Infosys, TCS Shares Bleed As H-1B Bill Proposes Minimum Pay Be Doubled

31-01-2017

The legislation tightens employee protection by stipulating that employers may not reduce beneficiary wages. HIGHLIGHTS A Bill has been introduced in US Parliament to curb misuse of H-1B visas. Bill proposes to double minimum salary of H-1B visa holders to $130,000. This is more than double of the current H-1B minimum wage of $60,000. Shares of India's top IT companies crashed today after a legislation was introduced in the US House of Representatives which calls for doubling the minimum salary of H-1B visa holders to $130,000. In a brutal one hour, the top four - TCS, Infosys, Wipro and HCL Technologies - saw nearly Rs. 48,000 crore wiped out from their market value. The

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About 700 Microsoft employees will be laid off next week, sources say
January 21, 2017

Microsoft is expected to conduct another round of layoffs next week when the company reports its quarterly earnings on January 26. About 700 jobs are expected to be impacted, according to someone familiar with the matter. That is not a huge number compared to Microsoft's workforce of about 113,000 people, but we understand nerves have been

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Amazon just launched a new training program to help employees in danger of being fired
January 21, 2017

Amazon is rolling out a new training program this week aimed at helping underperforming employees placed on the company's infamous performance improvement plan, according to an internal email obtained by Business Insider. The new program, called "Pivot," pairs the underperforming employee with a "subject matter expert" called Career Ambassadors

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Infosys `releases’ 9,000 employees with automation in 2016
January 21, 2017

Infosys has "released" about 8,000-9,000 employees in the past one year because of automation of lower-end jobs, the company's human resources head Krishnamurthy Shankar said. He said these employees are now working on more advanced projects. "We have been releasing about 2,000 people every quarter and also training them in special courses

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V K Sharma Tipped To Be Next LIC Chairman
October 15, 2016

New Delhi: Life Insurance Corporation’s acting chairman V K Sharma is likely to be given full-time charge of the top post. LIC acting chairman V K Sharma is likely to get full-time charge of the top post. The vacancy was created after S K Roy resigned in June, nearly two years ahead of his retirement as chairman of the insurance

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What Every Employee Should Know About Their Benefits Plan
October 1, 2016

  More than two-thirds of organizations are struggling to fill full-time positions. This is because there aren’t as many job applicants, and those who do apply, often lack the required skills for the job. Now employers are competing to find—and keep—qualified candidates. As a result, businesses are offering people competitive

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Are you fit to work?
September 15, 2016

According to psychologist Daniel Goleman, "Emotional intelligence matters twice as much as technical and analytical skill combined for star performance... And the higher people move up in the company, the more crucial emotional intelligence becomes." Going back in time, there were jobs for everyone. However, since then the rules have changed

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