Page 4 - Employee

Credit Suisse employee bonuses tied to AT1 bonds were also wiped out

The move, described by people briefed on the decision, erases so-called contingent capital awards that had been worth 360 million Swiss francs ($403 million) at the end of 2022

LS Secretariat holds 'chintan shivir' to boost creativity amongst employees

The Lok Sabha Secretariat organised a brainstorming session on Monday with an aim to boost innovative thinking and augment professional expertise of its employees. Inaugurating the two-day 'Chintan Shivir', Lok Sabha Secretary General Utpal Kumar Singh said the idea behind organising the event was to provide a platform for setting goals, fostering creativity and encouraging innovative thinking among the officials of the secretariat to augment their professional expertise. The purpose of the exercise is to reflect on administrative issues and ensure that the officials remain connected to the aspirations of people, he said. Singh hoped that such sessions would not only raise the efficiency of the officials through positive brainstorming but also ensure transparency and objectivity in the working of the secretariat. Drawing on his past experience of having organised and attended such shivirs as a government official, Singh said this first-of-its-kind initiative in Lok Sabha would be t

Chennai unit severance package for over 2,592 staff cost Ford Rs 1,296 cr

Average pay worked out to Rs 44.8 lakh per employee; The company is yet to find buyers for the unit

Most Indian female blue collar employees confident about equal pay: Survey

A significant percentage of female blue collar employees in India are confident they receive equal pay, says a survey. According to leading job site Indeed's report titled 'The Pulse of India's Blue Collar Workforce', over 95 per cent of Indian female blue collar employees are confident they receive equal pay and 93 per cent of male employees have also said the same. The research was conducted by Censuswide on behalf of Indeed with 508 employers and 1,001 employees in the blue collar segment. The survey examined the state of men and women representation among the blue collar workforce in India and how blue collar organisations measure up in terms of diversity and work culture. "Our data shows that men and women in blue collar are more or less on the same page when it comes to equal pay, importance of equal gender representation and the benefits of it," Sanjukta Ghosh, Social Impact Manager at Indeed, said. The survey further noted that in case of pay disparity, 70 per cent of the

Global media outlet NPR plans to lay off 100 employees as revenue declines

Global media outlet NPR plans to lay off about 10 per cent of its current workforce, about 100 employees, as its financial outlook has "darkened considerably over recent weeks."

Pak govt officers forced to contribute 50% of their pays for Turkey relief

Without any formal orders by the Pakistan government, Balochistan government have found a 50% cut in their salaries on the grounds that they are required to contribute to the Turkey relief aid

Musk continues to sack Twitter employees despite promise not to do so

Elon Musk is still laying off Twitter employees as dozens of workers across sales and engineering departments were laid off last week, including one of Musk's direct reporting executive

Punjab Cabinet gives nod to regularising services of 14,417 employees

Punjab Cabinet led by Chief Minister Bhagwant Mann gave nod to the Policy for Welfare of Adhoc, Contractual, Daily Wages, Work Charged and Temporary employees, paving way for regularising the services

Psychological safety ​key performance indicator, crucial for India Inc

According to a new report, 34% of the surveyed employees feared burnout, 25% feared failure at psychologically unsafe workplaces

Psychological safety leads to higher employee retention, engagement: Report

Psychological safety at workplace is a crucial need for corporate India as it leads to higher employee retention and engagement, says a report. Psychological safety refers to employees believing that they can take risks without being shamed by other members. According to leading job site Indeed's report on Diversity, Inclusion and Belonging (DI&B) at Indian Workplaces, 45 per cent of all employers surveyed believe that psychological safety is a strong performance indicator and 47 per cent believe it is a crucial need. This study was carried out by Valuevox on behalf of Indeed across 15 sectors and 16 cities, involving 1,200 employers and 1,500 employees of small, medium, and large businesses. According to Rohan Sylvester, Talent Strategy Advisor, Indeed, amidst various global uncertainties, organizations are looking to build high-performing teams. "In the last couple of years, employees have faced various stressors related to work such as burnout, mental health issues, overwork ..

Roomba vacuum maker iRobot to lay off 7% of workforce as revenue sinks

Robot vacuum cleaner maker iRobot has announced to cut around 7 per cent of its workforce or about 85 employees.

Will ChatGPT replace you? Sales guys think so, economists don't

Finance sector employees also don't see their jobs being at risk: MLIV Pulse survey

Thousands of Salesforce employees get to know they've been sacked

Several Salesforce employees just came to know that they have been fired, as the company began laying off 7,000 workers or 10 per cent of its workforce as announced earlier last month

Govt examining SC order on employees' pension scheme: Union minister

The government on Thursday said it is examining a Supreme Court judgement which upheld Employees' Pension (Amendment) Scheme, 2014 and allowed employees to opt for enhanced pension coverage alongside their employers in four months' time. "Yes, sir. The directions of the Supreme Court in the judgment are under examination," Minister of State for Labour & Employment Rameswar Teli said in a written reply to Rajya Sabha. Teli was replying to a question on whether the government is aware about the Supreme Court verdict of November 4 on EPF pension scheme and by when it will implement the verdict and instruct the EPFO (Employees Provident Fund Organisation) to take actions for giving higher pension. In another written reply, Teli said the court judgement has legal, financial, actuarial and logistical implications. The scheme has provided for an extension of four months' time for eligible employees to opt for enhanced pension. The apex court order provides that employees who were ...

CEO Elon Musk actively searching for new chief for Twitter: Report

Billionaire Elon Musk is actively searching for a new chief executive officer for Twitter Inc, CNBC reported on Tuesday, citing sources

Twitter hit with dozens of legal complaints by ex-employees post layoffs

Twitter laid off roughly 3,700 employees in early November in a cost-cutting measure by Musk, who paid $44 billion to acquire the social media platform, and hundreds more subsequently resigned

Significant dip in number of regular employees in CPSEs since 2014: Centre

There has been a substantial decline in the number of regular employees in various Central Public Sector Enterprises since 2014, while the number of contractual employees has increased

Worker Population Ratio continues to grow, up by 5.8% in 4 years: Centre

An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh

European cargo airline moves NCLT to acquire 3 Jet Airways aircraft

Fresh challenge for reviving Jet as union opposes sale of assets until employees get provident fund and gratuity

Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23