Page 2 - Employee

ESIC launches SPREE 2025 to expand social security coverage for workers

The Employees' State Insurance Corporation (ESIC) has rolled out Scheme for Promotion of Registration of Employers and Employees (SPREE) 2025 to expand its social security coverage, an official statement said. The corporation approved SPREE 2025 during its 196th meeting in Shimla on June 27 under the chairmanship of Labour & Employment Minister Mansukh Mandaviya. The scheme will be active from July 1 to December 31, 2025 and provides one-time opportunity for unregistered employers and employeesincluding contractual and temporary workersto enrol without facing inspections or demands for past dues. Employers can register their units and employees digitally through ESIC portal, Shram Suvidha and MCA portal. Registration will be considered valid from the date declared by the employer. No contribution or benefit will apply for periods prior to registration. No inspection or demand for past records will be made for the pre-registration period. The scheme encourages voluntary complianc

EPFO adds 1.9 million net members in April 2025, youth dominate entries

Retirement fund body EPFO added 19.14 lakh members on a net basis in April 2025, according to the payroll data released by the Labour Ministry on Sunday. This figure depicts a significant increase of 31.31 per cent over March 2025 and 1.17 per cent growth over April 2024, the ministry said in a statement. The Employees' Provident Fund Organization (EPFO) enrolled around 8.49 lakh new subscribers in April 2025, representing a 12.49 per cent increase over March 2025. This increase in new subscribers can be attributed to growing employment opportunities, increased awareness of employee benefits, and EPFO's successful outreach programmes, it stated. According to the data, a noticeable aspect is the dominance of the 18-25 age group. EPFO added 4.89 lakh new subscribers in the 18-25 age group, constituting a significant 57.67 per cent of the total new subscribers added in April 2025. New subscribers in the 18-25 age group added in the month show an increase of 10.05 per cent compared t

Amazon orders workers to relocate to Seattle, other hubs stirring concerns

Amazon has satellite workplaces around the country, including major metropolitan areas like New York, Boston, Los Angeles, Dallas and Austin, giving workers some flexibility about where they lived

Wipro pays out 90% quarterly variable pay to most of its employees

That is significantly higher than cross town rival Infosys whose variable pay for the same period was about 65 per cent due to a muted business environment

L&T board pay jumps two-fold in FY25, employee headcount shrinks 1.4%

The median remuneration for key managerial personnel (KMP) rose 7.7 per cent to ₹1.85 crore, with one executive listed under this category

Tata Motors pays ₹38,892 cr in taxes, levies in FY25, down 1% from FY24

Tata Motors has paid Rs 38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent as compared with Rs 39,344 crore in the FY24, according to its inaugural Tax Transparency Report. Direct contributions, including, corporate income tax, surcharge and cess stood at Rs 25,766 crore last fiscal as compared with Rs 29,199 crore in 2023-24 fiscal, as per the report. Indirect contributions, including withholding taxes collected from employee/payroll taxes, stood at Rs 12,189 crore in FY25, an increase of 31 per cent against Rs 9,284 crore in 2023-24 fiscal. Other contributions, including provisions for Provident Fund and Employee Pension Scheme, stood at Rs 937 crore last fiscal. It stood at Rs 861 crore in 2023-24 financial year. For the 2024-25 fiscal, the company's consolidated net profit stood at Rs 28,149 crore, compared to Rs 31,807 crore in the preceding financial year. Its total revenue in FY25 was Rs 4,39,695 crore, as against Rs 4,34,016 crore in ...

ICICI Bank unlikely to increase its headcount on a net basis in FY26

ICICI Bank may not increase its workforce in FY26 despite adding branches, as it focuses on realignment, efficiency and digitisation, says Macquarie conference note

Fintech giant Paytm set to go slow on hiring replacements for exiting staff

Paytm's non-sales employee cost dropped 35.6 per cent in Q4FY25 as the company opted not to backfill roles, leaning on AI to enhance productivity and trim expenses

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