Page 9 - Employees

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

Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move

Second round of sacking to save costs reduces FrontRow's headcount to 45 people

Disapprove moonlighting, but issue not a big problem in company: HCL Tech

HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company. Put simply, moonlighting refers to employees taking up side gigs to work on more than one job at a time. "Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing. Fortunately, he said, moonlighting has not come up as a big problem within HCL Technologies. "We don't have that as big problem that we have too many people indulging in dual employment. It is not a big problem. We have had one or two stray

Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs

The new centre in Guadalaraja will enable the company to serve its local and international client base across industries

Peloton planning to cut additional 500 jobs to reverse losses: Report

To cut costs, the company cut hundreds of jobs, shuttered stores and outsourced delivery to third parties this year

80% of IT employees need better reason to go to office, says report

Several companies, the report claims, have introduced higher variable pay and employee engagement budgets while cutting down the internet allowance to make employees return to the office

Hybrid work creating disconnect between employees, leaders: survey

Hybrid work environment is widening the gap between employees and leaders with 80 per cent employees looking for better reasons to go into office while 91 per cent leaders find it challenging to have confidence in employees productivity, a Microsoft survey report said on Thursday. The survey which covered over 20,000 full-time or self-employed people in 11 countries, including 2,000 in India, found that 91 per cent of Indian employees willing to work from office if they can socialize with co-workers. "93 per cent of leaders in India say getting employees back to the office in-person is a concern. The report finds that people are more likely to come in for each other than any other reason. 80 per cent of employees in India say they need a better reason to go into the office besides company expectations," the report said. The survey was conducted between July 7 and August 2. According to the survey 47 per cent of employees and 58 per cent of leaders in India report that they are alre

Productivity 'hyper focus' hurting employees, causing attrition: Report

Only 9% of managers say hybrid work model gives them confidence that employees are productive

Silicon Laboratories opens new unit in Hyderabad, plans to triple workforce

The new facility would be the largest global centre for Silicon Lab's engineering and wireless connectivity innovation

Amid falling staff strength, PSBs may soon start hiring on a monthly basis

From a peak of 886,490 in 2012-13, staff strength in state-owned banks fell to 770,800 in 2020-21

Moonlighting: No blanket ban in India though several laws frown upon it

The Factories Act is one such, but its provisions don't apply to firms that don't run a factory; many states have their own laws on the matter

EPFO moving towards automation; set to rationalise workforce for efficiency

EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology