The latest issue of the Business world carries the BW-Gallup Salary Survey 2006
Conducted among 800 employees and HR managers across the top 20 per cent paymasters in the country, the survey throws up many insights that go against the general wind of a booming economy.
1. Compensation doesnt ensure increased stickiness of employees!
Conducted among 800 employees and HR managers across the top 20 per cent paymasters in the country, the survey throws up many insights that go against the general wind of a booming economy.
1. Compensation doesnt ensure increased stickiness of employees!
Career growth is the key-for details do visit th article
2.Bosses Get The Best Raises!
In the manufacturing sector, the lower ranks got 4-11 per cent increments. But the top management took home a 43 per cent raise. In pharma, senior management increments (47 per cent), outstripped those of the junior (40 per cent) and the middle managements’ (5.55 per cent). This was true for every industry, except BPO.
3. In a bid to prevent 'rising salaries' impacting corporate competitivenes, there is an increasing trend to look at variable pay!
2.Bosses Get The Best Raises!
In the manufacturing sector, the lower ranks got 4-11 per cent increments. But the top management took home a 43 per cent raise. In pharma, senior management increments (47 per cent), outstripped those of the junior (40 per cent) and the middle managements’ (5.55 per cent). This was true for every industry, except BPO.
3. In a bid to prevent 'rising salaries' impacting corporate competitivenes, there is an increasing trend to look at variable pay!
Companies are now giving out 14-21 per cent of total compensation through performance awards and other forms of variable pay.
There are a lot of details. For those wanting to keep track of 'what to look out for' and to know 'what their market worth is'- the survey is indeed an eye-opener!
The year 2006 was a boon for all those in the IT and financial services sectors-with the salaries simply astonishingly higher than all others...ranging from 50 % to 130% (!!!) hikes.
The good news..2007 augurs well-according to this survey-for all others -who could not join the party in 2006!
3 comments:
Very good article Mr.Menon,
Could you write on the BPO more?
Thanks,
Mani
Data entry work from home in india, data conversion projects from home, ocr based data conversion work, data processing bulk and single pc projects, Ad posting work from home on pay per postbasis, data entry, data typing work from home in india and world wide.
Thank for informative article about bpo industry
Post a Comment