TeamLease Services report released on Tuesday indicates that hiring intentions in services and manufacturing sectors for workers category for the first quarter (April-June) of 2023-24 are 10% more than the year-ago period. However, the hiring outlook has witnessed a 4% dip when compared with Q4...
A survey by FICCI in partnership with Randstad India has found that nearly 80 percent of startups plan to ramp up hiring in 2023, while almost 16 percent plan to maintain their existing headcount — a majority of these being early-stage entities — amid mass layoffs, especially in the tech space. For...
The Central Board of Employees’ Provident Fund Organisation (EPFO) has recommended an 8.15% interest rate to be credited on provident funds for the financial year 2022-23. In March 2022, the government declared an 8.1% interest rate for more than its six crore members, which was the lowest...
(IANS): Open source developer platform GitHub has laid off its entire engineering team in India, its second-largest developer community after the US, which affected at least 100 employees as part of the “reorganisation plan”. Tech writer Gergely Orosz, who tracks global tech layoffs...
(IANS): The Great Indian Sleep Scorecard (GISS), developed by the sleep solutions firm Wakefit.co, aimed to identify Indians’ sleep patterns and trends. Despite the fact that Mumbai is known as “the city that never sleeps,” a poll found that 70% of people here go to bed after 11...
On March 23, 2023, the Minister of Labour Employment issued clarifications in response to certain questions raised in the Parliament pertaining to higher pension. It was inter-alia clarified that as per directions contained in paragraph 44(ix) read with paragraph 44(v) and 44(vi) of the Supreme...
Allahabad High Court in Saroj Kumari vs. State of U.P. and 5 OthersCase Writ – A No. – 2211 of 2023, observed that denial of the maternity leave to the female employee on the ground that the child has already been bornis per se illegal and erroneousas very much apparent from the...
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Employee can challenge the retrenchment even after accepting the compensation: J&K and Ladakh HC
High Court of Jammu & Kashmir and Ladakh at Srinagar in India Tourism Development Corporation Limited &Anr. vs. Fayaz Ahmad Sheikh &Ors. LPA No. 163/2022 while examining an issue of retrenchment of workmen category of employees placing on the facts of the case wherein it was established...
(IANS): As layoffs continue to deepen amid recession fears, more than 23,000 employees have been laid off by at least 82 startups in India, and the list is only growing, the media reported. According to a report in Inc42, 19 edtech startups, including four unicorns, have alone sacked more than...
The latest findings from the annual AXA Study of Mind Health and Wellbeing 2023 have revealed that over 50% of Gen Z (aged 18-24) suffer from poor mental health in Asia and across the globe. Around the world, 53% of Gen Z is experiencing poor mental health, according to the survey. The survey...
