Author: HR Talk

General Motors (GM) is revamping its performance evaluation system for salaried employees in the US. The objective is to reward high performers and encourage low performers to either improve or leave. Under the new strategy, the top 5% of employees will receive 150% bonuses, an increase from the previous system. This change will also aid the company in attracting and retaining the talent necessary to achieve its ambitious goals as it shifts towards electric vehicles. The updated performance-ranking system, outlined in an internal memo, introduces a five-scale evaluation range. The rankings range from ‘significantly exceeds expectations’ to ‘does not meet…

TVS Mobility, the holding company managed by the T S Rajam family, has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation (MC) to launch the TVS Mobility Mitsubishi Employee Exchange Programme (TMMEEP). This initiative aims to enhance skills, promote mutual growth, and train the next generation of leaders. Under the agreement, employees from TVS Mobility will be hosted by MC Japan and its partners for skill development and training, with a primary focus on the automotive and mobility sectors, including inspection in auctions and service mechanics. Conversely, TVS Mobility India will host employees from MC, providing them with insights…

Nike is facing a tough year, and recent government filings reveal that the company has seen more job cuts than expected. Reports submitted to the SEC on July 25th showed that Nike’s workforce has reduced by 4,300 employees compared to the previous year, exceeding the approximately 1,600 layoffs announced in February 2023. Initially, Nike had planned to cut two percent of its staff, but the filings show that its workforce is now five percent smaller than it was last year. This significant reduction has had a notable impact on Nike’s operations and stock performance. The recent job cuts have particularly…

Daimler Truck has announced measures to address reduced demand in its European and Asian markets. The truck and bus maker will implement reduced working hours and a job freeze for employees in its truck-making business in Germany. Short-term work will start in September, with further cost-cutting measures under discussion. This reduction in working hours will specifically affect employees at truck manufacturing facilities in Germany, while the bus division remains unaffected. Although job cuts are not currently planned, there will be no new hiring. The company’s first-half total orders, an indicator of future sales, dropped by 10 percent compared to the…

Schindler, a Swiss elevator manufacturer, intends to increase its workforce in India from 6,000 to 10,000 employees, aligning itself with the size of its workforce in China. To support this expansion, the company may establish more training centers in addition to the three it currently operates in India. Schindler’s move is driven by India’s rapid urbanization and growing middle class, which create favorable conditions for elevator manufacturers. This demonstrates the company’s confidence in the sustained market growth in India. Additionally, Schindler’s focus on India reflects a broader trend of companies redirecting their attention to stable and promising regions due to…

WayCool cuts 200 jobs due to financial setbacks

Tech Mahindra adds 2,165 employees in the first quarter of FY25 including 1000 freshers

Manchester United faces massive layoffs as the club undergoes an overhaul

Government staff count has grown for the first time since FY19, and spending per head is also on the rise

Humble Games team has reportedly been laid off due to restructuring