Pay Hike

Toyota agrees to biggest wage hike in 25 years in sign of big pay bump

Toyota, the world's biggest carmaker and traditionally a bellwether of the annual talks, said it agreed to the demands of monthly pay increases of as much as 28,440 yen ($193) and record bonus payment

Paving way for end to negative rates, Japan Inc to offer big wage hikes

Unions across industries, including automobiles, electronics, metals, heavy machinery and the service sector have all demanded hefty pay hikes.

Bank of Japan leaning toward exiting negative rates in March: Report

Upon ending negative rates, the central bank is also likely to overhaul its massive stimulus programme that consists of a bond yield control and purchases of riskier assets, they said

Companies expected to dole out 10% average salary hike this year: Survey

Companies in India are expected to dole out an average of 10 per cent salary increase this year, with automobile, manufacturing and engineering sectors anticipated to witness the highest hikes, says a survey. In 2023, the average salary hike was 9.5 per cent, according to consultancy firm Mercer's Total Remuneration Survey (TRS) released on Tuesday. "This trend showcases India's strong economic performance and its growing appeal as a hub for innovation and talent. Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases, highlighting the competitive nature of these sectors," it said. The survey, conducted between May and August 2023, gathered data from 1,474 companies, covering more than 6,000 job roles and representing more than 21 lakh employees. It focused on salary trends across various industries, with individual performance, organisation performance and position in salary range being the ..

IBA signs MoU with unions on pay revision; okays 17% hike for 5 years

The parties will endeavour to finalise the bipartite settlement within 180 days from the date of this minutes

7th Pay Commission: After central govt, several states announce hike in DA

Several state governments announced a hike in DA by 3 to 4 per cent after the centre announced the decision for its employees last month. Here are the state-wise details about the DA hike

IT sector companies defer hikes, lower increments amid slow growth

Wipro has postponed salary hikes, while Infosys and HCL opt not to implement raises

CEOs got a 9% salary hike in 2022. What about workers?

Samsung cuts pay hike to average 4.1%, freezes raises for board members

Both parties hammered out the compromise, taking into consideration the external headwinds that caused the quarterly profit to plunge nearly 96 per cent in the first quarter

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

EasyJet averts cabin crew strike in France as it clinches deal with unions

Concession highlights continued pressure on easyJet and airlines to agree better terms and wages to retain staff and avert more labour strife after months of disruption since the end of Covid lockdown

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

CEOs of Indian companies get nearly 4% compensation hike in FY22

According to members of nomination and pay committees of several blue-chip corporations, there is a growing trend of linking CEO salaries to results and performance

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

Pilots with Germany's Lufthansa back possible strike over pay dispute

The Vereinigung Cockpit union is calling for a 5.5% pay increase this year and an automatic adjustment for inflation starting next year.

Institutional investors pushing back more on top executive pay hikes

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

TMS Ep175: IT pay hike, 5G & 6G launch, markets, Places of Worship Act

Will higher pay be the new norm in IT sector? Are we prepared to roll out next-gen mobile networks? Has the crash in mid, small-caps bottomed out? What is Places of Worship Act, 1991? Answers here

Average pay hike likely to be at 8%-12% in 2022, says report

Startups and new-age corporations, together with the unicorns, are set to lead this trend with a commonly estimated hike of 12 per cent, it added

UK health workers to receive 3% pay rise in accordance with NHS body

The UK government said on Wednesday that it will back NHS by providing a 3% salary uplift to health workers in full accordance with recommendations of NHS independent pay review bodies

India Inc likely to offer average salary increment of 7.7% this year

E-com, venture capital-backed firms to give best raise at 10.1%: Aon survey