March 27th, 2020Cognizant India will give two-third of its employees who are at the associate level and below in India 25 percent extra pay for April amid the COVID-19 outbreak.
November 27th, 2018Infosys is doubling pay packages for employees who successfully complete its new bridge programmes. These are programmes that help staff to shift from their existing job to one that demands higher skills.
The company expects this initiative will also reduce attrition at junior levels — the rate has been high in recent times at over...
October 26th, 2018Wipro has increased fresher salaries to Rs 3.5 lakh per annum, from about 3.2 lakh. Salaries of campus recruits had remained stagnant for many years across the industry.
“We are also introducing a coding test to improve the quality of hires. We are looking to roll out a broad-based national talent test to expand the reach of our...
April 14th, 2018Infosys, an Indian IT services, announced that it will increase the salary of a major portion of its 2 lakhs employees from “mid-single digit to high-single-digit”, starting April onward.
Moreover, the firm set aside a special bonus pool worth $10 million that employees will receive as incentives on their variable salary that has...
June 28th, 2017Reliance Industries boss Mukesh Ambani kept his annual salary capped at Rs 15 crore for the ninth year in a row and did not take any stock option even as the remuneration of most executive directors on the board rose.
Ambani, the richest Indian, has kept salary, perquisites and allowances and commission at Rs 15 crore since 2008-09,...
June 5th, 2017Wipro Chairman Azim Premji's pay package saw a huge 63 per cent fall at USD 1,21,853 (about Rs 79 lakh) last fiscal, with no commission being paid during the year.
The IT czar had drawn a larger compensation of USD 3,27,993 (about Rs 2.17 crore) in the previous fiscal.
Premjis package included USD 66,464 in salary and allowances...
April 29th, 2017Google's 44-year-old India-born CEO Sundar Pichai received nearly USD 200 million in compensation last year, double the amount he got in 2015.
Pichai received a salary of USD 650,000 last year, slightly less than the USD 652,500 he earned in 2015.
But the long-time Google employee, who was named CEO during the company's...
April 15th, 2017Infosys CEO Vishal Sikka, whose pay package was one of the contentions raised by the founders, has drawn USD 6.68 million (about Rs 43 crore) or 61 per cent of the promised compensation for the 2016-17 fiscal.
Sikka was eligible for a USD 11 million pay including basic salary, variable pay, restricted stock units (RSUs) and...
April 13th, 2017E-commerce major Snapdeal will shell out an average pay hike of 12-15 percent as it looks to assure employees amid the online marketplace scouting for a potential buyer.
According to sources, the pay revision will be effective from April 1 and will see salaries of employees at the mid and junior-level go up by an average 12-15...
April 5th, 2017Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
The sources, familiar with the group, declined to be named as the meetings...
April 3rd, 2017Backing Infosys co-founder N R Narayana Murthy's view on pay hike to COO U B Pravin Rao being "not proper," company's ex-director T V Mohandas Pai today said the salary in this case is "spectacular" but performance is not.
Alleging that Infosys' board was "misguided", Pai said the ""fundamental problem" was the pay hike given earlier...
