Citibank takes its 'pulse' lunch for healthy profits

Article Abstract:

Citibank's head of Singapore operations Sunil Sreenivasan is holding monthly lunches with employees in order to improve morale and retain workers. While head of Citibank's Malaysian operations between 1995 and 1998, Sreenivasan's lunches greatly improved employee and customer satisfaction, making the turnover rate almost nonexistent. Now many Citibank offices hold employee lunches with managers.

United States, Commercial Banks, Commercial Banking, Malaysia, Banking industry, Achievements and awards, Citibank N.A. (New York, New York), Sreenivasan, Sunil

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Companies make staff morale top priority

Article Abstract:

TMP Worldwide eResources surveyed 400 Hong Kong employers regarding employee relations in the face of an economic slowdown. Forty-eight percent are planning to freeze hiring this quarter and 4.5% may have to lay off some of their staff. The telecommunication, information technology and financial services industries show the steepest decline in job openings.

Hong Kong, Employee Termination, Statistical Data Included, Economic aspects, Employee morale, Employment terminations

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Companies rely on lessons learned from economic crisis

Article Abstract:

Businesses can learn from companies who survived Asia's economic crisis on how to compensate for slowing economies, by changing the way they recruit and compensate employees. Paying for performance, restructuring benefits packages, and hiring locally are some of the techniques that may be employed to save money.

Financial management, Asia, Methods, Business, Compensation and benefits, Workers

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