Tag: special allowance

‘Basic wages’ masked as ‘allowances’ will be considered for PF contribution

The Supreme Court of India yesterday passed a path-breaking judgment, which ruled that ‘special allowances’ were actually part of the basic pay but only...

Intel begins layoff, will cut 200 jobs by Jan 31, 2023

Intel, the global chip maker for personal computers, has started to fire employees in California. As per the Worker Adjustment and Retraining Notifications, Intel...

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How India Inc. Plans its HR Budget

For decades, the HR budget was mainly about salary and wages.However, with the evolution of the workplace, HR budgets are also becoming more exhaustive. This...

India to witness a boost in the Gig Workforce by 2025: Report

According to a report released on Wednesday, there will likely be 90–110 lakh new recruits to the gig workforce by 2025 as more and...

SEZ rules now allow WFH to all IT/ITes staff till 31 Dec. 2023

With the Government having made amendments to the Special Economic Zones (SEZs) rules, all employees of IT/ITeS units in SEZs will now be allowed...

Accenture promotes 60,000 in India

Accenture, the global professional services company, which specialises in IT services and consulting, has promoted 60,000 employees in India. In total, about 1,57,000 promotions...

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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...