Page 5 - Salary Hike

Infosys to begin fresh appraisal cycle; last year hikes still pending

Citing macroeconomic conditions, many IT companies have opted to hand out small increment or defer salary hikes this year

IT sector companies defer hikes, lower increments amid slow growth

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

19,000 patwaris in Madhya Pradesh go on strike seeking higher pay, perks

Some 19,000 revenue department staffers called patwaris on Monday went on an indefinite strike seeking hike in salary and perks. These patwaris oversee land mutation and caste certificate issuance processes. "We returned our bags (having measuring tapes and land records) at the collectorates in the state between 11 am and 2 pm and went on strike. We protested in the tehsil headquarters barring Agar Malwa district, which was observing a local holiday," MP Patwari Sangh president Upendra Singh Baghel told PTI over phone from Sidhi district. "Our pay scale has not been hiked for the last 25 years. The requisite to become patwaris in the revenue department is graduation now. We are getting a pay scale of Rs 2100, we want it to be hiked to Rs 2800," he said. "Even the Class XII pass staffers are getting Rs 2800 in different departments of MP. We have to work for 52 departments, including revenue. Besides pay scale hike, we are demanding time pay scale and time bound promotion," he ...

NDMC clears proposals for 7th Pay Commission, Gole Market restoration

The New Delhi Municipal Council (NDMC) in a meeting on Wednesday approved various proposals, including grant of Seventh Central Pay Commission (CPC) pay scales to its employees and restoration of the Main Gole Market building as a museum, officials said. The council's meeting was attended by Union Minister Meenakashi Lekhi, NDMC chairperson Amit Yadav, vice chairperson Satish Upadhyay, council member Kuljeet Singh Chahal among others. Addressing a press conference after the meeting, Upadhyay said the redevelopment plan of the Gole Market has been approved and the main building there will be turned into a museum with an aim to make it a tourist site. "We passed the redevelopment plan of the Gole Market after today's council meeting. We are also planning to turn the main building into a museum which can be a tourist attraction. The theme is yet to be decided. We have also decided to end the disparity in salary of guest teachers and consultants," the NDMC vice chairperson said. Speaki

Indian startups give salary hike of 8-12% in FY23, favour ESOPs: Study

Stock offer key component in increments for senior leadership roles, it says

62% corporate employees get salary hikes, small cities do better: Study

19% executives in leadership positions receive increments in the 5-10 per cent range

Infosys, HCLTech put off pay hikes for employees; TCS bucks trend

Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the matter, the report said

Ajit Agarkar likely to become BCCI chief selector; board to hike salary

The position has been vacant since former chief selector Chetan Sharma resigned in February

Indian firms dole out double-digit hikes, most employees satisfied

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

Coal Ministry nod to hike in wage of Coal India non-executive employees

The Coal Ministry has said it approved a wage revision agreement that was reached with trade unions for non-executive employees of Coal India Limited. The agreement provides for a 19 per cent of minimum guaranteed benefit from July 1, 2021, on emoluments - basic, Variable Dearness Allowance (VDA), Special Dearness Allowance (SDA) and attendance bonus besides a 25 per cent increase in allowances. In a communication to Coal India, the ministry said, "The MoA (memorandum of agreement) for NCWA-XI as signed by Coal India Limited, Singareni Collieries Company Limited and trade union representatives, has been confirmed." The agreement was reached in May by the Joint Bipartite Committee for the Coal Industry (JBCCI)-XI consisting of representatives of CIL management, Singareni Collieries Company Limited (SCCL), five central trade unions - BMS, HMS, AITUC, CITU and Indian National Mine Workers' Federation (INMF). The agreement will benefit around 2.81 lakh employees of CIL & SCCL who ...

TCS defies tech-sector inertia: Top execs see salary hikes in FY23

Rajesh Gopinathan, who stepped down from the role of CEO and MD of TCS, saw his total remuneration go up 13.17 per cent for 2022-23 (FY23)

SpiceJet hikes salaries for captain pilots to Rs 7.5 lakh per month

Budget carrier SpiceJet on Tuesday announced hiking the salary for its captains to Rs 7.5 lakh per month for 75 hours of flying as well as introduced a tenure-linked loyalty reward for them. Salaries of trainers and first officers have also been increased commensurately, according to a release. "Salary of captains has been increased to Rs 7.5 lakh-a-month for 75 hours of flying. The hike will be applicable from May 16, 2023," the airline, which completed 18 years of operations on Tuesday, said. The airline had revised salaries for its pilots in November 2022 wherein the salary of captains was raised to Rs 7 lakh-a-month for 80 hours of flying. A tenure-linked monthly loyalty reward for its captains of up to Rs 1,00,000 per month has also been announced. This amount will be over and above their monthly remuneration, the release said. Details about the number of pilots at the airline could not be immediately ascertained. In recent times, there have been delay in payment of salaries

Average salary in e-commerce, tech start-ups at a five-year low: Report

The average salary in the hospitality sector also fell to a five-year low in FY22: TeamLease report

Average stipend pay outs hiked by 2% in India in FY23, Chennai leads

"Employers are willing to pay higher stipends than industry mandates as they see the value of investing in apprentices to bridge the skill crisis and create a sustainable talent supply chain"

Microsoft to skip salary hikes for full-time employees this year: Report

CEO Satya Nadella cited economic conditions and an investment in artificial intelligence as he informed employees about the change

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

Salaries in India to rise 10% in 2023, highest in Asia-Pacific: WTW report

China is projected to see a salary hike of 6%, Vietnam at 8%, Indonesia at 7%, Hong Kong at 4% and Singapore at 4% in 2023

Karnataka employees withdraw strike as govt announces 17% basic salary hike

The employees had demanded interim relief of a 40 per cent increase in basic salary and revision of salaries as per the 7th Pay Commission

Salary hikes in India have now reverted to pre-pandemic level: Mercer

The highest salary hikes are expected in the high-tech industry in 2023, followed by the Software Service Outsourcing (SSO) industry

Half of Indian firms may offer double-digit salary hikes in 2023

Of the 1,400 companies surveyed across 40 industries, 46% of organisations are expected to give double-digit salary increases in 2023