Companies spread an array of counteroffers to win over talent

A mid-level executive working in the analytics team of a multinational company recently resigned to join an ecommerce firm due to a lucrative offer, a counteroffer and a sweet offer to counter the counter.

People aware of the development said that he has joined the e-commerce firm as a vice-president after rejecting a counteroffer of a promotion and a nearly 40% pay hike from his current employer.

A team leader from the multinational said, “In monetary terms, executive salaries jumped almost 100%… the e-commerce company has also promised Esop.” “We couldn’t compete with that offer.”

India Inc, grappling with great resignations after the Covid-19 pandemic, is now embroiled in salary negotiations, offers and counteroffers to acquire and retain talent amid a 21% attrition rate, the highest in two decades .

Experts said many more workers are bargaining hard and playing against their current employers and potential each other to get the best deal.

According to research conducted by professional services firm Aon India, 90% of employees who resigned in the recent past were offered lucrative counter offers by their current employers, but only 35% of them stayed back.

Research says that about 20% of people who get a counter offer go back to the company offering the job and even squeeze out a “counter-counter” offer before joining. .

Rupank Choudhary, Partner, HCS Aon India, said, “India is experiencing the highest number of 21% layoffs in the last two decades, and many companies are using counteroffers to deter employees who are clearly are spoiled for choice.” “On the other hand, employees, especially at the middle and senior levels, are using offers and resulting counteroffers to better position their current salaries in the external job market.”

As per the AON report, companies pay an average of 10-20% increase over competitive offers to attract or retain talent.

Research shows that 38.8% of companies had to jump up to 10% on counteroffers, while 29.8% of companies had to give 20% on counteroffers and in about 2-3% of cases. To increase the salary by 50% over and above the counteroffer.

Anandorup Ghosh, partner, Deloitte India, said, “There is a lot of money available in the system at the moment and most of the offers and counter offers are a result of this.”

In some cases, experts said, the motivation may not be money alone.

Originally published at Pen 18

Attacks bust government claim of normalcy, says People’s Alliance for Gupkar Declaration

The People’s Alliance for Gupkar Declaration on Saturday said the continuing targeted killings in Kashmir busted the story of the administration’s normalcy, asking them to discuss the issues of Kashmiri Pandits and find solutions to the issues mutually. Will ask for an appointment with the Lieutenant Governor of Jammu and Kashmir.

The PAGD leadership led by Farooq Abdullah and Mehbooba Mufti met a delegation of Kashmiri Pandits, who expressed their concerns, apprehensions and demands. PAGD – A mix of regional parties formed in October 2020 with the aim of making efforts for restoration of special status and statehood of J&K held detailed discussions with the Pandit delegation and also within the leadership.

“Bloodshed is a daily story in Kashmir… Rahul’s murder has shook the entire society. We all share in his misery… When the entire subcontinent was burning in 1947, Kashmir is the only place where No one got a scratch or injury… This is the tradition of Kashmir that we have to maintain and revive,” said CPI(M) leader and PAGD spokesperson Muhammad Yusuf Tarigami.

Originally published at Pen 18

50% youth quota proposal fuels ‘age vs experience’ debate at chintan shivir

The in-camera discussion by members of Congress Chintan Shivir on organizational reforms on the draft proposal is understood to have featured an animated rant about ‘performance against age’, ‘youth energy against efficient experience’ and ‘zeal against staying power’. Debate has broken out. For 50% quota for the age group below 50 in all party panels.

The proposal means that many senior Congress leaders will have to vacate some organizational space. This is even as the original demand for revival of the Congress Parliamentary Board of Congress change seekers has now been passed through the Committee for Final Approval for the Congress Working Committee (CWC).

In the in-camera debate – which was continuing when it went to press – attempts are being made to find a consensus on the CWC’s final resolution, failing which the issue may be left to the Congress President or the Congress President. CWC will finalize Udaipur manifesto on Sunday.

People aware of the debate said there was broad consensus about the need to encourage youth content with leadership slots, with delegates clearly divided on the way to go about it, and against “leadership competency”. Youth quota” was intended to be pursued.

Some representatives argued that instead of 50% quota for youth, limit the in-house quota to 50% by covering all eligible categories—youth, SC-ST, OBC and minorities.

According to sources, several members—particularly representatives of ‘Team Rahul’, who is seen as the brain behind the concept of ‘Make-Youth-Replace-Elders’- insisted that the youth be increasingly Should be brought into organizational leadership roles and that seniors who are too old may still be around but in “advisory panels”.

However, many others have said that age does not matter in politics, but whether one is “active”, “performing”, “politically skilled” and brings “the benefits of experience”. He also referred to some of the recent failed “youth experiments” on the organizational and electoral fronts, and how the Youth Congress “used it to prevent internal elections: the use of money force only in place of “nomination through consensus”. The pro-young side’s proposal for an “advisory panel for the elderly”, these leaders reminded them that when PM Modi created the “Margshan Mandal”, it was ridiculed by the AICC saying that the Congress She respects both her elders and young people.

Originally published at Pen 18

Naagin 6, May 14, Written Episode: Maha Asur And Nevla Plan to Poison Amrit Kalash as Pratha Feels Helpless! – Pen 18

Naagin 6, May 14, Episode Written: Pratha aka Tejaswi Prakash wants to talk to Mahek (Mahek Chahal) about Rainaksh aka Zeeshan Khan. Suddenly Pratha hears Samaira’s shouting. When she enters her room Rehaan denies and Samaira lies that she slipped in the bathroom. Seema aka Sudha Chandran announces that Anya’s roka with Rainaksh will take place on her wedding anniversary with Lalit. Rainaksh says it was love at first sight with Anya

Pratha told Mehak Rainaksh the weasel!

Later Pratha tells Mahek that Rainaksha is a mongoose. Mehak tells Pratha that the mongoose is always cruel and separates the snakes. She tells that once the mongoose was dear to Lord Kubera but became greedy. Pratha learns from her elder sister that the mongoose can smell anything from afar and never grows old. Mehak recalls that the battle between the mongoose and the Nag-Nagin has been going on for centuries. Pratha learns that the only way to kill the mongoose is to strike his eye with an iron. Watch this video of Naagin 6:

Rainaksh scared of mouse trap!

Pratha and Mehek try to get Chanda’s memory back. Chanda tells them about Bannu. Meanwhile, Rishabh aka Simmba Nagpal brings his father home from the hospital. Seema warns Lalit to keep his mouth shut if he wants to see Rishabh alive. Seeing the rat trap in his room, Rainaksh gets terrified and gets terrified. He asks Anya to take it away as he is scared. At the anniversary party, Pratha shows the family a slide show on the projector. In a picture, Lalit is seen holding Chanda’s hand. When Rishabh asks his parents about it, no one responds. When he asks Chanda she reveals that Lalit is her husband.

Rishabh punches Rainaksh!

Rainaksh manages to manipulate the situation and announces that he is taking his mother away. As Pratha gets tired of stopping him, he pushes her to the floor. Rishabh gets furious and punches Rainaksh. The marriage is postponed. As the mongoose tries to run away with Seema, her car is stopped by Mehak who turns into a serpent. Sheshnagin and Mehak fight with Neola, however, Neola later overpowers them and takes Chanda away. He tells Chanda to take her to the nectar kalash or he will kill her son Rishabh. Chanda begs him not to harm Rishabh and agrees to take him to the place where the Amrit Kalash was buried.

Maha Asura calls Rainaksh and asks him to hand over the phone to Chanda so that Pratha can talk to her real mother-in-law. Pratha asks Chanda not to tell about the Amrit Kalash. Chanda tells him that she will do whatever they ask to save Rishabh. Pratha believes that she is defeated. Maha Asura tells her that she will poison the nectar kalash to destroy India.

In the upcoming episode, the mongoose takes Chanda to the forest to collect the nectar kalash. Sheshnagin hit Rainaksha’s eye with a spear. As his identity is not revealed, Bannu is seen chasing him along with Nevale.

Watch this space on India.com for more updates on Naagin 6.

Originally published at Pen 18

Monsoon likely to arrive early this year: Met Department

The India Meteorological Department (IMD) on Friday said that the Southwest Monsoon is likely to advance into Kerala earlier than normal this year.

“This year, the onset of southwest monsoon over Kerala is likely to occur earlier than the normal date,” it said in a statement. “The onset of monsoon over Kerala is likely on 27th May with a model error of ±4 days.”

The Met Office said the progress of the southwest monsoon over the Indian mainland is marked by the onset of monsoon over Kerala and is an important indicator that characterizes the transition from a hot and dry season to a rainy season.

In the Indian monsoon region, early monsoon rains are experienced over the South Andaman Sea and the monsoon winds then move north-westwards into the Bay of Bengal.

“As per the normal dates of onset/progress of monsoon, the southwest monsoon advances over the Andaman Sea around May 22,” the IMD said.

Conditions are becoming favorable for further advance of Southwest Monsoon into some parts of South Andaman Sea, Nicobar Islands and southeast Bay of Bengal around May 15, 2022.

The southwest monsoon contributes 74.9% of the annual rainfall. The June-September monsoon is important for agricultural production and economic development as almost 60% of India’s agricultural land depends on rainfall.

Reservoir condition

The Central Water Commission said that the live storage of 140 important reservoirs for the week ending May 12 is 58.759 Billion Cubic Meter (BCM), which is 12.869 BCM more than the average of the last 10 years.

This is equivalent to 33% of the storage capacity at the entire reservoir level.

Originally published at Pen 18

india: Prannoy wins decisive match against Denmark to steer India to historic Thomas Cup final

HS Prannoy produced a lion-hearted effort in the deciding fifth match as the Indian men’s badminton team scripted history by reaching the title match of the Thomas Cup final for the first time with a 3-2 win over Denmark. Seat semifinals, here.

The Indian team, which has never progressed beyond the semi-finals since 1979, showed tremendous fighting spirit as it came down a match to oust the 2016 champions.

World Championships silver medalist Kidambi Srikanth and world number eight doubles pair of Satwiksairaj Rankireddy and Chirag Shetty put India in the limelight while the tie was once again left to HS Prannoy after the tie was tied 2-2.

Prannoy suffered an ankle injury after slipping on the front court on his way back against world No. 13 Rasmus Gameke, but the Indian continued to play even after taking a medical timeout.

He looked in pain and his on-court movement also seemed restricted, but against all odds, he put up a sensational 13-21 21-9 21-12 to register India’s name in the history books.

India will now take on 14-time champions Indonesia, the most successful team in history. Indonesia beat Japan 3-2 in the semi-finals.

It was a credible performance from the Indian team, which broke a 43-year-long wait last achieved in 1979 by reaching the semi-finals with a 3-2 win over five-time champions Malaysia on Thursday.

It was always going to be an uphill task for India to tame the formidable Denmark, which in 2016 became the first European country in history to claim the title.

World Championships bronze medalist Lakshya Sen did a lot given his recent win over Viktor Axelsen in the German Open Super 300, but he could not repeat his performance as the world number one beat Denmark 13-21, 13-21. A comfortable win to beat from 1-0 lead.

Denmark decided to split the world number 9 pair of Kim Astrup and Anders Skarup Rasmussen into two halves, with Astrup partnering Mathias Christiansen in the first doubles.

However, Rankireddy and Shetty put on a stellar performance to get India back into the competition, beating Astrup and Christiansen 21-18 21-23 22-20 in the final leg.

The Indian pair faced five match points – two in the second game and three in the third game – before converting one to bring joy back to the Indian camp.

With the tie locked 1-1, world number 11 Srikanth and world number 3 Anders Antonsen are engaged in a battle for supremacy in the second singles, with the former at the top with a 21-18 12-21 21-15 result. With has come on top. India lead 2-1.

India’s second doubles combination of Krishna Prasad Garaga and Vishnuvardhan Goud Panjala, however, was no match for Anders Skarup Rasmussen and Friedrich Sogard, losing 14–21, 13–21, as the tie was reduced to 2–2 after the fourth match. was placed on.

The veteran Prannoy then lost in the first game but took an unbelievable 11-1 lead in the second game despite the injury. He relied more on his attack to collect points while JemK failed to put pressure on the Indian.

Prannoy dominated the front court and soon returned to the competition with GameK making a lot of mistakes.

23rd-ranked Prannoy sealed his right with his trademark smash as Gemke’s defense was in shambles. The Indian was up 11-4 at the interval and dominated the proceedings.

With the Impact Arena resounding with “HSP” slogans, Prannoy secured nine match points with a straight line smash and sealed it on the second occasion as his teammates gathered together in celebration.

Originally published at Pen 18

One/Of Resort 2023 – WWD – Pen 18

since its launch Made-to-Order, Durable Ready-to-Wear Label One/Of in 2021, New York designer Patricia Voto is expanding her offerings in both silhouette and construction. For the resort, the designer was inspired by a trip to Mérida, Mexico, to add youthful figures to its romantic lineup, while offering a limited amount of direct-to-consumer fashion made from high-end, deadstock fabrications. continued his first approach. Brands and global meet.

“I never thought I’d be a designer who went on a trip and felt really inspired by something, and then here we are,” Voto said during a preview. “I went to Merida for a wedding; When I came back, a lot of fabric swatches that were in the moment came from because they were in bright, cheerful colors and a mix of pretty but bold patterns. ,

For the resort, Voto explained that introducing more fitted and tailored pieces, showing glimpses of skin and patchwork fabrication were the keys to the expansion. For example, versatile fitted dresses with thin straps or high-waisted and belted skirts featuring small bra tops in prints ranging from florals (both romantic and retro) to geometric motifs. Voto also notes that lately she has been sourcing a high amount of materials, such as a selection of fabrics at the former Dries Van Noten Fabrication.

To tie it all together, Voto is back Merida will photograph its Resort Collection look book.

sight: Modern Romance.

Quote of note: Speaking about its bespoke process, Voto explained that its seasonal sizes are “suggested.” Adding this during a client appointment at his atelier, “What’s up is we’ll bring in new silhouettes and fabrications, and if someone says, ‘I love this fabric, but I need it in a coat,’ we’ll walk out. Coat sampling – it’s totally collaborative. We want people to feel like they’re getting something they can wear over and over again with a special feel. It’s an investment in their wardrobe.”

Main pieces: high-waisted skirts with midriff-baring bra tops (ranging from a voluminous floral-printed skirt with a twisted closure or an eyelash-fringed midi skirt with romantic lace and floral blouses); Myriad versatile outfits from day to night (with snuggly details and shoulder-baring silhouettes); new boxer shorts; button-up shirting; Duvalroy limited-edition fans in Allied alumni shoes, and seasonal leftovers build.

Takeaway: Voto’s youth resort balances her signature, modestly romantic outfit well.

Originally published at Pen 18