Page 2 - Jobs And Employees

Employer-employee hiring expectations gap continues to grow: Report

Around 34 per cent of organisations in the country struggle to find the right talent and one in three grapples with retaining existing employees as the gap between employer expectations and employee realities regarding hiring and retention continues to grow, according to a report. Even as employers and job seekers agree that flexibility, higher salaries and career progression are top priorities, employees value company culture and ethics more than the organisations realise while organisations overvalue the importance of brand and incentives, said Michael Page 'Talent Trends 2024 - India Expectation Gap' report. Coming out of the pandemic, a convergence of factors resulted in a subtle but transformative change in workplace dynamics, with people thinking more holistically about the value their job gives to their lives, said Nicolas Dumoulin, Michael Page Senior Managing Director for India, Thailand, Philippines, and Vietnam. Michael Page 'Talent Trends 2024 - India Expectation Gap' .

Formal job creation hits 10-month high with 985K new subscribers: EPFO data

Surge in young and female subscribers signals recovery in labour market

Karnataka Labour Minister presses Byju's to resolve former employees' dues

Labour Minister Santosh Lad revealed that approximately 160 to 200 employees had approached the Labour Department, with total outstanding dues amounting to around Rs 4.5 crore

73% of Indian workers surveyed content with their salary: ADP Survey

ADP's annual flagship survey, People at Work 2024: A Global Workforce View, reveals that salary continues to be the most important factor for Indian workers surveyed in a job (55%)

14% Indians feel they are thriving in workplace, 32% feel stressed: Report

A report by Gallup 2024 State of the Global Workplace revealed that 35 per cent of Indian respondents were experiencing daily anger, the highest in South Asia

Tech firm AiDash announces launch of first ESOP buyback programme

Enterprise SaaS firm has more than 300 employees in India

Employers taking measures to promote diversity, gender parity, says report

A significant percentage of employers in India are taking active measures to promote diversity and gender parity through progressive policies, upskilling, and flexibility and have realigned their hiring strategies by mandating women hiring at every level across sectors, says a report. According to New research conducted by ManpowerGroup India, 54 per cent of employers in India expressed optimism on their company's Diversity, Equity, Inclusion and Belonging (DEIB) initiatives being on track in increasing women participation at different levels, way above the global average of 46 per cent. The survey that examined 3,150 Indian employers, noted that internal leadership development programmes are most effective to help retain and secure diversified talent. Sector-wise, the Information Technology (IT) sector leads the way in strengthening its diversity ratio, closely followed by the healthcare and life sciences sector and financials and real estate sector, whereas the consumer goods and

Job applicant sends their CV through Blinkit: "The hustle is real"

A job applicant was looking for a job and shared his CV and cover letter through Blinkit. An X user, Aditya, shared a post on X and wrote "the hustle is real"

Asked to work from home, then fired: How Stellantis laid off 400 employees

Stellantis laid off around 400 employees in a video call after asking them to do work from home on a particular day. They will now get a comprehensive separation package and transition assistance

CM Banerjee announces 4% DA hike for WB govt employees from Jan 1

West Bengal Chief Minister Mamata Banerjee on Thursday announced that her government would be giving a four per cent raise in dearness allowance (DA) to all its employees from New Year's Day. Banerjee made the announcement while speaking at the inauguration of the Kolkata Christmas Carnival 2023 at Allen Park in Park Street area of the city. "I announce that all 14 lakh state government employees, teaching and non-teaching staff of all schools, colleges and universities, and employees of all statutory undertakings and parastatals and pensioners would be getting another instalment of 4 per cent DA from January 1, 2024," Banerjee said. Stating that the provision of DA is mandatory for the central government whereas it is "optional" for the state, Banerjee said that for the DA hike, her government would have to bear an additional expense of Rs 2,400 crore. "For us, DA is not mandatory but optional. Considering their well-being, we are giving this 4 per cent DA hike," she added. West

Employers in India bullish globally on hiring in 2024 March qtr: Survey

Corporate India's hiring sentiment for the next three months is one of the highest across the world, with 37 per cent of employers planning to increase their staff strength amid buoyant domestic demand conditions, says a survey. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,100 employers across sectors and regions, the Net Employment Outlook (NEO) in India is the highest amongst 41 countries. The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter. "Domestic demand remains buoyant, and private investments continue to flow in making India a lucrative economy. With stability in the political arena, progressive India is not a dream but a reality," Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, said. As pe

GenZ workplace expectations: Professional growth, competitive pay structure

93% of GenZ employees said that they not only want to climb up the corporate ladder but also aspire to reach C-suite positions like chief executive officer and chief finance officer

Dunzo to settle ex-employees dues in 3 months, firm restructuring underway

Logistics and delivery firm Dunzo plans to settle dues of former employees in next three months while it is regularising salary for its current employees, sources said. The firm backed by Reliance Retail and Google said that while its co-founder Davlir Suri has decided to leave the company, another co-founder Mukund Jha will continue be part of the strategic leadership team. "In June salary of 85 per cent employees were paid. Salary of current employees for the month of July is pending and rest of month salary has been cleared. The July month salary will also be cleared in some time. Dues of ex-employees will be settled in the next three months," a source, who did not wish to be identified, told PTI. The development comes after Dunzo raised USD 75 million in April, and fired about 300 employees in the first half of this year as part of cost-cutting measures. The company in total has raised around USD 457 million. Another source said that the company has plans to lay off around 150

E-recruitments fall 8% in Sep as cos focus on upskilling existing employees

E-recruitment activities in India declined 8 per cent in September as hiring stagnated with companies focusing on upskilling their existing employees, a report said on Tuesday. According to the 'Foundit Insights Tracker', e-recruitment activities in the country dipped 8 per cent in September compared to the year-ago period, while hiring declined by 2 per cent month-on-month. "India is experiencing a temporary hiatus in hiring as companies focus on upskilling their current employees to the changing landscape before hiring new talent. However, our economic prospects are bright and resilient against global headwinds," Sekhar Garisa CEO of Foundit, a Quess company, said. "The rise in real wages and disposable incomes is boosting demand, particularly in private health insurance, retail, and consumer durables," he said. Additionally, he said improved access to finance, infrastructure upgrades, green initiatives, and policy reforms further contribute to a favourable business environment t

Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees

According to the new timeline provided in an email to sacked employees, employees can now expect to receive their outstanding payments by November 17, as against the earlier September 15 deadline

Under new labour laws, unused leaves beyond 30 will be paid for by employer

The new regulation will do away with the system where unused leaves used to lapse beyond a certain time limit

7.58 million benefit from ARBY employment scheme, exceeding initial goal

The Aatmanirbhar Bharat Rozgar Yojana (ABRY) was launched in October 2020 to incentivise employers to create more jobs

After quiet quitting & quiet firing, are companies now quiet cutting?

Quiet cutting is a move by companies where they remove positions but do not fire any employees

EPFO holds talks with Ministry of Finance on reinvesting ETF money

EPFO will move the final proposal for the finance ministry's assent once the finance and labour ministries decide on the matter

ESIC adds 2.02 million new employees for the month of May: Payroll data

The Ministry of Labor and Employment said in a release that around 24,886 new establishments have been registered under the ESIC for the month of May