Page 7 - Employees

2022: When the pendulum moved from great resignation to great return

The controls are back with employers, and WFO with a degree of flexibility is the office-way for now

Beware of information paucity and liquidity risk in unlisted shares

Even seasoned investors should bet only 5-10% on such securities

No proposal for restoration of old pension scheme: Bhagwat Karad

There was no proposal under consideration of the central government for restoration of the old pension scheme, Minister of State for Finance Bhagwat Karad informed Parliament on Monday. Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last drawn salary as pension. However, the pension amount is contributory under the National Pension System, which is in effect from 2004. In a written reply, Karad said, the state governments of Rajasthan, Chhattisgarh, and Jharkhand have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their employees. The government of Punjab on November 18, 2022 has issued a notification regarding implementation of the OPS for the state government employees who are presently being covered under the NPS. "The state governments of Rajasthan, Chhattisgarh, and Jharkhand, have sent ...

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

Centre allows 100% WFH for IT units in SEZs till December 31, 2023

The new rule states that a unit will have to only maintain the lists of employees who are allowed to follow WFH or from any place outside SEZs

Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues

The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021

Want a four-day work week? Show the results of research to your boss

Data released Tuesday show the organizations involved registered gains in revenue and employee productivity, as well as drops in absenteeism and turnover

Layoffs happening and likely to hit hundreds: CNN to employees

Employees at the company had been anxiously bracing for the layoffs since Licht informed them last month that "unsettling" changes lie ahead

Grounded Jet Airways' cabin crew association moves NCLT for liquidation

Banks oppose consortium plea for handover of the company

Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks

This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm

Twitter loses entire Brussels office after Musk's hardcore working culture

The small office of six employees was cut to two in recent weeks following Elon Musk's dramatic culling of staff, according to people with knowledge of the exits

Elon Musk's 'hardcore' management style: A case study in what not to do

Musk, the world's richest man, appears in a hurry to make Twitter into a money-spinner, but it takes time to understand the requirements for successful organisational change

Govt to fix cut-off date to change pension conditions for employees: HC

Entitlement to post-retirement benefits is based on the terms of the services and it is open for the Central government to fix a cut-off date for the purposes of changing the conditions relating to payment of pension to its employees, the Delhi High Court said on Monday. The observations came on a batch of petitions by some high court employees challenging a Central government office memorandum (OM) which said that the coverage under the Central Civil Services (Pension) Rules, 1972, i.e. the Old Pension Scheme was confined to only to those candidates who were recruited against vacancies arising on or before December 31, 2003 and the selection results were declared on or before April 1, 2004. According to the government's new pension scheme, all other employees, which included the petitioners who received their appointment letters after the cut-off dates, would participate in the National Pension Scheme which is a contributory scheme. The petitioners submitted that they had applied f

As moonlighting gains traction, most employees feel it is unethical: Report

With moonlighting gaining traction in the country, most employees (81 per cent) interviewed said they do not wish to indulge in it and feel that it is unethical, according to a report. Less than one out of five employees (19 per cent) surveyed wants to moonlight while a majority of the workforce (81 per cent) said they do not wish to take up another job alongside their current work and cited it as unethical, according to global site Indeed's quarterly hiring tracker. Most moonlighting situations that may require an employer to develop a moonlighting policy occur when the moonlighting employee has a 'primary' usually full-time position and a 'secondary' or part-time position, it added. This Indeed report is based on a survey by Valuvox among 1,281 employers and 1,533 job seekers and employees between July and September 2022. The survey respondents were segregated into cities and further categorised into large, medium and small organisations and sectors. Moreover, the report reveale

Fired by Elon Musk or Mark Zuckerberg? The old economy is there for you

British lender Barclays Plc is offering support for laid-off workers looking to start new fintech businesses and hopes to fill some of its thousands of technology job vacancies.

Another 1,200 employees quit Twitter amid mayhem after Musk's takeover

key infrastructure teams have been "decimated" at Twitter and Musk sent an email to employees asking them about the details regarding the underlaying technology.

Asian businesses embrace work from home but bosses say no to four-day week

Attitudes vary across the region. Singapore, Australia and New Zealand are most likely to embrace flexible working. China, Japan and India are the least receptive to it

Twitter's mass exodus of employees under Musk spurs fear site will decay

Multiple teams that were critical for keeping the service up and running are completely gone, or borrowing engineers from other groups, according to people familiar with the matter.

Elon Musk's 'hardcore' ultimatum sparks exodus, leaving Twitter at risk

So many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property.

Best people are staying, so I'm not super worried: Musk on Twitter exodus

Twitter's new owner Elon Musk has said that he is not super worried over the future of the social media giant as the best people are staying, after hundreds of employees appeared to have left the company following a deadline by him that they commit to what he has dubbed a "hardcore Twitter 2.0" or quit. Twitter fell into a pitless chaos after several employees appeared to have departed the company, which sent messages that it was closing its office buildings for the next few days. The best people are staying, so I'm not super worried, Musk tweeted in a response to a tweet by a user who said What do people mean when they say Twitter is gonna shut down? Doesn't it kinda run itself? I feel like engineers are for changes not to just keep it running? I also don't know anything. Hey @elonmusk wanna do a Twitter space with me? Im confused. In another tweet, Musk, the world's richest person, said And we just hit another all-time high in Twitter usage lol. Let that sink in The New York Tim