Tag: Retirement

Employees’ date of retirement can’t be altered close to end of...

A writ petition was filed by an employee of the Telangana State Road Transport Corporation (TSRTC), who was given premature retirement three years before...

Is it too early to retire at 60?

In the private sector, it is not the age of the employee but how much value the individual is able to add to the...

Singapore amends retirement age to 65

On November 2, the Singapore government passed a bill to amend the Retirement and Re-employment Act, raising the retirement and re-employment ages to 65...

Tata Motors will issue performance shares to staff

Tata Motors will issue performance shares to its employees and the staff of its subsidiaries as part of a long-term incentive scheme. These performance...

Rs 10 lakh + salary till retirement to families of deceased...

Vedanta, the diversified natural resources company, has announced that in case an employee or business partner loses his/her life to COVID, the surviving family...

UKG acquires EverythingBenefits, expands into benefits tech space

HCM software group, UKG, has acquired EverythingBenefits to expand into the benefits technology sector. EverythingBenefits is a platform that connects employers to all information pertaining...

Tata Steel to pay deceased staff’s salary till retirement

The salary of any Tata Steel employee who loses his or her life to COVID will continue to be paid to his or her...

COOs of Wipro and Infosys to retire in 2021

Bhanumurthy BM, Wipro’s COO, will retire by June 2021 and UB Pravin Rao, Infosys’ COO will retire by December 2021. Having started his career in...

Historical virtual send-off for Railways staff amidst pandemic

For the first time in the history of the Indian Railways, 2,320 employees who superannuated on July 31, were given a virtual send-off. Amidst...

Job/pension for dependents of Bihar govt staff who die of COVID

On July 25, the state cabinet of Bihar decided to provide a job on compassionate grounds to any one dependent or family member of...

Tax liability of EPF subscribers will increase with lower contribution

As part of the stimulus package, the Government had lowered the contributions of the employers and employees, towards the Employees’ Provident Fund (EPF) from...

BSNL VRS scheme: Highest payout at 90 lakhs

Telecom operator BSNL has announced all employees above the age of 50 will be eligible for retirement and they will be giving out lumpsum...

Why employees deserve a parting gift

The act of gifting is a gesture of appreciation and respect. It’s been a part and parcel of our cultural values for ages. This...

Indians score high on retirement preparedness: Aegon survey

A survey by Aegon, the Dutch multinational insurance company, reveals that Indians are the most optimistic in terms of preparedness for life after retirement. The...

Why you should plan for retirement before you join work

There is a saying ‘make hay while the sun shines’. The meaning of this proverb is that if there is a task that needs...

Government to leverage experience of retired employees

The Government wants utilise the talent pool of retired professionals to carry forward its flagship programmes.

Retirement and death benefits to Orissa government employees joining after Jan,...

As per the new provision of the NPS, the employees would be entitled to 26 months’ salary at the time of retirement or death during service

DoPT makes retirement of Central Government employees easy

A mobile app will help retiring officials monitor the progress of their pension settlements.

Edith Cooper, head of human capital management, Goldman Sachs to retire...

She will be handing over charge to Dane Holmes, who is the global head of investor relations and global head of Pine Street.

From recruitment to retirement: How HR Anexi’s all-in-one offerings were conceived

HR Anexi was conceived to be a one-stop-solution for all HR requirements.

V Raja of Philips India taking early retirement

The CMD had taken charge in December 2015.

Volkswagen offers early retirement proposal

The move is a part of its initiative Transform 2025+, which aims at cutting the workforce and improving productivity.

KPMG India CEO Richard Rekhy to hang up his boots

KPMG India CEO, Richard Rekhy’s decision to retire has been accepted by the board but he will continue to serve in the position till a successor is found.

Should retirement age be increased to 65+?

In June, the government raised the retirement age of doctors to 65 years. Doctors anyway continue to practice till the last leg of their life but from government’s perspective, it wanted to retain the talent pool in Central Health Service. It’s a growing concern for the government as more than 28 per cent of the central government employees are above 50 years of age. This implies that not only the government will lose experienced high- level personnel but it will even entail unquantifiable costs as new recruits will require training and on-the-job skills.

If professionals such as doctors, lawyers and CAs, can continue to work for post 60, then why can’t other professionals be it an engineer, bureaucrat or a clerk do so. The official retirement age was fixed at a certain 58 years or 60 years because then the life expectancy was low. Now with better medical facilities, people above 60 are quite active and healthy. HRKatha tries to find a rationale.

Wake up call: Young India inadequately prepared for retirement

The next decade or two may see retirees in India facing the challenge of inadequate incomes.

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

Latest

Godrej announces plans to hire 800-1000 employees in 2023

Godrej Properties, a leading real estate developer, has announced plans to hire 800-1,000 employees in 2023 as part of its robust land acquisition pipeline....

Spotify is planning to cut jobs while Vox Media and MediBuddy layoff employees

Spotify, a music streaming platform, is reportedly planning to lay off some of its employees in an effort to cut costs, according to Bloomberg....

Wages of Pak government staff may suffer, IMF refuses funds

The International Monetary Fund (IMF) has refused to provide financial aid to Pakistan, which is currently experiencing a severe economic crisis, at a time...

Unions want OPS restored, Raghuram Rajan says, ‘not a good idea’

While various employee unions of Central and state governments are threatening to agitate if the old pension scheme is not restored, Raghuram Rajan, former...

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...

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“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...