In a crucial judgment, the Supreme Court held the provisions of the Employees Pension (Amendment) Scheme 2014 to be legal and valid.However, so far as the present members of the fund are concerned, the Court has read down certain provisions of the scheme. While allowing the appeals filed by the...
According to Naukri JobSpeak Index, while demand across experience professionals stayed neutral in Oct’22, senior professionals with over 13 years of experience saw an uptick in demand growing by (+6%) over last year. At the same time, demand for freshers stayed flat while the demand for mid-level...
(IANS): D2C home and sleep solutions platform Wakefit.co launched a ‘No Questions Asked’ wellness leave policy for its employees. The policy extends a no-questions-asked leave to all employees once a month. These wellness leaves can be availed by the workforce to support their physical...
Minfy Technologies, a Cloud Native System Integrator helping enterprises, start-ups and fast-growing businesses has announced the appointment of the new CHRO, Amit Kataria, for its global business. Amit joins as the Chief Human Resources Officer to drive Minfy’s commitment to its people and create...
Infosys BPM (business process management), the BPM arm of Infosys, has reduced the variable pay of employees by 40% in the second quarter of this fiscal. For some bands of employees (J4, J5 and J6), the average variable payout for Q2 is at 60%. In its mail to employees, the company said performance...
A new global study from WTW highlights a startling difference between the wealth accumulation of men and women at the point of retirement around the world. The 2022 WTW Global Gender Wealth Equity report, out on 3rd Nov.22, shows that on average women are expected to reach retirement with just 74%...
Mastercard announced the elevation of Joseph Fernandes as Senior Vice President & Head, People & Capability for South Asia. Joseph joined the company in 2017 and since then, has been leading HR for the India Tech Hub in Pune. He succeeds Priti Singh, who served in the position for over four...
(IANS): Hiring in the Indian IT sector slowed down by 18 per cent in the month of October compared to last year, a report showed on Tuesday. With the IT sector showing a decline, Bengaluru, Hyderabad and Pune showed a decline in hiring activity, according to the Naukri JobSpeak index. Apart from...
(PTI): Tech Mahindra, one of the earliest backers of moonlighting, is a digital company and not a legacy one, which makes it support side hustles, a top official said on Tuesday. The Mahindra group company is yet to come out with a policy on this aspect because it has to be something which will be...
Hiring of new permanent employees dipped 61% since Oct 2021 Hiring dip across seniority with CXO hiring seeing 93% cut Payments to gig workers have risen 153% No of enterprises that have shifted to a semi-gig workforce model have gone up 15% Gig workers who earn Rs 85,000-150,000 per month have...
