Salary Hike

TCS defers salary hikes amid global uncertainty, US tariff concerns

The hikes will be implemented later in the financial year, once there is greater clarity and the outlook improves, company executives said at a press conference on Thursday

Big perk bonanza: Bihar govt clears 30% pay hike for MoS, deputy ministers

Bihar Cabinet has approves 30 per cent hike in salaries, allowances for ministerial-equivalent roles; and gave nods creation of 26,000 government posts, including three new health directorates

CEO pay weathers market volatility, jumps 13% to ₹10 cr in FY25: Deloitte

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

Who pays Members of Parliament more: India, Pakistan, or Bangladesh?

With significant parliamentary changes occurring, how do these neighbouring countries compare in their compensations to their lawmakers

Members of Parliament get 24% salary hike on Cost Inflation Index basis

Effective from Apr 1, 2023

MPs to get ₹1.24 lakh monthly salary, daily allowance increased to ₹2,500

The salary of MPs has been raised by 24 per cent, increasing from ₹1 lakh to ₹1,24,000 per month; daily allowance revised to ₹2,500 per day, while the pension has been increased to ₹31,000 per month

Rajasthan cops boycott Holi over promotions, salary discrepancies

Rajasthan Police personnel in several districts of the state distanced themselves from Holi celebrations on Saturday in support of their demands including promotions and removing salary discrepancies. Former chief minister Ashok Gehlot demanded that Chief Minister Bhajanlal Sharma immediately intervene in the matter and look into the demands of the policemen. Cabinet minister Kirodi Lal Meena also came in support of the demands and said he would raise the issue with the government. Traditionally, policemen celebrate the festival of colour on the day of Dhulandi as they remain engaged in law and order duty on the day of the festival. The next day of the Dhulandi, they gather in police lines to celebrate Holi. As usual, arrangements for Holi celebrations were made by senior officers in police lines across the state. However, police lines in Jaipur, Jodhpur, Udaipur and other districts remained empty. In Kota, Bharatpur, Pali, Sawai Madhopur and Bhilwara, celebrations continued with

India's average salary hike likely at 8.8% in 2025: Deloitte report

As Indian companies are focused on optimising compensation cost budgets while navigating global and local headwinds, the average increment is expected to be at 8.8 per cent in 2025, Deloitte India said in a report on Friday. Pay increases for 2025 are forecast at 8.8 per cent (compared with 9.0 per cent in 2024), Deloitte India's report - 'Deloitte India Talent Outlook 2025' - said, adding that 75 per cent of companies will either reduce or keep their pay increases the same as last year. Further, the report revealed that while most sectors will keep the increment growth stable or moderately lower than the previous year, the consumer products sector expects a significantly lower increment budget. "In an environment where companies are witnessing muted revenue growth, compensation budgets are naturally coming under pressure. Controlled attrition and moderate inflation are helping companies optimise pay increases without adversely affecting talent outcomes. However, we expect the focus

Cognizant confirms on-time salary hikes, merit increases in August

Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in mid-March. "Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company said. The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added.

India Inc poised to see average salary hike of 9.4% in 2025: Report

India Inc is set to witness an average salary increase of 9.4 per cent in 2025, a slight moderation from the 9.6 per cent recorded in 2024, according to EY Future of Pay report. The report showed that as many as 6 in 10 Indian employers are keen to explore the potential of AI for employee rewards and compensation strategies over the next three years. "The report reveals that India Inc. is set to witness an average salary increase of 9.4 per cent in 2025, a slight moderation from the 9.6 per cent recorded in 2024. Overall employee attrition rate dropped from 18.3 per cent in 2023 to 17.5 per cent in 2024," it said. Nearly 60 per cent employers are looking to leverage AI across critical areas such as salary benchmarking, real-time pay equity analysis, and customisable benefits for employees. The report noted that firms are poised to transition from manual pay benchmarking and fixed incentive models to AI-driven predictive analytics and real-time salary adjustments by 2028. "With ...

IT sector may see cautious salary hikes amid economic headwinds: Experts

Salary increments in India's USD 250 billion IT services sector are projected to be moderate in fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts. Industry experts predict an average wage increase of 4-8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies. "The outlook for salary hikes this year is quite cautious," noted Krishna Vij, VP, TeamLease Digital. "Industry players are looking at increments in the 4 per cent to 8.5 per cent range, which is lower than what we've seen in previous years. This slowdown is largely due to global economic challenges, reduced discretionary spending, and shifting business priorities." Companies are being more conservative with their salary budgets, and many have even pushed their appraisal cycles beyond the usual April-June period, she

Meta raises executive bonuses to 200% amid layoffs, cost-cutting measures

The announcement to raise bonuses comes just a week after Meta began laying off 5 per cent of its workforce, a move the company attributed to targeting underperforming employees

Amid global uncertainty, salaries in India to rise by 9.2% in 2025: Aon

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

Salary hikes to hit 30-40% for new skills, leadership roles in 2025: Report

Corporate India is likely to witness annual salary hikes in the range of 6-15 per cent this year, depending on the industry, role criticality, and niche skills and this figure may touch as high as 40 per cent for emerging skills and critical leadership roles, according to Michael Page 2025 Salary Guide. The leading global recruitment consultancy noted that India's job market has shown resilience in recent months, offering increased opportunities across sectors compared to early 2024. "Annual salary hikes in India generally vary from 6-15 per cent, and salary increments for promotions typically range from 20-30 per cent, with critical leadership and emerging skill roles seeing hikes of 30 to 40 per cent," it said. Over a dozen new global private equity, sovereign, venture capital, real estate, and infrastructure funds have expanded their operations into India, marking the country's growing significance in the global investment landscape, it added. According to Ankit Agarwala, Managi

Big bucks for big skills: AI, cybersecurity pros see fast promotions, hikes

Top talent in AI, cybersecurity, and leadership roles see 30-40 per cent pay hikes as firms compete for skilled professionals with faster promotions, ESOPs, and long-term incentives

IT companies likely to roll out 3-6% hikes this year, say HR experts

According to reports, the IT attrition rate for this year is expected to be around 12-13 per cent

Eighth pay commission: Know how govt salary is calculated, what is expected

Commission's recommendations will help around 4.5 million central government employees and 6.8 million pensioners

Average salary hike in India projected to be 9.4% in 2025: Report

Indian employees may expect an average salary increment of 9.4 per cent this year across industries, indicating strong economic growth and rising demand for skilled talent, a report said on Tuesday. Over the last five years, salary increments have steadily increased, rising from 8 per cent in 2020, to a projected 9.4 per cent in 2025, according to Total Remuneration Survey (TRS) by HR consulting firm Mercer. The automotive sector leads with anticipated increments of 10 per cent from 8.8 per cent, driven by the surge in electric vehicles and the government-led 'Make in India' initiative. Manufacturing and engineering follow closely with an increase from 8 per cent to 9.7 per cent, reflecting a resurgence in the manufacturing ecosystem. More than 1,550 companies in India participated in the survey, spanning diverse industries, such as technology, life sciences, consumer goods, financial services, manufacturing, automotive, and engineering. Further, the report revealed that in 2025,

89% of GenZ feel AI training can fetch better salaries, shows data

Another major takeaway from Unstop's report is the growing disparity between academic preparation and corporate expectations

Corporate India expected to maintain 9.5% salary increase in 2025: Survey

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist