Wipro said there were no changes in salary increase and hikes will be effective from September. The tech firm said it has completed its first cycle of quarterly promotions but did not comment on the variable pay that was rolled out to its employees
Under federal, California law, employers must include bonuses, incentives in regular rate for paying overtime, as well as meal, rest period premium pay. An overtime true-up payment listing on employee wage statement is sufficient.
The year 2022 might disappoint Wall Street bankers as bonuses at big financial firms are expected to decline by as much as 40 percent due to a fall in bank profits, according to predictions by compensation consulting firm Johnson Associates.