Tag: Employee Benefits

Air India deducts salary of employees for not vacating staff quarters

Air India began deducting the pay of employees who have not left their company-provided housing in Vasant Vihar, Delhi and the Air India Colony...

Japanese firm announces raise of 40%

Fast Retailing, a multinational Japanese retail company, has announced plans to raise employee salaries by up to 40 per cent starting March 2023. The company...

Reliance allows unlimited lessons for employees & their families

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,...

UAE implements one year ‘Entrepreneurship Leave’ for self-employment

In a recent announcement, the government of UAE issued a statement regarding a new policy. Government employees will now be given a one year...

Flipkart employees benefit from $700 mn one-time cash payout

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...

PharmEasy suffers a 270-crore loss -result of increased employee benefits

PharmEasy, an online pharmacy and health tech platform, reported a net loss of Rs 3,992 crore for FY22, which is comparatively more than the...

Disparity on NPS tax exemption: Partial withdrawals benefit only employees

From the total amount of the NPS account, only partial withdrawals of up to 25 per cent are exempt from tax. But currently, this...

170 out of the 250 left at Twitter reportedly fired on...

Since Elon Musk acquired Twitter in late October of this year, it has been difficult for the company's employees. Days after the acquisition Musk...

Facebook to reduce costs, cut more employee benefits

Meta has decided to stop providing employee benefits covering mental well-being and other work-life balance needs.  The career page of Meta says that previously, the...

Choosing your salary day is no longer an alien concept: Jupiter

In its new ad campaign, Jupiter, a money-management app has made on-demand salary a reality. The ad starts off by stating the feature must be...

Unilever to start 4-day work week trial in Australia

The employees of Unilever in Australia will soon be part of a trial to study the effectiveness of a four-day work week. Starting 14 November...

Zimyo launches employee benefits platform for financial wellness

Zimyo, the unified human capital management platform, which offers robust HR and payroll solutions, has now forayed into the embedded finance space. It has...

TOI & ET announce second round of pay cuts

Bennett, Coleman and Company Limited (BCCL) has now announced the second round of pay cuts, taking journalists by surprise. The employees of The Times...

Parents at IBM, US, may work 100% remotely till schools reopen

Tech major, IBM, anticipates its US workforce following a hybrid model of work post pandemic. It expects about 80 per cent of its staff...

Volvo bats for gender equality, introduces 6 months’ paid parental leave

Volvo Cars has announced six months of paid parental leave, which can be availed by all those employees from its 40,000-strong workforce who have...

Sodexo Meal Pass for 100,000+ employees of Amazon in India

In a bid to improve employee experience, Amazon India has offered Sodexo’s digital meal benefits, powered by the Zeta platform, to its over 100,000...

Employees need to hit the ‘pause’ button once in a while

Gone are the days when unused sickness leaves were carried forward by employees to the next year. Times are such that organisations are surprising...

ICICI rolls out 8% salary hike for its 80,000 frontline employees

Close on the heels of several social-media tweets claiming that ICICI Bank had forcefully terminated some of its employees, the private-sector bank has gone...

Treebo Hotels rolls out paid VRS for 400 employees; founders take...

In a proactive approach to help its 400 employees, Budget hospitality chain Treebo Hotels has launched a paid voluntary resignation scheme (PVRS), owing to...

Employees can submit appraisal forms till June 30, centre extends date

At the time of lockdown and with the appraisal season around the corner, employees can heave a sigh of relief as the Central government...

Healthcare workers in the state to get 4 months advance salary...

While most of us have the privilege to work from the comfort of our homes, the healthcare workers are performing their duties, day in...

Think Employees, Think Customer: Syndicate Bank

While the corporate world is grappling on business continuity amidst the 21- day lockdown, and the fight against coronavirus, here is a PSU bank...

Netflix initiates $100 million relief fund for affected workers and more

Streaming company, Netflix, has set out to create a $100 million relief fund for the laid-off employees and the affected workers across the United...

Walmart offer $300 bonus to its hourly employees, will recruit 150,000...

Retail company Walmart, has announced cash bonuses to its full-time and part-time hourly employees in the US, for working amid the coronavirus pandemic. The...

Urban Company: COVID-19 health insurance and income protection cover to all...

It’s not just the change in brand name that Urban Company has been in the news for recently. The Company, which is counted among...

Coronavirus: Workday extends benefits to its employees

Workday has extended a slew of benefits for its employees amidst this COVID-19 or Coronavirus menace. The company has announced that it will pay two...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

41 companies have a woman CEO: Report

That organisations across the world are doing their bit to ensure equal representation and parity is clear from the 2023 Bloomberg Gender-Equality Index (GEI)....

The risks of ‘gig economy’ in the Philippines

The World Bank's economic update for the Philippines in December 2022 warned of the growing informality in the labour market, with an increase in...

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Pension and salaries paid till December: MCD Commissioner to Delhi HC

The Delhi High Court was informed by the Commissioner of MCD on Thursday that the civic body had paid salaries and pensions to its...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...