Items tagged with raise

After being put under the microscope by the media and, more recently, by its customers following a rash of suicides that occurred at its Shenzhen, China factory, Foxconn said it is issuing another round of significant pay raises, the second time that this has been done this week. According to a report in The New York Times, Foxconn plans to raise basic salaries for most of its 800,000 workers in China to nearly $300 a month within the next 90 days. That's about double what the workers were making just a couple of weeks ago, and also is indicative of rising labor costs in China's biggest manufacturing... Read more...
According to a filing with the Securities & Exchange Commission Intel CEO Pault Otellini’s overall compensation packaged more than doubled from $5.9 million to $12.1 million last year. A 104% increase sounds good to us, and Intel’s stock ‘leaping ahead’ 33.6% probably sounded good to investors."Otellini's pay hike was the result of trying to bring his compensation package in line with those at peer companies, Intel said in the SEC filing. The bulk of the 2007 increase came from giving his total cash compensation a 91 percent jolt to $4.7 million, while his base pay received a 10 percent increase... Read more...
Eyebrows were raised last week when reports came in saying that AMD CEO Hector Ruiz received a 7.4% raise last week, despite the problems the semiconductor company is having.  We can all rest easy knowing it's just a misunderstanding.It turns out that a senior member of AMD's public relations staff erred when confirming Thursday afternoon--prior to publishing this report--that Hector was given a raise this week. The raise in question actually came last year, and the $1,046,358 in the proxy statement reflected that Hector spent part of 2006 making $950,000, and part of 2006 making $1,124,000.... Read more...
Everybody wants a raise. But substantial wage growth depends not only on the value of the work you're doing, but also on a local shortage of people that can perform that work. It appears there's lots of IT work in Australia, and not enough people to do it, as IT salaries have gone up almost 12% in the last year alone."The survey taken over the past 12 months by one of Australia's largest IT recruiters, Greythorn Group, shows that Australian salaries in positions such as .Net development, business analyst, database administration and project management are matching and in some cases surpassing those... Read more...
Open source information on the web has transformed the way we find out about things. How about some open source information on wages? The New York Times has a round-up of internet services where if you'll show them yours, they'll show you everybody's. Wages, that is. More extensive salary surveys are done for corporations, but a regular employee could not hope to buy the information from any of the other major compensation companies like the Hay Group or Mercer. "We wouldn't give it to you," said Iain Fitzpatrick, general manager of the reward information service division of Hay. The... Read more...
Asustek and Gigabyte, two of the largest motherboard makers in the world, recently announced that they will be joining forces to build a new company that will combine production of their motherboard and graphics card products. This comes after rumors that Gigabyte was in danger of being bought out by their competitor, Foxconn. InfoWorld speculates that while the deal will benefit the industry and keep Gigabyte from being swallowed by a take-over, it may result in less competition and higher prices for end consumers. "Despite lower raw material costs, the two companies will hold more market... Read more...
Corsair Raises the Bar for Ultra High Performance DDR2 Memory   -- Shipping immediately, the new NVIDIA SLI-Ready TWIN2X2048-8500C5 and the TWIN2X2048-6400C4 set new performance standards for the enthusiasts --     Fremont, CA (May 22, 2006) - Corsair Memory, the worldwide leader in design and manufacture of high performance memory, today announced broad availability of the world's first production DDR2-1066 and DDR2-800 low latency 2GB kits. The new TWIN2X2048-8500C5 and the TWIN2X2048-6400C4 are optimized for the upcoming NVIDIA nForce 590 chipset based motherboards and feature... Read more...