Page 2 - Employee

Pay of global CEOs up 50% since 2019, 56 times higher than workers: Oxfam

Noting that the average pay for CEOs in India has reached USD 2 million a year, a new study by research and advocacy group Oxfam said the average pay for global CEOs surged by 50 per cent in real terms since 2019, against a 0.9 per cent hike in average worker's wages. Every hour, billionaires pocket more wealth than the average worker earns in an entire year, the analysis said, underlining that the average gender pay gap in 11,366 corporations worldwide narrowed slightly from 27 per cent to 22 per cent between 2022 and 2023 -- yet their average female employee still effectively works for free on Fridays, while their average male employee is paid through the week. "This is a 50 per cent real-term increase from USD 2.9 million in 2019 (adjusted for inflation) -- a rise that far outpaces the real wage growth of the average worker, who saw a 0.9 per cent increase over the same five-year period in countries where CEO pay data is available," the analysis said. Ireland and Germany have som

Most employees of Indian companies considering changing jobs in 2025: Study

Aon's 2025 Employee Sentiment Study also found that only 7% of employees in India feel undervalued, compared to 13% globally

Indian startups respond to Piyush Goyal's ecosystem comment

Goyal on Thursday had questioned if startups were content with low-paying gigs

Food delivery platform Zomato lays off nearly 600 customer support staff

This is also happening due to increased usage of artificial intelligence (AI) in its customer services function

Bengal govt gives nod for ad hoc bonus of Rs 6,800 for section of employees

The West Bengal government decided to extend an ad hoc bonus of Rs 6,800 to all its employees who do not come under any productivity-linked bonus system, and have revised monthly emoluments below Rs 44,000 in March, a senior official said on Wednesday. An order in this regard was issued by the finance department on Tuesday which also stated that employees belonging to the Muslim community would be receiving the bonus before Eid-ul-Fitr festival, scheduled later this month, while others would have it in the September 15-19 period, he said. Pensioners would get an ex gratia of Rs 3,500, the official said. The state government also decided to sanction an interest-free advance up to a maximum of Rs 20,000 for those employees having monthly emoluments not exceeding Rs 52,000 in March, he said referring to the order of the finance department.

60% of Indian employers plan to use AI for salary benchmarking, rewards: EY

India Inc. expected to witness average salary increase of 9.4% in 2025, says wide-ranging report

Indian Oil ties up with Novac Technology Solutions for employee upskilling

This strategic partnership between IOCL and Novac Technology Solutions signifies a monumental leap forward in workforce development and learning innovation within the energy sector

Gurgaon employee fired within 20 days for 'tea breaks,' 'leaving on time'

20 days after starting work at a startup, a Gurugram employee was fired for allegedly having an 'attitude problem' and for 'leaving on time' and having tea breaks with coworkers

Back to office? Not so soon: Nearly 50% workers prefer flexibility

Post-pandemic, work-from-home (WFH) has emerged as a key priority for employees, with human resource (HR) professionals struggling to strike a balance between remote and in-office work

Booze breaks & hangover leave: Japan's IT firm is redefining work culture

Trust Ring Co, an Osaka-based IT company, believes that a little fun can go a long way in keeping employees happy

BlackRock planning to hire 1,200 people to expand 2 support hubs in India

BlackRock is also inheriting a so-called global capabilities center with roughly 1,500 staff in Bangalore through its proposed purchase of data firm Preqin

8 months' pay to quit? Trump's offer to 2 million federal workers explained

The Trump administration expects up to 200,000 workers- about 10 per cent of the federal workforce- to accept the deal, potentially saving $100 billion

78% of Indian employees prioritise family over work, reveals report

Amid debate over striking a work-life balance and L&T chairman SN Subrahmanyan recommending a 90-hour work week, a report has revealed that 78 per cent of employees interviewed said their aim is to prioritise family.. According to global job site Indeed's 'Future Career Resolution report there is a significant shift in the priorities of Indian employees, with nearly four in five (78 per cent) stating they aim to prioritise family time with spouses, children and parents over career advancement in 2025. Employees want less stress and more focus on mental well-being while being in well-paid jobs that they enjoy and offer flexibility for family and personal interests, it added. "We're definitely seeing a shift in what matters to Indian workers. More and more, people are telling us they want to find a better balance between work and home life. While earning more is important, the dream career for most isn't about moving up the ladder - it's about feeling secure, being paid fairly, and .

We're confident of hiring 40,000 freshers from campuses this year: TCS CHRO

He talks about why this quarterly decline is not indicative of a slowdown in demand, and how TCS is positioning itself as an AI-first organisation

Biden signs law to increase Social Security benefits for public employees

President Joe Biden on Sunday plans to sign into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers, firefighters, police officers and in other public service jobs. Advocates say the Social Security Fairness Act rights a decades-old disparity, though it will also put strain on Social Security Trust Funds, which face a looming insolvency crisis. The bill rescinds two provisions the Windfall Elimination Provision and the Government Pension Offset that limit Social Security benefits for recipients if they get retirement payments from other sources, including public retirement programmes from a state or local government. The Congressional Research Service estimated that in December 2023, there were 745,679 people, about 1 per cent of all Social Security beneficiaries, who had their benefits reduced by the Government Pension Offset. About 2.1 million people, or .

'Who Is This Bloody Person?': FIITJEE chairman DK Goel berates employees

A video showing DK Goel, the chairman of FIITJEE, scolding employees in an online conference has gone viral. The video shows Goel speaking to an employee in an aggressive manner

EPS subscribers with Rs 1,000 pension increases by 3% to 3.66 mn in FY24

The annual report data also shows that the central government provided a support of Rs 957 crore during FY 24 for the minimum pension

India reshapes its workforce to plug into the electric vehicle era

TaMo to upskill half its workforce in 5 years; Tamil Nadu teams up with World Bank to fuel the transition

Mkt regulator Sebi mulls new appointment process for key officials at MIIs

Proposes to align their hiring process with that of MD

Ensure employees' UAN is active to avail ELI scheme benefits: Govt to EPFO

The Ministry of Labour & Employment has directed the EPFO to ensure the Universal Account Number (UAN) of employees is active to avail the benefits of Employment Linked Incentive (ELI) Scheme. EPFO will involve their zonal and regional offices for effective outreach, the ministry said in a statement. "To ensure that maximum number of employers and employees benefit from the ELI Scheme, it has directed EPFO to work in a campaign mode with employers and ensure activation of UAN of employees," the Ministry said. UAN activation provides employees with seamless access to EPFO's comprehensive online services, enabling them to efficiently manage their Provident Fund (PF) accounts, view and download PF passbooks, submit online claims for withdrawals, advances, or transfers, update personal details, and track claims in real time. This allows employees 24/7 access to EPFO services from the comfort of their homes, eliminating the need for physical visits to EPFO offices. In the first stage,