Page 4 - Employee

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

AI, diversity, inclusion will take centre stage in 2024: Indeed survey

Employees and employers geared up to adopt artificial intelligence at the workplace, with 59 per cent of employees are very confident in their ability to adapt and utilise AI tools, says a survey. According to an Indeed survey, going ahead, diversity and inclusion will take centre stage, as 47 per cent of employers indicate a forthcoming surge in policy adoption. The survey that covered a total of 6,531 individuals, consisting of 1,223 employers and 5,308 employees, noted that the focus will be on adopting AI and meeting the expectations of Gen Z employees. As per the survey, 59 per cent of employees are very confident in their ability to adapt and utilise AI tools. Meanwhile, only 19 per cent of surveyed employers have already implemented or are in the process of implementing next-generation technologies such as Generative AI at the workplace during the coming year. "From the rise in generative AI skills to the enduring importance of programming languages and the growing demand fo

Paytm looks to rationalise employee costs by revising hiring strategy

The company, said to be exploring different ways to save on employee costs, has laid off a few employees for 'poor performance'

Rs 3 lakh is the median sum insured offered by India's employers: survey

Fifty-six per cent of companies offer maternity benefits, while less than one per cent of companies offer holistic cover for people with disabilities and 60% of companies offer new age insurance

Byju's ex-employees charge it of missing full and final settlement deadline

Edtech major BYJU'S former employees have alleged that the company has failed to meet the deadline for full and final settlement of laid-off workers. BYJU'S workforce has come down to 31,000-33,000 at group level from 50,000 in October 2022. "I am writing to bring to your attention that I have not received my Full and Final (FNF) payment within the specified timeframe of 45 days and it's about 90 days and I did not get proper resolve from separation team fnf team and all," a former BYJU'S employee wrote on a social media platform. When contacted, the employee claimed that full and final settlement of many employees whom he knows has not been settled yet. An employee sent out an email to several media persons claiming that he was promised by the HR manager at BYJU'S that he would be paid the September month salary along with one month's severance pay by October and later he got an email which deferred the date to November 17. The employee said that the payment is still getting ...

GenZ workplace expectations: Professional growth, competitive pay structure

93% of GenZ employees said that they not only want to climb up the corporate ladder but also aspire to reach C-suite positions like chief executive officer and chief finance officer

Social security benefits for salaried employees shrinking post pandemic

Workers in rural areas, women hit harder

Retirement planning for self-employed: Invest in NPS, PPF and MF SIPs

Instead of reinvesting all surplus in business, invest a part in accumulating a corpus

Swimming against the tide

In this age of AI, creating an employee-first culture may seem counter-intuitive. But not if you believe in the primacy of building human relationships at the workplace