Page 6 - Salary

61% of workforce comfortable sharing pay details with family member: Report

Your salary slip may be a confidential document but a report has revealed that 61 per cent Gen Z professionals are more comfortable sharing their pay details with a family member. While 61 per cent Gen Z are comfortable sharing their pay details with a family member, 23 per cent professionals of this generation are ready to share the details with their close friends, according to LinkedIn 'Workforce Confidence Index'. LinkedIn Workforce Confidence Index is based on responses of 4,684 professionals, from June 4-September 9, 2022, in the country. The report further revealed that around 72 per cent of Gen Z and 64 per cent of millennials in India are comfortable sharing their pay information with family members, while 43 per cent of Gen Z and 30 per cent of millennials are also willing to confide in their close friends. It also finds that Gen Z professionals are most likely to share their pay information with co-workers they trust (23 per cent), distantly followed by millennials (16 p

Double-digit salary hikes return as Aon survey pegs 10.4% for 2023

Study also found actual hikes in 2022 were 10.6% as against its previous projections of 9.9% in Feb 2022, the highest since 2012

SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

Loss making airline is currently operating less than half its flights, following a July 27 DGCA order brought on by a spate of incidents

TCS changes its hike structure, does away with anniversary hikes

The changes come at a time when the industry is seeing demand constraints from its majority market and budgets are under pressure and deals are taking time to close

Alliance Air pilots go on strike over salary, demad pre-covid level pay

A section of pilots of Alliance Air went on strike on Friday over salary issues, resulting in the cancellation of some flights, according to sources. Alliance Air, which is owned by the government, operates ATR planes. As per its website, Alliance Air connects 48 destinations within India with 100 departures per day. Pre-COVID, the airline was flying to 62 destinations. The sources said a section of the pilots has gone on strike, protesting against salary issues. One of the demands is the restoration of pilots' salaries to the pre-COVID level. In the wake of the pandemic, the salaries were cut by 60 per cent and till now, the pay has not been fully restored, one of the sources said. According to the sources, the management will be soon discussing the issues related to the salaries of pilots. When contacted, an Alliance Air spokesperson said the airline will be issuing a statement soon. The carrier has 18 ATR 72-600 aircraft in service.

Employees will get 100% variable pay for June quarter, no delay: TCS

So far, more than 90 per cent of TCS employees have received the variable payout, according to the largest software exporter in India.

Twitter tells employees bonuses could halve, based on performance: Report

Challenges for Twitter include advertisers' uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase

IT services companies' salary costs growing faster than revenues

The six IT services firms, on average, earned net sales of around Rs 38 lakh per employee in FY22, up from Rs 33.5 lakh in FY17 and Rs 37.3 lakh in FY20

HUL, ITC, and USL now have 432 officials earning more than Rs 1 cr a year

In the last fiscal, FY22, the number of such executives rose by 33 per cent, 44 per cent and 113 per cent in HUL, ITC and USL, respectively

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form

Number wise: Hike in MLA salaries outstripped growth in common man's income

Delhi lawmakers just gave themselves a salary hike, joining counterparts in widening the gap with their voters' income

New Zealand Cricket to pay men, women equally: Where does India stand?

Top-grade international male cricketers get Rs 7 crore annual salary; women get Rs 50 lakh

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

Jamia Milia can't take court's shield to get money from UGC: Delhi HC

The high court, however, said when all other officers, including the vice chancellor and registrar of the varsity, are getting salaries, why not the concerned teacher.

Chile: Man, who got paid 286 times his salary, resigns and disappears

To retrieve the money, the company has now reached out to various agencies and registered a complaint against the employee

ICA welcomes BCCI's decision to double pension of former cricketers

The Indian Cricketers Association (ICA) expressed their "immense gratitude" towards BCCI for increasing the pension of former Test and first-class cricketers along with retired umpires

TCS CEO Gopinathan's salary up 26.6% in FY22, firm rejigs business groups

Average annual salary increase for TCS employees was in the range of 5-8 percent in India, says annual report.

Senior executives in India may get 8.9% salary hike in 2022: Report

Salaries of senior executives in India have increased 8.9 per cent in 2022 from 7.9 per cent in 2021, a report said

Microsoft to 'nearly double' budget for salary hikes to retain employees

Microsoft's salary package is composed of base salary, bonus and stock. The changes will apply to a substantial part of the company's workforce, which stood at 181,000 as of June 30, 2021.

Bharatpe CEO apologises for salary remark; firm says March salary paid

A Bharatpe employee in a Linkedin post had raised the matter of termination of administrative staff and non-payment of salaries, which attracted responses from Grover and CEO Sameer