Articles for Compensation and Benefits

ZingHR To Provide Increments, ESOPs, And Promotions To Its Employees

ZingHR has rolled out annual increments in the range of 15-40% and even awarded out-of-turn promotions to 15-25% of their employees.

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Offshore Staffing Firm Entigrity To Provide One Year- Salary As Bereavement Support

Shalin Parikh, President, and CEO, Entigrity Group, said, “ With the new policy we extend our support to our employees and we hope that it would work as a relief for the bereaved family members in the time of grief and uncertainty.”

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HUL Chairman Sanjiv Mehta's Remuneration Reduced By 21% In FY21

His pay fell to Rs 15.36 crore this year as compared to 19.42 crore in FY 2020. The average increase in salaries of the employees other than managerial personnel for FY21 was 3.4 per cent, HUL said.

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ESIC reports 12.24 lakh new members joined in March 2021

ESIC is running social security scheme, which shows a rise in the number of members joining. For March, ESIC observed around 12.24 lakh new members as against 11.77 lakh in February.

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NEC India commits INR 10 crores towards COVID-19 relief initiatives

The NEC India COVID Task Force is supporting employees and their families across India

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State Bank of India to provide Performance Linked Incentives; 2.5 lakhs employees to be benefited

As the bank reports an annual growth in operating profits, the staff get PLI as per the wage agreement

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Tata Steel to continue paying salaries till retirement to family of COVID-deceased employee

Tata steel takes a one-of-a-kind step by launching a social security scheme for its employees where the family of a deceased employee will continue to receive the salary. Additionally, the company will bear all the housing and educational expenses of the family.

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Volvo India to cover term insurance of up to 10 lacks to help employees at its dealerships

According to a statement issued by the company, under any unfortunate demise of the employee, the family will receive compensation up to Rs 10 lakh

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