Page 5 - Employees

Haryana govt hikes dearness allowance by 4% for state govt employees

The Haryana government has announced a 4 per cent hike in dearness allowance (DA) for the state government employees, who are drawing their pay as per the seventh pay commission structure. The DA has been enhanced from the existing rate of 38 per cent to 42 per cent of the basic pay, with effect from January 1, 2023, according to an order of the Finance Department of Haryana Government on Thursday. It said that the enhanced DA shall be paid with the pay of April and arrear for the months of January to March, 2023, shall be paid in the month of May. In a separate order, the finance department said that the state government has also enhanced the dearness relief (DR) by 4 per cent which is payable to the state government pensioners and family pensioners drawing their pension/family pension as per the 7th pay commission structure. The DR has been enhanced from the existing rate of 38 per cent to 42 per cent of the basic pension/family pension with effect from January 1, 2023, the order

Include provisions to protect rights of outsourced staff: Govt to states

The Centre has asked states to incorporate certain provisions in the contracts of outsourced workers to protect their rights amid concerns about underpayment of wages and other benefits. The Ministry of Labour and Employment recently incorporated six statutory obligations on GeM (Government e Marketing) portal in the contract of hiring manpower through outsourcing agencies in Government of India offices in order to protect the interest of the contractual workers, a labour ministry statement said. Of late in a letter addressed to Chief Secretaries/Administrators of all States/UTs, Union Labour Secretary Arti Ahuja has expressed concern about the underpayment of contractual workers engaged in State/UT offices through outsourcing agencies due to unauthorized deduction in wages of such workers made by the manpower hiring agencies. Further, she also expressed concern of the delayed payment of monthly wages to such workers by the agencies and low deposit of EPF (Employees Provident Fund

PwC India to invest Rs 600 crore in next 3 years on employees' welfare

PwC India on Monday said it is investing more than Rs 600 crore over the next 3 years towards holistic learning and development of its employees and across different wellbeing initiatives. The past three years have had a dramatic effect on people, and as a result, individuals are now reassessing what they want to do and how they want to work, the consultancy firm said in a release. "PwC India is committed to investing over Rs 600 crore towards the holistic growth, development and wellbeing of its people through its new People Experience Framework, where our people can experience infinite opportunities," it said. The framework, PwC India added, enables employees to gain access to personalised opportunities that allow them to live their lives how they want to, including meeting the needs of their families, finding work that aligns with their purpose and values, thereby creating an environment in which they are building the skills needed for the future. "...our new people experience .

WeWork India offers employees to surrender up to 25% of vested stock option

Co-working major WeWork India on Thursday announced that its employees are eligible to surrender up to 25 per cent of vested stock options. "WeWork India is conducting its first-ever ESOP surrender exercise, offering employees the opportunity to make the most of their vested stock options," the company said in a statement. "As a token of gratitude for the employees' commitment, efforts and faith in the company, team members associated with the company will be eligible to surrender up to 25 per cent of vested stock options," it added. Karan Virwani, Chief Executive Officer, WeWork India said, the ESOP surrender is yet another step towards wealth creation and empowering people. Over the last six years, WeWork India has expanded to six cities across 45 locations with a member base of over 62,000. WeWork India is one of the leading office space providers, aimed at creating flexible workspace solutions for companies of all sizes.

Will my job be threatened?

Decoding the post-ChatGPT angst

Training helps new employees accomplish goals in one-fifth of time: Report

Only one in nine companies believe that the training doesn't add value to new employee productivity

ZestMoney looking to lay off employees after deal with PhonePe fails

ZestMoney founders held a town hall on March 30 and informed employees about layoffs across depts, say sources; not known yet how many would be asked to go

How forever free Fridays have changed things for this company in India

Beroe, a SaaS firm with 80% employees in India, has been on a four-day workweek for six years

1 in 3 employers use Live cameras to keep tabs on remote workers: Survey

More than one in three employers (37%) use live camera feeds to keep tabs on remote workers, prompting some to quit while others get fired, a new survey found

Disney instructs to identify layoff candidates, may cut 4K jobs in April

It is unclear whether Disney will start laying off employees in small batches or lay off thousands all at once

Apple delays bonuses for some, limits hiring in latest cost-cutting effort

The majority of Apple's divisions had already moved to a once-a-year schedule for bonuses and promotions, including software engineering and services

Engineers who joined in-person perform better than remote workers: Meta CEO

Analysis of performance data suggests that engineers who either joined Meta in-person and then transferred to remote or remained in-person performed better on average than people who joined remotely

Meta to cut 10,000 jobs, close about 5,000 open roles in efficiency push

The Facebook parent company has been marketing 2023 as a "year of efficiency" in an effort to improve its financial performance and achieve longer-term goals

Hiring intentions to remain marginally low in Apr-Jun quarter: Survey

Hiring intentions will remain marginally lower during the second quarter (April-June) this year as employers continue to have difficulty in finding people with the right skills, according to a survey. Employers in India continue to anticipate hiring workers in the second quarter, reporting a seasonally adjusted Net Employment Outlook of 30 per cent, which is marginally lower from the January-March quarter, according to ManpowerGroup Employment Outlook Survey. Hiring intentions remain marginally lower by 2 per cent quarter-on-quarter, while employers continue to have difficulty finding the right talent, it added. The ManpowerGroup Employment Outlook Survey is based on an analysis of nearly 3,020 employers. The survey further revealed that the talent supply with the requisite skills depicted in the sliding shift of employers, experiencing a talent shortage by 3 per cent. "While the skill gap continues to be concerning, in spite of the global economic pressures, India's innate abilit

Employees dumbfounded by how SVB CEO publicly acknowledged financial crisis

"They were being very transparent. It's the exact opposite of what you'd normally see in a scandal. But their transparency and forthright-ness did them in," one employee said

79% employers willing to increase apprentice intake, says report

They regard apprentices help business growth, have skills suited for the market

Enterprise chat app Slack integrates ChatGPT to talk to employees

Salesforce-owned enterprise chat application Slack has announced the new AI-powered app -- ChatGPT app for Slack to deliver instant conversation summaries, research tools, and writing assistance

Meta Platforms planning to lay off thousands more as early as this week

The imminent round of cuts is being driven by financial targets and is separate from the "flattening," said the people, who asked not to be identified

upGrad subsidiary 'Campus' lays off 30% workforce due to lack of VC funding

According to leading startup covering portal Entrackr, citing sources, a lack of VC funding has caused layoffs in the startup ecosystem, affecting especially late-stage organisations

Amazon joins Vishal's Better.com to let employees use stock to buy homes

Amazon has signed a deal with embattled online mortgage lender Better.com run by controversial Indian-origin CEO Vishal Garg to allow employees to use their shares in the company