Page 8 - Salary Hike
Panacea Infosec announces 30-40% salary hike, to raise headcount by 35%
Cybersecurity firm Panacea Infosec has given 30-40 per cent hike in salaries for all employees with effect from April, the company said on Thursday. Currently, the company has around 230 employees and plans to increase headcount in the range of 25-35 per cent during the ongoing financial year, it said in a statement. "With this hike, Panacea Infosec will get an average increment of 30-40 percent in the financial year 2021-22. "Panacea Infosec is one of the fastest growing cybersecurity audit firms in India with an average growth rate of 245 per cent in the past three years," the statement said. Founded in 2012, the Delhi-based company claims to have over 400 clients spread across 45 countries. Panacea said businesses are still coping up with the COVID-19 crisis, and dependency on information technology and other digital services has increased which, in turn, increased the demand for cybersecurity and privacy services. In the new business environment cybersecurity and audit servic
 "Panacea Infosec announces 30-40% salary hike, to raise headcount by 35%")
LIC employees' wage hike proposal yet to get government approval
"It is under process and with the ministry. Whenever it happens, we will share with the employees," said a source in LIC
 "LIC employees' wage hike proposal yet to get government approval")
TCS to announce salary hikes for FY22, second for company in 6 months
With salary hike in Financial Year 2021-22, TCS employees will get around 12-14 per cent average increment in six months' time
 "TCS to announce salary hikes for FY22, second for company in 6 months")
Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020
Fewer companies plan to give zero increment
Top headlines: RBI approves Piramal's DHFL plan; Apple lobbies with India
In Australia, Facebook has blocked access to news on its platform. More on that story in our top headlines
 "Top headlines: RBI approves Piramal's DHFL plan; Apple lobbies with India")
India set to see a median increase in salaries of 7% in 2021: Survey
Pharma, tech and consumer products to see highest sectoral increases
 "India set to see a median increase in salaries of 7% in 2021: Survey")
Nearly 90% companies planning salary hikes in 2021: Aon India Survey
Quantum of hikes also set to improve, as 61% are planning increments of 5-10% as compared to only 4.5% in 2020
 "Nearly 90% companies planning salary hikes in 2021: Aon India Survey")
Top headlines: US election heads down to the wire, SBI Q2 profit up 52%
Republic TV editor Arnab Goswami was arrested by police in Mumbai for alleged abetment of suicide in a case registered in 2018.
 "Top headlines: US election heads down to the wire, SBI Q2 profit up 52%")
Making short-term margin trade-offs to accelerate growth: Cognizant CEO
Strong performing employees will be rewarded for what they have done, he says
 "Making short-term margin trade-offs to accelerate growth: Cognizant CEO")
ISB's PGPMAX down a notch at 53rd spot globally in FT 2020 EMBA rankings
It was top ranked executive MBA programme from India, second best was IIM Bangalore's post-graduate in enterprise management, at 95th position
 "ISB's PGPMAX down a notch at 53rd spot globally in FT 2020 EMBA rankings")
Reliance Industries restores salary, offers bonus in hydrocarbon arm
The firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its employees, as a goodwill gesture for working during the pandemic
 "Reliance Industries restores salary, offers bonus in hydrocarbon arm")
Infosys to roll out salary hikes from Jan 2021, incentives to junior staff
India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1
 "Infosys to roll out salary hikes from Jan 2021, incentives to junior staff")
No change in TCS campus hiring plan despite all-time low attrition
Company to allow candidates to write qualifier test remotely this year
 "No change in TCS campus hiring plan despite all-time low attrition")
TCS to roll out salary hikes for all employees, effective October 1
Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase
 "TCS to roll out salary hikes for all employees, effective October 1")
More employees being rated poorly as firms cut back on increments: Survey
Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India
 "More employees being rated poorly as firms cut back on increments: Survey")
Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis
Performance review likely to see some retrenchments
 "Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis")
36% Indian firms considering salary freeze over Covid-19 lockdown: Report
The report said that 23 per cent organisations have suspended the promotion increases and 18 per cent organizations deferring or delaying salary increases
 "36% Indian firms considering salary freeze over Covid-19 lockdown: Report")
L&T defers salary appraisals over Rs 12,000 cr billing loss since lockdown
Analysts raise concerns over Q1 show, firm to shift focus to Africa as West Asian market turns weak
 "L&T defers salary appraisals over Rs 12,000 cr billing loss since lockdown")
Infosys won't pause hiring even as it freezes salary hikes and promotions
Plans to make 35,000 jobs offers this year, including fresher and laterals, says won't layoff staff owing to Covid-19 business
Companies in India to give average 7.8% salary hike in FY21: Deloitte
The survey found that almost 50% of the companies surveyed are projecting a salary increment of less than 8% for 2020-21 and only 8% companies are expecting to offer pay increases greater than 10%.
