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1000 $ ESOP’s for IBM Employees

1000$ stock is what almost 1.28 lakh employees working across the IBM offices in India are going to be given on June 16th on the event of IBM completing 100 years in business.

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Declare assets or forgo salary: Nitish Kumar

February 28th 2011 is the deadline given by Nitish Kumar to employees serving various cadres under his Govt. Apart from bank deposits, disclosure should have details of both moveable and immovable property besides investments made in share, bonds or debentures. Chief Minister Nitish Kumar had set an example by declaring his assets, prompting his ministers [...]

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Infy stung by attrition

Just last quarter Infosys hired 11,67 employees and in the same quarter 5756 employees left. That is an attrition of 50% !! Recruitment must be pain of a job here.

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CWG employed phantom employees

To add to the woes of the Common Wealth Organizing Committee, the IT department has now brought it to light that CWG had siphoned of salaries by showing around 2100 phantom employee on their roles. Corruption at its height!!

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Forced retention

A few weeks back it was employers insisting on a 3 month notice period and now it is the carrot approach ….. the same companies are offering hike in salaries and incentives. Lower attrition rates would mean a more stable market but will it be a happy one? ……  it better be …. cause you [...]

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Salaries to touch new high: India Inc

The salaries in India are expected to touch a new high with 8-16% increase in 2011. It is expected to reach levels of what it used to be in the 2007 boom period.

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Yahoo lays-off to boost earning

Yahoo has laid off 600 employees to cut its workforce by 4%. This cut comes with curtains falling on some if its services. This they believe would boost earning. Financially it might, but they would end up with 96% of restless minds!!!

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Forbes lists India as best Country for new jobs

Does this mean a flux of other nationals in India. Well, it well mean that if we were to go with what Forbes has to say while it brushes aside China to the second place putting India on the top as the best country for new jobs next year with 42% hiring. This report is [...]

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4300 Railway employees under Vigilance scanner

The Vigilance department has brought 4300 of its employees under scanner for alleged involvement in corruption cases. With 13 lakh employees across 16 zones in India, this number look minuscule. Rs. 38 crore recoveries have already been undertaken …. now that is not minuscule !!!

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Don’t terminate a disabled – Threatens Court

In a rare display of power, Madurai Bench High Court threatened the top brass of various State Transport Corporations for contempt of court if any worker approached the court with an appeal against the termination of employment caused by any disability.
This was in response to the case filed by P Varadharajan, who was working as [...]

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