As per reports, employees received only 20-40% of the expected variable pay for the quarter
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The walkout, which began on 13 September, involved over 30,000 unionised employees and caused significant delays in production at the aerospace giant's facilities
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This announcement benefits 3,939 employees with a total disbursement of ₹5.72 crore in bonuses
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While compensation remains the top HR challenge in 2024, only 34% of organisations have designated it as a priority investment
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The UP government has confirmed that approx 1.8 million state employees will receive their October salaries by 30 October. Similarly, the Bihar government has declared that around 8 lakh employees will start receiving their salaries from 25 October
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This comes amid growing concerns about IT firms delaying the onboarding process for new hires, sometimes for up to two years
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As per WTW's survey, around 46% of companies in India expect that their salary increase budgets for 2025 will be similar to 2024, while 28% say that the budgets are likely to be lower than projected
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The company expects the wage hikes to have minimal impact on its operating margins during the December quarter
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This bonus, equivalent to 30 days’ emoluments, applies to Group ‘C’ employees and non-gazetted Group ‘B’ employees who are not part of any productivity-linked bonus scheme
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Sharing his experience on Reddit, Shreyas revealed that he soon realised that his boss expected him to work overtime without any extra compensation, dismissing work-life balance as a "fancy term" and “western developed nation behavior"
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