A committee for Meta's board of directors approved the hike in bonuses after determining that its cash compensation for its executives was much lower than that enjoyed by executives holding similar positions at rival companies.
'My first two months at Google? Honestly, they were weird,' Jerry Lee, who worked with the tech giant for three years, said.
Investors whose partly-paid shares will be forfeited will not be eligible for Reliance Industries' recently announced bonus issue on those shares.
Godfrey Phillips bonus issue: A 1:2 bonus means the shareholders will get two free shares for each held, if it is approved by the board.
An employee was left feeling justifiably salty after receiving a baked potato as Christmas bonus from her company, and being told she would have to pay tax on it.
Ever wondered what to do if your employer denies a bonus? Find out in the eighth episode of 'Know Your Rights' as we delve into the details of the bonus act. Watch now!
The massive ticket sales (over $780 million) of Eras Tour propelled Taylor Swift to a billionaire.
The cap on the ad-hoc bonus for 2021-22, announced on October 6, 2022, was also Rs 7,000
the workers get every year ahead of the festive season. The railways pay PLB, which is equivalent to 78 days' wages, to all non-gazetted employees (Group C and Group D) as an incentive to increase productivity and ensure safety. The PLB is calculated on the basis of the minimum salary paid to the lowest grade (Group D) employees.
The bonus saw an increase of 25 per cent over the previous year and will benefit 3.29 lakh individuals.
The insurer said the dividend for the year is 29 per cent higher than what it had paid out in FY22 and will benefit 5.52 lakh participating policyholders.
The company stated that the payment of this bonus is part of the "value sharing" policy and goes hand in hand with an increase in the dividend distributed to shareholders.
The board meeting, scheduled for January 19, will also take up the December quarter results, the company has told exchanges
Evergreen Marine Corp. has given some employees year-end bonuses equal to 50 months' salary, or more than four years' pay, on average, according to a Bloomberg report.
Australia's richest person Gina Rinehart has surprised 10 employees with a $100,000 Christmas bonus.
This bonus sum will benefit 4.95 lakh customers whose policies were in force as of 31st March 2022, PNB MetLife said in a release.
Senior management pay is increasingly linked to sustainability targets, but critics are sceptical this will amount to meaningful change
The total productivity-linked bonus for railway employees has been estimated to be around Rs 1,985 crore, Railway board chairman Suneet Sharma said at a separate press conference.
In 2019-20, the Indian Railways had given its nearly 11.58 lakh non-gazetted employees a bonus of 78 days amounting to a total of Rs 2,081.68 crore.
A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers' Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said.
The company added 22,365 people during the quarter even as its attrition stayed low at 12 percent.
This bonus will be given to employees shortly before Vijayadashami in a single instalment through a direct transfer, the minister said
The nationwide survey of nearly 5,000 respondents threw up surprises on number of respondents opted for loan moratorium, planning to take personal loan, struggling to continue with investments and more.
A bonus, no doubt, can be spent away. But if used well, it gives you once-a-year option of putting your personal finances back on track