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How cos like InMobi, KPMG, Godrej others are redesigning appraisals

Apr 11, 2014 at 11:16 | Source: Economic Times

MUMBAI: Traditional processes are in a makeover mode as organisations such as InMobi, Godrej Industries, KPMG and the RPG Group revamp and redesign their existing performance appraisal systems to make them more transparent, more inclusive and more a...

Coal India executives call off strike

Mar 14, 2014 at 16:37 | Source: Economic Times

KOLKATA: The Coal Mines' Officers Association of India has deferred the three-day strike after they got indications from the Coal India management that the government has recommended their demand for implementation of variable pay favourably. "Follo...

HSBC to announce bonuses totalling GBP 2.4 bn: Report

Feb 22, 2014 at 19:51 | Source: Economic Times

LONDON: HSBC will announce staff bonuses totalling just under GBP 2.4 billion ($4 billion) globally for 2013 and is expected to report a significant rise in pretax profit, it was reported on Saturday. Europe's biggest bank is expected on Monday to an...

A never-ending spree

Feb 20, 2014 at 05:27 | Source: The Hindu BusinessLine

Just how much control do bureaucrats exercise over their so-called political masters? Quite a lot, it turns out — especially over things they see as impacting their own, immediate welfare.Take the deafening silence over the constitution of the ...

Slowdown over? You may see a 15% hike in salary this year

Feb 09, 2014 at 14:46 | Source: Economic Times

CHENNAI: All the talk about the revival after the slowdown is going to finally show up your wallets. Most companies are approaching the appraisal season and HR experts say early indications are that there will be a marginal increase hikes this year....

Apex court upholds recommendations of Majithia Wage Board

Feb 07, 2014 at 15:16 | Source: The Hindu BusinessLine

The Supreme Court today upheld the recommendations of Majithia Wage Board for journalists and non-journalists on their pay structure and directed that the revised salaries be granted to the employees. A Bench headed by Chief Justice P. Sathasivam sa...

Executive summary: Good year for Indian CEOs

Jan 29, 2014 at 23:52 | Source: The Hindu BusinessLine

CEOs and MDs in India can expect pay hikes of 10 per cent in 2013-2014, an increase over 9 per cent in 2012-13, says global management consultancy Hay Group. Top executives, part of the senior management team, are set to see a 10.4 per cent increase...

Infosys may revert to April pay hike cycle; mum on double-digit rise

Jan 11, 2014 at 12:57 | Source: Economic Times

Is Infosys considering some kind of wage pressure as there is a buzz in the market that the IT major could consider a double-digit wage hike to boost employee morale? "I do not know what the market is talking, but we still have not worked out our nu...

Why ICICI Bank wants to turn a new leaf: A peep inside the bank's new work culture

Dec 04, 2013 at 05:37 | Source: Economic Times

For some, it's a day to say grace. For some, it's a day of rest. For Parvez Mulla, Sundays had come to mean a grace period: a day to finish office stuff pending from the working week. Office was ICICI Bank. Work was leading sales—of home loans, lif...

All’s not fair in the HR world

Oct 25, 2013 at 02:02 | Source: The Hindu BusinessLine

What keeps human resource professionals (HR) awake at night? Engagement issues; fast revolving exit doors at work; productivity challenges; lack of leadership; perhaps all of these and more. And HR folks are working overtime (literally in some organ...

Infosys to reward star performers with bonuses before year end

Oct 22, 2013 at 05:12 | Source: Economic Times

BANGALORE: Hidden innocuously in accounting entries and routine management commentary is a possible shift in the way Infosys rewards its employees. The first effect of such a shift could be a surprise bonus for best-performing employees before this ...

Boost for morale: Infosys plans surprise bonus for top performers

Oct 21, 2013 at 11:26 | Source: FirstPost

If shareholders were disappointed with Infosys not announcing a special dividend by the end of the September quarter, employees definitely have something to cheer about the IT major's massive cash pile.Talk of Infosys wanting to pay its employees bet...

Significance of reviewing your financial plan

Oct 01, 2013 at 05:22 | Source: Economic Times

Your financial plan is one which chalks out your financial goals and how you plan to achieve them. As the situations in life change, your financial plan also requires regular reviewing and change. Just as how you undergo regular health checkups to r...

It's employers' job market: expect variable pay cut, flat offers at IIMs

Sep 06, 2013 at 12:06 | Source: FirstPost

Employers gain upper hand in the job market during a slowdown. Those seeking jobs will have to settle for lower salaries while those with a job can forget about salary hikes until the situation improves.However, salary cuts are fast becoming an unlik...

Mindtree bets on crowd-sourcing of business ideas to drive growth

Aug 21, 2013 at 15:27 | Source: Economic Times

BANGALORE: Software exporter Mindtree is betting on internal crowd-sourcing of business ideas as it chases growth and seeks to stay in sync with the evolving technology needs of enterprises. With the outsourcing industry confronted with rapid techno...

Now, L&T questioned over proposal to increase AM Naiks pay

Jul 18, 2013 at 10:15 | Source: FirstPost

One more company has come under fire for seeking an increase in compensation for its top brass at a time when economic uncertainties are seen impacting corporate profitability.According to a report in the Economic Times today, Larsen & Toubro...

Larsen Toubro AGM to seek pay hike for AM Naik, others

Jul 18, 2013 at 07:52 | Source: Economic Times

MUMBAI: Engineering and construction conglomerate Larsen & Toubro (L&T) is seeking shareholders' approval to increase the variable component of executive chairman AM Naik's pay from 0.30% of net profit (excluding extraordinary items) to up to 0.40%....

Narayana Murthy effect: Infosys plans high salary for top performers

Jun 25, 2013 at 04:41 | Source: Economic Times

BANGALORE: Infosys is drawing up plans to tilt the scales in favour of top performers, part of efforts to revitalise the workforce after NR Narayana Murthy returned as its chairman on June 1. According to company executives briefed about Murthy's th...

IT’s not ‘cool’ anymore

Jun 24, 2013 at 02:57 | Source: The Hindu BusinessLine

Bangalore, June 23: The IT sector is fast losing its sheen as companies dole out meagre hikes to its employees and struggle to offer them work to boost their careers. A.M. Naik, Executive Chairman of Larsen Toubro, has often voiced concerns in the p...

India Inc doles out 6-13% salary hike

Jun 24, 2013 at 02:57 | Source: The Hindu BusinessLine

June 23: India Inc is increasing employee salaries by a modest 6-13 per cent this year. In sectors such as IT and telecom, which are facing a bad year, the wage hike is being pegged at around 7-8 per cent, while companies in recession-free sectors, ...

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