Tag: Employee Benefits
How to boost employee benefits & ensure commitment amidst ‘shift shock’
The adoption of the remote work model during the pandemic unlocked numerous benefits, such as flexibility and access to a broader talent pool. It...
Metropolis Healthcare grants restrictive stock to employees
On Wednesday, Metropolis Healthcare granted 75,666 restrictive stock units (RSU) to eligible employees. The company’s nomination and remuneration committee made the announcement of approving...
Zomato hires chief fitness officer; allocates ESOPs worth Rs 2.52 cr.
Zomato, the food-delivery platform, has issued employee stock option plans (ESOP) valued at Rs 2.52 crore to certain employees of the company and its...
Osborne Clarke introduces workplace attendance criteria for bonus eligibility
Law firm Osborne Clarke has announced significant changes to its bonus eligibility requirements starting in 2024. To qualify for a bonus, employees will be...
Employees of Dubai South to get insurance benefits
Dubai aviation city corporation, the licensing and regulatory body of Dubai South free zone, is dedicated to prioritising the well-being and protection of employees...
Employees get 9-day break to recharge
HackerRank, a US company, has gained recognition for its recent decision to grant all employees a well-deserved nine-day break to rest and recharge. In...
Servotech boasts of comprehensive benefits & inclusive initiatives
In an era where organisations face intense competition for talent, offering employee benefits has become essential. Servotech Power Systems has implemented several initiatives to support...
Delhivery allots equity worth Rs 19,41,454 as stock option
Delhivery, an India-based logistics firm, has allotted equity shares 19,41,454 to its employees under its employee stock option plan. The company made an announcement...
Rajasthan government introduces advance salary privilege, sets precedent in India
The Rajasthan government has launched earned salary advance drawal scheme, allowing state government employees to access their salaries in advance. Rajasthan has become the...
Mamata Banerjee unveils promotions and benefits package for state government employees
Mamata Banerjee, chief minister, West Bengal, has unveiled a range of benefits for state government employees. These include improved promotional prospects, enhanced cashless benefits...
Go First tempts pilots; offers Rs 1 lakh extra per month...
Go First (formerly Go Air), which is undergoing a financial crisis, intends to increase salaries for pilots by Rs 1 lakh per month, in...
Airmeet’s workforce reduced by 30%
Airmeet, a domestically developed virtual events platform, has recently downsized by approximately 30 per cent of its workforce. The company has terminated employees from sales, marketing,...
Amazon delays issuing offer letters to campus hires in India
Amid the ongoing layoffs and the economic uncertainties, Amazon has delayed sending employment offer letters to fresh graduates from renowned Indian institutions like the...
DMart and Brigade Enterprises allot equity shares to employees
In accordance with a regulatory filing, Dmart, an Indian supermarket chain, has allocated 2,77,649 equity shares to eligible employees. These shares, with a nominal...
After salary hike, Wipro allots company shares to employees
On Wednesday, 17 May, information and technology (IT) firm Wipro announced the allotment of approximately 3,98,733 shares to its eligible employees as stock options,...
Air India to revise its Privilege Leave policy
Air India has made an announcement stating that it intends to modify its Privilege Leave (PL) policy for permanent and full-term contract employees starting...
Menstrual leave approved by Zupee
Zupee, an online skill-based gaming platform, introduced a paid period leave policy for its female employees on March 13, 2023. The new policy allows...
Some do’s & dont’s for 3rd party employees
Numerous organisations have laid off this year, creating a gulf in the way talent is spread out within these organisations. The dearth of talent...
Sapphire Foods India: Stock options allocated to employees
Sapphire Foods India, a leading food company in India, has made an exciting announcement for its employees. The company's board of directors has approved...
Angry birds developer ROVIO announces a new employee benefits programme
The Board of Directors of Rovio Entertainment Corporation has decided to launch a new employee share savings plan (ESS plan) for the period 2023–2025....
Barbeque Nation awards equity shares to employees under ESOP 2015
Barbeque Nation, a popular restaurant chain known for its unique barbeque style of dining, has allotted 5,071 equity shares to its employees under the...
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...