Articles for Compensation and Benefits

Govt Approves VRS For Group C Employees

A permanent employee who has reached the age of 45 may seek voluntary retirement under the scheme by submitting a written request to the appointing authority

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KPMG Freezes Pay Of 12,000 UK Employees Amidst Economic Slowdown

Reportedly, company executives informed their employees that they would not receive a pay increase this year unless they were promoted

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ANZ Bank To Cut Bonus For Low Office Attendance

ANZ employees' annual performance reviews and bonuses will be linked to presence in office

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Vroom Grants Equity Incentives To Enhance Employee Retention

The company's inducement plan includes 96,925 shares reserved for eleven recent hires, which will vest over a three-year period if the employees stay with the company

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Paralysed Employee Entitled To Full Pay: Allahabad HC

The court reiterated that individuals suffering from paralysis would be classified as persons with disabilities under the Act and will be entitled to full compensation during their medical leave

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Bihar Govt Raises DA By 4%

Employees in the state currently receive a 42% DA which has been increased to 46% under the 7th Pay Commission

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Men In India Report 7.2% Increase In Pay Last Year, Compared To 7% For Women

According to the report, Indian men and women expect their pay to increase by the same rate (8%) in the next 12 months

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Infosys Employees To Get 80% Variable Pay

The company announced this in an email to employees from the human resources team stating that the variable pay rollout follows "good performance" in the June quarter of FY24

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