We asked our employees how much salary they wanted. And the results were…

I have spoken openly about my disregard for the way the annual appraisal process is setup in most companies (including at nearbuy.com too). So while we did go through the process (hopefully for the last time) this year too, we decided to do something different. We asked people for the salary they expected Pretty wild, right? Asking people what should their salaries be. To make sure what the system has generated as part of a process (that I myself don’t fully endorse) is in line with what they think they should get. The results?…

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How Facebook Decides an Employee’s Salary

facebook

• At Facebook, starting salaries for new hires and raises for employees are determined by a set formula.There’s not too much room for negotiation. • The reason, Janelle Gale, VP of HR at Facebook, told Business Insider, is because determining compensation based on employer-candidate negotiations simply rewards good negotiators. •At Facebook, you’re not necessarily getting hired for your good negotiation tactics. At Facebook, salary largely isn’t up for negotiation. “Compensation fairness  is a very, very important thing for us,” Facebook VP of HR Janelle Gale told Business Insider. “We spend a lot of time…

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The story of Paytm’s Renu Satti: How an HR executive became the CEO of India’s largest Payments Bank

paytm ceo

It is six in the evening. As I make my way into Paytm’s five-storeyed grey building adorned with blue glass walls in a busy street of Noida, the company’s employees pass me by, towards the gate, having wrapped up their day’s work. I am frisked once at the entry. However, before I could enter the reception area, another armed security guard stops me. It is unusual for a mobile wallet firm to have a second layer of security, I think. However, it doesn’t take me too long to realise the reason behind the…

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How you treat your loyal employees determines your future.

How you treat your loyal employees determines your future.

2 in 5 managers fail within their first 18 months according to Harvard Business Review. The main reason is departures or de-motivation of their best employees. Yes, “people do not quit companies, they quit their bosses.” Everyone knows that, including those bosses. So why do they not stop their best people from leaving ? 1. They think everyone is replaceable like gloves. Nobody can be replaced, they can only be succeeded. Not only everyone is unique, and has a unique perspective, but when a good employee quits, gone are: institutional knowledge,…

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Capgemini to hire more IT employees in India

Capgemini hiring

Capgemini has one of the largest headcount India. The company that employs over 1 lakh IT professionals have big plans for the coming year. Capgemini’s COO said that India is the company’s powerhouse. The French IT services company has over 190,000 employees working in 40 countries. Out of which, nearly 100,000 are in India alone. Capgemini is focusing a lot on opportunities in automation and AI. The company has already initiated re-skilling program for its employees. Among many things planned for 2018, hiring new workforce is among the top priorities…

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