Page 8 - Employees

Twitter temporarily closes its offices after Musks's ultimatum to employees

The closure until Monday came after more workers than expected opted for the latter option, causing confusion over who should still be allowed access to Twitter premises

EPFO to appoint actuary firm for its pension and insurance schemes

The approved consultant will be empanelled with the EPFO headquarters in New Delhi for a tenure of three years

Economic uncertainty a threat for flexi-work model: LinkedIn research

71% of business leaders surveyed in India want employees to work more frequently from office, instead of WHF. Despite this, 82% believe hybrid working is here to stay for the longer term

Twitter bankruptcy possible if cash burn doesn't stop, Musk tells employees

Confidence in the company has eroded so rapidly that, even before Musk's bankruptcy comments, some funds were offering to buy the loans for as little as 60 cents on the dollar

Facing deportation, sacked workers on US visas say Meta abandoned them

The affected workers have now created a WhatsApp group to share their concerns. A majority of the about 300 people in the group are from India, the report said

77% employees think work-related stress induces anxiety, depression: Report

Work-related stress leads to adverse effects on employees' mental health and reduces work efficiency, with 77 per cent respondents saying stress can induce anxiety and depression, according to a report. While 77 per cent of the participants in the survey confirmed that work-related stress can induce anxiety and depression, 14 per cent were neutral and a meagre 9 per cent denied the possibility altogether, according to HR solutions provider Genius Consultants' report. The report is based on a survey among 1,380 employees from September 5 till October 15, 2022, across sectors like banking and finance, construction and engineering, education, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics and manufacturing. The report further revealed that 82 per cent of the participants validated that health issues like immunodeficiency disorders, gastrointestinal disorders and musculoskeletal disorders are directly connected with work-related stress, while 14 per cent remained neutral a

Human Rights to Accessibility Experience: Key Twitter teams axed by Musk

Days after taking control of Twitter, Elon Musk, on Friday, began firing hundreds of employees in departments across the company.As per Tech Crunch, key Twitter teams including Human Rights, Accessibility, Al Ethics and Curation have been axed so far by the Tesla CEO.The particular news was also confirmed by fired employees on social media. Many posted farewell messages confirming that they have been let go under the mass layoff at Twitter by the microblogging site's new boss Musk.Human RightsIn a tweet, former Twitter Human Rights Counsel Shannon Raj Singh shared news that the company's human rights team was eliminated on Friday."Yesterday was my last day at Twitter: the entire Human Rights team has been cut from the company. I am enormously proud of the work we did to implement the UN Guiding Principles on Business & Human Rights, to protect those at-risk in global conflicts & crises including Ethiopia,Afghanistan, and Ukraine, and to defend the needs of those ...

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Twitter fires majority of employees in India as part of global layoffs

The lay-offs in India were across segments such as policy, communication, engineering and development, said sources in the know

Cognizant introduces 'two merit cycles' for employees to rein in attrition

Cognizant Technology Solutions has introduced a one-time, 'two merit cycles' for calendar year 2022 (CY22) for its employees to arrest attrition

Trade unions urge Centre to scrap four labour codes, convene conference

Write to labour minister Bhupender Yadav stating that the codes curtail the rights and protective provisions contained in existing statutes, impose more derogatory working conditions on workers

Kerala govt to meet Byju's executives on Nov 2 as 170 staff asked to resign

A meeting was called by the officials of the labour department on October 25, but the company did not appear for meeting

Soaring inflation set to dent salary hikes for second year: Survey

The worst-hit region is likely to be Europe, where real salaries - nominal wage growth minus the rate of inflation - are seen being driven down an average 1.5 per cent

The toughest challenge before bank HR

Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes

Consultancy companies doubling capacity in sustainability divisions

According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

Diversity in India Inc: Sexual harassment plaints below pre-pandemic levels

This four-part series examines diversity, equity, and inclusion in Corporate India. Part 3 examines sexual harassment in the age of remote work - and the absence of awareness

More US companies charging employees for job training if they quit

Nearly 10 per cent of American workers surveyed in 2020 were covered by a training repayment agreement, said the Cornell Survey Research Institute.

Govt notifies 12% wage hike for employees of PSU general insurers

The Finance Ministry has notified an average 12 per cent wage hike for employees of four public sector general insurance companies effective from August 2017. "This Scheme may be called the General Insurance (Rationalisation of Pay Scales and other Conditions of Service of Officers) Amendment Scheme, 2022," a gazette notification dated October 14, 2022 said. This wage revision is effective from August 1, 2017 and applicable to those who were in the service of these companies, it said, adding that officers and employees will get arrears for five years. The next revision due from August 2022 will be in the form of a variable pay based on the performance of the company and the employee, it added. Unions are not happy with imposition of pay linked to performance of the company and their performance. "We are having strong reservations against the way the wage revision has been done after the wait of 64 months. Linking wages with performance seems to be illogical as we employees underta

Moonlighting: Why service companies are missing the wood for the trees

Both by sacking employees for moonlighting and insisting they turn up to the office daily, employers disregard both productivity and employee morale