Page 2 - Salary

Google revamps salary structure; to boost bonus for top performers

Google to overhaul pay structure, boosting rewards for top performers while trimming bonuses for mid-tier staff to drive productivity

Cognizant CEO Ravi Kumar's annual pay up 11% at $16.1 million in 2024

The board said it has full faith in its chief executive as he tries to steer the company from years of underperformance to his stated goal of becoming one of the top four IT services players by 2027

IIM Mumbai pulls 100% placement for 2025 batch, top salary Rs 47.5 lakh/yr

The Indian Institute of Management (IIM) Mumbai on Wednesday said it has secured a 100 per cent placement for students of the 2025 batch with the highest salary package touching Rs 47.5 lakh per annum (LPA). The overall number of job offers has seen a remarkable increase of more than 10 per cent compared to the previous year, while the average salary package was higher by 5 per cent, IIM Mumbai Director Prof Manoj Tiwari told reporters. A total of 198 companies participated in the placement process, with the top 10 per cent of the batch securing an impressive average salary of Rs 47.5 lakh. The top 20 per cent and top 50 per cent of students received an average salary package of Rs 41.2 lakh and Rs 34.1 lakh per year, respectively, he said. This year, there was notable growth in hiring across multiple sectors, with the pharmaceutical and healthcare segment witnessing a 130 per cent increase in offers, driven by the industry's rapid expansion and rising demand for innovation, ...

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

Global Capability Centers salaries poised to grow 9.8% over next 12 months

The strong salary growth spans across junior and mid-level roles, fueled by demand in fields like AI, ML, Cloud Computing, and Cybersecurity

Median salary of women job seekers in Tier-II & III cities up 34% in 3 yrs

Maximum female participation witnessed across job departments such as sales and business development, marketing, admin & back office, customer support, among others

Will Byju's employees ever get their unpaid salaries? What CEO has to say

Byju CEO Byju Raveendran assures unpaid employees that salaries will be cleared 'not immediately, but eventually', as staff struggle with three months of unpaid wages and financial uncertainty

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

60% of Indian employers plan to use AI for salary benchmarking, rewards: EY

India Inc. expected to witness average salary increase of 9.4% in 2025, says wide-ranging report

Lower salary earners spending on essentials, debt servicing: Report

A Perfios-PwC India report shows higher salary bands are allocating a significant portion of their income toward obligatory and discretionary spending

Meta cuts down stock options for staff despite trading at record highs

In January, the Facebook parent said it would trim about 5 per cent of its "lowest performers" and plans to hire for the impacted roles this year

Earning individuals in India spend over 33% of monthly salary on EMI: Study

A significant 62% of discretionary spending is directed toward lifestyle products, including fashion and personal care items.

Amid global uncertainty, salaries in India to rise by 9.2% in 2025: Aon

Salary increments are also projected to vary across industries with engineering design services and auto/vehicle manufacturing budgeting for the highest pay increases

Income Tax Bill 2025 to replace 1961 Act, introduces concept of 'tax year'

Deductions from salaries, such as standard deduction, gratuity, and leave encashment, have now been consolidated in one section instead of being scattered across various sections

Union Budget 2025: Middle class awaits Sitharaman, memes take over

As Nirmala Sitharaman prepares to present Budget 2025, the middle class waits for relief - but the internet's faster, with memes stealing the spotlight before the budget drops

Payday surprise: Chinese company swaps salaries for gift vouchers instead

A Chinese firm has sparked outrage after paying employees in gift vouchers instead of cash. The move, which offered vouchers for use at select stores, has triggered an investigation

Govt approves 8th Pay Commission ahead of Budget 2025: What we know so far

The current pay commission, which helps determine govt employee's salaries, allowances, and pensions, is set to end in 2026

Salary, wage expenses growing faster than revenues for India Inc

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

Tax filers earning over Rs 1 cr surge 5X in 10 years; returns double

Salaried individuals account for nearly 52 per cent of those declaring income exceeding Rs 1 crore in the most recent assessment year, according to data released by the tax department

Corporate India expected to maintain 9.5% salary increase in 2025: Survey

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist