INDIA JOB MARKET PROSPECTS TO IMPROVE IN NEXT QUARTER: SURVEY
The job market outlook in the second quarter of 2012 has improved in most countries, with prospects being the best in India, according to a survey by staffing services firm Manpower Group.
A survey of 4,992 Indian employers showed that most plan to increase headcount in the April-June quarter this year.
India's seasonally adjusted net employment outlook for the second quarter stood at 44%, one percentage up from the previous quarter.
It was 46% for the same quarter last year. The two sectors in India that may offer new opportunities are services (59%) and finance insurance and real estate (51%)
COGNIZANT REWARDS EMPLOYEES WITH 200% VARIABLE PAYOUT
After growing faster than Indian information technology (IT) industry, Cognizant Technology Solutions Corp has now rewarded its employees by giving out as much as 200% of the variable components of their 2011 salaries.
Typically, anywhere from 20 to 30% of an employee salary is labeled as variable pay, linked to a combination of overall company performance and individual performance.
"The company has done the repeat of 2010 in rewarding its top performers. The top performers got around 200% of their target bonus while the average bonus given was 150%. The bonuses were on expected lines as the company has been scoring good quarter on quarter," said a Cognizant employee in Chennai on condition of anonymity.
Typically, anywhere from 20 to 30% of an employee salary is labeled as variable pay, linked to a combination of overall company performance and individual performance.
"The company has done the repeat of 2010 in rewarding its top performers. The top performers got around 200% of their target bonus while the average bonus given was 150%. The bonuses were on expected lines as the company has been scoring good quarter on quarter," said a Cognizant employee in Chennai on condition of anonymity.
TCS HAS THE MOST ENDURANCE CAPACITY AMONG IT FIRMS: HAY GROUP STUDY
Tata Consultancy Services has topped a peer endurance study conducted by management consulting firm Hay Group among 39 IT companies in India, including MNC arms.
The study tried to capture the consistency of overall performance (financial and others) that the companies have displayed during recessions or other financially or operationally difficult times. On a scale of 10, where 10 is the highest endurance capacity, TCS scored 8.47, followed by Infosys Technologies at 8.43, Wipro 8.07, IBM and Microsoft 7.95, HP 7.81, HCL 7.74, Cognizant 7.47, Accenture 7.36 and Cisco7.5.
The study was conducted around nine parameters including talent management , corporate social responsibility and sustainability, innovation, corporate governance, performance and investor value, financial soundness, product and services quality and leadership development.
The study tried to capture the consistency of overall performance (financial and others) that the companies have displayed during recessions or other financially or operationally difficult times. On a scale of 10, where 10 is the highest endurance capacity, TCS scored 8.47, followed by Infosys Technologies at 8.43, Wipro 8.07, IBM and Microsoft 7.95, HP 7.81, HCL 7.74, Cognizant 7.47, Accenture 7.36 and Cisco7.5.
The study was conducted around nine parameters including talent management , corporate social responsibility and sustainability, innovation, corporate governance, performance and investor value, financial soundness, product and services quality and leadership development.
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