Business Standard

Salary Packages

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr
Updated On : 03 Sep 2024 | 3:51 PM IST

Entry-level pay for engineers at Rs 4-12 lakh, best in industry: Cognizant

Facing social media backlash over the Rs 2.52 lakh annual salary offer for freshers, IT giant Cognizant on Sunday said it offers Rs 4-12 lakh salary to fresh engineering graduates, and the salary being quoted on social media is for non-engineering undergraduate degree holders. The firm also faced social media ridicule for doling out annual salary hikes of as low as 1 per cent, but what is being quoted is the lower band of the 1-5 per cent annual increments that the firm has dished out based on individual performance. Cognizant annually hires fresh engineers and non-engineering/IT graduates for varied roles. With the two recruitments running almost parallel, hiring for three-year non-engineering/information technology undergraduate degree holders picked up and was widely shared as Cognizant's salary package for freshers. "Our recent job posting for talent from non-engineering backgrounds, with a 3-year undergraduate degree has been grossly misrepresented. This job posting, with ...

Entry-level pay for engineers at Rs 4-12 lakh, best in industry: Cognizant
Updated On : 18 Aug 2024 | 12:29 PM IST

Who's Hyun Shik Park, Ola Electric's top earner, eclipsing Bhavish Aggarwal

Hyun Shik Park, with over 36 years at LG, leads Ola Electric's Gigafactory operations. He earned Rs 8.7 crore in FY24, surpassing founder Bhavish Aggarwal

Who's Hyun Shik Park, Ola Electric's top earner, eclipsing Bhavish Aggarwal
Updated On : 30 Jul 2024 | 4:13 PM IST

Raveendran secures pvt debt to pay March salaries of employees at Byju's

The development comes ahead of the April 23 hearing at NCLT and company may request the tribunal allow it to use the rights issue money

Raveendran secures pvt debt to pay March salaries of employees at Byju's
Updated On : 22 Apr 2024 | 10:27 PM IST

IIT Bombay placement: 22, not 85, students secure Rs 1 cr salary package

Institute issues correction, says 'technical glitch' responsible for the incorrect figure in the phase-I placement report

IIT Bombay placement: 22, not 85, students secure Rs 1 cr salary package
Updated On : 11 Jan 2024 | 10:41 AM IST

IITs seek consensus to exclude highest salaries in placement reports

Concerns arise over student pressure amidst inflated expectations and IITs placement committee suggests shifting focus to mean or median salary packages in student placement reports

IITs seek consensus to exclude highest salaries in placement reports
Updated On : 11 Jan 2024 | 10:33 AM IST

SC asks high courts to enforce committee to oversee judicial pay commission

All high courts must have a 2-judge committee to oversee orders on pay, pension and other retirement benefits for judicial officers as per the Second National Judicial Pay Commission recommendations

SC asks high courts to enforce committee to oversee judicial pay commission
Updated On : 10 Jan 2024 | 4:20 PM IST

IT sector companies defer hikes, lower increments amid slow growth

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

IT sector companies defer hikes, lower increments amid slow growth
Updated On : 04 Sep 2023 | 1:41 PM IST

Explained: How to structure your salary to reduce your tax burden

When an employer when employees a person, he specifies his cost to the company (C.T.C). It means that the organization is going to spend that much amount per year to employ that person

Explained: How to structure your salary to reduce your tax burden
Updated On : 14 Aug 2023 | 12:18 PM IST

India's average monthly salary in urban India is Rs 21,647

The monthly average income of a salaried person in urban India has grown only 7.5 per cent from Rs20,030 in the second quarter of fiscal 2022 to Rs 21,647 in the first quarter of fiscal 2023

India's average monthly salary in urban India is Rs 21,647
Updated On : 17 Jul 2023 | 1:56 PM IST

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

Indian firms dole out double-digit hikes, most employees satisfied
Updated On : 29 Jun 2023 | 9:52 AM IST

Air India revamps pay structure of pilots, crew; announces reward, bonus

The new structure also includes revised pay scales across all levels and will come into effect from April 1, 2023

Air India revamps pay structure of pilots, crew; announces reward, bonus
Updated On : 17 Apr 2023 | 11:22 PM IST

'Salary in certain sectors to reach pre-pandemic level by fiscal-end'

Salary level in certain sectors are expected to be restored to the pre-pandemic mark by the end of this financial year aided by the recovery in economic activities, according to TeamLease HRTech CEO Sumit Sabharwal said. Hit by the pandemic, organisations across sectors resorted to pay cuts and layoffs to reduce their labour costs, Sabharwal told PTI. "After analysis of data from our client base, we found that the workers in the formal sector witnessed a 3.6 per cent wage cut while informal workers experienced a much sharper fall at 22.6 per cent. The pandemic has shown us the importance of the format sector in the economy," he noted. He said, as normalcy returned and the economy gradually recovered companies began giving increments that helped in narrowing the salary gap to the 2019 level. However, there is still a little gap of around 7-14 per cent from the 2019 wage level in certain sectors. "We expect the recovery to reach the 2019 level by the end of this financial year," he .

'Salary in certain sectors to reach pre-pandemic level by fiscal-end'
Updated On : 16 Oct 2022 | 11:07 PM IST

Ford India offers final severance package for Chennai unit employees

It is on average equivalent to 130 days of gross wages per completed year of service, firm says

Ford India offers final severance package for Chennai unit employees
Updated On : 05 Sep 2022 | 11:34 PM IST

How can we solve India Inc's high CEO pay problem?

There is a yawning chasm between CXO salaries and those of the other employees. Companies are expected to maintain a reasonable CEO-to-worker pay ratio. But are they doing it? Let us find out

How can we solve India Inc's high CEO pay problem?
Updated On : 11 Aug 2022 | 7:00 AM IST

IndiGo hikes pilot salaries by a further 8%, restores overtime allowance

The airline has made changes to its HR policies to reinstate the work pattern of crew under which they will earn more, but there will be fewer leaves

IndiGo hikes pilot salaries by a further 8%, restores overtime allowance
Updated On : 08 Jul 2022 | 1:12 AM IST

IIM Indore student offered Rs 49 lakh annual package to work in India

The institute has successfully completed the final placements of 572 participating candidates from the two-year flagship Post Graduate Program (PGP) and the five-year Integrated Program in Management

IIM Indore student offered Rs 49 lakh annual package to work in India
Updated On : 09 Jan 2022 | 9:09 PM IST

'Save first, spend the rest': A budgeting approach that's easy to follow

Experienced practitioners may graduate to zero-based budgeting, a more evolved and detailed approach.

'Save first, spend the rest': A budgeting approach that's easy to follow
Updated On : 23 Nov 2021 | 1:53 AM IST

IIM-A's 2021 PGPX placements attract highest package of Rs 82 lakh a year

This is a tad higher than last year's top figure; no international offers made second year on the trot

IIM-A's 2021 PGPX placements attract highest package of Rs 82 lakh a year
Updated On : 27 Sep 2021 | 9:43 PM IST

IIT-Guwahati: Average package in campus placements higher than last year

The average salary package offered to students at IIT in Guwahati during campus placement has increased as against the previous year, despite challenges posed by the Covid-19 pandemic

IIT-Guwahati: Average package in campus placements higher than last year
Updated On : 20 May 2021 | 6:22 PM IST