Page 14 - Employees

Tata Steel global CEO and group ED get remuneration raise for FY21

Average percentage decline in employees' salary 2.6% due to pandemic

3 in 4 Indian workers keen on flexible remote work, says Microsoft report

While more than 3 in 4 Indian workers are keen on flexible remote work options, 57 per cent employees feel overworked as digital intensity increases in the country, a new Microsoft report showed

upGrad plans to hire over 1,000 employees in 3 months as demand grows

Global edtech firm upGrad on Tuesday said it is planning to hire over 1,000 people in India in the next three months across departments to address the growing demand of the company. The opportunities will be across departments like Learning Experience, Delivery, Marketing, and Program, along with Sales which will remain predominant, upGrad said in a statement. The edtech company will be hiring from its own learners' talent pool through upGrad Rekrut hiring drive. The fresh Sales recruits will work in a 'Temporary Safe Workplace Bubbles' across 5-star hotel properties in Mumbai and Bangalore, which will further extend to cities like Hyderabad, Delhi and Kolkata. "Our hiring plan is a result of the rapid growth that we have seen in the last 18 months. With global expansions taking shape, we are all set to ramp up our support and business teams to continue meeting the strong demand for LifeLongLearning that we are experiencing, upGrad CEO- India, Arjun Mohan added.

Deutsche tells US investment bankers they must be back in office by Sep 6

Deutsche Bank is still working through how much flexibility it will offer employees over the long term, according to a separate memo earlier this week from investment-banking chief

53% Indians dodged office calls feigning devices were updating: Kaspersky

Kaspersky says the excuses are plausible in some cases because software updates can disrupt workdays

JP Morgan earmarks $3.8 mn in aid for India employees amid Covid-19

Global investment banking major JP Morgan Chase has increased its COVID-19 support to the country manifold, taking the total planned aid to close to USD 16 million, of which USD 3.8 million is for supporting its over 35,000 employees in India. The head of the Wall Street major Jamie Dimon had on April 30 had committed an upfront USD 2 million financial aid along with an appeal to its over 2.5 lakh employees globally to chip in which would be matched by an equal amount by the company. In an internal communication on Thursday, which PTI has seen, Filippo Gori, the chief executive of JP Morgan Asia Pacific, said the bank has set aside USD 3.8 million for the care of its over 35,000 India employees, and an additional USD 10 million is being earmarked in phases to support the needy in their pandemic recovery phase. We've committed an additional USD 3.8 million to support our colleagues in India in their fight against the virus in 2021. This money will be used for medical insurance, 24x7

LIC employees' wage hike proposal yet to get government approval

"It is under process and with the ministry. Whenever it happens, we will share with the employees," said a source in LIC

Just 1 in 5 of world's biggest listed firms disclosed data about workforce

Just one in five of world's biggest listed companies disclosed data about their workforce in a survey run by a $7 trillion investor coalition, as they respond slowly to pressure to be transparent

Professionals confident about progress despite uncertainties: Survey

Professionals in India are confident about their career progress despite growing uncertainties about the job market and financial future in the current environment, says a survey. According to the latest LinkedIn Workforce Confidence Index, there has been a decline in India's overall confidence, as the composite score dropped from 58 in December 2020 to 54 in January 2021. The survey attributes this dip in optimism to the workforce's growing concerns about the status of the pandemic, surmounting expenses, and job availability in the present economic climate. This professional uncertainty comes right after the year-end holiday season, when India's hiring rate dropped to 17 per cent year-over-year in December 2020, according to the latest edition of LinkedIn's Labour Market update. The survey findings from January 1-29, based on responses of 1,752 professionals, noted that despite growing uncertainties 80 per cent professionals are confident about skilling opportunities, while 79 per

Mahindra Group registers interest to seek Covid-19 vaccines for employees

Diversified Mahindra Group on Friday said it has registered interest to seek COVID-19 vaccines for its employees, as per priorities and sequence to be specified by the government.

Will provide Rs 938 cr to civic bodies to pay up employee salaries: Sisodia

The Delhi government will provide Rs 938 crore to three municipal corporations to pay up pending salaries of their employees, Deputy Chief Minister Manish Sisodia announced

Employees feel left behind as firms expand pace of digitisation amid Covid

As company leaders accelerate the pace of digitisation in the wake of the pandemic, the research reveals that as many as 94 per cent of employees are eager to be part of the solution

Nearly 50% employers hired only virtually in 2020, finds Indeed survey

Nearly one in five employers also said that virtual hiring reduced bias in the recruitment process

Amazon faces charges of illegally firing warehouse worker in US

Amazon is facing charges of violating labour laws in the US for firing warehouse worker Courtney Bowden of Pennsylvania.

Railway employees stage protest across India over delay in payment of bonus

Thousands of railway employees staged protests across the country against the "inordinate delay" in payment of productivity-linked bonus, defying warning of stringent action by the Railway Board

Central govt employees to get Rs 10,000 interest-free festival advance: FM

Finance Minister Nirmala Sitharaman said festival advance was discontinued from 6th Pay Commission for central government employees

Covid-19: Over 41% workers in India face increased burnout, says report

India had the second highest percentage of workers facing increased burnout in Asia at 29 per cen

This founder is giving his first 50 employees $233 million of his stock

Nikola said the grant of options for shares of common stock won't dilute shareholders and there will be no compensation by the company to the founder

Results show companies cutting employee costs as coronavirus hurts recovery

June indicates a change in trend from previous quarters in terms of how much companies are spending on employees

Centre relaxes norms for employees who could not join work due to lockdown

It said that curtailment of a sanctioned leave may not be agreed to in case the leave of government servants expired during the lockdown period