Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
According to a mid-year survey on 'Performance & Reward Trends' by Hewitt Associates, companies across industries are strongly differentiating rewards on the basis of performance but majority of them are not considering any layoffs or severe salary cuts in current fiscal. The survey revealed that 16 per cent of the companies surveyed have a salary freeze and were mainly organizations in the financial services, IT and ITeS sector.
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
The layoffs are expected to be across different locations and businesses. Sources said the number of possible lay-offs could be close to 800.
'They feel if they join a union, it will have a negative impact on their appraisals.'
Serena Williams showed little ill-effect from her long layoff with a knee injury as she powered into the semi-finals of the Italian Open on Thursday.
The former world number one appeared pain free at the Albany course on the island of New Providence where he mixed five birdies with two bogeys for a three-under-par 69.
Their fears were not unfounded, since the average salary increases of information technology professionals was down to 1.4 per cent for 2009.
When the South Asian Journalists Association was formed in 1994, there were only a few Indian-American bylines in the mainstream press, mostly in the business pages. There were some folks in the editing ranks, but they were even fewer in number than the reporters.
While the job cuts in March is 61 per cent higher than the layoffs announced in February, the overall pace of downsizing is well below last year's levels, the latest report on monthly job cuts by global outplacement consultancy Challenger, Gray & Christmas Inc has said.
Djokovic, who is aiming for a fifth Wimbledon title and his 16th Grand Slam crown, plans to play only one or two exhibition matches in the build-up to the grasscourt major.
AS Roma striker Francesco Totti will be aiming for another hat-trick at Atalanta on Sunday as speculation mounts about an Italy comeback, something Sampdoria's Antonio Cassano can only dream of.
Given the sharp differences that the Democratic and Republican lawmakers and the White House has on various aspects of immigration reform including H-1B, the Congressional passage of the bill and its becoming a law as of now appears to be a tall order.
Juan Martin del Potro's return to tennis fell short of a fairytale ending on Saturday as the Argentine lost to American Sam Querrey 7-5 7-5 in the semi-final of the Delray Beach Open. The former U.S. Open champion Del Potro made his comeback at Delray Beach after an 11-month layoff following two surgeries on his left wrist. He had looked strong in his run to the semi-finals but Querrey checked his momentum by breaking his powerful serve in each set at 5-5 -- the only two breaks of the match. Del Potro, 27, was aiming to recapture his magic at Delray Beach where he enjoyed comeback success by winning the 2011 title after fighting his way back form wrist surgery.
There were reports that Infosys had laid off 500 people in the aftermath of losing its multi-million pound deal with the Royal Bank of Scotland.
Zaheer Khan's 10-wicket match haul sunk Bangladesh in the second Test, and he believes that that a relaxed approach has helped him immensely.
An engineer, laid off in December 2008, remained unemployed for a year but did not lose hope. Today, he has a job with double the salary his previous employer paid him.
Currently, the company employs about 219,000 people worldwide.
'Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy,' advises Akash Prakash.
As people are increasingly losing jobs due to recession, their married lives are hitting a rough patch as well. But you can still pull your married lives together by following some simple tips to reduce the tension.
A head of business operations of a Chandigarh-based software company narrates the pain and disgust he felt when he had to fire some of the best hands of his team at the behest of the management.
The Redmond-based company had announced in January that it would axe 5,000 jobs globally amid the ongoing slowdown.
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
Anil Ambani Group firm Reliance Money on Monday said it is undertaking a performance monitoring exercise for its staff which could result in separation of about 300 employees due to their under-performance.
Facing a layoff is fast becoming more and more a real prospect for many professionals. To keep your job, you need to work smart not and do whatever it takes to make sure you are crucial to your company.
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
With the financial crisis ebbing, the pace of vanishing employment has come down in recent months as against an average of a whopping 9,000 job losses daily in the beginning of this year.
The company will also stop company-funded home internet access for those working from home from May 1.
Six times a men's singles champion Down Under, the Serbian will be joined in making a return at MelbournePark by 2008 women's champion Maria Sharapova, who missed last year's tournament because of a doping ban.
The survey, conducted by US-based legal services firm Robert Half Legal, one out of every four legal professionals working with American and Canadian law firms believes that his organisation will start hiring in the next one year. The survey found that two practice areas of law -- bankruptcy (51 per cent) and litigation (31 per cent) -- are expected to experience the most growth.
Since the acquisition by Tata Steel in January 2007, which catapulted the domestic steel major to the world's sixth, this is the first layoff announced by the Corus.
The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
Reskilling and online certification are the biggest earners in the Indian online education market
The US saw a staggering 467,000 job losses in June, pushing the unemployment rate to a 26-year high of 9.5 per cent, indicating that economic revival may take longer time than anticipated.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
Don't dig into personal reserves, avoid personal and short-term loans.
Full recovery may still be a good way off, but the job market is showing clear signs of improvement.
Beleaguered Satyam management, struggling to set its house in order, is facing a major challenge to fight rumours and disinformation particularly relating to employees and their salaries.
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