Salary Increase

India's average salary hike likely at 8.8% in 2025: Deloitte report

As Indian companies are focused on optimising compensation cost budgets while navigating global and local headwinds, the average increment is expected to be at 8.8 per cent in 2025, Deloitte India said in a report on Friday. Pay increases for 2025 are forecast at 8.8 per cent (compared with 9.0 per cent in 2024), Deloitte India's report - 'Deloitte India Talent Outlook 2025' - said, adding that 75 per cent of companies will either reduce or keep their pay increases the same as last year. Further, the report revealed that while most sectors will keep the increment growth stable or moderately lower than the previous year, the consumer products sector expects a significantly lower increment budget. "In an environment where companies are witnessing muted revenue growth, compensation budgets are naturally coming under pressure. Controlled attrition and moderate inflation are helping companies optimise pay increases without adversely affecting talent outcomes. However, we expect the focus

Cognizant confirms on-time salary hikes, merit increases in August

Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in mid-March. "Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company said. The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added.

Lower salary earners spending on essentials, debt servicing: Report

A Perfios-PwC India report shows higher salary bands are allocating a significant portion of their income toward obligatory and discretionary spending

IT companies likely to roll out 3-6% hikes this year, say HR experts

According to reports, the IT attrition rate for this year is expected to be around 12-13 per cent

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

Despite gruelling hours, 'golden handcuffs' keep Nvidia staffers in place

Under the helm of co-founder and CEO Jensen Huang, Nvidia's philosophy is crystal clear: 'If you want to do extraordinary things, it shouldn't be easy'

TCS, Infosys, Wipro see salary bills surge even as revenue growth slows

Lateral hiring in high-demand sectors like artificial intelligence (AI), machine learning (ML), cloud, and engineering services are the reason behind the surge

Salaried workers' real wages dropped between 2012 and 2022: ILO study

The average real monthly wages of a regular wage worker dipped to Rs 10,925 in 2022 from Rs 12,100 in 2012

TCS likely to offer 7-8% average salary hike to offsite employees

TCS' attrition rate has been normalising, standing at 13.3 per cent for the third quarter of FY24, down from 14.9 per cent in the previous quarter

Deloitte pegs average corporate salary increment in India at 9% in 2024

Companies are likely to offer double-digit increments to junior management

Woman asks for 45 LPA after 4 years of experience, CEO response goes viral

Vanshiv Technologies CEO's tweet went viral when a woman with four years of experience asked for 45 LPA. CEO says we'll have to apply for a loan to hire her

Wipro to roll out merit salary increases, effective by December 1

Wipro delayed the announcement by a quarter reportedly due to macro headwinds and margin pressure

Infosys to begin fresh appraisal cycle; last year hikes still pending

Citing macroeconomic conditions, many IT companies have opted to hand out small increment or defer salary hikes this year

IT sector companies defer hikes, lower increments amid slow growth

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

Salary, fee or business gains? Type of moonlighting income decides taxation

The taxman, unlike your employer, knows about your moonlighting income via TDS, so disclose it accurately

Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report

The rising trajectory of private corporate wage bill appears structural, having grown from around 9 per cent of GDP in FY12 to around 13 per cent in FY22

Indian firms dole out double-digit hikes, most employees satisfied

A fraction of employees surveyed even got hikes up to 20-25 per cent for their exceptional performance

Salaries in India to rise 10% in 2023, highest in Asia-Pacific: WTW report

China is projected to see a salary hike of 6%, Vietnam at 8%, Indonesia at 7%, Hong Kong at 4% and Singapore at 4% in 2023

Half of Indian firms may offer double-digit salary hikes in 2023

Of the 1,400 companies surveyed across 40 industries, 46% of organisations are expected to give double-digit salary increases in 2023

Asha workers' indefinite strike enters 3rd day in J'khand over salary hike

The indefinite strike by 'Asha' workers in Jharkhand entered the third day on Wednesday as they stuck to their charter of demands, including a hike in their remuneration. Health services, such as immunisation, antenatal and post-natal check-ups in rural areas, have been adversely impacted as more than 42,000 Accredited Social Health Activists (Ashas) joined the agitation, an official said. Sahiyas, who help mobilise the community and facilitate access to health and health-related services in rural areas, warned of intensifying the stir if their demands are not met. The 'Asha' workers have been staging demonstrations at primary and community health centres of the state and participated in rallies at block levels. Jharkhand Pradesh Swasthya Sahiya Sangh (JPSSS) secretary Maya Singh said, We will not have any alternative option but to intensify the agitation if no one pays attention to our demands." She said the association has been demanding that the remuneration be increased to at