Page 3 - Employee

Byju's ex-employees charge it of missing full and final settlement deadline

Edtech major BYJU'S former employees have alleged that the company has failed to meet the deadline for full and final settlement of laid-off workers. BYJU'S workforce has come down to 31,000-33,000 at group level from 50,000 in October 2022. "I am writing to bring to your attention that I have not received my Full and Final (FNF) payment within the specified timeframe of 45 days and it's about 90 days and I did not get proper resolve from separation team fnf team and all," a former BYJU'S employee wrote on a social media platform. When contacted, the employee claimed that full and final settlement of many employees whom he knows has not been settled yet. An employee sent out an email to several media persons claiming that he was promised by the HR manager at BYJU'S that he would be paid the September month salary along with one month's severance pay by October and later he got an email which deferred the date to November 17. The employee said that the payment is still getting ...

GenZ workplace expectations: Professional growth, competitive pay structure

93% of GenZ employees said that they not only want to climb up the corporate ladder but also aspire to reach C-suite positions like chief executive officer and chief finance officer

Social security benefits for salaried employees shrinking post pandemic

Workers in rural areas, women hit harder

Retirement planning for self-employed: Invest in NPS, PPF and MF SIPs

Instead of reinvesting all surplus in business, invest a part in accumulating a corpus

Swimming against the tide

In this age of AI, creating an employee-first culture may seem counter-intuitive. But not if you believe in the primacy of building human relationships at the workplace

National Boss Day 2023: Date, history, significance and best wishes

National Boss Day is celebrated every year on October 16, this day recognises the dedicated Boss whose hard work leads to personal, professional and organisational growth

Citigroup warns UK staff of cuts as hundreds of roles could be affected

Bankers have been bracing for change after CEO Jane Fraser said earlier this month that Citigroup, the third-largest US

Dunzo defers employee salaries for June and July yet again to November

The startup had previously deferred the June and July salaries of over 50 per cent of its workforce of 1,000 to the first week of September

Under new labour laws, unused leaves beyond 30 will be paid for by employer

The new regulation will do away with the system where unused leaves used to lapse beyond a certain time limit

SBI reports merely 3% employee attrition, much lower than Private peers

The expansion of industry and the economy are producing ample job opportunities, which may be one of the reasons behind the high attrition rate in the private sector

Employees' State Insurance Corporation adds 20.23 lakh new members in May

Employees' State Insurance Corporation (ESIC) has added 20.23 lakh new subscribers in May 2023, according to the latest payroll data. The provisional payroll data of ESIC reveals that 20.23 lakh new employees have been added in May 2023, a labour ministry statement said. Around 24,886 new establishments have been registered and brought under the social security umbrella of the Employees' State Insurance Corporation in May 2023, thus ensuring more coverage, it stated. According to the data, more jobs have been generated for the youth of the nation as out of the total 20.23 lakh employees added during May 2023, 9.40 lakh employees up to the age group of 25 years constitute the majority of new registrations, which is 47 per cent of the total employees. Gender-wise analysis of payroll data indicates that the net enrolment of female members has been 3.96 lakh in May 2023. The data also revealed that a total of 71 transgender employees have got registered under ESI Scheme in May 2023. I

Kerala govt to deduct salary of 'dying in harness' employees flouting rule

The Kerala government on Wednesday decided to take strict action against those who gained government jobs under the dying in harness provision if they were found neglecting other dependents of the deceased employee. The decision was taken by the state cabinet meeting, chaired by Chief Minister Pinarayi Vijayan. The Cabinet noted that the employees who enter the service under such a provision were liable to protect other dependents of the deceased employees. It decided to issue an order authorising the appointing authorities to deduct 25 per cent of the monthly basic pay of such employees who do not protect their dependents and pay it to the eligible dependents. If the employees joining the service under the dying in harness provision do not take care of the needs of their dependents, including food, property, shelter, treatment, and care, they can lodge a written complaint against the said employee with the appointing authority. According to the government decision, if complaints

Tata Motors' permanent employee strength rises after three years: Report

Permanent employee strength rose by 11.14 per cent in FY23 to 81,811

Olx Group lays off 800 employees worldwide, shuts down some markets

Prosus's online marketplace and classifieds business arm, Olx Group has laid off approximately 800 employees worldwide and shut down its automotive division in some markets

ESIC adds 1.79 mn new subscribers in April 2023, says payroll data

Gender-wise analysis of payroll data indicates that enrolment of net female members has been 3.53 lakh in April 2023

Asia leads 'back to office' effort; nearly 50% say will quit if no WFH

Wall Street chiefs have been among the loudest in pushing for a return to the office five days a week. JPMorgan Chase & Co. ended remote arrangements for its managing directors in April

83% of employees willing to delegate work to artificial intelligence

As AI threatens to take away certain jobs, 83 per cent of Indian employees are willing to delegate as much work as possible to AI to lessen their workload, a report showed on Thursday

Risk appetite of employees see sharp uptick, open to new job opportunities

Loyalty has lost its lustre for many workers as a significant percentage of employees in India are now open to being tempted away with the promise of better pay, flexibility and conditions, says a report. According to leading global recruitment firm Michael Page India's annual Talent Trends 2023 report, the talent market is in an universal flux as 98 per cent of all employees are open to new opportunities. "Companies can only confidently rely on fewer than 1 in 10 people in their current workforce to be retained this year," the report titled 'The Invisible Revolution' said. The report, which focused on critical trends and developments in the employment market, is based on the survey conducted on 70,000 participants globally, including 4,000 Indian respondents. The report highlighted the "cultural revolution" in the workplace in the last 12-18 months and said that 98 per cent of the skilled, white-collar professionals surveyed are open to new opportunities. "It is quite a staggerin

Oracle lays off over 3,000 employees from health IT arm Cerner: Report

Cloud major Oracle reportedly laid off more than 3,000 employees at the electronic healthcare records firm Cerner which it acquired for $28.4 billion

S&P Global unveils enhanced employee benefits with 'People First 9.0'

S&P Global on Tuesday launched "People First 9.0", the latest iteration of its enhanced global benefits policy across all its markets, including India.