K Krithivasan, the chief executive and managing director of India's largest IT services company TCS, took home a remuneration of Rs 26.52 crore in FY25.
Of late, price hike has hit labourers hard with many of them going on strike in recent months to demand salary hike and better living conditions. The increase will benefit thousands of Indian workers in the country. Labourers at Jebel Ali and Sonapur labour accommodation said the news had brought them a lot of cheer.
While the Cabinet secretary, who can be equated to a CEO of a company, has been recommended a Rs 90,000 salary per month (over Rs 1 crore or Rs 10 million per annum), all others, despite the hefty hikes recommended will still earn less than Rs 1 crore a year.
Indian women still hesitate in asking for promotions and pay raises, unlike men, says a global survey on workplace habits by information technology giant.
Whether you are joining your first job or changing jobs, it is important to understand the difference between cost to company (CTC) and take home salary. It will help you in better negotiation with the HR and structuring your salary.
Employees in Latin America (86%), the Nordic region (84%),North America (79%) and South EastAsia (75%) are most likely to get a pay rise in 2013.
Job seekers, brace yourself for a tough 2013!
Rashtriya Janata Dal chief Lalu Prasad has threatened to lead a protest in support of the hiking of salaries and additional benefits of Members of Parliament.The Union Cabinet had deferred the decision on the proposed three-fold salary hike because there was no consensus.On Monday, Lalu Prasad slammed opponents of the raise as 'crorepatis' who were not aware of the ordinary Member of Parliament's plight. The proposal, pending since May 2006, seeks to hike MPs' salaries.
More than 7,700 senior professionals with over 15 years of experience have exited India's IT services firms -- TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Cognizant, and LTIMindtree -- over the past 12 months.
People with modest incomes can also build a crore-worthy portfolio by investing small amounts consistently, says Ramalingam Kalirajan, and shows how the magic of compounding works.
As per the survey conducted by professional networking website LinkedIn across eight countries, Indian professionals are the most confident people in career negotiations like asking for a raise or closing a business deal.
Any economy, which has to sustain a wage CAGR of 6-7%, slips into recession within 15-20 years.
The Karnataka legislative assembly on Tuesday passed bills enhancing the salaries and allowances of the chief minister, ministers and legislators.
The average salary hike of top-paid chief executive officers (CEOs) in four countries, India, the USA, the UK and South Africa, was 9 per cent, but the workers in these countries saw their salary dip by 3.19 per cent, an analysis by Oxfam on International Workers' Day on May 1 showed. Based on data from the International Labour Organisation (ILO) and government agencies, the analysis also showed that workers in these countries worked "for free" for six days last year because their wages lagged behind inflation. One billion workers in 50 countries took an average pay cut of $685 in 2022, a collective loss of $746 billion in real wages, compared to if wages had kept up with inflation, it said.
Hay Group, a global management consultancy, in its annual General Industry Compensation Report covering all levels of management, expects a pay increases of an average 11.2 per cent across job roles in 2013.
Much below expected 10-12%; experts say attrition might increase.
'You have become a big star. How can you play a secondary role to Meena Kumari?'
LTIMindtree's (LTIM's) December quarter revenue, at $1.139 billion, was up 1.8 per cent quarter-on-quarter (Q-o-Q) (5.6 per cent year-on-year or Y-o-Y) in constant currency (CC) terms, marginally ahead of expectations.
Infotech will see a mixed appraisal season.
The strike by the Maharashtra State Road Transport Corporation (MSRTC) employees for salary hike and other demands entered the second day on Wednesday, which continued to cripple the services and cause inconvenience to lakhs of passengers, especially ahead of the Ganesh festival.
Eighteen BJP MLAs were suspended for six months from the Karnataka Legislative Assembly for disrupting the budget session and disrespecting the Speaker. The incident occurred on the last day of the budget session, when the opposition BJP MLAs staged a massive protest over the allocation of a four percent reservation to Muslims in public contracts. The MLAs climbed onto the podium where the Speaker's chair is situated and threw papers at him.
Three days after announcing the reinstatement of the variable portion of staff salaries, Mahindra Satyam (earlier, Satyam Computer Services) has begun re-introducing other benefits, including employee stock option plans (ESOPs), beside giving promotions and salary hikes across different bands (grades).Mahindra Satyam, now treading a recovery path after it was hit by a big scandal involving its top management, had withdrawn variable pay in April this year.
The company is announcing changes, including higher compensation, that would benefit employees, Microsoft CEO Steve Ballmer said in an internal memo.
The pay hike comes as Google ramps up its battle with competitors, especially neighbouring Facebook Inc, in a fight to secure talented staff.
"Year-after-year, the IT companies remove and sack professionals and simultaneously hike their top executives' salaries in the name of fancied compensation based on variable pay and stock incentives," FITE general secretary AJ Vinod said.
Realty sector will witness a rise in salary by 25% in 2008, followed by telecommunications and energy sectors.
'Pravin Rao's commitment and contribution to the company has been immense, and his partnership over the past three years has been critical to the successes and growth of our company,' said Vishal Sikka, chief executive officer at Infosys.
Dear Finance Minister, We don't expect magic, just a little understanding and some tax relief that feels like a real reward, not a bare minimum. A little extra fuel in our wallets could go a long way, pleads Vatsal Ramaiya
Infosys added 10,997 employees (gross) in the last quarter of FY'14 and 39,985 during the fiscal to take its total headcount to 1,60,405 people.
"Based on the current economic environment and our focus on keeping costs in line with revenues, we have decided that providing annual salary increases would not be in the best interests of the company or our shareholders," Yahoo! spokesperson based in the US Kim Rubey told PTI in an e-mail.
Hewitt Associates, the global human resources services firm, says that Indians got the highest salary hikes in 2004 and the trend is likely to continue in 2005 too.
The name of former Miss Hong Kong Li Jiaxin means 'pay rise' in Chinese.
Unisys said it is exploring a wide range of cost-reduction options and that actions currently underway are expected to reduce its annual cost structure by more than $225 million. The cost-reduction actions -- led by new Unisys chairman and CEO Ed Coleman -- are part of an overall programme to simplify the company's business structure, concentrate its resources more effectively and drive improved market success and profitability, Unisys added.
Indian companies are expected to give an average 11 per cent salary hike this fiscal as firms increase their strategic spending, says a survey.
In far-reaching reform measures to the salary structure of an estimated 4.5 million central government employees, the sixth Pay Commission report submitted to the finance ministry today recommended an across-the-board effective salary hike of about 28 per cent, performance-linked increments, fewer holidays and a new medical insurance scheme.
India Inc has topped among its Asian counterparts when it comes to the monetary measures taken for retaining the right talent, while doling out highest salary hikes to its finance executives across the region. According to the CFO Asia magazine's latest compensation survey chief financial officers and other finance executives, CFOs as well as the second-tier finance executives in India got the highest pay hikes in Asia in 2007, while ousting Singapore, Hong Kong and China.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
