Government looking to amend rules for availing unemployment benefit under ESIC
Proposed changes could include providing unemployment benefits of up to 50% of the last drawn salary for three months as against 25% of the salary available under the Atal Beema Vyakti Kalyan Yojana (ABVKY) currently. Time period could be extended further if needed, the official said.
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Covid-19: Public, pvt cos told not to cut salaries, lay off staff
The government asked public and private establishment employers not to cut salaries or lay off employees during the coronavirus pandemic.
Capgemini to hire up to 30,000 employees in India this year
The Indian workforce constitutes for over half of Capgemini's global employees base.
Payroll data: Over 23 lakh formal jobs created in November
The government has been publishing the data on employment created in the formal sector using information on the number of subscribers who have subscribed under three major schemes, namely the Employees’ Provident Fund (EPF) Scheme, the Employees’ State Insurance (ESI) Scheme and the National Pension Scheme (NPS).
BNY Mellon looks to add up to 10% to 13,000-strong employee base in India
The announcement comes at a time when some of the back offices in India promoted by global financial majors are facing difficulties with headlines like job cuts dominating largely due to the woes of the parents. The bank's employees are spread across two centres in Pune and Chennai, and handle both operations as well as technological functions.
Work-life balance key to employee work performance in India, shows survey
The India@Work report, which surveyed 585 Gen-Y professionals from varied sectors and senior levels across India, showed that 90% employees feel a flexible work environment is important.
Sack, furlough or reskill? India Inc’s talent dilemma
Among HR circles, furloughing is increasingly being proposed as the alternative, ‘softer’ approach.
Jobs are back in formal economy
Cumulatively, 2,642,549 employees were added in November under the three social security schemes of the govt as per the payroll data released by the ministry of statistics and programme implementation. While 1,162,863 net additions were in EPFO, 1433,000 people were added under the Employees’ State Insurance Scheme and 46,686 were added under the National Pension Scheme.
COVID-19: Bigbasket to hire 10,000 people for warehouses, delivery
E-commerce companies have been struggling to deliver orders after the 21-day lockdown, imposed to contain the spread of the deadly coronavirus, came into effect from March 25.
Work-from-home going to stay, even after Covid-19 scare is over
HR heads see it as a win-win solution helping employees save on commute time and cos to cut establishment cost, raising productivity. HR heads also say arrangements such as hot-desking will become more common, bringing down establishment costs.
Average increment rate pegged at 9.2% in 2020: Korn Ferry
Increment rates have been slowing down over the last decade or so, said Chaudhary, showing the impact of business performance on payouts as well as the growing consciousness of organisations around P&L margins and budgets.
Why India Inc needs to invest in resilience
The economic package announced by the Central Government may accord a momentary glimmer of light at the end of the tunnel. But industry leaders know that once the storm is over, it will be a long, hard road to recovery – and that it will take far more than building greater competencies in domain or technical skills, to get the job done.
MNC Esops to Indian staff face tax scrutiny
Many multinationals give Esops to their Indian employees and then cross charge the cost to their Indian arm. The department is questioning the valuation of Esops for the purposes of domestic and international taxation, said the persons cited above.
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