The number of companies with in-house corporate universities, with dedicated faculty and curriculum for training employees, has hit 4,000 worldwide. As a result many firms have stopped paying to send their managers to outside business schools. – The Economist
Employers are increasingly offering one-time bonuses and financial perks in lieu of salary increases. Bonuses made up a record 12.7 percent of the average payroll budget last year, according to HR advisory firm Aon Hewitt, up from 3.9 percent in 1988. The share of payroll budgets devoted to salary increases was 2.9 percent, down from a high of 10 percent in 1981. – The New York Times
As mentioned in previous blogs, the employment landscape is changing. Keep yourself marketable through continuous learning and striving to do your best!