Schneider Electric has elevated Binu Philip as the new Zone VP HR (CHRO) for Greater India. Philip will step into the shoes of Rachna Mukherjee, who has superannuated after spending eight successful years at the Company. Philip has been a part of Schneider Electric for the last seven years. At Schneider, he is well known for spearheading critical projects such as the merger and acquisition of the L&T Electrical Automation business with Schneider Electric. Prior to this elevation, Philip was VP – HR, Secure Power which is the home and business network and IT data centre business of Schneider Electric. Having completed…
Author: HRK News Bureau
As per the data from the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India has risen from 8 per cent to 8.30 per cent in December. This is the highest in 16 months. Unemployment rate was lowest in Odisha in December 2022, at 0.9 per cent, while it was the highest in Haryana, at 37.4 per cent. While the employment rate has gone up to 37.1 per cent, the urban unemployment rate has risen from 8.96 per cent in November to 10.09 per cent in December. The rural unemployment rate, on the other hand, decreased from 7.55…
The Congress government has offered employees the option to choose between the Old Pension Scheme (OPS) and the New Pension Scheme (NPS) in the wake of the union government’s reluctance to return the money deposited towards the NPS. Employees appointed after April 2022 are required to be members of the OPS, according to a statement made by a senior government official to the New Indian Express. Last month, during the Lok Sabha session, the central government informed that there was no such proposal to restore OPS nor was there any plan or any agreement to refund the amount which was…
Elon Musk is in the news again. This time it is for Tesla, which is an American multinational automotive and clean energy company. The company has been accused of labour law violations in the US, allegedly directing employees not to talk about pay and working conditions. The electric car manufacturing company is accused of directing their employees not to complain to higher-level managers about their pay or other employment conditions. Along with this, the employees are also asked not to discuss their pay with other people. The complaint is filed with the National Labour Relations Board (NLRB). As per the…
The MK Stalin government in Tamil Nadu has announced 4 per cent hike in Dearness Allowance (DA) for government employees including teachers, pensioners and family pensioners. Reportedly, the allowance will now be increased to 38 per cent from 34 per cent with immediate effect. The decision to increase the DA has been taken after the representation of government employees and it will benefit about 16 lakh staff, effective January 1, 2023. The increase, termed as the ‘New Year gift’, is the TN government’s effort aimed at people’s welfare and prosperity. The government has also appealed to the staff to cooperate…
A suspect was arrested on Sunday in a case of corporate espionage for allegedly joining a pan-India lounge aggregator and then leaking sensitive internal information to a rival firm that helped them win a global tender for business expansion. The suspect, who is from Bhopal, Madhya Pradesh, joined the Gurugram-based firm in March 2017 and was trained at the aggregator’s office in Sector 65, according to the police. The suspect was in charge of the firm’s Mumbai office, according to the police. In September 2021, the company competed in a multi-billion dollar global tender organised by a multinational corporation, but…
Anganwadi workers across Mumbai plan to march towards Azad Maidan wearing masks of Savitribai Phule in an attempt to bring notice to the poor working conditions they are subjected to and the failure in implementing several long standing demands. Anganwadi workers are the supplementary healthcare force in their communities, collecting and collating data on various government schemes, spreading disease control awareness, and supporting maternal and child health. They have been fighting to be recognised as government employees with benefits like gratuity, retirement benefits and better pay. MA Patil, president of the State Anganwadi Workers’ Association, said the workers were given…
According to The Mirror, an employee of the German automaker BMW won more than 16,000 pounds after being fired for collecting his lunch during his break. Ryan Parkinson, a temporary employee at the company’s Oxford plant, was fired after taking a break for lunch at Burger King while working an overtime shift. When he returned, the managers rebuked him for failing to notify them that he had taken a lunch break, even after Parkinson’s assurances. Following a disciplinary hearing in May 2019 for the Burger King trip, he was fired. However, after he filed an appeal in June, he was…
As per a Bloomberg report, Goldman Sachs is planning a new lay off, while entering the New Year. The decision will affect nearly 4,000 roles at the global investment bank giant. Recently, the bank laid off hundreds of people as per its new performance grading system. Reportedly, the possible reason for the redundancies is to contain a slump in profit and revenue as the bank is also considering a significant cut in the annual bonus pool this year. The bank also warned in July that it might slow down hiring and cut expenses to tackle the worsening economic outlook. Furthermore,…
Tata Passenger Electric Mobility Limited (TPEML) announced on December 30, 2022, that the Sanand plant deal would be completed on January 10, 2023. TPEML is a subsidiary of Tata Motors and Ford India. In August 2022, the company signed a unit transfer agreement to purchase Ford’s manufacturing facility in Sanand, Gujarat. Along with this purchase, Tata Motors will also take control over the land, buildings, and vehicle manufacturing plant, including equipment and machinery. It will also transfer eligible Ford employees stationed at the vehicle manufacturing operations in Sanand, Gujarat, for a total of over Rs 700 crore. In the Indian…
With about 1,600 non-teaching staff from Aligarh Muslim University going on strike, administrative work was adverserly affected at the University. The protesting staff members have reportedly not received their salary for the last month. The strike has entered its third day now. A majority of the protestors are temporary workers and daily wagers, some of whom have been working at the University for over ten years. They assembled outside the office of the Vice Chancellor of AMU to draw attention to their plight. Security has been tightened around the campus in lieu of the ongoing protests, even as officials are…
The Delhi High Court has observed that if the complaints of sexual harassment by a woman are ignored at the workplace or not heeded, other victims may be encouraged to remain silent in the future or avoid speaking up. The bench of Justice Chandra Dhari Singh stated that the issues of sexual harassment at the workplace need to be addressed and resolved by the concerned officials on priority. According to Justice Singh, “The issue of sexual harassment at the workplace is not limited to the four walls of office premises but also extends to the officials outside the premises who…
Reliance offers their employees and their family members unlimited access to Coursera business certifications from over 170 universities. These universities include Carnegie-Mellon University, Yale University, the University of Michigan, and Johns Hopkins University, as well as organisations such as Meta, Google, SAP and Microsoft. Up to three members of the employees’ families can receive free and unlimited access to all courses, specialisations and certifications in the edtech platform’s business catalogue. Along with that they will also be able to access its 200K videos and 5 to 10-minute lessons for on-the-go learning. There have been over 100,000 course enrolments so far,…
Receiving ‘essential’ calls, messages, or emails, especially when they are on vacation, is one of the most annoying things that can happen to an employee. Anybody’s holiday can be ruined by a ‘work call’ or correspondence from the workplace. It’s interesting that one Indian corporation has given consideration to this significant issue so that its staff can take uninterrupted vacations. To address this issue, the Indian fantasy sports website Dream 11 has implemented a unique policy known as the ‘Dream 11 Unplug’. The employees of the organisation are free to entirely disconnect from all work-related communications for a whole week…
Amid a sharp drop in the company’s shares, CEO of AMC Entertainment, Adam Aron, has asked the AMC board to freeze his compensation next year. As per Reuters, Aron made the statement this Tuesday as the company’s shares declined by more than 75% this year. Aron even made a tweet from his account saying, “I do not want ‘more’ when our shareholders are hurting. So, I recommended to the AMC Board to red circle and freeze both my target cash and target stock pay for 2023. NO INCREASE. ” Shares of the firm have fallen more than 75% this year…
Mac has launched a new time-tracking app called ‘Balance’ which focuses on work-life balance and allows users to keep track of the time they spend. “Balance is now available on the App Store! Work-life balance is extremely important, so I’m excited to launch an app focused on that.” Alexander Sandberg, a product-minded iOS and macOS developer who developed the app, tweeted. Sandberg developed the app and shared the news of its launch on Twitter. The app includes a manual clocking system that helps workers mentally check in and out of work, regular break reminders, a focus timer for those who…
Recently, in a writ petition, the Delhi High Court ruled that just because the Voluntary Retirement Scheme (VRS) is introduced by an employer, it does not automatically qualify an employee for the benefits as a matter of right. The Court made this observation in a case wherein the petitioner — a chief accounts officer (CAO) of the Kendriya Bhandar who was employed on an ad-hoc basis and later regularised — was seeking VRS benefits as well as an interest rate of 12 per cent per annum. According to Justice Chandra Dhari Singh, it was established that the VRS was rolled out by the…
As per a survey conducted by a recruitment consultant weighing the pros and cons of moonlighting, 76 per cent of participants consider moonlighting as an ethical practice. Over 1308 people participated in the survey, which was created from the perspective of the workers and carried out in the month of October 2022. It was conducted on all social media platforms like LinkedIn Polls, Twitter, Facebook & Instagram posts plus stories, Google Free Sites (Survey Monkey, Type form, Google forms, etc.). Moonlighting refers to working on a side job, typically at night, apart from regular day time employment. Due to the…
In a recent announcement, the government of UAE issued a statement regarding a new policy. Government employees will now be given a one year paid leave if they wish to start a business of their own or become self-employed. This measure is said to begin from January 2, 2023, as mentioned by Khaleej Times. The ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE announced the cabinet’s approval of the initiative in the hope that it will create more business in the country. This report came days after the cabinet’s move to…
The Rajiv Gandhi Shramik Kalyan Yojana (RGSKY) introduced by the Employees’ State Insurance Corporation (ESIC) w.e.f. 01.04.2005 provides unemployment allowance to the Insured Person (IP). This allowance is given for not more than 24 months, that is, two years, in case the IP is rendered jobless involuntarily because of retrenchment as defined under the Industrial Disputes Act, 1947. This information was given as part of a written response to a question in the Rajya Sabha, by the Minister of State for Labour and Employment Rameswar Teli. The allowance is also given to those who lose their jobs owing to the…
Air India has been directed by the Government to deduct up to Rs 95,000 per month from the salaries of its employees who have failed to vacate their official residence at Vasant Vihar Colony, Delhi. As per an ET report, this deduction would be made with effect from October. With such a big amount being deducted, some employees may actually not be left with any salary to take home at all. Air India has housing colonies in Mumbai and Delhi. In August 2022, three unions namely, Aviation Industry Employees Guild (AIEG), Air Corporation Employees Union (ACEU) and All India Service…
Walmart-owned e-commerce giant Flipkart’s announcement benefits at least 25,000 present and former employees with its one-time cash payout of 700 million-dollars, according to sources. This will make Flipkart one of the biggest instances of wealth creation in India’s booming start up space. Flipkart announced, last week, a one-time discretionary cash payout of as much as 700 million dollars to almost 25,000 of its former and present employees, who hold employee stock options. The top 20 employees of Flipkart, the most senior and early staffers of the e-commerce giant, will be getting as much as 200 million dollars out of the…
As reported by CNBC, a Meta employee, named Austin Wells, has plans to work remotely in a most unique way, sailing across the world. Wells is a part of the Meta’s Reality Labs and has recently bought a 12-year lease aboard a condo on a mega cruise ship called MV Narrative. Reportedly, Wells wanted to move on from the regular model of taking a flight and packing a bag to go somewhere. He required something that can hold his condo, gym, doctors, dentists, grocery stores and they can travel the world with him. “The thing that most excites me is…
With an aim to mould self-motivated youth into becoming leaders of tomorrow, Piramal Foundation has announced the call for applications for Gandhi Fellowship. Under the Fellowship program, people will get an opportunity to work at the grassroots of India and acquire an in-depth experience across areas of Public Health, Education, Climate Change and Digitisation. With 27.2% of the population being under the age of 29, India has the largest young population in the world (as per the Report of Technical Group on Population Projections, 2020, constituted by the Ministry of Health and Family Welfare). Utilising this enormous youth population is…
On December 27, 2022, Manik Saha, chief minister of Tripura, declared a 12 per cent hike in dearness allowance (DA) and dearness relief (DR) for state government employees and pensioners with effect from December 1. With this, the state government employees’ DA has gone from 8 per cent to 20 per cent. A total of 1,04,600 regular employees and 80,800 pensioners will benefit from the decision, according to Saha. In a statement, Tripura’s CM said, “Today we have increased DA and DR by 12% for state government employees and pensioners. Now that the total DA is at 20%, it will…
One of India’s largest digital payments platforms, PhonePe announced their separation from Flipkart on Friday in preparation for their foray into public funding. Flipkart Singapore and PhonePe Singapore shareholders acquired shares directly in PhonePe India as a part of the transaction. PhonePe has now successfully shifted its domicile to India from Singapore as planned earlier this year. Walmart will remain the majority shareholder of the business. The goal of the separation was to allow both companies to grow and establish themselves independently in India, said both companies in a joint release. The separation also provides new investors with the opportunity…