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Latest Articles in Compensation and Benefits

What Is Swiggy's 'Paw-ternity' Policy For Employees?

This progressive policy grants employees an additional paid day off, in addition to their standard annual leave entitlement, to help them accommodate their pets into their homes. It will also introduce bereavement leave for employees who experience the loss of a beloved pet

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Average CEO Compensation Stands At Rs 13.8 Crore: Report

As per the report, this figure is up by 40% compared with pre-COVID-19 levels

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SIDBI Partners With KarmaLife For Micro Loans To Gig Workers

This streamlined process will make it easier for gig workers to manage liquidity needs of their enterprise activities

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Salary Hikes In Senior Level Job Moves, Expected To Reach Average 20%: Survey

Notable surge in the need for professionals skilled in data analytics, generative AI, and machine learning across various sectors

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Pilot Compensation Dispute Sparks Flight Cancellations At Vistara

Recent reports indicate that at least 15 senior first officers resigned due to disputes over pay revisions. Some pilots are discontent with the airline's new contract, which reduces their compensation

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Wage Revision, Pension Liability Increases Cost-To-Income Ratio Of PSBs: Report

A CareEdge ratings report cites heavy expenditure on technology, branch expansion, wage revision and pension liability as some of the reasons for the increase in the cost-to-income ratio

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McKinsey Offers Staff 9-Month Severance Pay To Quit: Report

Managers within the UK division have been presented with the option of dedicating up to nine months to a "job search" period. During this time, they are permitted to focus on exploring new job opportunities without the obligation to participate in client projects, as per reports

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XYXX's Announces ESOP Buyback Programme

The programme currently includes employees spanning from senior managers to heads of departments as well as executive leadership

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Rule On Timely Payment To MSMEs Comes Into Effect From Today

Certain MSMEs, particularly those in the textile industry, fear that the implementation of this new rule could affect their relationships with suppliers and buyers

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Amazon Halts Base Pay Raises For Several Senior Staff

This decision stems from a substantial surge in Amazon's stock prices, which have surged by over 75% in the past year. While the increase in stock prices typically results in higher overall earnings, it also gives the reason to refrain from increasing cash-based salaries

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