Tag: Tata Group
More than half of the 2,000 companies surveyed in the US by the consulting firm, Willis Towers Watson, plan to increase transparency around pay decisions in the next year. Verve, a marketing company, has already listed employees’ salary on an internal document for everyone to see. By 2019, all 1,100 employees at CareHere, a Nashville-based healthcare company, will know the pay ranges for all positions in the company. Another New York-based software company, Fog Creek, ensured the same last year. Employers have long avoided discussing money at work, partly because concealing salary information keeps compensation costs down. But the examples above clearly show that the attitude is starting to change. Can India be transparent when it comes to disclosure of salaries?
Employers run risks retaining employees with lavish counter-offers.
It is not just their existing skills and capabilities that will help professionals stay afloat but a lot more.
S Padmanabhan had replaced NS Rajan in November 2016.
While speculations are rife regarding the numerous triggers that led to this change of guard at the Tata Group, the cadre of leaders under Mistry is definitely being scanned.
As part of this project 180 CXOs and 35 CEOs from 45 group companies will come together to mentor 300 high-potential women executives.
The move would be in the national interest and in keeping with the Group’s rich tradition of nation building.