SURVEY
Automakers take lead in FY24 salary hikes with double-digit raises
A Tata Motors spokesperson said the company rewarded its employees with higher performance pay in FY24 as an acknowledgement of their significant contribution in the overall growth and improvement in the financial performance of the organisation.
NHAI to do GIS-based land acquisition for upcoming national highway projects
The National Highways Authority of India (NHAI) on Tuesday entered into an MoU with the Survey of India for development and validation of GIS-based land acquisition plan for upcoming national highway projects in the country. As per the agreement, the Survey of India will help develop standard operating procedures and in preparation of terms of reference for consultants preparing a detailed project report for land acquisition.
55% of the Democrats in favor of Joe Biden’s continuation, Trump secures a 2% lead over Biden in the latest national survey
A survey has found that Biden still has the support of the Democrats after the first US Presidential Debate. Trump has a slight edge over Biden with 45% of the respondents reposing their faith in his capabilities to lead the nation.
Increasing annual leave to five weeks would cost employers less than you might think
The idea of expanding annual leave to five weeks appears to be gaining traction, spurred by recent advocacy from groups like the Shop Distributive and Allied Employees Association. While certain industries already offer extended leave, such as for continuous shift workers, most employees typically receive four weeks. Australia's annual leave entitlement has remained unchanged since 1974, prompting calls for review amid international comparisons where some countries offer more statutory days.
Japan stock ownership by foreigners rises to record 31.8%
Foreign ownership in Japanese stocks reached a record 31.8%, driven by Tokyo Stock Exchange and government initiatives to enhance corporate governance, making the market more attractive with its relatively low valuations.
Salary structure in more than 40% of Indian companies is tax inefficient: Study
The study, based on an email survey sent to more than 16,000 executives working across the departments of human resources, finance and administration, elicited responses from 97 companies across sectors.
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Diversity initiatives are bringing more women to certain roles: Survey
Indian companies are prioritizing diversity, equity, inclusion, and belonging (DEIB) initiatives, with varying levels of women's representation across roles highlighted in a Manpower Group survey. Administrative and operational roles show higher female presence, while top-level management and STEM roles exhibit lower representation. Key findings emphasize the importance of trust, relationship building, and technology-driven solutions like AI for unbiased recruitment.
More voters are convinced that Joe Biden should not be contesting the upcoming election after the first US Presidential debate; Democrats too are in a panic mode
A survey that was conducted after the first US Presidential Debate has revealed that a number of registered voters are of the opinion that Joe Biden should not contest the upcoming US Presidential Election in November. Many Democrats have voiced their concern and called for replacing him on the ballot.
Women better at handling market volatility: Survey
Women show a higher persistency in mutual fund investments compared to men, claims a recent report by Axis Mutual Fund.
India prepares first comprehensive list of fauna
India, under the leadership of Prime Minister Narendra Modi, is at the forefront of global biodiversity conservation efforts, as showcased by the unveiling of the Fauna of India Checklist Portal encompassing over 1,00,000 species. The country's commitment is evident through initiatives like 'Ek Ped Maa Ke Naam' and projects like the cheetah relocation program.
Maharashtra's economic survey 2023-24: Shinde government spurs robust growth and recovery
The economic survey of Maharashtra for 2023-24 revealed a positive economic outlook under the Shinde government compared to the previous Maha Vikas Aghadi administration. The survey showcased growth in GSDP, FDI, and entrepreneurship. Maharashtra's GSDP growth outpaces Gujarat, FDI attraction has surged, and entrepreneurship is thriving with the highest number of startups in India. The survey also highlighted progress in social welfare, agriculture, financial assistance to farmers, infrastructure development, and increased allocation for women's education.
Did Trump win against Biden in the first US Presidential Debate? What does this survey say?
A new survey has revealed what is obvious to many. Majority of the respondents believe that Trump easily won against Biden in the first US Presidential Debate on Thursday. However, there is still a close competition between the two candidates in the upcoming Presidential Election in November. There are demands to replace Biden as the Democratic party’s official presidential nominee. However, this is unlikely due to the strict rules. Biden needs to withdraw from the race himself and he has refused to do so.
T20 World Cup on course to become the most important ICC event, reveals player survey
The World Cricketers Association survey highlights a shifting trend towards the T20 World Cup among players, with significant changes in preferences observed from the ODI World Cup. The survey reflects the evolving landscape of cricket, with a diverse range of players contributing to the changing dynamics of ICC events.
Majority of Indian employers plans to add staff in first six months of FY25: Survey
The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, which surveyed 1,417 employers in 20 cities, found that 56% of employers plan to grow their workforce in the coming months, 23% expect to maintain current levels, and 21% foresee a decline in staff numbers.
Nearly nine in 10 recruiters use AI for sourcing candidates: Survey
India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.
Bhojshala survey: Sanatan Dharma idols found, says Hindu leader; Muslim side disputes claim
Idols related to Sanatan Dharma found during court-mandated survey in Dhar, Madhya Pradesh. Dispute over inclusion of idols in findings. ASI directed to survey Bhojshala complex, believed to be temple of Goddess Vagdevi by Hindus and Kamal Maula Mosque by Muslims.
Most entry-level job seekers prioritise competitive wages, benefits: Survey
Employers are focusing on competitive wages and growth opportunities to attract top talent amid shift in preference among employees away from 9-5 jobs.
Govt mulls more frequent job data surveys
India's Ministry of Statistics and Programme Implementation (MoSPI) is considering increasing the frequency of the Periodic Labour Force Survey (PLFS) from quarterly urban unemployment data to monthly, and shifting the release of rural employment data from annual to quarterly. Officials are also discussing revising the base year for gross domestic product (GDP) and inflation. These efforts aim to leverage technology to enhance efficiency and reduce data lag, ensuring compliance with international standards.
Companies need to increase AI skilling initiatives and also focus on ethics: Survey
Only 25% of IT professionals are very familiar with AI, as per ISACA survey. 40% orgs lack structured AI training, highlighting knowledge gaps and need for upskilling.
Pay gap shrinks: Will BTech grads stay MBA course?
A Deloitte survey revealed a significant narrowing of starting salaries between MBA and BTech graduates in India. The pay gap has reduced to 57% in 2024 from 102% in 2021, potentially impacting the appeal of costly management courses for BTech graduates.
Nearly 90% Indian employees say they are suffering, over 40% are sad: Gallup Workplace Report
The Gallup 2024 State of the Global Workplace report reveals that only 14% of Indian employees feel they are "thriving," while 86% are "struggling" or "suffering." South Asia shows similar trends, with low levels of thriving. Despite high daily anger rates, India boasts a 32% employee engagement rate, surpassing the global average of 23%.
Companies cautious on short-term hiring, but overall outlook stays upbeat
Employers in India are showing caution in short-term hiring for the July-September quarter, with a net employment outlook of 30%, six percentage points lower than the current quarter and the same period last year. While 48% of employers plan to hire more people, 18% expect a decrease in hiring or have no plans to hire. The most optimistic sectors are finance and real estate, healthcare and life sciences, and IT, while communication services and transport, logistics, and automotive are less optimistic.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men
Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.
Cost of living doesn't influence salaries; Pune among safest cities: KPMG Survey
A survey by KPMG revealed that cost of living differences across Indian cities do not affect compensation decisions, with most HR leaders stating there is no city compensatory allowance anymore. Employees consider various factors like rent, property indices, and local purchasing power when evaluating cost of living. Pune is highlighted for excelling in safety, while other cities like Chennai and Navi Mumbai excel in connectivity and healthcare. Companies are tapping into talent pools in satellite cities like Gurugram and Navi Mumbai.
Companies look to rework benefits for multi-generational workforce: Survey
A survey by Marsh India Insurance Brokers revealed 70% of companies seek new-age benefits and 50% aim to cater to the multi-generational workforce, focusing on Generation Z. Employers are designing comprehensive benefits tailored to diverse needs, including mental health support and flexible solutions.
Attrition for MBA campus talent highest across degrees; employee turnover among campus hires drops in 2023 vs 2022, survey shows
A survey by Deloitte has revealed that the attrition rate among MBA graduates hired directly from campus was the highest across disciplines in 2023, with the highest one-year (40%) and two-year (38%) attrition rates. Infant attrition was the highest among Graduate in Management (BBA / BCom /others) degree holders, with 33% of fresh hires leaving organisations in less than a year of joining. However, the survey showed a reduction in attrition rates from 2022, with MBA hires from Top-10 and Tier-1 colleges attriting at 24% (infant), 40% (one-year), and 38% (two-year) in 2023.
From boardrooms to law firms: General counsels eye law firm opportunities
A recent survey of 300 general counsels and legal heads of companies has revealed that 43% of respondents are interested in career opportunities at law firms. The survey highlights a preference for stability among respondents, with many looking at law firm opportunities as retirement approaches or in the absence of in-house growth prospects. This trend is underscored by recent high-profile moves, such as former Ola Electric Mobility general counsel Sanjit Nagarkatti joining Economic Laws Practice.
Indians more confident of adapting to tech innovations at work than other nationalities: Indeed
India's workforce expects tech role shifts, with confidence in adaptation. Tomorrow's World report discusses AI impact. Survey highlights high tech optimism and focus on generative AI, diversity, and equity policies.
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