Page 6 - Bonus Payouts

Return of the fat cats? Europe's bank bonuses rise as profits rebound

Banks have added billions of dollars to bonus pools as they try to reassure restless staff they will be rewarded in 2021 after a lean 2020.

Microsoft announces gift: All employees to get $1,500 as pandemic bonus

Microsoft is giving all its employees over $1,500 pandemic bonus, in recognition of a challenging fiscal year that the tech giant just completed

ICICI Pru announces Rs 867 cr annual bonus for participating policyholders

Around 980,000 customers are likely to benefit from this bonus

Tide Water Oil zooms 20% on stock split, bonus issue plan

Earlier in March 2016, the company had issued bonus shares in the ratio of 1:1 i.e. one bonus share for every share held in the company

AMC staffers set for bonus boost as industry manages to grow asset base

Bonuses for FY21 may be 20-30% of annual pay; yearly increment can be in high single digits

PwC India announces special bonus for all employees

Audit firm PwC India on Thursday announced a special one-time bonus for all its 1,500 employees

Cognizant announces bonus higher than 2019, promotes 24,000 employees

The company is also offering about 1,60,000 employees with merit increases globally, and has promoted more than 24,000 employees across every level

HCL Tech's one-time Rs 700 cr bonus for staff on crossing $10 bn revenue

Applies to employees who have spent a year with HCL; a large number of visas unused due to Covid

JPMorgan may freeze some staff salaries, pay traders higher bonus: Report

As part of the incentive pay for traders, bonuses increase when market revenue rises

Amazon offers 'special recognition bonus' to employees in India

The announcement comes amid a global campaign #MakeAmazonPay, which alleges that the e-commerce giant made big profits, but at a huge cost to workers and the planet.

Tata Steel inks deal with Workers' Union to pay annual bonus to employees

The Tata Steel management and Tata Workers' Union on Monday signed a memorandum of settlement for the payment of annual bonus to the employees for the accounting year 2019-20

Despite Covid-19, Tata Steel to pay Rs 235-cr bonus to employees for FY20

The memorandum was signed by Tata Steel CEO and Managing Director T V Narendran and TWU President R Ravi Prasad

Zoho Corporation cancels bonuses, but avoids any layoffs due to Covid-19

In view of dip in US GDP, the company has prepared itself for a larger hit on its business

Covid-19 pandemic may eat into bonuses of domestic investment bankers

Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21

Wall Street bonuses to plunge 30%, layoffs likely as Covid-19 hits markets

Johnson did not estimate cuts to specific businesses, but he said headcount could be reduced by up to 10% and could include retail divisions

Bonuses jump in FY17 as firms dole out surplus

Companies include 5 PSUs: Rural Electrification, Power Fin, HPCL, BPCL, IOC

Make the most of this annual windfall

Bonus payouts for the year have begun. We offer you a plan for making judicious use of this bonanza