HR News on 5th October, 2009

• Indian companies fare best in terms of Employee Satisfaction

In spite of the adverse market conditions in the last couple of quarters ( Lay offs, retrenchments, cuts on salaries and incentives, compulsory unpaid leave doing their rounds etc.) India Inc, seems to have fared better than most other countries; as per the study done by Kenexa Consulting. Read more here.....

• No 'vulgar' salaries please, Khurshid tells India Inc
  

Finally, the austirity drive of the Government has reached where everyone expected it to reach. India Inc.

Mr. Salman Khurshid, the Minister for Corporate Affairs has advised India Inc. to refrain from doling out "vulgar" salaries to CEOs.

Sadly, the ministers' lack of understanding and appreciation of the market forces was clear when he said, "Remuneration should commensurate with the qualifications of the individuals (CEOs i.e) and the time they spent". Ironically, the minister seems to allot the same eligibility criterion as he would do for a government servant. ( where performance and value additions do not have any say on their salaries). 


Click here to read more...

HR Professional Killed By Worker Mob at PRICOL

Yet another fall out of an apparently strained industrial relations. A senior HR Professional at PRICOL lost his life today in a gruesome incident at their Coimbatore facility.

No matter how provocative things would have been, such behavior is totally unjustified.

Indeed a wake up call for all concerned ( employers and employers) on the detoriating labour conditions in the country.

Read what other dailies are talking about the incident.

• Pricol HR executive succumbs in labour strife - The Economic Times
• Pricol official dies - The Hindu

News You Can Use

New Section at GyanHR

I plan to introduce a new section on my Blog: NEWS; where I would post news and other updates that would be relevant to HR Pros as well as other interested readers.

To start of, here we go with the first few links:

1. Economic downturn sees an upsurge in labour unrest - From the Business Standard
2. Jet Airways Stand Off resolved - From the Business Standard
3. More B-Schools trying to lure PSUs for placements - Business Standard