The revision of apprentice stipends is proposed to be automatically adjusted biennially based on changes in the Consumer Price Index (CPI), aligning with the salary increment cycle in July, officials said
Calcutta High Court has firmly stated that pension is a legal entitlement, not charity, rebuking Hooghly Chinsurah municipality for delaying pension payments to 148 retired Group D workers, citing technological issues. The court emphasized that delaying pension, earned through years of service, causes undue hardship and violates principles of equity and justice.
This significant increase in the remuneration comes after a year where his compensation was notably lower. In FY24, Permji has taken a 20% pay cut and foregone his commission. After all the deductions he took home Rs 6.4 crore in FY24. This was attributed to the company's incremental consolidated net profit being negative for that fiscal year. However, this year the company reported 18.9% increase in net profit which allowed Premji’s remuneration to rebound.
Ashish Singhal's post ignited discussion on middle-class salaries. He cited a report indicating slow income growth for this group. Food prices have increased significantly, reducing purchasing power. Spending relies on credit, not income. AI threatens white-collar jobs. Singhal questions if it is an income or money management issue. Commenters highlight the gap between CTC and take-home pay due to expenses.
A fine balance between retaining top talent and upskilling future talents is the need of the hour to maintain the double-digit growth momentum of the renewable energy sector. At the same time, the advent of new players has led to a sudden surge in demand for key talent in this domain. A clearly defined career progression path to timely skill upgradation may help to retain employees in the long run with the organisation.
Accenture is promoting nearly 50,000 staff globally this June, including 15,000 in India. This move follows a delayed cycle due to reduced consulting demands. Additionally, Associate Managers and higher positions will see pay hikes ranging from 3% to 13%, their first in 2.5 years.
Vaibhav Taneja, Tesla's CFO, received a $139.5 million pay package in 2024. This is one of the highest for a CFO. Stock options and equity awards made up the majority of it. Taneja's journey began at Delhi University. He worked at PwC and SolarCity. He climbed Tesla's ranks after the SolarCity merger. His compensation exceeds those of top tech leaders.
In an exclusive interview with ETHRWorld, Raja Radhakrishnan, President and CHRO, Ashok Leyland, says, "In promoting internal talent, today a lot of managers actually complain to me that many of my guys have left the team due to IJP and I have not got my replacement. I am actually happy to have this kind of complaint, rather than employees complaining that we are very scared to apply for an IJP role due to the manager or cultural dynamics."
Infosys had posted an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter. The profit (attributable to owners of the company) was at Rs 7,969 crore in the year-ago period.The company has guided for a revenue growth of 0-3 per cent in constant currency terms in the current fiscal year.
Sectors such as automotive, metals and mining and chemicals are seeing steady salary increases of about 6 per cent, driven by investments in automation and production capacity.
Hemsley, 72, had led the company for more than a decade until 2017 and is re-taking the reins following a series of setbacks, including a cyber attack, federal investigations, soaring medical costs and the murder of a top executive.
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