Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation, has announced the results of its 7th Best Employers in India 2011 study.
This recognition is a testimony of India's strong belief in promoting entrepreneurship
As Covid-19 cases recede, India Inc is once again tweaking work rules. Big tech companies such as TCS, Wipro and Infosys have either begun or are in the process of calling employees back to office in a staggered manner. A survey by Aon, a global professional services firm, has found that 60 per cent of tech firms now expect every second employee to come to office. More than half of the employees working in engineering and manufacturing firms are also being asked to return to work.
The move towards indigenisation of defence procurement creates new opportunities for India's military industrial sector. The Government of India (GoI) has so far released five lists of items for positive indigenisation - these should be manufactured in India, rather than imported. Each item on these lists represents an opportunity for some local firm.
Overall, it has projected a 10.3% salary rise for India Inc in 2016 compared to 10.6% in 2015.
The ministry also decided to dispense with the requirement of the Integrity Pact Bank Guarantee to reduce the financial burden on the Indian defence industry, a move aimed at promoting domestic manufacturing.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
The cost of acquiring the advanced light helicopters from the state-run Hindustan Aeronautics Ltd (HAL) has been estimated at Rs 3,850 crore while a batch of rocket ammunition will cost Rs 4,962 crore, the defence ministry said.
Indians are projected to see a 12 per cent rise in salaries in 2012.
Only five sectors such as consumer internet companies, professional services, life sciences, automotive and consumer products are projecting double-digit increment.
It is a slight improvement over last year.
Led by engineering services sector, the projected jump of 12.9 per cent in salaries for this year is higher than the actual increase of 11.7 per cent seen in 2010.
India and China are the only two countries who have reported a slight dip in pay hike.
Top seed Prajnesh Gunneswaran booked a singles quarter-final berth at the Jinan Open with a hard-fought win over Chinese Taipei's Tung-Lin Wu.
HR Guru Mayank Rautela offers practical advice.
The new policy would also allow many of the stuck programmes, like the heavy weight torpedos for the six Scorpene submarines, to move ahead with clarity.
Reflecting the growth expectations of 5 per cent, India Inc has projected an average salary increase of 10.3 per cent for 2013, says the Aon Hewitt Annual Salary Increase Survey.
'What the price will reveal, since the India specific capabilities haven't changed since 2013, is how much the Modi government padded up the cost,' points out Mohan Guruswamy.
Both General Insurance Council and Irda have made efforts to set up this pool. However, a formal notification giving guidance for its implementation has not yet been issued.
In 2013, the average salary increase was 10.2 per cent while in 2009, it was 6.6 per cent.
A year after the Narendra Modi government took charge India still finds itself among nations that face a high risk of terror and political violence.
The average salary of Indian chief executive officers is inching closer to their global counterparts.
Tax liability insurance is a key negotiation tool used by companies and advisers when a potential tax exposure has been identified and neither party is willing to bear the risk.
Military sources said the research ship Shi Yan 1 forayed into Indian waters in September but was forced to retreat after it was suspected to be involved in spying.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
Employers in United States are cautiously changing their focus from reducing costs to growth strategies, with 45 per cent of them planning to hire more employees this year than they did in 2010, says a survey.
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
IIT Madras invites applications for admission to the third batch of the Post Graduate Diploma Program for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM) course. It is a one-year, full-time joint IIM-IIT course.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
Fitness consultant Samreedhi Sharma Goel says there is no quick way to losing weight.
With thousands of service jobs moving to countries like India, a new multi-million insurance market is emerging as companies seek to protect their overseas outsourcing investments from unforeseen troubles.
Air Chief Marshal R K S Bhadauria's plan includes building 83 Tejas Light Combat Aircraft in quick time to fill the light fighter vacancies left by the retirement of MiG-21 and MiG-27 fighters.
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.
'With the new DPP, there will be greater transparency and faster clearances.'
Harinder Mishra in Herzliya (Israel)
Solskjaer took over as caretaker manager following the sacking of Jose Mourinho in December and United have secured 10 wins in 11 games under his charge.
Kingfisher Airlines offers a one-way fare of Rs 4,999 on the Delhi-Bangalore sector.
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