This week was marked by some significant survey findings and news from the hiring side. A survey conducted by Deloitte India revealed that Indian companies are likely to shell out an average salary increment of 10.3 per cent in the current fiscal with employees in pharma, health care and life sciences projected to get 12.4 per cent raise. Another research by Regus suggested that a lot more companies are realizing the importance of nurturing some of their employees as entrepreneurs to help drive growth and believe that flexible working is a key to inspire such a practice. The job portal Naukri.com released a report that said hiring activity in the country remained stable in March this year over the previous month and saw 12 per cent increase over the same period last year.
As TCS plans to hire 55,000 this fiscal and Reliance Jio plans to hire 500 telecom professionals, Europe’s top banks cut over 80,000 staff owing to the prospect of a pre-crisis strategy. Indian companies are looking at Voluntary Retirement Schemes and that is gaining a lot of momentum currently revealed a research by Mancer Consulting. Meanwhile, the EPFO is aiming to ensure stricter PF compliance for foreign workers in India and Switzerland is pushing for a minimum wage of $25 per hour.
Ratan Tata makes India proud once again as he is appointed as a member of the Board of Boao Forum for Asia (BFA), a rare distinction for an Indian in the Chinese government-backed influential body. Drug-maker Sanofi India appointed N. Rajaram as its country head and Spice Jet plans to elevate Sanjeev Kapoor as the CEO. Network18 Digital, the digital content arm of Network18, has elevated Durga Raghunath to CEO and InHelm Leadership Solutions announced the appointment of Dr. D. Prasanth Nair as their Country Head and Managing Partner for India.