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NEW DELHI: Faced with rising attrition and frequent job hoppers, companies are exploring ways to keep their employees hooked and engaged while delaying their departures. From innovative insurance schemes, subsidised degrees and diplomas from top-notch colleges to deferred bonuses and in-house mutual funds, compensation experts and companies are doing all they can to retain their employees. Especially, high attrition sectors like retail, telecom, financial services, IT and ITeS are party to these innovative schemes.
For companies not listed on stock exchanges, shadow options are being used to retain employees. Candidates are being provided the book value of the shares over a period of 3-5 years, a part in third year, a part in fourth year and the rest, if you stick on for the fifth consecutive year in the company. Kicker bonuses - performance-linked bonuses paid over a staggered period - are also being used for the senior management. Retention bonuses have worked well for companies in reducing attrition. “It worked when Gecis and BPL Mobile were being sold. People were asked to stay on for 18 months and promised huge bonuses.” says EMA Partners International’s managing partner K Sudarshan.
The high-growth retail is another sector that is experimenting with some of these retention schemes. Two months back, Pantaloon Retail introduced a unique insurance plan, where relatives of an employee, in the event of death, get the pay package as the insured sum for the service period left in the company.
Pantaloon Retail HR head Sanjay Jog says: “This is particularly beneficial as the pay packages are revised at equal intervals. It has received immense response from the employees and families.” It is specifically targeted to the top three levels, starting from store managers.
Subsidising management development programmes are also drawing attention among employees. Companies are doing it for entry level and mid-management candidates. Some even sponsor the spouses along with employees for management programmes at Harvard, and pay back a certain percentage of the fees after completing the course and returning to the companies.
GE Money is an case in point. It has tied up with Mudra Institute of Communications, Ahmedabad, to offer a marketing course for graduates who have spent more than 6 months in the organisation. About 75% of the fees for the one-year course will be reimbursed if they stay back. Pantaloon Shishya, an employee training and development program, has helped it control attrition, the company said. But nothing compares with the cash-based plans. Mercer India’s human capital product solutions business leader Gangpriya Chakraverti says, “New economy companies are paying out 25-30% as cash bonuses if employees stick on for 12 to 24 months.”
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The TOEFL results comprise four different scores : a total score (0-300),
a separate score for Listening section (0-30),
a separate score for Structure/Writing section (0-30) and
a separate score for Reading section (0-30).
The total score is reported on a scale from 0 to 300.
Note that your Essay score will individually be rated (0-6). However the essay score is incorporated into the Structure/Writing scaled score with the rating of essay constituting approximately one half of the Structure/Writing scaled score. You get to know your Listening and Reading section scores immediately after taking the test. You will also see your Structure/Writing scores as
Computer-based Test
How the Test Is Scored
In the Listening and Structure sections, more credit is given for correctly answering a hard question than for correctly answering an easy question. Therefore, your score on these portions of the test depends not only on how many questions you answer correctly but also on which ones you answer correctly.
Your score from the Structure section is combined with your written essay rating to form a Structure/Writing scaled score. Each part accounts for 50% of your Structure/Writing score. The Writing score also is shown separately under the heading, “essay rating.”
Because the content and format of the
Cracking the CAT or the Combined Admission Test is just not enough to get into the IIMs. Your Class X and XII marks matter more.
IIM-Bangalore has revealed the details of just what it takes to get into one of the country's top B- schools.
Contrary to popular perception, CAT scores make up only one-fifth of an aspirant's final score. Other criteria include the applicant's X and XII results, which together account for almost 25 per cent of the final score.
More : ibnlive.com
Creating history of sorts, IIM-B has made its admission process for class 2008 public. After terming its selection procedure a trade secret, the institute has now come out with the details. And in the process has dropped a bombshell: admission to IIM-B will also depend on how good you are in English!
Besides the usual group discussion (GD) and Personal Interviews (PIs), the institute has added another component before selecting a student -- language score -- for admissions 2008.
Significantly this year, the score for GD and GD summary content has gone down from 7.5 to 5. A new criteria
ICFAI Business School, Mumbai (IBS-M) ranks 15th on placement (with a total score of 211.86) in the Cosmode Management Centre-Business World Top 100 B-Schools Listing of 2004. The ranking was based on performance on the following parameters: industry interface (which had a weightage of 50 points in the total validation score of 300), alumni (15 points), students offered stipend, foreign placed and students selected per recruiter (10 points, each), average salary offered (100 points), qualitative evaluation (30 points) and validation score (75 points). The validation score was highest for schools that submitted all supporting documents. IBS-M has scored 32.2 points
The admissions process for the third batch of IIM-As Post Graduate Programme in Management for Executives (PGPX) is now complete.
IIM-A received 1352 applications this year, which is an increase of about 60% over the previous year. IIM-A is targeting a batch size of 80 with one section.
The average GMAT score for the entering batch of 2008 is a high 731. This is amongst the highest in the world. For instance, the entering class of 2006 at Harvard Business School had an average GMAT score of 707, and Wharton had an average GMAT score of 713.
More : mbauniverse.com
Jagan Institute of Management Studies (JIMS), Delhi ranks 25th on placement (with a total score of 191.02) in the Cosmode Management Centre-Business World Top 100 B-Schools Listing of 2004. The ranking was based on performance on the following parameters: industry interface (which had a weightage of 50 points in the total validation score of 300), alumni (15 points), students offered stipend, foreign placed and students selected per recruiter (10 points, each), average salary offered (100 points), qualitative evaluation (30 points) and validation score (75 points).
The validation score was highest for schools that submitted all supporting documents.
JIMS has scored 34.6 points
Graduate Health Professional Associations
Universities and other institutions that use TOEFL® scores have begun to set their TOEFL iBT score recommendations or requirements. These initial score standards will be reviewed by the institutions after the first year of testing.
The TOEFL iBT score scale is:
Test Section Score Range
Listening 0 to 30
Reading 0 to 30
Speaking 0 to 30
Writing 0 to 30
Total Score 0 to 120
TOEFL iBT provides more information about the applicant’s abilities to communicate in an academic English language environment. To make best use of the score information, some institutions plan to set section or skill score requirements either by themselves or
The following are guidelines for scores relating to the Writing portion of the TOEFL CBT/PBT test:
Score of 6
An essay at this level effectively addresses the writing task
is well organized and well developed uses clearly appropriate details to support a thesis or illustrate ideas displays consistent facility in the use of language demonstrates syntactic variety and appropriate word choice.
Score of 5
An essay at this level may address some parts of the task more effectively than others is generally well organized and developed uses details to support a thesis or illustrate an idea displays facility in the use of the language demonstrates
HYDERABAD, JAN. 12. Ram Kishan Yadav claimed the men's 25 metre rapid fire pistol gold on the concluding day of the Sardar Sajjan Singh Sethi memorial master shooting championships at the Sports Authority of Andhra Pradesh range in the University of Hyderabad on Wednesday.
On duty as a commando with the I Para SF (Special Forces), he was used to the 9mm Beretta. Here his weapon was a Walther, the bullets a little longer under the new ISSF rules, that had the .22 gun recoiling more.
Not surprisingly, his score of 572 fell far short of his personal best of 592. The
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