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TN govt announces massive pay hikes
Chennai: The Tamil Nadu government Sunday announced huge increases in the salaries of its employees ranging between Rs 1,774 and Rs 7,300 per month. The pay hike is expected to shoot up the government's annual expenditure by Rs 5,155.79 crore, while the initial cost would be around Rs 11,093 crore, an official statement said. On the basis of the recommendations of a special committee and the Sixth

Azim Premji takes 10 per cent pay cut
New York: As the global economic downturn takes toll on pay packets, IT major Wipro's chief, Azim Premji, seems to be leading by example, as he has taken a cut of about 10 per cent in his

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Indian women not shying from asking promotions
Indian Women business professionals were more confident of their career in a downturn, were willing to ask for a pay rise and promotion, compared to their global counterpart, but were reluctant compar

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'More companies to freeze executive pay this year'
Taking a hard look at executive compensation, about 35 per cent of companies participating in a Mercer executive remuneration survey indicated that they expect to freeze base pay for executives this y

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Is money top priority for Indian workers?

Hewitt Salary Survey 2008 revealed that India had the highest hike in Asia for the seventh consecutive year. With average hike at 15.2 per cent, ahead of that in China, it was steeper in high-attritio

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Central govt employees' pay hiked by 21%
Offering a bonanza to its about 55 lakh employees, the government on Thursday approved new pay scales that would give them an average increase of 21 per cent, a move that would cost the exchequer Rs 2

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