BetterPlace, a SaaS platform for managing frontline workforces, has acquired TROOPERS, a Malaysian flexi talent solutions technology company, which is the company’s second significant acquisition this year. The first was the acquisition of a majority stake in MyRobin, an Indonesian blue-collar workforce fulfillment platform. The financial details of the acquisition have not been disclosed, but BetterPlace says it will accelerate its presence in Southeast Asia and establish a stronger foothold in the region. The acquisition of TROOPERS is significant because it will allow BetterPlace to integrate TROOPERS’ automated gig matching and rostering features into its SaaS platform. Southeast Asia is…
Author: HRK News Bureau
Air India, a Tata group-backed airline, has recently announced a new salary structure for its cabin crews and pilots, effective from April 1st. The new salary pattern offers a minimum salary of Rs 50,000 per month for a pilot, and a maximum of Rs 8.5 lakh per month, with variations depending on the pilot category and the number of flying hours. Meanwhile, for cabin crews, the minimum salary is set at Rs 25,000 per month, while the maximum can go up to Rs 78,000 per month, depending on the level of the employee. When it comes to pilot levels, a…
Ernst & Young’s US branch has recently revealed plans to lay off 5 percent of its workforce, resulting in the loss of approximately 3,000 jobs. The company cited various reasons for its decision, including the current economic climate, strong employee retention rates, and an overcapacity in some areas of the business. This announcement came shortly after EY’s proposed plan to divide its audit and consulting units, a move intended to address regulatory concerns regarding potential conflicts of interest, was halted due to objections from its US Executive Committee. EY’s decision to lay off employees is not an isolated occurrence. Other…
The Public Service Alliance of Canada (PSAC), the largest union representing Canadian government employees, has announced its intention to go on strike if an agreement with the government cannot be reached. This move could significantly impact several essential government services, as over 155,000 public servants across more than 20 departments, including the Canada Revenue Agency, are expected to participate in the strike. The PSAC has been negotiating with the government for nearly two years over a variety of issues, including job security, remote work arrangements, and fair wages. However, the two sides are still far apart on these matters, and…
That upskilling courses have been in high demand is a known fact. What with the pandemic resulting in job loss and offering professionals enough time to think about their future, the value and significance of upskilling has been driven home. A study has revealed that more than 80 per cent of the IT industry professionals have managed to future-proof their jobs by taking up upskilling programmes. Surveyed professionals from the software and IT services industry have been able to put the skills and training received from various programmes to good use at their jobs, and do well. After all, this…
DRIP CAPITAL, a trade financing start-up based in Mumbai and California, terminated approximately 20 per cent of its employees. As per a report by Inc42, the start-up did not mention the reason behind the layoffs, however, a number of roles were impacted in various departments. During a town hall meeting in mid-November, Pushkar Mukewar, CEO, Drip Capital, revealed the company’s restructuring plan, which involved sending separate emails to impacted employees asking them to resign within a few hours. Reportedly, over 75 employees were impacted by a restructuring exercise at DRIP CAPITAL, affecting various teams, mainly within the tech, engineering, and…
Blinkit, a quick commerce platform owned by Zomato, has been facing opposition from its delivery partners in the Delhi-NCR region. The delivery riders have been protesting against the company’s decision to reduce the payout for each delivery from Rs 25 to Rs 15. This has led to discontent among the delivery partners who feel that their earnings will be significantly impacted. The ongoing protests by delivery riders have resulted in the shutdown of some of Blinkit’s dark stores in Delhi-NCR. The company has reportedly closed over 100 dark kitchens in the region for the last few days due to the…
Recently, the government of Himachal Pradesh has increased the dearness allowance (DA) for state employees and pensioners by 3 percent. This move will benefit around 2.15 lakh employees and 1.90 lakh pensioners, who will now receive a DA rate of 34 percent, up from 31 percent previously. The decision to hike the DA has been made to provide relief to state employees and pensioners in light of the rising cost of living and inflation. An official statement indicates that the increase in DA is anticipated to impose an extra burden of around Rs 500 crore on the state’s finances. This…
Amid the poor performance caused by a global slowdown and an increasing chip glut, Samsung is taking different steps to cut costs. The tech giant has decided to halt the salary raise of its board member along with a lowered average salary hike to its employees, reported IANS. Last year, Samsung had offered an average pay increase of 9 per cent to its employees, but this year, they will receive an average increase of 4.1 per cent. Moreover, as a part of its cost-cutting measures, the company has also suspended salary increases for its board members for this year. In…
The significant changes that have occurred over the past three years have caused individuals to rethink their career aspirations and work preferences. Recognising this fundamental shift in the workforce, PwC India has pledged to invest more than INR 600 crore towards the holistic growth, development and wellbeing of its employees. Reportedly, this investment will be carried out through a new People Experience Framework, which was introduced recently along with its four key pillars: Unlocking potential: One of the priorities of the company is to ensure that their team members find their careers fulfilling, including engaging work that challenges them professionally…
After a long and successful stint of over 17 years at Johnson Controls, A. Denise Malloy-Deaderick has moved on to join Walmart as senior vice president – chief belonging officer. An alumna of Texas Southern University, Malloy began her career with Xerox Corporation as a specialist in 1988. After spending 12 years at Xerox, she moved to JP Morgan as vice president in the year 2000. The next two years saw her selling web-based client-management software (MorganOnline) to high net worth insurance brokers, boutique investment firms and trust & estate attorneys. She also spent a year marketing power and gas…
The Ministry of Health and Family Welfare (MoHFW) has made significant changes to the package rates of the Central Government Health Scheme (CGHS) for all beneficiaries. These changes have been made after careful examination of demands from stakeholders and the increasing costs of various healthcare components. The revision aims to provide better care for patients and improved facilities for CGHS beneficiaries. The revision includes an increase in consultation fees for both OPD and IPD services. The OPD consultation fee has been raised from Rs 150 to Rs 350, while the IPD consultation fee has been increased from Rs 300 to…
Maruti Suzuki India has roped in Mandvi Shringi to lead their Talent Acquisition team. She will be responsible to spearhead the overall recruitment strategy for the company. Shringi comes with more than 17 years of experience in the field of HR, which includes working in various sectors like manufacturing, healthcare, and corporate. Throughout her career, Shringi has been involved in a range of HR functions, including strategic workforce planning, building organisational capabilities, fostering positive industrial relations, ensuring compliance with regulations, optimising labour costs, developing and implementing processes and policies, and driving grassroots improvements that have an impact on organisational growth…
Employees who request permanent remote work arrangements may now face a risk of having their jobs outsourced by the company. Johnny Taylor Jr, CEO, The Society for Human Resource Management, told The Wall Street Journal that when an employee requested to work remotely after relocating to another state, the company outsourced her job instead. According to a spokesperson, the company has a hybrid remote work policy that permits employees to work from home two days a week, Mondays and Fridays. Taylor chose to outsource the employee’s job to an individual in India instead. Additionally, outsourcing the position resulted in a…
Disney Entertainment Television has roped in Jen Reberger as its senior vice president-HR. After having worked for the brand for 15 years earlier, Reberger is coming back after working as the vice president of human resources for global functions at Medtronic for a short spell where she was responsible for developing HR strategies for various corporate divisions. Reberger will take over from Sonia Coleman who was recently promoted to the position of senior vice president and chief human resources officer for The Walt Disney Company. Her appointment will take effect on May 1 disclosed Dana Walden, co-chairman, Disney Entertainment, in…
Tata Consultancy Services (TCS), the country’s largest IT services exporter, has announced positive news for both new and existing employees. The company will maintain its target of hiring 40,000 freshers for the financial year 2024 and has already made 46,000 offers. TCS will honour all the offers made, despite some delays in onboarding. Existing employees will receive salary revisions as usual, and top performers will receive a 12-15 per cent salary hike. The company will also pay the full variable pay to its associates for the fiscal year. However, TCS has raised concerns over its key market of North America,…
Ashish Banga, former CHRO, Vishal Mega Mart, has now joined Graviton Research Capital as chief people officer (CPO). An alumnus of the Institute of Management Technology, Ghaziabad, Banga’s career began with HCL Technologies, where he worked as associate consultant for over a year, from Jan 2004 to 2005. He joined Genpact as HR generalist in 2007 for a year and a half. His next stop was the Coca-Cola Company, where he worked for seven years. He started off in talent development and within a year and a half was elevated to the role of deployment lead, HR transformation, Europe and…
As per the quarterly financial results of Infosys, the Company’s workforce strength has seen a net decrease of 3,611 in January – March 2023. That means, the total headcount has now been reduced to about 3,43,234. At the end of the last quarter, that is, Q3 of FY23, Infosys had a total of 3,46,845 employees. That means, the rate of attrition has dipped. It has come down to 20.9 per cent, compared to 24.3 per cent in December 2022. The attrition rate in June quarter of 2022 was 28.4 per cent, which got reduced to 27.1 per cent in September…
PepsiCo has recently revealed that their current chief human resources officer, Ronald Schellekens, has decided to retire by the end of this year. In his place, Becky Schmitt will take on the role of executive vice president and chief human resources officer. She will report directly to Ramon Laguarta, chairman and CEO, PepsiCo, and will take on all responsibilities starting from October 1. Schmitt is backed by three decades experience in HR leadership. Prior to her joining with PepsiCo, she was with Cognizant, a multinational IT services and consulting firm. She also has held several executive HR positions at Walmart,…
In Madhya Pradesh, Accredited Social Health Activists (ASHA) workers, who are an essential link in providing rural healthcare to the public across India, are on an indefinite strike demanding an increase in their monthly stipend and permanent employment status. Currently, they receive a monthly stipend of ?2,000, with additional incentives for deliveries. However, ASHA workers feel that their work is not being recognized by the government, and they are not receiving minimum wages for their efforts. ASHA workers are involved in various activities, including data collection during the COVID-19 pandemic, surveys for tuberculosis and leprosy, and working until midnight for…
An employee from Shenzhen, China, received a year’s worth of paid leave at his company’s annual dinner. The event happened on a Sunday night, last week, making many people envious throughout the nation. As per Chinese media, the company had not organised its annual dinner for three years due to the pandemic. And now that things were getting back to normal, they hosted the dinner to help employees cope with work-related stress. A lucky draw was also held. Reportedly, the lucky employee is associated with the company as a manager. He was captured in a viral video holding a large…
2022 was a volatile year for HR & workforce People are recreating their life as a result of the pandemic and the uncertain times that followed and, as a result, individualism is rising more than ever. The power dynamic has shifted, and employees are challenging their employment terms. For workers, especially those in the younger generation, a job no longer defines who they are. Employees today derive their identity through different pursuits and thus are questioning the exclusivity of their relationship with their employer. Employees are demanding greater participation in decisions about their jobs and working circumstances and are unwilling…
Belzabar Software Design, a subsidiary of a US-based webintensive software company, has recently made a strategic move by appointing Jayaraj Sekar as its director of human resources. Sekar brings with him more than seventeen years of experience in establishing and transforming human resources functions in various sectors such as IT, BPO, telecom, and conglomerates. Sekar has had a dynamic career path, starting as CRD-recruitment at Mafoi Management Consultants. He went on to hold leadership positions at several companies, including his longest stint of 8 years at Matrimony.com. Starting as senior manager HR talent acquisition and talent engagement, he progressed to…
An employee of Norway’s sovereign wealth fund, is bringing a case of gender discrimination against her employer. Elisabeth Bull Daae, the head of trading analytics at Norges Bank Investment Management, is seeking 16 million crowns ($1.54 million) in compensation and damages from the unit of the central bank managing the fund. The hearing is scheduled to begin on Wednesday in a court in Oslo, according to court documents. In the documents submitted by her lawyer Sigurd Knudtzon, Daae alleges that she was paid less than her male colleagues who held equivalent positions for ten years. She also claims that she…
Last month, UBS agreed to acquire Credit Suisse for $3.23 billion in stock and will be responsible for up to $5.4 billion in losses. The global head of wealth management at UBS, Iqbal Khan, reportedly met with Credit Suisse executives, including Puneet Matta, the local lender’s wealth head, in Singapore, informing them that the wealth business in India is likely to be retained. UBS left India’s private wealth market by 2014, but the increase in the number of billionaires in India has fuelled its interest in returning. The merger is expected to result in significant portions of Credit Suisse’s investment…
The delivery personnel or partners of Blinkit, the delivery service app, are irked by the way their delivery rates have been reduced because of the changes made in the incentive system. The workers are also overworked as they put in 12 to 14 hours of work daily. The upset delivery workers in Delhi-NCR went on a strike against the revised pay structure. This led to a series of protests across Delhi-NCR, including Faridabad and Gurugram. They have even sought the intervention of the Gurugram District Commissioner. As a result, the Haryana Labour Department has reportedly issued a notice to Blinkit.…