Page 7 - Employees

Kinara Capital plans to add 700 employees by November

Kinara Capital, a fintech company serving Micro, Small and Medium Enterprises (MSMEs), said on Tuesday it plans to add 700 employees across its 125 branches and Bengaluru head office within the next six months. It said job opportunities are available at all levels, from new graduates to experienced senior management. Available field roles at the branch level are positions in sales, collections, operations, credit Risk, and Internal Quality Audit (IQA), it was stated. At its head office in Bengaluru, Kinara is seeking to fill positions across departments in data science, engineering, data platform, IT, HR, business operations, finance & accounting, marketing, products & strategy. Founder & CEO of Kinara Capital, Hardika Shah, said: We are growing our team to support even more MSMEs, especially as we continue to expand in Tier 2 and Tier 3 geographies.

S&P 500 firms' CEO pay up 17% as profits, stocks soar; workers fall behind

Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analysed for The Associated Press by Equilar. The gain towers over the 4.4% increase in wages and benefits netted by private-sector workers through 2021, which was the fastest on record going back to 2001. The raises for many rank-and-file workers also failed to keep up with inflation, which reached 7% at the end of last year. CEO pay took off as stock prices and profits rebounded sharply as the economy roared out of its brief 2020 recession. Because much of a CEO's compensation is tied to such performance, their pay packages ballooned after years of mostly moderating growth. In many of the most eye-popping packages, such as Expedia Group's, valued at $296.2 million and JPMorgan Chase's $84.4 million, boards gave ...

Centre asks Air India employees to vacate housing colonies by July 27

Employees will have to pay penalties and lose retirement benefits if they don't move out, says memo.

India Inc struggles to get employees back to office

Scores of employees at WhiteHat Jr have recently quit after being told to join office. This has brought the focus back on India Inc's return-to-office plans and implementation challenges it is facing

84% employees feel organisation culture improved since Covid begun: survey

Around 84 per cent of employees globally say the organisation's culture has improved since the start of the pandemic, an EY Survey said

84 workers at 42 airports found drunk on duty between Jan '21-Mar '22: DGCA

While many of the workers who failed the alcohol tests were employed by airport operators, a significant section of them were employed by other companies which work at the airport

Two top managers fired from Twitter amid Elon Musk's buyout turmoil

Twitter fired two of its top managers Friday, the latest sign of internal turmoil amid Tesla billionaire Elon Musk's planned buyout of the company. One Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tweets Thursday, Beykpour said CEO Parag Agrawal asked me to leave after letting me know that he wants to take the team in a different direction. Bruce Falck, Twitter's revenue and product lead, was also fired, according to a tweet that has since been deleted. His Twitter bio now says unemployed. I dedicate this Tweet to those engineers and thank you ALL for the opportunity to serve alongside you. It's been awesome. There is a lot more to do so get back to work, I can't wait to see what you build, Falck tweeted. Twitter confirmed both departures and said the company is pausing most hiring and except for business critical roles. In addition, it said in a statement, we are pulling back on non-labor costs to ensure we are being responsible and ...

Netflix tells employees ads may appear by end of 2022: Report

The streaming pioneer is also planning to start cracking down on password sharing among its subscriber base around the same time, the NYT report said

Zomato's Goyal to donate Rs 700cr ESOP proceeds to Zomato Future Foundation

Goyal was granted ESOPS by Zomato's investors and board based on his performance right before the company went public last year

Amazon ends 14 days of paid time-off for Covid-infected employees

Starting from Monday, Amazon will offer up to five days of "unpaid, excused leave", reports CNBC

SoftBank-backed Unacademy lays off 600 employees in cost-cutting drive

That's nearly 10% of the company's workforce and comes in the aftermath of the pandemic; the move follows termination if 100 staffers from PropLadder team in March

At least 58% of corporate staffers have one non-communicable disease: Study

48% carry risk of high cholesterol, 18% could become obese, said research by Apollo Hospitals

PhonePe to more than double employee count to 5,400 by December 2022

Digital payments platform PhonePe on Tuesday said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600

Rushing back to office

There's a real fear that senior colleagues, who can't stand the idea that one of their own has the privilege of working remotely, could end up undermining his position

Former Apple employee charged with defrauding tech giant $10 mn

A former Apple employee has been charged with defrauding the tech giant out of more than USD 10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said

BCAS allows Sikh aviation sector employees to carry kirpan within airports

Aviation security regulator BCAS has permitted Sikh aviation sector employees to carry kirpan on person within the airport premises, a document stated

RD Group Recognizes and Appreciates Its Employees in Annual Employee Meet 2022

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Challenge for EPFO as gap between govt yields and scheme's returns widen

EPFO invests mostly in central and state govt securities. Its earnings from these instruments are largely used to pay interest to its subscribers

Procter & Gamble India extends benefits to partners of LGBTQ+ staff

FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees. Earlier these benefits were available to spouses of married employees and will now be extended to the partners of LGBTQ+ (lesbian, gay, bisexual, transgender and queer+) employees as well, Procter & Gamble India said in a statement. From April 1, 2022, partners of LGBTQ+ employees would be covered under the company's medical plan that provides hospitalisation coverage to staff and their dependents, it added. Besides, LGBTQ+ employees can avail emergency financial assistance for their partners, said P&G India which operates here with a portfolio of power brands that include Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders and Vicks. P&G India provides emergency financial assistance to its employees and their partners in case of natural calamity, death of an immediate family member or hospitalisation of ..

Making 'Dinobabies' extinct: IBM's push for a younger work force

Documents show high-level discussion about paring ranks of older employees