HR News: 17 Apr, 2017

1.

Snapdeal to retain talent with attractive baits

The company is not only planning to offer pay hikes but may also distribute nearly 1 per cent of its stock to about 150 employees.

Snapdeal, that has been wading through some turbulent times in the past few months, amid business losses and consequent layoffs, recently reportedly said it will offer an average pay hike of 12–15 per cent.
Speculations are rife that the e-commerce major is looking to assure employees of their positions, as it looks for a potential buyer. The pay revision will apparently be effective from April 1 and will see salaries of employees at the mid- and junior-levels go up by an average 12–15 per cent.
Interestingly, only a few months back, the founders wrote in an official message to the employees that owing to their past mistakes, they will take a ‘100 per cent pay cut’. Now, the company is offering the senior management a hike of 9–12 per cent. The company may also reportedly offer 20–25 per cent raise to exceptional performers.
If some reports are to be believed, the organisation plans to distribute nearly 1 per cent of its stock to about 150 employees.
The decision to dole out such lucrative incentives comes at a time when Snapdeal's largest investor, SoftBank, is apparently working towards the sale of the e-commerce platform and a final decision is likely to be made in the next few weeks.

2.

Employer has the final say on probationer’s job: Delhi High Court.

According to the judgment, the employer has the right to decide whether the employee’s services are satisfactory or not.
While upholding the termination of services of a teacher by a private school in the national capital territory, Justice Valmiki Mehta of the Delhi High Court made an observation that an employer has the right to decide whether or not the employee’s services are satisfactory.
He said, “This court cannot substitute its view for that of the employer, with respect to satisfactory services or otherwise of the employee with the employer."

Justice Mehta passed the judgment for a legal suit between a private school teacher and his employer, that is, the private school. The teacher’s services were terminated in March, 2014. The school had kept him on probation for nearly three years as his work was not found to be satisfactory.

3.

UST Global expands workforce: Adds over 3000 people in Bengaluru

This addition, most significant for the company, further strengthens the service capacity of the Bangalore facility, which is its second biggest delivery centre globally.

In line with its expansion plans, UST Global, a US-based digital technology services company, recently announced the expansion of its workforce, in Bangalore, to over 3,000.
With the Bengaluru facility being the company's second biggest delivery centre, globally, this enlargement makes it stronger in terms of service capacity. The company has over 10,000 employees in India out of the over 17,000 globally.
Manu Gopinath, chief people officer, UST Global, said, "We are in the journey of being one of the fastest-growing technology companies focussed on building digital solutions for our customers. Our Bengaluru centre is a key factor in our hybrid model and we are looking forward to more growth in that centre."