Page 9 - Employee

Wait for labour codes continues, even as most states publish draft rules

12 states, UTs have so far not published draft rules on at least 1 labour code

Labour pain for pvt domestic airlines as staff threaten mass leave over pay

Aviation regulator DGCA forced to interfere as mass leaves threaten operation and safety

ED probing some entities, employees over irregularities, says IndusInd Bank

IndusInd Bank says it has no credit exposure to the entities being investigated

Unacademy 'not efficient' in finances, will shut some businesses: CEO

Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

No signs of slowdown in attrition at TCS; firm says it has enough hands

TCS which had shared in Q4 of FY22 the hiring target of 40,000 for FY23, said the target remains

e-con Systems opens new site in Bengaluru, eyes $10 million funding

e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel

Employee costs surge over 12% to a record Rs 10.8 trillion in FY22

Employee costs rose over 12% in FY22, the fastest in 8 years

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

Swiggy starts ESOP liquidity programme worth $23 mn, expands offering

Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs

Chile: Man, who got paid 286 times his salary, resigns and disappears

To retrieve the money, the company has now reached out to various agencies and registered a complaint against the employee

Size of India's gig economy, the challenges it faces and possible remedies

While the tribe of contractual workers is growing rapidly, many of the challenges they have been facing remain unaddressed

Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report

Think-tank recommends social security for gig workers

Recovery tracker: Workplace visits rise despite spurt in Covid-19 cases

Power generation, vehicle registrations dip

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

About 50% of Ford's Chennai employees agree to restart production: Official

Unions refute claim, say only 350-odd employees are heading back to shopfloor

LTI's net headcount set to go up this year, sees no decline in demand

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

SpiceJet postpones March quarter results after ransomware attack

Company postpones quarterly results scheduled on May 30

Employers' intent to hire freshers surges by 30% for Jan-Jun, says Report

There is a 30% rise in the intent to hire freshers in the January-June period of this year, as compared to the previous half year, showing a notable recovery in economic activity, says a report.

Great Resignation hits record high with 4.5 million exits in November

The Labor Department also reported that employers posted 10.6 million job openings in November