Salary

Salary, wage expenses growing faster than revenues for India Inc

The analysis is based on a common sample of 667 companies from BSE 500, BSE Mid Cap and BSE Small Cap Index excluding their listed subsidiaries

Tax filers earning over Rs 1 cr surge 5X in 10 years; returns double

Salaried individuals account for nearly 52 per cent of those declaring income exceeding Rs 1 crore in the most recent assessment year, according to data released by the tax department

Corporate India expected to maintain 9.5% salary increase in 2025: Survey

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist

Centre likely to announce 3-4% DA hike for employees ahead of Diwali

The potential increase in Dearness Allowance is expected to bring a financial boost to government employees

SpiceJet settles salary dues following successful Rs 3,000 crore QIP

SpiceJet's financial woes have been compounded by its inability to secure additional funding, resulting in defaults on lease payments for its aircraft

High-paying jobs in India: What does it take to get into that club

Why the best-paid professions in 2024 stand out compared to other more modest roles

Govt flags Rs 3.2 crore variable pay to IIM Rohtak director, seeks probe

The ministry's internal audit wing has flagged irregularities, stating that the IIM Rohtak director's pay exceeded 200% of his fixed salary, breaching standard practices

GCCs in India offer 12-20% higher tech salaries than IT services firms

Another 800 GCCs are expected in the next 5-6 years, boosting India's role as a global tech hub, with many in Tier-II cities like Kolkata, Ahmedabad, and Vadodara, promoting local employment

Rs 2.52 LPA for freshers, how Cognizant hikes salaries for existing employees

Imams of Delhi WAQF allege non-payment of salary, demand investigation

Government's substantial grant to the WAQF board has not helped in timely payments for the Imams

Amid Cognizant's 2.5 LPA freshers pay offer row, attention on CEO's salary

Amid the uproar over the low entry-level salary, attention has turned to Cognizant's CEO, who is the highest-paid in India with Ravi Kumar Singisetti receiving a staggering $22.56 million last year

Despite 20% lesser jobs on offer, starting pay in UK up 6.5% on year in May

The 6.5 per cent rise in advertised starting pay compared with a year earlier outstrips the 6.0 per cent rise in official wage data for the three months to April

Why the salary packs of top NBFC executives are on RBI's radar

Adherence to variable and deferred remuneration norms is under scrutiny

Air India announces salary hike, annual performance bonus for pilots

The new compensation structure, effective April 1, will see first officers and captains receive a monthly salary hike of Rs 5,000, while commanders' pay will be raised by Rs 11,000

Air India Express struggles with roster software, over 50 flights affected

The Tata-owned airline has been compelled to manually assign duties and organise schedules for its staff, affecting around 50 out of the 300 daily flights operated by the airline

Reduced flights impacting cabin crew salary: Air India Express union

The Air India Express Employees Union has claimed that more than 100 employees have not been able to work due to the unavailability of airport entry passes

Cash-strapped Byju's pays April salaries to all employees except sales ones

Last month, Byju Raveendran, the founder and chief executive officer of Byju's, secured a private debt of about Rs 30 crore to pay the March salaries of employees

Cash-strapped Byju's may pay salary to employees for April this week

Last month, Byju Raveendran, the founder and chief executive of Byju's, secured a private debt of about Rs 30 crore to pay the March salaries of employees

Byju's introduces revenue-linked salary policy for sales staff: Report

Base salaries of sales staff will be suspended while this policy is in place between April 24 and May 21

Here's how much Wipro CEO Srinivas Pallia is set to earn in the first year

Wipro's new chief executive officer (CEO), Srinivas Pallia, is set to receive up to $6 million in annual compensation during his initial year