INCREMENTS

Most organisations that follow the April to March fiscal cycle hand out salary increments during April to July. About 84% of the companies surveyed by Deloitte have already doled out this year’s increment.

The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, ...

The Indian job market is expected to witness a notable increase in workforce expansion. The projected growth for H1 FY25 (April-September) indicates a significant rise to 6.33%, compared to around 4.2% in H2 FY24 (October-March). This expansion in t...

Passenger vehicle exports from India increased by 2.68 lakh units in the last four fiscal years, with Maruti Suzuki India contributing to nearly 70% of the growth.

There is a possibility that the implementation of this framework will overlap with the expected credit loss (ECL) framework that is required by RBI. The ECL framework requires banks to recognise losses on loans as soon as they are expected to occur,...

The first five phases of the 18th Lok Sabha elections in India have concluded, with strong voter turnout, especially among women. Despite concerns, 66.95% turnout was recorded in the first four phases, with 25 million more voters than in 2019. Women...

Air India unveiled its annual salary increments for employees and introduced an annual target performance bonus for pilots, marking the first appraisal cycle since the Tata Group assumed control of the struggling airline over two years ago. Alongsid...

The story of Milo of Croton illustrates the concept of progressive overload in strength training, as explained by Bryan Mann and other experts. Progressive overload involves gradually increasing weight, repetitions, difficulty, or intensity to build...

The incremental credit flow was also supported by the all-time high corporate bond issuances of Rs. 10.2 lakh crore in FY2024, resulting in the stock of corporate bonds outstanding rising to an estimated Rs. 46 lakh crore as on March 31, 2024, from ...

Akshay Saini, an engineer from Dehradun, has gained attention for his frank views on achieving higher salaries during the busy appraisal season in Indian companies. He emphasizes that job switching is often the best way to increase income significan...

Gurmeet Chadha discusses varying valuations, smallcap index trends, Blinkit's potential, HDFC Bank's performance, and potential earning surprises in textiles, defense, space sectors, and chemicals amid the earnings season. Chadha says selectively tr...

IT companies' cumulative wage cost rose by Rs 18,036 crore in the fiscal year. Experts said this was due to continuity in lateral hiring in high-demand areas such as AI, machine learning, and cloud and engineering services, coupled with the salary i...

The average annual increment after the performance appraisals for fiscal 2024 is likely to be 10%, according to a study conducted for ET by Ciel HR Services. For high performers, it could be 12-20%.

TCS Appraisal 2024: India's biggest IT company, Tata Consultancy Services, has declared a double-digit salary increase. The company plans to onboard 40,000 freshers and saw a reduction in headcount by 1,759 employees. Despite this, TCS ended with 13...

Law professionals said employees are likely to get an average salary increase of 10-15%, with high performers set to bag 20-25% increments as firms try to reward and retain top talent that gives them the competitive advantage. Bonuses for top perfor...

The IT sector is seeing demand in areas such as technology, data, AI/ML, product and security along with digital transformation and Internet of Things (IoT), and generative AI. Junior employees are getting 35-45% salary hikes while switching jobs, w...

Bonuses at some of the leading companies could range from three to seven months of additional pay, said top executives. Average increments could be in the range of 10-15%, with high performers, especially in technology and product development roles,...

Deloitte India Talent Outlook 2024 Survey shows that while overall average increment is lower than last year’s, increment projection for 2024 is higher than the pre-Covid levels across all sectors, except IT and BPO/ KPO. The survey also predicts th...

In the Asia-Pacific region, Vietnam comes a far second, with a 6.7% median pay hike expected in 2024 (6.8% in 2023), followed by Indonesia with 6.5% (6.4% last year), according to the survey. Employees in Japan are likely to get the lowest increment...