Rau's felt the need to be where the action was.
The institute that once drew largely elite students also decided to expand its base and cater to a wider pool.
These are tough times for employees not just because there is uncertainty over jobs but doubts have surfaced about their long-term benefits. A survey has shown that 32 per cent of superannuation benefits of top 100 listed companies are unfunded.
The cost cutting measures taken by companies to tackle economic crisis, have sharply eroded morale and commitment of their employees, especially of the top performers, a study by Watson Wyatt says.
Workforce participation rates are twice as high for Chinese women as they are for Indian women.
Foreign pension funds are making a beeline for India despite the turmoil in global markets.
Kalpana Bansal, author of Up The Beanstalk, talks about the challenges faced by a start up company, her success mantras, five avoidable mistakes that working professionals should know and offers useful tips for first-time job seekers.
Kalpana Bansal, author of Up The Beanstalk, talks about the challenges faced by a start up company, her success mantras, five avoidable mistakes that working professionals should know and offers useful tips for first-time job seekers.
"When the economy prospers and the stock market does well, executives reap the rewards. But when markets decline, executives also suffer financial setbacks."
According to leading global consulting firm Watson Wyatt, more than a third (34 per cent) of directors said their companies had already reduced salary, target bonus and/or long-term incentive award levels, while, six per cent plan to make those changes in the next six months and another 48 per cent are considering making them.
While about 33 per cent of the employers who froze salaries plan to defreeze them within the next six months, an increase from 17 per cent two months ago. Moreover, a majority of employers (52 per cent) are now more concerned about retaining their top performers and critical-skill employees than they were before the economic crisis hit.
The number of American companies freezing their pension plan for employees are on the rise, as the corporates are looking for ways to bring down costs, says a survey.
A silver lining appears to be in sight for America's strained labour market as a survey shows that lesser number of companies will be looking to trim their sales workforce in the coming months.
India may soon lose its slot as the world's largest talent supplier to China.
Overall, the survey shows that salary increases across industries at 14.8 per cent are roughly the same as last year (14.5 per cent).
In India and across Asia today the hottest topic of discussion is talent management. Across borders, boards, industries and sectors we are hearing more and more about talent shortage, says Chuly Lee, MD (A-Pac), Watson Wyatt Worldwide.
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