Corporate Culture

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist

For the financial year ending March 2024, the Nifty 500 companies reported legal costs of Rs 52,568 crore ($6.26 billion), a 17.03 per cent rise from the previous year's Rs 44,920 crore

Many of today's Indian conglomerates also began life this way. In 1958, more than a decade after the departure of British rulers, the Tata Group had nine agencies managing 60 companies

Employees with disabilities being groomed for managerial roles, able-bodied workforce sensitised and trained in sign language

As companies asked employees to return, demand for office spaces surged this year

PayCraft, a fintech entity in online and offline payments processing, on Tuesday said it launched One Nation Corporate Card in partnership with NSDL Payments Bank and National Payments Corporation of India (NPCI). The Mumbai-based company said the card, built on an indigenously developed multi-wallet platform with transit issuance and processing capability, serves as a tax benefit instrument for corporate employees. The card also comes with a corporate expense management platform for the employer to manage their expenses digitally. "The One Nation Corporate Card will be offered to the Indian customers pan-India from June end. We aim to service a million customers both corporates and SME employees pan-India within 24 months of our launch," said Ambarish Parekh, CEO of PayCraft. Built on National Common Mobility Card (NCMC) specifications with offline enabled, these cards will advance the Government of India's vision of One Nation One Card, the company said. It also offers a solutio

The founder of Infosys' comment about working 70-hour weeks says productivity should be at the heart of a national debate

Girish Kousgi, MD & CEO of PNB Housing Finance says the plan is to grow the loan book by 17% and disbursement by 22-23% in the current financial year

'More hours' does different things at the level of individual, firm or country

Environmental, social and governance (ESG) will help companies create a sustainable business culture which goes beyond wealth creation, leading executives of companies said on Tuesday. ESG reporting landscape is rapidly changing at the global level owing to ever increasing challenges and re-orientation of the corporations, they said. Speaking at a CII event here, managing director of Linde India Abhijit Banerjee said with increasing challenges arising out of ESG dimensions, business leaders in India see a merit to reorient their corporate purpose and extend beyond wealth creation into broader themes that its key stakeholders are concerned with. Banerjee said in the present world, sustainability is something that investors are demanding, customers are expecting and employees are valuing. "Leadership has to play a key role in implementing sustainable business culture in an organisation. The leadership indicators focus on providing a broader picture of the company's operations in term

Divya Khanna's book makes a case for a more humane and engaging corporate culture. She argues our status consciousness and competitiveness make our careers a collection of shorter sprints

Leasing of flexible workspace by corporates rose 59 per cent in April-June at 28,167 desks across top eight cities as they are embracing managed office space amid uncertainties, according to Cushman & Wakefield. Enterprises had leased 17,691 seats in coworking centres in the April-June quarter of last year across eight major cities -- Delhi-NCR, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Kolkata and Ahmedabad. In its latest report on India's office market, real estate consultant Cushman & Wakefield said: "A lot of companies, including the global multinationals, have embraced the managed space concept leading to enterprise flex seat deals standing at 28,167 seats transacted in Q2-22." Bengaluru, Pune, and Hyderabad are cities spearheading the enterprise deals in flexible seats, with the three cities accounting for around 75 per cent of all deals since the start of 2021. Anshul Jain, Managing Director South East Asia and India, said the growth in office leasing indicates ...

Additional day off, wellness products, sweets prepared touch-free - corporate gifts gets an innovative edge

India's corporate landscape is changing, and the economy is set to change with it, notes Amit Tandon

After Trump incited a mob to storm the Capitol, prominent business figures swiftly condemned the violence

Training can actually harm workplace relationships, while mentoring places the burden of changing the system on those disadvantaged by it and with the least influence over it

Welch had the less-acknowledged talent of working productively with people he didn't get along with and meticulously planning his succession

The corporation is more than just about sustainable production. It is about companies taking into account the social order in which they operate

Workplace challenges to create a great culture, according to research