Latest News Updates

Salary, paycheck, compensation, minimum wages, jobs, skilled and unskilled labour, manpower costs, workforce, unions, negotiation news update. News updates about pay packages and average salary in finance, IT , labour market, corporate workforce, manpower shortage, fresher salaries, salary hike, salary comparison and salary information.

 

 

Indian companies increase focus on employee welfare

Indian companies have begun to put employee welfare on their priority list, like ensuring their security by spending large sums to buy insurance cover. While increasing gratuity limits, these companies are also seeking professional help to maximize the savings linked benefit for employees. Both private and public insurance companies have evinced considerable interest in the group insurance category for managing the account of all employees. Overall, such schemes are a win-win proposition for both the employees and the insurance companies, allowing a more professional approach to managing insurance money.

Source: www.siliconindia.com, January 27, 2010. “Indian firms focus on staff welfare, hike cover spends”

Automobile sector to witness trailblazing growth in the next 6 years

The huge capacity addition expected in the Indian automotive industry will create a whopping 12 million new jobs in the next 6 years, according to an estimate by the country’s apex automotive body. The Indian automobile sector is emerging as the centre of manufacturing and R&D for international vehicle makers, not only catering to Asia but the US and European markets as well. The Society of Indian Automobile Manufacturers (SIAM) says that this will create around 5 million news jobs in the next three years of which 25 percent will be for managerial function, 60 percent for skilled labour and remaining for unskilled labour.

Source: www.business-standard.com, January 26, 2010. “Automobile sector growth to see 5 million new jobs in 3 years”

Bureaucrats return to school for post-graduate programmes

Premier institutes like IIMA and IIMB offering the one- and two-year public management and policy programmes are witnessing a high growth in applicants. These courses, which focus on governance, policy formulation and public enterprise management, have drawn interest from govt as well as non-govt candidates having an experience of 10-15 years. This is in spite of a huge difference in fees which favors govt candidates. These institutes also intend to increase the number of government candidate intake in the coming years.

Source: www.business-standard.com, January 25, 2010. “Mid-level public sector executives back to school”

Salary hike of upto 30% in the offing for telecom sector

With India becoming the world’s fastest growing telecom market and action hopping up due to increased competition and the upcoming 3G spectrum auctions, companies are hiking salaries across the board to retain employees. The telecom industry is going for salary hikes up to 20-25% for senior management and 15- 20% hikes for the middle level managers according to their experience. To keep competition from new entrants at bay, this hike in salary is being offered with attractive incentives and allowances.

Source: economictimes.indiatimes.com, January 25, 2010. “Telecom sector may see salary hikes of up to 30%”



 

 

loading...