Page 4 - Employee

Employee costs surge over 12% to a record Rs 10.8 trillion in FY22

Employee costs rose over 12% in FY22, the fastest in 8 years

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

Swiggy starts ESOP liquidity programme worth $23 mn, expands offering

Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs

Chile: Man, who got paid 286 times his salary, resigns and disappears

To retrieve the money, the company has now reached out to various agencies and registered a complaint against the employee

Size of India's gig economy, the challenges it faces and possible remedies

While the tribe of contractual workers is growing rapidly, many of the challenges they have been facing remain unaddressed

Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report

Think-tank recommends social security for gig workers

Recovery tracker: Workplace visits rise despite spurt in Covid-19 cases

Power generation, vehicle registrations dip

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

About 50% of Ford's Chennai employees agree to restart production: Official

Unions refute claim, say only 350-odd employees are heading back to shopfloor

LTI's net headcount set to go up this year, sees no decline in demand

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

SpiceJet postpones March quarter results after ransomware attack

Company postpones quarterly results scheduled on May 30

Employers' intent to hire freshers surges by 30% for Jan-Jun, says Report

There is a 30% rise in the intent to hire freshers in the January-June period of this year, as compared to the previous half year, showing a notable recovery in economic activity, says a report.

Great Resignation hits record high with 4.5 million exits in November

The Labor Department also reported that employers posted 10.6 million job openings in November

Top executives at Better.com resign after CEO fires 900 employees

The mortgage company's top three executive have left the company, the Insider reported

Indian IT services sector to see 4.5 lakh gross employee addition in H2

Indian IT services sector is expected to see a gross employee addition of about 4.5 lakh in the second half of the fiscal ended March 2022, according to a report by market intelligence firm UnearthInsight. With higher attrition in the second half of around 17 to 19 per cent, the industry is expected to have a net employee addition of about 1.75 lakh in H2 FY22, the 'IT Industry Q2 Insights & FY22 Forecast' report said. "Our H2FY22 report unveils insightful findings, and it further brings out the fact that the IT industry's perceived 'War on Talent' is real and it's getting intense with attrition is a rising concern for the industry. It's crucial for the industry to focus on Employee Value Proposition (EVP) even more aggressively to keep attrition in check," UnearthInsight founder and CEO Gaurav Vasu said. Vasu added that one of the highlights of first half is the way top IT firms have delivered upskilling programmes in completely digital format and have developed robust ...

MSRTC suspends 1,135 employees over strike, total rises to 2,053

The MSRTC on Thursday suspended more of its employees

5 in 10 workers now pick employer based on work-life balance: Study

Business leaders and employees significantly disagree on the future of work and new research showed on Tuesday that 57 per cent of employees will now select an employer based on work-life balance

New Zealand expands vaccine mandate, 40% of workers to get fully vaccinated

The changes will mean that about 40 per cent of all New Zealand workers will need to get fully vaccinated against the coronavirus or risk losing their jobs, up from about 15 per cent previously.

Over 82% Indian employers want vaccination to be made mandatory: Survey

Nearly half of all employees leave vaccine transparency in the hands of their employers

Govt asks depts to promote five-minute yoga break among its employees

Ministry of Ayush had designed and developed five minutes duration yoga protocol, named Y-break, for work place by an expert committee in 2019 and module was launched in January 2020 on pilot project