Friday, April 19

Tag: employees

85% Infosys Employees Will Receive Increment
14Apr By Sheldan RungasamyNo Comments
News

85% Infosys Employees Will Receive Increment

Infosys, an Indian IT services, announced that it will increase the salary of a major portion of its 2 lakhs employees from “mid-single digit to high-single-digit”, starting April onward. Moreover, the firm set aside a special bonus pool worth $10 million that employees will receive as incentives on their variable salary that has been hiking since a year already. “We are also pleased to announce compensation revision for 85% of our employees starting April. For rest of the employees, primarily middle management and senior management, it will be effective July 1. This is for both onsite and offshore,” said Infosys Chief Operating Officer UB Pravin Rao. The COO also announced that most of the firm’s employees operating in India will receive raises from “mid-single digit to high-sing...
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Now Infosys Will Lay Off Around 100+ Employees
10May By AdityaNo Comments
News

Now Infosys Will Lay Off Around 100+ Employees

Infosys could hand out pink slips to hundreds of mid and senior-level employees as it carries out bi-annual performance review amid a challenging business environment. The development comes at a time when its peers Wipro and Cognizant are taking similar measures to control costs. Interestingly, Infosys has said it will hire 10,000 Americans in the next two years and open four centres in the US as it seeks to counter moves by the US to tighten visa norms. "Our performance management process provides for a bi- annual assessment of performance... A continued low feedback on performance could lead to certain performance actions, including separation of an individual and this is done only after feedback," Infosys spokesperson said in an emailed statement. The spokesperson did not di...
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Snapdeal Will Roll Out 15% Pay Hike of Employees Amid Sell-off
13Apr By AdityaNo Comments
News

Snapdeal Will Roll Out 15% Pay Hike of Employees Amid Sell-off

E-commerce major Snapdeal will shell out an average pay hike of 12-15 percent as it looks to assure employees amid the online marketplace scouting for a potential buyer. According to sources, the pay revision will be effective from April 1 and will see salaries of employees at the mid and junior-level go up by an average 12-15 percent. For senior management, the hike will be 9-12 percent, but the company may offer 20-25 percent raise to exceptional performers, they added. The cash-strapped company is also believed to be distributing nearly 1 percent of its stock to about 150 employees. Earlier this year, the company's founders had admitted to have made mistakes and said they would take a "100 percent cut" in their own salaries. The decision to give such a good pay hike has b...
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Google Backed Online Healthcare Startup Practo Lays Off 150 Employees
7Apr By AdityaNo Comments
News

Google Backed Online Healthcare Startup Practo Lays Off 150 Employees

Online healthcare platform Practo has laid off around 10% of its workforce amounting to 150 employees as part of its annual performance appraisal and redundancies due to acquisitions. “Yesterday, 150 of our colleagues left the company to pursue opportunities outside. This is a combination of natural redundancies that emerge as we integrate our 5 acquisitions and evolve our businesses, as well as the performance required for the next phase of Practo’s growth,” a company spokesperson said in an email response. In line with the company’s policy, it provides employees with two months pay, employment and outplacement services to help them find their next great opportunity, the statement added. Practo has acquired five firms -- FitHo, Genii, Insta Health Solutions, Qikwell and Enlightik...
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Online Payments Firm PayPal Made Policy Changes For Employees in India
7Feb By AnkitaNo Comments
News

Online Payments Firm PayPal Made Policy Changes For Employees in India

Online payments firm PayPal today said it has enhanced the company's caregiving paid leave policies for its employees in India, including more than doubling its current maternity leave from 12 to 26 weeks and doubling its paternity leave from 5 to 10 days. The company has also introduced paid adoption leave of 16 weeks for its women employees, while the paternity policy has been adjusted to include adoption leave within its mandate, PayPal said in a release issued here. The extended caregiving leave policies are effective from January 1, 2017. "We believe that fostering an open, diverse and innovation-driven culture is essential for our employees to be at their creative best. As part of this effort, our extended caregiving policies not only enable women to come back to work after ...
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Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes
9Sep By reutersNo Comments
News

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes

Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. "As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur," Dell spokesman Dave Farmer said. He, however, declined to comment specifically on the report. Dell, which was taken private by founder Michael Dell along with private equity firm Silver Lake Management in 2013, agre...
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5 Ways to Build an Extraordinary Team Culture- Peter Economy
26Sep By No Comments
BLOGS

5 Ways to Build an Extraordinary Team Culture- Peter Economy

Employee teams are one of the best ways to get things done in any business. When you take a group of independently talented people and create a team in which they can merge their talents, not only will a remarkable amount of energy and creativity be released, but their performance, loyalty and engagement will be greatly improved. Here are five steps for building an extraordinary team culture: (more…)
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