(Image Source: Wikimedia) How do people set their Salary expectations? Particularly the one who are returning to job-market after a break, returning from other country or switching careers. For instance when I returned from Japan, and was looking forward to my career shift, I asked. Many were tight-lipped. Even friends won’t share the details. And you… Continue reading How people set their Salary Expectations ?
Severance pay is paid for terminating employment .This can be layoff , job elimination ,restructuring or mutual agreement. If employee agreement do not stipulate any serverance pay , there is no obligation on employer to pay. But normally employer get rid of any future claims, litigation through signed release along-with Severance Pay. Severance pay is… Continue reading Severance Pay ,
There was unimaginable fall-out in financial markets recently . Japan too was not different.Bear sterns, J.P. Morgan ,Merry Lynch , Citi-group and biggest of all Lehman !. Example of Lehman was very classic ,while employees were down with week-end hang-over they woke up with the bankruptcy news. Initially there was a ambiguity about whats gonna… Continue reading Bankruptcy and Employee Benefits
As long as there is some-one in your friend-circle earning more than you , you are bound to be unhappy. Firm don’t want you to be unhappy and hence forbid you to discuss about compensation. Humor apart , but back in India I found that this is common topic around water-cooler among friends. I was… Continue reading Salary and Confidentiality