Compensation & Benefits
Google announces enhanced family-building perks for Googlers who want to be parents
Google announces enhanced family-building perks for Googlers who want to be parents
Zomato offers 1.2 crore ESOP to its employees
Zomato has recently granted nearly 1.2 crore stock options to its eligible employees. These stocks are granted under the Foodie Bay Employee Stock Option Scheme 2014 (ESOP 2014) and Zomato Employee Stock Option Scheme 2021. The announcement was made in a regulatory filing to the BSE. According to the filing, Zomato’s Nomination and Remuneration Committee approved the allocation of stock options through a circular resolution. Employees will have the flexibility to exercise these options within 10 years of grant or 12 years from the company’s listing. This grant applies to all options under both ESOP schemes. Each stock option will convert into one fully-paid equity share with a face value of Re 1. Based on Zomato’s current market price of Rs 275.20 per share, the overall value of the grante...
Cabinet approves the Unified Pension Scheme (UPS), which guarantees an assured pension to government employees
Cabinet approves the Unified Pension Scheme (UPS), which guarantees an assured pension to government employees
Microsoft announced a unique bonus for employees
Microsoft announced a special one-time cash award for employees, adding an extra 10-25 percent to their annual bonuses for the recently completed fiscal year. This gesture is aimed at recognizing the significant contributions and achievements of its workforce. In a companywide memo from Kathleen Hogan, chief people officer at Microsoft, employees were informed that executives would not be eligible for this bonus. The company is prioritizing higher percentages for employees at lower levels to ensure a fair distribution. The special one-time cash award will be available to all employees in levels 67 and below, including hourly and equivalent positions. The special cash awards are set to be distributed in September based on their fiscal year 2024 impact. Hogan emphasized the collective effort...
Nearly 70% of TCS employees return to work following the implementation of a new variable pay policy.
Nearly 70% of TCS employees return to work following the implementation of a new variable pay policy.
‘Paytm will not recover employee joining bonuses,’ says Labour Ministry.
'Paytm will not recover employee joining bonuses,' says Labour Ministry.
Emirates announces a 4% increase in basic salary and 90 days’ maternity leave.
Emirates announces a 4% increase in basic salary and 90 days' maternity leave.
Vedanta has announced financial aid for transgender employees’ higher education.
Vedanta has announced financial aid for transgender employees' higher education.
Tesla announces stock-based pay for top-performing employees.
Tesla announces stock-based pay for top-performing employees.
Employees with less than 60% attendance receive no variable pay: TCS
Employees with less than 60% attendance receive no variable pay: TCS
TCS employees to get salary hike by 4.5% to 7%.
TCS employees to get salary hike by 4.5% to 7%.
Elon Musk apologises for his inadequate severance pay.
Elon Musk apologises for his inadequate severance pay.
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