Page 4 - Employee

TVS Mobility, Mitsubishi Corp sign deal for employee exchange programme

MC Japan will host employees from TVS Mobility and train them in automotive and mobility sectors

Employer-employee hiring expectations gap continues to grow: Report

Around 34 per cent of organisations in the country struggle to find the right talent and one in three grapples with retaining existing employees as the gap between employer expectations and employee realities regarding hiring and retention continues to grow, according to a report. Even as employers and job seekers agree that flexibility, higher salaries and career progression are top priorities, employees value company culture and ethics more than the organisations realise while organisations overvalue the importance of brand and incentives, said Michael Page 'Talent Trends 2024 - India Expectation Gap' report. Coming out of the pandemic, a convergence of factors resulted in a subtle but transformative change in workplace dynamics, with people thinking more holistically about the value their job gives to their lives, said Nicolas Dumoulin, Michael Page Senior Managing Director for India, Thailand, Philippines, and Vietnam. Michael Page 'Talent Trends 2024 - India Expectation Gap' .

73% of Indian workers surveyed content with their salary: ADP Survey

ADP's annual flagship survey, People at Work 2024: A Global Workforce View, reveals that salary continues to be the most important factor for Indian workers surveyed in a job (55%)

Centre issues warning of strict action against its employees for tardiness

The Centre has warned of strict action against its employees for tardiness and said that habitual late attendance and early leaving from office should be viewed seriously by the authorities concerned. The move comes after it noticed that several employees were not registering their attendance in an Aadhaar Enabled Biometric Attendance System (AEBAS) and "some of the employees have been coming late on a regular basis". In an order, the Personnel Ministry suggested use of a mobile phone-based face authentication system that provides "live location detection and geo-tagging" among others as well. The matter of strict implementation of AEBAS has recently been reviewed and taking a serious note of the laxity in its implementation, it is "reiterated that all MDOs (ministry/department/organisation) will regularly monitor the attendance reports", according to the order. "Habitual late attendance and early leaving of office should be viewed seriously and be essentially discouraged. Strict .

Gratuity for central govt employees hiked by 25%: Know details

Following a 4% increase in the dearness allowance (DA), the government has decided to raise the gratuity limit by 25%

How to claim gratuity after resigning: Process and documentation

If a company, be it in the public or private sector, has 10 or more employees working in its organisation, it must pay gratuity to its employees

Employers taking measures to promote diversity, gender parity, says report

A significant percentage of employers in India are taking active measures to promote diversity and gender parity through progressive policies, upskilling, and flexibility and have realigned their hiring strategies by mandating women hiring at every level across sectors, says a report. According to New research conducted by ManpowerGroup India, 54 per cent of employers in India expressed optimism on their company's Diversity, Equity, Inclusion and Belonging (DEIB) initiatives being on track in increasing women participation at different levels, way above the global average of 46 per cent. The survey that examined 3,150 Indian employers, noted that internal leadership development programmes are most effective to help retain and secure diversified talent. Sector-wise, the Information Technology (IT) sector leads the way in strengthening its diversity ratio, closely followed by the healthcare and life sciences sector and financials and real estate sector, whereas the consumer goods and

India ranks first in adoption of GenAI across Asia-Pacific: Deloitte India

The report said that GenAI could significantly affect 17 per cent of working hours across the Asia Pacific, amounting to almost 1.1 billion work hours annually

Job applicant sends their CV through Blinkit: "The hustle is real"

A job applicant was looking for a job and shared his CV and cover letter through Blinkit. An X user, Aditya, shared a post on X and wrote "the hustle is real"

In a first, IT services major Infosys sees a drop in net headcount

Total for FY24 stood at 317,240, down 7.6% from 343,234 in FY23

Asked to work from home, then fired: How Stellantis laid off 400 employees

Stellantis laid off around 400 employees in a video call after asking them to do work from home on a particular day. They will now get a comprehensive separation package and transition assistance

80% people feel gig workers will overshadow traditional workforce: Report

With a steady growth in demand for freelancing jobs in the country, a report on Wednesday said that 83 per cent of respondents believe that going forward, the gig workforce will overshadow the traditional workforce. The report by staffing solutions and HR services provider Genius Consultants is based on an online survey among 1,310 employees across sectors such as banking and finance, education, FMCG, hospitality, HR solutions, IT, ITES, and manufacturing. An overwhelming 83 per cent of respondents believe that the gig workforce will eventually overshadow the traditional workforce, indicating a paradigm shift in the employment landscape, the report said. The report further said that 79 per cent of those interviewed view the gig workforce structure as more cost-effective and economical compared to traditional, permanent, and contractual talent, revealing potential benefits for businesses adopting gig models. Meanwhile, the report found that 64 per cent of employees anticipate an ...

Centre hikes dearness allowance to 50% of basic pay for its employees

The Centre on Thursday hiked Dearness Allowance (DA) to 50 per cent of basic pay from the existing rate of 46 per cent effective from January 1 this year, benefitting over 1 crore employees and pensioners ahead of general elections. The Union Cabinet has approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners from January 1, 2024, representing an increase of 4 percentage points over the existing rate of 46 per cent of the basic pay/pension, to compensate against price rise, Union Minister Piyush Goyal said after the Cabinet meeting. The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs 12,869 crore per annum. The impact would be Rs 15,014 crore during the year 2024-25 (January 2024 to February 2025). With the increase in DA, transport allowance, canteen allowance, and deputation allowance among others have been increased by 25 per cent. House Re

Challenges in Implementing Novel Systems for Shop Floor Employee Compensation

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GCCs become attractive choice for talent on back of better pay, growth

According to talent management firm Randstad, there is a 20-25 per cent lateral movement of talent from IT firms to GCCs across sectors due to several factors that extend beyond salaries

Religious minorities see sharper loss of regular wage jobs: PLFS data

Overall, the share of workers having wage/salaried employment has declined to 20.9 per cent in 2022-23 from 23.8 per cent in 2018-19

LIC employee unions refuse 14% salary hike offer by management

LIC has a five-year wage revision policy and last raise was given to employees in 2017

Everything you need to know about Australia Right to Disconnect Bill

The legislation aims to prevent the exploitation of workers who are only paid for their designated work hours

Uttarakhand govt increases pending DA of PSU, corporations' employees

As per the release, the dearness allowance of employees drawing from the seventh revised pay scale has been increased from 38 percent to 42 percent

Missed timelines, manpower crunch pose challenges for insolvency resolution

Resolution of most of the stressed assets under the insolvency law missed their timelines amid a shortage of staff at the National Company Law Tribunal (NCLT) and the appellate tribunal this year, which also saw aviation players seeking solace in insolvency provisions albeit without much success. As the Insolvency and Bankruptcy Code (IBC) timelines stretched well beyond their specified limits, the companies undergoing the resolution process saw an erosion in the value of their assets. As of September this year, creditors have realised Rs 3.16 lakh crore by way of resolutions under the IBC since it came into force in December 2016, as per data from the Insolvency and Bankruptcy Board of India (IBBI). In 2024, NCLT and the National Company Law Appellate Tribunal (NCLAT) are expected to conclude important Corporate Insolvency Resolution Processes (CIRPs), including that of Future Retail, Go First and Reliance Capital. The latest data showed that 67 per cent of the ongoing CIRPs misse