Page 2 - Salary

India Inc to offer avg salary hike of 6.2-11.3% across industries: Report

Corporate India is expected to dole out average salary hike in the range of 6.2 per cent to 11.3 per cent this fiscal, as employers are reshaping their workforce strategies by focusing more on skill certification and incentive-led engagement, a report said on Tuesday. According to the TeamLease Services - Jobs and Salaries Primer 2025-?26 report, the average salary hikes is projected to be in the range between 6.2 per cent and 11.3 per cent across industries, while some role-level salary increments are expected to reach up to 13.8 per cent. "The projected salary growth, ranging from 6.2 per cent to 11.3 per cent, signals a broader realignment in India's job and wage landscape. As new-age industries scale rapidly, demand is shifting toward roles that combine technical capability with immediate business impact," TeamLease Services CEO - Staffing, Kartik Narayan said. The report, based on inputs from 1,308 businesses across 23 industries and 20 cities, noted that the highest salary ...

Wipro yet to decide on salary hikes, cites weak demand environment

Wipro delays salary hike decision amid global uncertainty and subdued demand; attrition rises to 15.1% and hiring remains cautious despite higher variable payouts

WII threatens of pay freeze for Yoga Day absence, then retracts order

Wildlife Institute of India sparked outrage after warning staff of salary hold for missing Yoga Day, then retracted the directive, calling it a routine message amid rising employee concern

Meet Tesla's Indian-origin CFO who earns more than Satya Nadella, Pichai

Tesla CFO Vaibhav Taneja earned $139 million in 2024, surpassing the pay of Microsoft's Satya Nadella and Alphabet's Sundar Pichai

India Inc's combined salary and wage growth slows amid muted demand

The sample includes 25 companies that are part of the Nifty50 benchmark index or 26 if we include Bajaj Finance, a subsidiary of Bajaj Finserv which is also an index company

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