Indian companies are expected to give the highest salary increase of 9.2%in the Asia Pacific region next year after giving a 6.3% average salary hike in2009, said a survey conducted by HR consulting firm Hewitt Associates. Othercountries in the APAC region, such as China, Indonesia and Australia, areexpected to give salary hikes of 6.7%, 8.7% and 3.4%, respectively, in 2010.The survey pointed out thatsalary...
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Vikram Pandit, the India-born chief executive of Citigroup, will continue to take the salary of $1 a year, although the financial services firm has raised base salaries for two of its senior officials.In early 2009, Pandit had said he would take a $1 base salary and no bonus till the banking major returns to profitability.Citigroup had received $45 billion as federal bailout money in the begining of...
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With the economy and stock market beginning to show signs of recovery, things have turned for the better for employees. Many companies, who had either slashed jobs or salaries, are beginning to recruit and reinstate salaries. In fact, some have even announced bonuses.For instance, after a strong performance in the second quarter (June-September), Tata Consultancy Services (TCS) announced about paying...
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Wash. Supreme Court overturns school salary ruling < ');" class="arial11blue1"> RateVariation in the way Washington teachers and other school staff are paid does not pose a constitutional problem, the Washington Supreme Court ruled on Thursday.In overturning a King County Superior Court ruling in a case brought three years ago by the Federal Way School District, the court said cost of living differences...
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India today denied reports that it was spending 10 per cent of its salary bill on Expat pilots.The total salary bill was around Rs 3,300 crore per annum and the salary bill was only Rs 93.29 crore including expenses to the agencies which provided expatriate pilots, a company press release said here.It was not 10 per cent of the salary bill as reported in a section of the media, the release said.Air...
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India today denied reports that it was spending 10 per cent of its salary bill on Expat pilots.The total salary bill was around Rs 3,300 crore per annum and the salary bill was only Rs 93.29 crore including expenses to the agencies which provided expatriate pilots, a company press release said here. It was not 10 per cent of the salary bill as reproted in a section of the media, the release said.Air...
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Corporate India is getting ready with hiring plans and higher pay packets for 2010, as signs of economic recovery are becoming visible along with a rising confidence in the economy's growth."We think Indian companies are getting ready for the revival and plan to hire strategically going forward. 2010 looks to be a good year from a salary increase perspective," Hewitt Associates Practice Leader (Performance...
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HYDERABAD: The existing 11 per cent cap on salaries of CEOs of corporates has been removed in the new Companies Bill-2009. Minister of State for Corporate Affairs Salman Khurshid said today here that the government did not try to control salaries of the CEOs as it should be decided by the share holders. The Union Minster, who inaugurated the 37th national convention of Institute of Company Secretaries...
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The existing 11 per cent cap on salaries of CEOs of corporates has been removed in the new Companies Bill-2009.Minister of State for Corporate Affairs Salman Khurshid said today here that the government did not try to control salaries of the CEOs, as it should be decided by the shareholders.The Union Minster, who inaugurated the 37th national convention of Institute of Company Secretaries of India,...
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Good times or bad, the top honchos of India Inc have always got a bumpersalary deal, or so it seems. It may have been the year when India saw its massscale layoffs and salary cuts, but the gap between the salaries of the topmanagement and that of the other employees only gotwider.A SundayET analysisreveals that despite the slowdown , salaries of the senior management atsmall-cap and mid cap companies...
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