Vinay Umarji
The Salary Budget Planning report released by Willis Towers Watson said the median salary increase at the executive level for 2020 is projected at 10.1%, an increase from 9.6 per cent in the previous year.
Taking inflation into account, China and Vietnam at 4.9 per cent lead the way, while Japan at 0.5 per cent and India at 2 per cent are among countries offering the smallest raises.
Out of the top 11 Asia Pacific economies, the average monthly Indian starting salary was ranked ninth.
In terms of highest paying countries, Australia tops at entry and mid-management levels.
About 72 per cent of Indian employers, i.e. three in four, believe the focus on such initiatives is likely to grow stronger two years down the line.
Forty-two per cent employees could potentially leave their job in 2 years.
For Indians, job security is more important than other factors such as salary and perks.
After being invited to bat, India Masters rode on skipper Sachin Tendulkar's 42-run knock before Yuvraj Singh's vintage hitting powered them to a daunting 220 for 7.
A majority 56 per cent Indian employees would rather save more as compared to 29 per cent who would prefer to work a few years longer.
Once average inflation for India of 5.7 per cent is taken into account, the projected increase in real terms for 2017 will be 4.3 per cent
According to the global professional services company, the sharp fall in the value of the rupee against the US dollar in 2013 contributed to reducing labour costs in India.
Indian employees have the second highest savings rate at 16 per cent, second only to China.
More than the numbers, it was the swagger. The intent. The ease with which he handled the pressure. Vaibhav didn't look like a passenger in the IPL -- he looked like he belonged.
A majority of respondents expect the number of jobs generated to increase in 5 years.
Thirty per cent of the firms - mostly big companies - had no ceiling on the gratuity amount.
Performance pay as a concept is increasingly gaining importance in emerging markets like India and China, but linking compensation to unquantifiable corporate goals is where the model flounders.
The estimated 10 per cent average hike in 2019 is at par with the actual rate of increase in the previous three calendar years in India
Salary budgets in APAC region are set to rise 6.8 per cent in 2016.
Indian companies continue to update benefit plans and and increase employee communication.
Across all industries in India, almost 87 per cent of respondents plan to allocate a larger portion of their budget to high performers
'Generic skills are in abundance, but technological advancements have left staple skills redundant.' 'It is why employers are now looking for alternate sources of hiring -- deploying gig workers, looking at Tier 2 and Tier 3 cities for relevant talent.'
If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
The Piramal group and Zurich Insurance have decided to jointly bid for Reliance General Insurance, a subsidiary of Reliance Capital. The groups had earlier submitted separate bids for the general insurance business of bankrupt Reliance Capital. Both Piramal and Zurich will hold 50 per cent each in the proposed special purpose vehicle (SPV).
HR experts believe however that times are changing and more and more companies are planning a revamp of their appraisal systems
'Make in India'presents a huge opportunity for jobs.
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax (GST) rate of 18 per cent currently applied on health insurance products to 5 per cent to make such products more affordable to common people. Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1.
The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.
'Earlier, it was four songs and four fights, and some story. That was enough.' 'Maybe we are in a box then and the audiences were not prepared for anything new.' 'Now we have got bigger scope.'
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
Yuvraj Singh returned to form to help India heap more misery on Australia, steam-rollering them by 73 runs in a lop-sided Group Two match at the World Twenty20 on Sunday.
India's preparations for the cricket World Cup suffered a jolt as Australia thrashed the defending champions by 106 runs with Glenn Maxwell and David Warner striking blistering centuries in their first warm-up game in Adelaide.
The tournament, which has been shifted to the UAE due to five million plus COVID cases in India, is a 'TV-only event', expected to be lapped up by all and sundry who crave for cricket and Bollywood in equal measure during prime time.
Harshvardhan Kapoor's vigilante film, Bhavesh Joshi, made Sukanya Verma look back at Bollywood's original vigilante and Harshvardhan's father, Anil Kapoor, in and as Mr India, which released on May 25, 1987.
Campus placements are already in full-swing and hiring plans of many companies, whose expansion plans were stuck due to policy paralysis, are now getting green signals.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Rajneesh Gupta brings you the drama and the magic behind all the 12 IPL finals so far.
A rare glimpse into Anand Bhavan and Swaraj Bhavan, where the seeds of Indian Independence were sown. Kind courtesy: Architectural Digest India.
Featuring Yusuf Pathan, Virat Kohli, Rishabh Pant, Marcus Stoinis, Ashish Nehra.
Managing human resources remains a major and under-appreciated challenge for most start-ups.
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