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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 ...

First Time Apple Cuts Tim Cook’s Payment

7Jan By NitishNo Comments

News

First Time Apple Cuts Tim Cook’s Payment

iPhone maker Apple has cut its CEO Tim Cook's salary by a whopping 15 percent for 2016 as annual sales declined for the year, missing targets that also led to the tech giant's first annual revenue decline in 15 years. The company gave the 56-year-old USD 8.75 million in total compensation last year, down from the USD 10.28 million he received in 2015, according to a Securities and Exchange (SEC) filing released yesterday. Cook's salary rose to USD 3 million from USD 2 million last year, a 50 percent increase, his cash bonus took a hit. Apple awarded Cook and other executives 89.5 percent of their target, instead of the maximum amount like in recent years. Hence, Cook's cash bonus fell to USD 5.4 million in 2016, down from USD 8 million the year before and declining for the firs...

Study Shows Over Half of all Employees Feel Dissatisfied With Their Salary

20Sep By Press Trust of IndiaNo Comments

ANALYSIS

Study Shows Over Half of all Employees Feel Dissatisfied With Their Salary

A study by leading Job Portal reveals that 55% Gen Y and 53% Gen Z employees were disappointed with their first-drawn salaries. Dissatisfaction with salary is not new, however the reasons may have changed with changing aspirations of different generations. "This disappointment with salaries is due to many factors - the lack of a proper benchmark tool is one of the reasons which are not readily acknowledged. However, if you can assess your worth on the basis of what the standard payout is in a particular sector for a particular role, you will be saved of that disappointment when you actually get the job offer," says Vikas Deep Verma, Head of Product and Marketing, TimesJobs. The TimesJobs study based on the first job journey of Gen Z and Gen Y workforce also reveals that Gen Z is quic...

Abidali Neemuchwala Wipro Draws $1.8 Mn Pay Package in FY16

28May By AnkitaNo Comments

News

Abidali Neemuchwala Wipro Draws $1.8 Mn Pay Package in FY16

In his first year at Wipro, former TCS veteran got an annual pay package of USD 1.8 million (about Rs 12.04 crore). This is higher than what his predecessor and former CEO T K Kurien earned at Bengaluru-based IT major. However, his peers at rivals Infosys and Tata Consultancy Services (TCS) have fatter pay packages. According to a regulatory filing, Neemuchwala received USD 859,079 in salary and allowances, USD 351,213 in commission/variable pay, USD 575,122 as other payouts and USD 21,216 as long-term compensation during the financial year ended March 31. Infosys Vishal Sikkas package for the year stood at Rs 48.73 crore package, while that of TCS chief N Chandrasekaran was Rs 25.6 crore (USD 3.8 million) in addition to a special bonus of USD 1.49 million. Sikka, who is credited wi...

Nikesh Arora Received $73M Pay Cheque From Softbank in 2016

26May By AdityaNo Comments

News

Nikesh Arora Received $73M Pay Cheque From Softbank in 2016

Nikesh Arora, a Ex-Googler and the president and COO of SoftBank Group, received heafty pay check of $73 million (8.04 billion yen) in 2016. Arora's compensation includes $14.2 million (1.56 billion) paid by other SoftBank units. After Google, Arora had joined SoftBank as its vice-chairman and CEO of SB Group US (previously SoftBank Internet and Media Inc) in September 2014. In 2014-15, Arora had received a $135 million pay package including signing bonus during joining the company in September and end of March 2015. Nikesh Arora count among top paid executives in the world. During his tenure, Arora has led SoftBank's investments into Snapdeal, Ola, Housing, Oyo Rooms and Grofers. He also faces several criticism from a group of SoftBank Group investors, which alleged conflict of ...

It’s Appraisal time: Average hike of 12% likely; top talent to get 25%

10Apr By Press Trust of IndiaNo Comments

ANALYSIS

It’s Appraisal time: Average hike of 12% likely; top talent to get 25%

It is appraisal time again and employees can look forward to an average hike of 10-12 per cent, while top performers can eye as much as 25 per cent, but this once-a-year evaluation norm may change as firms are shifting to a more regular feedback culture, say experts. Most companies have a bell curve system of management in place, which compares employees' performance relative to others and puts them in different rankings - top, average and bottom performers - with the vast majority being treated as average performers. HR experts believe however that times are changing and more and more companies are planning a revamp of their appraisal systems, opting for a more regular feedback based review systems. "Eliminating bell curve/forced distribution or going 'rating less' is undoubted...

Sundar Pichai Received $100.5 million (Rs. 667 crores) Pay Package in 2015

30Mar By AdityaNo Comments

News

Sundar Pichai Received $100.5 million (Rs. 667 crores) Pay Package in 2015

According to the report in Bloomberg, Google CEO Sundar Pichai received a $100.5 million (roughly Rs. 667 crores) pay package in 2015. The salary mentioned in filing from parent company Alphabet on Tuesday. Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary. The stock award hasn't previously been disclosed in filings. The former co-founder of Google Larry Page awarded restricted shares valued at $199 million (roughly Rs. 1,321 crores), the largest grant ever given to a Google executive officer whose pay has to be reported in filings. Executive Chairman Eric Schmidt received $8.04 million (roughly Rs. 53 crores) for 2015, including a $1.25 million salary and $6 million (roughly Rs. 39 crores) cash bonus. Chief Finan...

Buffer App – A Startup that developed formulas for sharing Equity and Salary

1Apr By NitishNo Comments

BLOGS

Buffer App – A Startup that developed formulas for sharing Equity and Salary

It is quite common for the founders to split equity in their company early on in the process and an even-split is the common scenario seen in most of them. Every startup in the world faces "ups and downs" due to equity sharing issues. One thing which creates a big difference between good Startups and ordinary Startups in this matter is transparency. Good startups will always have better sharing equity structure and individual breakdown process. Many startups have failed just because of this sole reason due to lack of knowledge and experience about these structures. To solve this problem, we would like to introduce you to a startup, Buffer (social media tool and company name). It was founded by Joel and Leo (both are co-founders) in 2010 as a way to easily schedule twee...