Page 3 - Salary Hike

Roadways staff end strike after Maharashtra govt promises Rs 6,500 hike

Maharashtra Chief Minister Eknath Shinde has agreed to raise the basic salary of MSRTC staff by Rs 6,500 per month. The increase will be applied retrospectively from April 2020

Cognizant clarifies fresher salary issue, says 'grossly misrepresented'

The IT firm faced significant online backlash over the internet for its low fresher salary offering, with many comparing it to 2002 levels

IndiGo's median salary increase drops to 4.42% in 2023-24: Annual reports

Airline sources stated that the growth was higher in 2022-23 because the airline was normalising the remuneration of employees who had suffered salary cuts during the peak of the COVID-19 pandemic

Rs 2.52 LPA for freshers, how Cognizant hikes salaries for existing employees

IT Giant Cognizant faces backlash over salary hikes. After offering Rs 2.52 lakh per annum to freshers, the US-based company is in the spotlight for its minimal salary hikes.

After Rs 2.5 LPA job offer, Cognizant grants 1% salary hikes to employees

The annual raises ranged from 1 per cent to 5 per cent at the highest, after the increments were implemented with a four-month delay

Wipro, Coforge among firms with highest paid IT CEOs in FY24: Check list

Coforge CEO Sudhir Singh's annual remuneration in FY24 stood at Rs 105.12 crore, positioning him at the second spot after Wipro's former CEO Thierry Delaporte

Wickremesinghe rules out another salary hike for govt employees this year

Sri Lankan President Ranil Wickremesinghe has said that the government sector employees will not be given another salary increase this year, cautioning that further pay hikes without proper planning could cripple the government ahead of presidential and general elections. The 75-year-old, widely expected to seek re-election for the office of president, acknowledged the strain on the economy, stating that previous programmes providing increased benefits and allowances had depleted excess funds, the News First portal reported on Sunday. Wickremesinghe highlighted the Sri Lankan Rs 10,000 salary increase and additional benefits implemented under the "Aswasuma" programme. He emphasised the need for fiscal responsibility, cautioning that further salary increases without proper planning could cripple the government, the report said. Wickremesinghe, who has been serving the balance term of the ousted president Gotabaya Rajapaksa since mid-July 2022, stressed the need to prioritise nationa

77% low-income households saw no income increase in the past 5 yrs: Report

A Redseer survey on low to middle income households found that 65% respondents relied on family and friends for financial support, citing medical emergencies as a major cause for savings depletion

At the Big Five, auditors want pay parity with their western counterparts

The auditors at Big Five firms said the remuneration does not justify the risks, work stress, and investments in technology and talent

TCS, Infosys, Wipro see salary bills surge even as revenue growth slows

Lateral hiring in high-demand sectors like artificial intelligence (AI), machine learning (ML), cloud, and engineering services are the reason behind the surge

Cognizant defers salary hikes by four months to August 1, says report

Cognizant said that the majority of its associates have seen four merit increases within 3 years, with the last cycle being April 1, 2023

Average salary hike in India likely to be 8-11% this year: Randstad India

The junior professionals are likely to outshine senior professionals in terms of salary hike percentage

Senior-level roles to see average 20% pay hike on bright economic sentiment

Salary hike in senior level job roles is expected to reach an average of 20 per cent this year, as nurturing talent and fostering innovation remains a key focus area for companies amid the country's buoyant economic conditions, says a report. According to the Michael Page India Salary Guide 2024, there is a resurgence in hiring within traditional industries, particularly evident in the continued high demand for manufacturing and operations roles. Additionally, there's a notable surge in the need for professionals skilled in data analytics, generative AI, and machine learning across various sectors. The annual guidance report covers the key sectors of BFSI, engineering & manufacturing, finance & accounting, healthcare & lifesciences, human resources, legal, compliance, procurement & supply chain, property & construction, sales & marketing, and technology. According to the report, India's 6 per cent GDP growth coupled with significant domestic investments and ...

TCS likely to offer 7-8% average salary hike to offsite employees

TCS' attrition rate has been normalising, standing at 13.3 per cent for the third quarter of FY24, down from 14.9 per cent in the previous quarter

Woman asks for 45 LPA after 4 years of experience, CEO response goes viral

Vanshiv Technologies CEO's tweet went viral when a woman with four years of experience asked for 45 LPA. CEO says we'll have to apply for a loan to hire her

India Inc likely to see an average salary hike of 9.6% in 2024: EY report

The highest salary hikes are expected to be seen in e-commerce (10.9%), financial services (10.1%), and professional services and real estate (10% each)

India Inc likely to see an average salary hike of 9.6% in 2024: EY report

The highest salary hikes are expected to be seen in e-commerce (10.9%), financial services (10.1%), and professional services and real estate (10% each)

Watch: What will the average salary hike be in 2024

According to the "Future of Pay 2024" report, the highest salary hikes are expected to be seen in e-commerce, financial services, professional services, and real estate. Watch the video to know more

Companies expected to dole out 10% average salary hike this year: Survey

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 ..

Manufacturing firms likely to lead pay hikes in 2024: AON India survey

According to the projections by AON, the manufacturing sector could lead the hike with 10.1 per cent, followed by life sciences, and financial institutions with a 9.9 per cent hike each