise over student pressure amidst inflated expectations and IITs placement committee suggests shifting focus to mean or median salary packages in student placement reports

All high courts must have a 2-judge committee to oversee orders on pay, pension and other retirement benefits for judicial officers as per the Second National Judicial Pay Commission recommendations

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

When an employer when employees a person, he specifies his cost to the company (C.T.C). It means that the organization is going to spend that much amount per year to employ that person

The monthly average income of a salaried person in urban India has grown only 7.5 per cent from Rs20,030 in the second quarter of fiscal 2022 to Rs 21,647 in the first quarter of fiscal 2023

A fraction of employees surveyed even got hikes up to 20-25 per cent for their exceptional performance

The new structure also includes revised pay scales across all levels and will come into effect from April 1, 2023

Salary level in certain sectors are expected to be restored to the pre-pandemic mark by the end of this financial year aided by the recovery in economic activities, according to TeamLease HRTech CEO Sumit Sabharwal said. Hit by the pandemic, organisations across sectors resorted to pay cuts and layoffs to reduce their labour costs, Sabharwal told PTI. "After analysis of data from our client base, we found that the workers in the formal sector witnessed a 3.6 per cent wage cut while informal workers experienced a much sharper fall at 22.6 per cent. The pandemic has shown us the importance of the format sector in the economy," he noted. He said, as normalcy returned and the economy gradually recovered companies began giving increments that helped in narrowing the salary gap to the 2019 level. However, there is still a little gap of around 7-14 per cent from the 2019 wage level in certain sectors. "We expect the recovery to reach the 2019 level by the end of this financial year," he .

It is on average equivalent to 130 days of gross wages per completed year of service, firm says

There is a yawning chasm between CXO salaries and those of the other employees. Companies are expected to maintain a reasonable CEO-to-worker pay ratio. But are they doing it? Let us find out