Page 5 - Salary

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

Indian jobseekers value flexibility over salary, finds Indeed survey

Work flexibility is the most crucial parameter for Indian jobseekers, much more than compensation and benefits, according to a survey by global job site Indeed. As per the survey, 71 per cent of jobseekers chose flexibility as the top parameter. This includes ability to work from home, set your own hours, and take breaks as needed. The survey 'The Job Search Process: A Look from the Inside Out' aims to gain insights into the preferences, challenges, and aspirations of jobseekers amidst global economic shifts. This survey, conducted in May 2023, captured insights from 1,810 individuals, consisting of 561 employers and 1,249 jobseekers. The research was conducted by Valuvox on behalf of Indeed. Around 70 per cent of Indian jobseekers consider work modes, such as hybrid or remote work arrangements, and 69 per cent factor in the proximity of the job location. As per the survey, 67 per cent of jobseekers consider the compensation offered, including the salary, benefits, health insuranc

Air India revises salaries, designations of non-flying India staff

Performance-linked variable component introduced in their salaries: CEO

Ad-hoc workers in Pak to protest over non-payment of salaries: Report

Ad-hoc workers have decided to protest at Prime Minister's Secretariat over non-payment of salaries for the past 18 months, reported Pakistan vernacular media

Bengal education dept orders to stop paying salaries to Guv appointed V-Cs

The tension between the state govt and the Governor House started mounting soon after the Governor, by virtue of being the chancellor of all state universities, appointed vice-chancellors

China's top investment bank CITIC cuts base salary by up to 15%: Report

The country's top investment bank by market value has also yet to pay bonuses to bankers for work done last year, the two sources close to the matter said

Share of salaried women workers declines to 2-year low in March quarter

Though the share of women in primary sector employment which includes agriculture and allied activities declined in the March quarter, it still remained elevated at 9.3 per cent

Temasek cuts pay of staff after failed investment in crypto exchange

The sovereign wealth fund also said it was "disappointed with the outcome of our investment, and the negative impact on our reputation"

Salary details now part of most job postings in India, Delhi leads

Pay transparency has grown the fastest in high-wage occupations like finance, engineering and mathematics

Air India pilot unions end protest on new salary contracts, service rewards

The change in stance from unions comes as Air India stepped up efforts to attract pilots from Go First that temporarily stopped operations last week

Money-happiness link accelerates at nearly $100,000-a-year salary

Scientists debunk theory that the relationship starts to 'flatten' beyond an income of $60,000 per annum

Explainer: Are you eligible to opt for a higher pension from EPS?

What happened in the 2014 amendment? What did the Supreme Court say in its judgement? And above all, are you eligible for the scheme? This explainer tries to answer all these queries

Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates

On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA

Without salary for over a yr, HEC employees seek redressal, may move court

Around 1,300 staff of Heavy Engineering Corporation (HEC), the PSU that some years ago built a launch pad for ISRO, have not been paid their salaries for over a year forcing them to live in penury, and now they have threatened to move court if the issue is not addressed soon. The employees alleged that because of this situation, they are unable to pay their children's education fees or treat ailing family members properly, and some of them including officers have started selling fruits or tea to make both ends meet. Workers and officers of the Ranchi-based PSU have formed a combined forum, HEC Adhikari Evam Karmachari Jankalyan Sangh, to fight the battle. Its president Prem Shankar Paswan told PTI that they have drawn the attention of President Droupadi Murmu, Prime Minister Narendra Modi, Chief Justice of India D Y Chandrachud, the NHRC and others to their plight through emails on January 23. If our problem is not resolved soon, we will have to move court in February, Paswan ...

Best of BS Opinion: Balance of powers, the growing divide, and more

Here is the best of Business Standard's opinion pieces for today

India Inc likely to see 9.8% hike in salary in 2023, finds survey

The survey that covered 818 organisations with more than 800,000 incumbents noted that salaries are set to increase by 9.8 per cent in India in 2023

No proposal for restoration of old pension scheme: Bhagwat Karad

There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday. Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last drawn salary as pension. However, the pension amount is contributory under the National Pension System, which is in effect from 2004. In a written reply, Karad said, the state governments of Rajasthan, Chhattisgarh, and Jharkhand have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their employees. The government of Punjab on November 18, 2022 has issued a notification regarding implementation of the OPS for the state government employees who are presently being covered under the NPS. "The state governments of Rajasthan, Chhattisgarh, and Jharkhand, have sent ...

Salaried jobs recover

Salaried jobs declined from 86 million in September 2022 to 84.7 million in October

World Thrift Day 2022: 5 simple ways you can adopt to become a better saver

On this World Thrift Day 2022, we speak with experts on ways a salaried person can increase their savings