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Latest Articles in Compensation and Benefits

STL Cuts Salaries For Nearly Half Its Workforce By 15-25%

Reportedly, the compensation cuts are part of a strategic reorganisation effort targeted at operational savings and long-term growth

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ASHA Workers Demand Higher Wages & Recognition

The workers want a combined compensation instead of rewards for various jobs and also seek recognition as state employees for their participation in numerous health and development projects

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SpiceJet Delays Salaries, Halts EPFO Deposits

As per reports, more than 75% of employees have received their salaries and pension fund deposits will be made in the 'near future'

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Haryana Workers To Join 'Bharat Bandh' Protest

Protesting farmers, trade unions and government employees are demanding the abolition of the old pension scheme, the formation of an eighth pay commission, the launch of recruitment drives for permanent positions and the regularisation of contractual employees

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Classplus Initiates ESOP Buyback For Over 150 Employees

This is the second buyback announcement by the company in just 6 years since inception

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EPFO Hikes Interest Rate To 3-Year High At 8.25% for FY24

In March 2023, EPFO raised the interest rate to 8.15% for 2022-23, up from 8.10% in 2021-22

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Rainmaker Addresses Inclusion Of Menstrual Leave Policies

Titled "The New Era of Leave Policies: Do We Need the Period Leave?", the webinar provided a platform to dissect the discourse around menstrual leave and its relevance within organisational leave policies

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Delhi HC Slams MCD Over Salary Delays

The bench emphasised in its order that the need to pay wages, pensions and arrears in accordance with the seventh pay commission is a statutory duty

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Lufthansa Ground Staff On Strike Amidst Wage Negotiations

The staff, represented by the Ver.di union is negotiating a 12.5% salary increase for over 25,000 employees and is on strike for 27 hours forcing more than 1 lakh travelers to rearrange

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TCS Links Pay Hikes & Promotions To Return-To-Office Mandate

This move comes as TCS is reportedly compelling staff to return to the office for the whole workweek, terminating remote work options for certain teams

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