Page 8 - Salary

Aon Survey projects 9.4% avg salary increment in 2022, up from 8.8% in 2021

The top three sectors with the highest salary increase projected for 2022 are technology, e-commerce, and IT-enabled services

Google employees who WFH could lose money; FB, Twitter also cut pay

It is an experiment taking place across Silicon Valley, which often sets trends for other large employers

Private schools report 20-50% dip in revenue; 55% teachers faced salary cut

With Covid pandemic, majority of private schools across the country have reported a 20-50 per cent decrease in revenue, leading to reduction in teachers' salaries at some of them

High-paid jobs saw salary hike during Covid-19 lockdown, says PLFS

The Periodic Labour Force Survey for 2019-20 has found that average salary of those in the regular wage/salaried status actually rose by 5 per cent in the lockdown period from the previous quarter

Almost 92% casual workers didn't get wages during lockdown: SWAN survey

The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them

Vedanta to pay salary till retirement to kin of employees dying of Covid

Metal-to-oil conglomerate Vedanta will families of any of its employees dying of COVID, the last drawn fixed salary till the notional date of retirement

65 foreign doctors at AIIMS unpaid for a year, says hospital association

The Resident Doctors Association of AIIMS said that 65 foreign nationals, including those from Nepal, training at the institute have not received their salaries

Sustainability over salary for Indians amid Covid-19 pandemic: Study

Firms risk losing talent to more environmentally sustainable peers amid changing consumer sentiment

Aon Survey projects 6% salary hike in 2021 for senior executives in India

Study analysed 504 firms from over 20 industries. Variable pay plus LTI as a percentage of total compensation is 52% of CEOs in India compared to 87% in the US

UK's richest woman gets $648 million in salary from betting empire

Her salary of 421.2 million pounds from the closely held British firm makes her one of the world's best-paid bosses

Car buyers in India moving up value chain despite salary cuts, job losses

Maruti Suzuki India (MSIL), the market leader, has seen the contribution of mid- and top-end variants as the percentage of a model's sales mix goes up

Best of BS Opinion: The missing foreign bogey, income volatility, and more

Here's a selection of Business Standard opinion pieces for the day

Srei Infra company secy resigns; 180 exits since Dec after salary caps

Equipment finance NBFC Srei Infrastructure Finance Ltd on Saturday said its company secretary Sandeep Kumar Lakhotia has resigned. The move comes following the salary cap imposed on the company by its lenders amidst pandemic-induced stress on its business. The company, when contacted, said around 180 employees have exited since December last year. "We wish to inform you that Sandeep Kumar Lakhotia, Company Secretary of the company has resigned from the position of Company Secretary & Compliance Officer of the company," Srei Infrastructure Finance Ltd said in a regulatory filing. Lakhotia will be relieved with effect from the close of working hours of 20th March, 2021, Srei said. "The company shall be shortly appointing a new Company Secretary & Compliance Officer and the same shall be intimated to the Stock Exchanges in due course," it said. In the interim, Ekta Agarwal, Deputy Company Secretary of the company shall be in charge of the compliance function, it added. The ...

DU teachers go on strike over non-payment of salaries for past 6 months

Thousands of Delhi University teachers went on a strike on Thursday to protest non-payment of salaries for the past six months

India Inc figures out new salary structures to meet labour codes

The new definition under the Code of Wages, 2019, includes three components: Basic pay, dearness allowance and retention payment.

Decoding 15th FC's estimate of mismatch in two sets of salary income data

The Commission asserts salary incomes shown by taxpayers are understated by 50%, finds scope to extract more direct tax by chasing evasion without changing tax rates; experts aren't convinced

Average stipend payout likely to witness 3% growth in 2021: Report

The average stipend payouts for apprentices, which witnessed a positive growth in 2020 despite pandemic-related disruptions, are expected to rise over 3 per cent in 2021, according to a report. Despite the disruption caused by the pandemic, the average stipend payouts for apprentices had witnessed a growth in 2020 and this positivity is expected to continue even in 2021, according to the report titled 'Stipend Primer' by the National Employability Through Apprenticeship Programme (NETAP), a TeamLease Skills University. The average stipend payout is expected to witness more than 3 per cent rise this year, it added. The report is based on the stipend earnings between January 2018 and October 2020 across 1,50,000 NETAP apprentice associates employed in organisations across 12 cities. As per the report, in the manufacturing sector, apprentices in the electrical & electronics and healthcare & pharmaceuticals industries saw a positive 2020. Apprentices in the electrical & ...

Third of oil, gas workers faced pay cut in 2020 due to Covid-19: Survey

Salaries in the sector are closely tied to oil prices, which plummeted last year as lockdowns slashed demand for fuel

G20 determined to use all tools to contain pandemic, save jobs, incomes

A final joint statement will be released by leaders from the United States, China and other Group of 20 nations after they meet by video conference on Saturday

Maharashtra transport employees to get pending salaries before Diwali

In a big relief for employees of the Maharashtra State Road Transport Corporation (MSRTC), the government on Monday decided to disburse their pending salaries for two months before Diwali