Tag: Performance Management

Job cuts to begin at Goldman Sachs

As part of its annual performance reviews, Goldman Sachs is preparing for hundreds of job cuts. The Bank is also likely to adopt cost-cutting...

Role Reversal: How managers are being evaluated by their teams on...

In the pre-COVID era, the expectations from managers were very different. The organisations primarily expected them to deliver and meet the organisational goals, make...

How Trident Group adopted OKR-based pay for 14,000 employees

Sweeping changes have taken place across several companies that were once organisational centric. Many corporate giants braved the turbulence that was 2020 and set...

Gamifying working-from-home performance

As organisations around the world adapt to working from home (WFH) to create the desired results, HR professionals are rapidly developing a deeper understanding...

How the definition of ‘star performer’ has changed post COVID

Employees’ performance has always been the topic of discussion at the workplace. From intense discussions and Powerpoint presentations, to a series of evaluations, there...

How performance management may change in the post-Covid era

The Covid-19 virus has been a game changer and a disruptor. It’s unprecedented, and has forced us to relook at the way we live...

Maharashtra government to grade performance of its 7.5 lakh employees

Although the new reviewing system will not disincentivise the average or poor performers, it proposes public recognition and rewards for ‘sukarmis’ or the good performers

How Gionee’s point-based evaluation system is a performance booster

The system is grounded, yet modern in terms of taking care of employees’ ambitions and expectations

Double digit increment expected for pharma, retail, ITES, A&M, consumer goods...

The average salary increase across sectors is expected to be 9.7 per cent in this fiscal, 6 points less than the actual figure of last fiscal.

Merger in clouds: Cloud based talent management Saba Software acquires cloud...

Together the two firms will increase value to the customers they serve with the strength, size and scale to deliver rapid innovations.

Samsung to break out of the rigid top-down ranking system

The company plans to streamline the existing seven ranks, except for executives, into four, based on employees' career levels.

2017 HR Trends: Performance & Rewards: AI & predictive data brings...

Approaches that will change the way we look at the interventions in terms of cultural relevance, functional expertise and competency building.

Nine HR technology trends to watch out for in 2017

The marketplace is shifting from tools that automate traditional HR practices to platforms and apps that make life at work better.

Employee engagement never failed; It simply changed

Businesses across the globe are all trying to build an inclusive, energetic and multigenerational team. With a world moving into a new era, ‘engaging people’ emerged as one of the biggest competitive differentiators in business.

Tata Power co-creates a new performance management system with employees

In the new system, there is no forced fitment of an individual into a particular performance grade. The erstwhile quota system of performance grades, where every department is supposed to have its list of high and low performers, has been abolished.

Biology dictates work performance, not rewards

A study indicates that many companies are not only causing unnecessary stress to their employees, but also wasting money on ineffective bonus schemes. 

New Year Special: Gender diversity to take centre stage in 2016

New technologies, data analytics and social networks are expected to have a deeper impact on how people communicate, collaborate and work. Are organisations prepared for the new workplace? 

New Year Special: Celebrated HR concepts under scanner in 2016

Last year, performance management had to adapt to dramatically changed worldviews. It is expected that many such HR concepts will come under scanner this year. Read to find out more.

7th Pay Commission: Compensation changes have a positive though very limited...

Let us creatively appreciate the highlights and take a guess whether this additional cost will create gross national value on the hypothesis: 'happy, engaged and motivated employees co-create better yield'!

“Infosys’ longevity will depend on how well we build on our...

Richard Lobo is a qualified mechanical engineer who decided to pursue a career in human resources. Post his PGDM in Marketing and Finance, from Xavier Institute of Management, Lobo dabbled in sales and marketing at Godrej & Boyce.

He joined Infosys in 2000 where he was recently appointed as the senior vice-president & head-HR. In his new role, he oversees the functions of business HR, employee relations, geography-HR and HR delivery for Infosys.

In the last one year, the company has introduced several changes in terms of people practices. Lobo chats with HRKatha on the company’s people strategy and his overall view on the changing dynamics of the human resource function.Excerpts!

ExxonMobil hikes pay for CEO, CFO, senior VPs

Exxon Mobil Corp XOM.N has decided to raise the base salaries — that make up 10 per cent of overall compensation — of its...

Latest

One’s loss is another’s gain – The positive side of layoffs

The tech sector has been gripped by a flurry of layoffs. The mood is far from upbeat as bad times are being predicted. With...

Why Future Generali staff walked in the shoes of the specially abled for a...

A lot has been said about how people should be empathetic towards the specially abled and how they should be treated as equals. However,...

Kyndryl India gets Rajita Singh as CPO

Kyndryl India, an IT infrastructure services company that designs, builds, manages and develops large-scale information systems, has appointed Rajita Singh as its chief people...

Will Amazon now lay off 20,000 instead of 10,000?

In mid-November, it was reported that Amazon, the technology and ecommerce giant, was planning to lay off as many as 10,000 employees in the...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...