Page 2 - Salary Hike

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

Tata Group CEOs see broad-based FY25 pay hikes led by growth sectors

Top Tata Group executives saw an average 19.2% pay hike in FY25, driven by profit growth in consumer, hospitality, and tech units, while heavy industries stayed muted

TCS to roll out salary hikes for 80% of staff starting September 1

TCS had paused salary hikes in April citing macroeconomic uncertainty but will now revise pay for staff up to grade C3A, covering 80 per cent of its workforce

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Nasdaq-listed IT company gains on performance of BFSI and health science verticals, and large deal wins

Cognizant undecided on salary hikes, plans rollout for most by year-end

Facing global uncertainty, Cognizant delays salary hike decision and targets second-half rollout while continuing to hire freshers and expand AI-driven roles

India Inc to offer avg salary hike of 6.2-11.3% across industries: Report

Corporate India is expected to dole out average salary hike in the range of 6.2 per cent to 11.3 per cent this fiscal, as employers are reshaping their workforce strategies by focusing more on skill certification and incentive-led engagement, a report said on Tuesday. According to the TeamLease Services - Jobs and Salaries Primer 2025-?26 report, the average salary hikes is projected to be in the range between 6.2 per cent and 11.3 per cent across industries, while some role-level salary increments are expected to reach up to 13.8 per cent. "The projected salary growth, ranging from 6.2 per cent to 11.3 per cent, signals a broader realignment in India's job and wage landscape. As new-age industries scale rapidly, demand is shifting toward roles that combine technical capability with immediate business impact," TeamLease Services CEO - Staffing, Kartik Narayan said. The report, based on inputs from 1,308 businesses across 23 industries and 20 cities, noted that the highest salary ...

No clarity on FY25 salary hike, says TCS amid economic uncertainties

TCS has not decided on salary hikes for FY25 due to macroeconomic uncertainties and delayed deal closures, with an update expected once the situation improves, says HR head Milind Lakkad

After a dull 2024, pay bump at top campuses for MBA, BTech graduates

Median annual salaries at top 10 MBA colleges may rise to ₹26 lakh in 2025 from ₹24 lakh; At top 10 BTech colleges, compensation could rise to ₹17 lakh from ₹16.3 lakh

Accenture pushes back hike cycle to June, to promote 15,000 in India

Accenture shifts appraisal cycle to June citing economic uncertainty and US contract cancellations; 50,000 employees to be promoted globally including 15,000 in India

Accenture to promote 50,000 staff globally amid consultancy slowdown

The Accenture promotions will take place in June, which will now replace the traditional December round of promotions

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 ...