Wage Hike News
Want a payhike? Clear an exam first, LTI Mindtree tells staff
According to LTIMindtree employees, the competency exam is under a new framework called My Career My Growth, introduced last year for senior executives, and expanded to include more employees this year.
4 min read28 Feb 2025Big paydays for top talent in tech, consumer, lifesciences even as overall salary hikes moderate
The consulting firm estimates that salaries across industries will rise by 9.2% in 2025, a marginal decline from the actual 9.3% hike rolled out on an average in 2024. Aon pegs it on “global uncertainty and softening growth”. Interestingly, the firm had projected 9.5% hike for the year gone by.
3 min read20 Feb 2025Worker scarcity: Low-wage labour in India is crying out for a quantum leap in pay
As large employers like L&T express concerns about an urban shortage of workers, the role of freebies is being raked up. But this is just a side-story. Aspirations need to be stoked—through the offer of far better lives.
3 min read18 Feb 2025China and Russia lead wage recovery while rich economies lag behind, UN says
In its annual survey of wage developments, the UN said real wages are growing again, but remain below their prepandemic levels in many parts of the world even as they surge in China and Russia.
3 min read28 Nov 2024Wipro to hand out an average 8% salary hike to its top performers this year
Wipro spent ₹54,900 crore ($6.6 billion) as employee costs for the year ended March 2024, which made up 61% of the company’s full-year revenue of $10.8 billion. Wipro’s median remuneration to employees excluding whole-time directors increased 9.43% in the year ended March 2024.
3 min read17 Sep 2024Centre may raise national minimum wage ahead of Lok Sabha elections, panel recommendations awaited
The committee is expected to strike a balance between the existing ₹176 per day and the previous ₹375 per day recommendation, taking into account inflation and household expenditure costs.
1 min read15 Jan 2024Govt hikes wages under MGNREGA scheme, effective from April 1. Check latest rates of states here
The Union Ministry of Rural Development issued a notification for the rural job guarantee programme for the financial year 2023-24. The wage revision was done under the Mahatma Gandhi National Rural Employment Guarantee Scheme 2005 of section 6(1).
1 min read26 Mar 2023Centre may raise national minimum wage ahead of Lok Sabha elections, panel recommendations awaited
The committee is expected to strike a balance between the existing ₹176 per day and the previous ₹375 per day recommendation, taking into account inflation and household expenditure costs.
1 min read15 Jan 2024Govt hikes wages under MGNREGA scheme, effective from April 1. Check latest rates of states here
The Union Ministry of Rural Development issued a notification for the rural job guarantee programme for the financial year 2023-24. The wage revision was done under the Mahatma Gandhi National Rural Employment Guarantee Scheme 2005 of section 6(1).
1 min read26 Mar 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared