IBM to offer $1,000 Esops to India staff

[OhioChick]

Source: Economic Times of India

31 Jan, 2011, 06.11AM IST

BANGALORE: Coming out of recession, nearly 100,000 IBM India employees are set to receive a $1,000 stock bonus each before June 16, the day when the Big Blue celebrates its hundred years of existence, in a move that will force other multinational and Indian tech firms to dole out more incentives to check attrition.

Sam Palmisano , chairman of IBM, is expected to visit Bangalore during the second week of February and trigger the company’s centenary celebrations by addressing employees apart from holding other meetings with IBM’s customers and scientists at Bangalore-based Indian Institute of Science, at least three people who have been invited to attend these meetings confirmed to ET last week.

In a year when TCS, Infosys and Wipro are preparing to fight the talent war, IBM’s latest move to retain and woo new staff is expected to force many others to explore stock-based incentives apart from other perks. As these tech firms prepare to cope with rising demand for outsourcing, India has become the battleground to hire the most and retain the best performers.

“Hundreds of thousands of IBMers, virtually all across the globe except those at the executive level will receive these stock bonuses,” confirmed an IBM India spokesman.



Read more: http://economictimes.indiatimes.com/news/news-by-industry/jobs/ibm-to-offer-1000-esops-to-india-staff/articleshow/7393865.cms

---

Snip~ "While most of IBM’s 400,000 global workforce are eligible for this perk, the company’s Indian operations, which now employs more staff than even the US, will be the single biggest beneficiary."

[Newsjock]

1. How many U.S. jobs could have been saved with that $100 million?

How about a move to "retain and woo new staff" in the USA?

[notesdev]

6. IBM is the poster child for offshoring good jobs

I watched it happen, and watched a company known for world-class products and support for decades lose that reputation in a handful of years.

[GeorgeGist]

9. Whatcha talkin' bout

Their supercomputers can win at Jeopardy.

[DainBramaged]

2. American jobs for foreign workers, the secret to America's success

We've gone form the industrial powerhouse of the world to the outsourcing powerhouse of the world.

[Earth_First]

3. A big ole 'Fuck You' to the American workforce...

The writing is on the wall, folks.

[Skittles]

4. I'm sure they deserved it

:rofl:

[bkkyosemite]

5. My husband retired from IBM in 87 and......

Has never recieved a cost of living raise on his pension and his promised benefits have all but gone...the leeches........and where is our $1,000 .....

[ChromeFoundry]

7. Let's hand out more tax breaks...

Seems to be working so well for job creation in the US.

:sarcasm:

[hootinholler]

8. I wonder what that grand represents as a percentage of pay?

I think the tech people are making like $20K a year?

-Hoot

[GeorgeGist]

10. I thought Esop ...

wrote fairy tales.