How Facebook Decides an Employee’s Salary

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• 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

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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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How One CEO Taught His Employees A Lesson In Integrity

How One CEO Taught His Employees A Lesson In Integrity

A successful business man was growing old and knew it was time to choose a successor to take over the business. Instead of choosing one of his Directors or his children, he decided to do something different. He called all the young executives in his company together. He said, “It is time for me to step down and choose the next CEO. I have decided to choose one of you..” ALSO READ –A man whose salary is 500 Crores, got rejected by many multinational companies ALSO READ-Romantic Love, Casual Sex, and…

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