Tag: Employee Benefits

ByteDance announces new buyback offers for global employees

ByteDance, the parent company of TikTok, has unveiled an expansive buyback initiative for its employees beyond US borders. The company is offering its global...

Xiaomi boosts employee morale with employee discounts on SU7

In a move to elevate employee spirits, Xiaomi, the Chinese smartphone manufacturer, has introduced a special discount initiative for its staff, for its latest...

Pocket FM concludes first ESOP buyback

Pocket FM, the audio entertainment platform, has recently concluded its inaugural Employee Stock Ownership Plan (ESOP) buyback, amounting to $8.3 million, as announced by...

Uganda Government mandates weekly exercise for MDAs

In response to the escalating prevalence of lifestyle diseases, the Uganda government has mandated ministries, departments and agencies (MDAs) to conduct weekly physical-exercise sessions...

Gameskraft promotes safety culture with ‘Safety Ambassadors League’

Gameskraft Technology, an Indian online skill-based gaming sector, has introduced its latest venture, the Safety Ambassadors League. The aim is to foster a culture...

Uno Minda allots 55,600 equity shares to employees

Uno Minda, a global manufacturer in proprietary automotive solutions, recently declared the issuance of 55,600 equity shares to its employees. The move comes subsequent...

Jharkhand hikes DA by 4%

The Jharkhand government has recently boosted the dearness allowance (DA) and dearness relief (DR) for its state employees. The DA has now been raised...

TTD grants 9,000 house site pattas

The Tirumala Tirupati Devasthanams (TTD) has distributed 9,000 house site pattas to both serving and retired employees through a three-phased process. Earlier, the Tirupati...

Alibaba’s new employee incentive plan with equity and cash

Alibaba Group is set to introduce a revised employee-incentive plan starting in April, incorporating a blend of equity and cash. This strategic adjustment aims...

J B Chemicals & Pharmaceuticals introduces performance-driven stocks

J B Chemicals & Pharmaceuticals (JBCPL) recently allocated 76,000 time-based stock options and 1,14,000 performance-based options to a qualified employee. The initiative is a...

Unilever Nigeria unveils inclusive workplace policies

To promote fairness, diversity and inclusivity, Unilever Nigeria has unveiled a new set of policies. Designed to cater to the diverse needs of its...

Sikkim cabinet approves 22,746 positions for employment regularisation

A cabinet meeting held in Sikkim has approved the creation of 22,746 positions on 20 February 2024.This is a significant step towards regularising the...

Coforge allots ESOPs to employees

Coforge has allotted 13,173 equity shares to all its employees. The announcement comes after the approval from its ESOP Allotment Committee on Monday, 29...

GST not liable on recoveries from staff for canteen services: AAR

Brandix Apparel India sought clarification from the GST Authority for Advance Ruling (AAR) Andhra Pradesh concerning the canteen facility provided to employees, managed by...

Government grants half-day leave for Ram Temple event

On 22 January, government employees are granted half-day leave to witness the live telecast of the grand consecration ceremony at Ram Temple in Ayodhya,...

Jindal Stainless allots ESOPs to senior employees

Jindal Stainless, the Indian stainless steel manufacturing company, has announced an Employee Stock Option Plan (ESOP) for its senior employees. The ESOPs will be...

‘Nomination alone not enough for retiral benefits’: Allahabad HC

The Allahabad High Court said that just being the nominee or living with a government employee for a long time doesn't automatically give all...

West Bengal boosts jute mill workers’ wages and benefits

The Labour Department of West Bengal has decided to raise employees’ wages and provide provident fund and gratuity benefits upon retirement. The move is...

Infosys initiates gradual salary hikes

Infosys is gradually implementing long-awaited salary hikes, with some employees receiving increases in December and others expected to get theirs in January. A significant number...

J&K raises DA for employees and pensioners

The Jammu and Kashmir (J&K) government has announced a raise in the dearness allowance (DA) of its government employees and pensioners. The decision announced...

HSBC enhances parental leave in Hong Kong

HSBC Holdings has increased the parental leave provided to its 20,000 staff members in Hong Kong. The modifications will come into effect in January...

Central Govt. revises LTC air ticket booking rules

The Central Government of India has introduced new guidelines for employees booking air tickets while utilising the LTC facility. These rules are expected to...

Telangana to launch cashless health insurance for government staff

The Telangana government is introducing cashless health insurance targeting government employees, their families and pensioners  covered by the Employees Health Scheme (EHS). To facilitate the...

Jubilant FoodWorks grants ESOPs, with shares rising 1.69%

Jubilant FoodWorks has recently allocated 46,830 equity shares to its employees as part of its employee stock option plans (ESOPs). On 25 September 2023,...

Wipro allocates over 41,000 restricted stock units to staff via ESOP

Wipro has awarded 41,667 restricted stock units (RSUs) to its workforce as part of its employee stock ownership plan (ESOP). The company made this...

Kirloskar Oil Engines allots fully paid-up equity shares via ESOPs

In an exchange filing, Kirloskar Oil Engines announced that it has issued 32,268 fully paid-up equity shares with a face value of Rs 2...

How this energy company is championing employee inclusivity & engagement

In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...

Trident’s Asmita leaves blossom into inclusive workplaces

Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Image by studiogstock on Freepik

Engagement is outdated: The future of success lies in ‘employee involvement’

In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Tata Steel employee vehicle ban

Tata Steel: Journey through excellence in talent acquisition 

Tata Steel, part of the Tata Group, is a multinational steel-making company headquartered in Mumbai, India. It is one of the world's leading steel...

Toshiba to let go 5000 in Japan

Toshiba is contemplating a significant downsizing of its workforce in Japan, eyeing a reduction of about 5,000 positions. The move is said to affect...

Latest

Elon Musk issues apology over low severance packages

In an email sent to his employees,Elon Musk, CEO, Tesla, has formally apologised for what he termed as "incorrectly low" severance packages. This comes...

TCS to give salary hikes of 4.5% to 7%

Tata Consultancy Service (TCS) intends to give salary increments of 4.5 to seven per cent, on the basis of each individual’s performance. The extremely...

Santosh Rai appointed head-HR, L&T, Precision Engineering and Systems

Santosh Rai is now head-human resources, Larsen & Toubro Precision Engineering and Systems IC. He will be based out of Mumbai, Maharashtra. Till now he...

Special casual leave granted to J&K division employees

The general administration department of Jammu and Kashmir, has issued a notification approving three days of special casual leave for employees of the Jammu...

DIALOGUE

Data analytics and not technology will redefine HR

Q. How satisfying has been your professional journey of 39 years? A. It has been a bagful of mixed experiences. At times I have been...

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....
HR DAILY NEWSLETTER
News, trends and analysis, as well as breaking news alerts, to help HR professionals do their jobs better each business day.