Word: compensationitis
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In CNPC's deal with Baghdad, locals would be given work doing security for the facility alongside local police. But the jobs did not seem to satisfy the expectations of the residents. "We did not get a job and our house is suffering from unemployment," says Umm Mohammed, 65, who...
If that sounded ominous, it was. In April, just a couple of months into CNPC's operations in Ahdab, power lines and equipment were sabotaged and stolen. Ministry and government officials downplay the April upheaval. Provincial authorities claim they have arrested a handful of vandals, who apologized and were released...
But even as pay improves a bit, the perks are dwindling. "The landscape may be permanently changed in terms of what American employers are able to provide in total rewards," says Sejen. "Many employees will be looking at permanently reduced levels of compensation and benefits." The areas where HR officials...
News of the steep reduction came Monday, as final budgeting announcements were made across the Faculty of Arts and Sciences, Wilkinson said. FAS is currently planning a major internal restructuring to help it cope with what is projected to be a $220 million deficit over the next two years. The...
But University spokesman Kevin Galvin noted that compensation costs account for half of Harvard's operating budget, and also pointed to the other cost-cutting measures implemented by the University before the layoffs, including a voluntary early retirement program, a salary freeze for faculty and non-union staff, and strictly...