Page 7 - Employee
e-con Systems opens new site in Bengaluru, eyes $10 million funding
e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel
 "e-con Systems opens new site in Bengaluru, eyes $10 million funding")
Employee costs surge over 12% to a record Rs 10.8 trillion in FY22
Employee costs rose over 12% in FY22, the fastest in 8 years
 "Employee costs surge over 12% to a record Rs 10.8 trillion in FY22")
Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn
Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK
 "Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn")
Swiggy starts ESOP liquidity programme worth $23 mn, expands offering
Swiggy employees will this year have the option to receive liquidity of up to $23 million against their ESOPs
 "Swiggy starts ESOP liquidity programme worth $23 mn, expands offering")
Chile: Man, who got paid 286 times his salary, resigns and disappears
To retrieve the money, the company has now reached out to various agencies and registered a complaint against the employee
 "Chile: Man, who got paid 286 times his salary, resigns and disappears")
Size of India's gig economy, the challenges it faces and possible remedies
While the tribe of contractual workers is growing rapidly, many of the challenges they have been facing remain unaddressed
 "Size of India's gig economy, the challenges it faces and possible remedies")
Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report
Think-tank recommends social security for gig workers
 "Indian gig economy to have 23.5 mn workers by 2029-30: Niti Aayog report")
Recovery tracker: Workplace visits rise despite spurt in Covid-19 cases
Power generation, vehicle registrations dip
 "Recovery tracker: Workplace visits rise despite spurt in Covid-19 cases")
Udaan lays off about 180 employees in a move to drive cost-efficiency
The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months
 "Udaan lays off about 180 employees in a move to drive cost-efficiency")
About 50% of Ford's Chennai employees agree to restart production: Official
Unions refute claim, say only 350-odd employees are heading back to shopfloor
 "About 50% of Ford's Chennai employees agree to restart production: Official")
LTI's net headcount set to go up this year, sees no decline in demand
LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years
 "LTI's net headcount set to go up this year, sees no decline in demand")
SpiceJet postpones March quarter results after ransomware attack
Company postpones quarterly results scheduled on May 30
 "SpiceJet postpones March quarter results after ransomware attack")
Employers' intent to hire freshers surges by 30% for Jan-Jun, says Report
There is a 30% rise in the intent to hire freshers in the January-June period of this year, as compared to the previous half year, showing a notable recovery in economic activity, says a report.
 "Employers' intent to hire freshers surges by 30% for Jan-Jun, says Report")
Great Resignation hits record high with 4.5 million exits in November
The Labor Department also reported that employers posted 10.6 million job openings in November
 "Great Resignation hits record high with 4.5 million exits in November")
Top executives at Better.com resign after CEO fires 900 employees
The mortgage company's top three executive have left the company, the Insider reported
 "Top executives at Better.com resign after CEO fires 900 employees")
Indian IT services sector to see 4.5 lakh gross employee addition in H2
Indian IT services sector is expected to see a gross employee addition of about 4.5 lakh in the second half of the fiscal ended March 2022, according to a report by market intelligence firm UnearthInsight. With higher attrition in the second half of around 17 to 19 per cent, the industry is expected to have a net employee addition of about 1.75 lakh in H2 FY22, the 'IT Industry Q2 Insights & FY22 Forecast' report said. "Our H2FY22 report unveils insightful findings, and it further brings out the fact that the IT industry's perceived 'War on Talent' is real and it's getting intense with attrition is a rising concern for the industry. It's crucial for the industry to focus on Employee Value Proposition (EVP) even more aggressively to keep attrition in check," UnearthInsight founder and CEO Gaurav Vasu said. Vasu added that one of the highlights of first half is the way top IT firms have delivered upskilling programmes in completely digital format and have developed robust ...
 "Indian IT services sector to see 4.5 lakh gross employee addition in H2")
MSRTC suspends 1,135 employees over strike, total rises to 2,053
The MSRTC on Thursday suspended more of its employees
 "MSRTC suspends 1,135 employees over strike, total rises to 2,053")
5 in 10 workers now pick employer based on work-life balance: Study
Business leaders and employees significantly disagree on the future of work and new research showed on Tuesday that 57 per cent of employees will now select an employer based on work-life balance
 "5 in 10 workers now pick employer based on work-life balance: Study")
New Zealand expands vaccine mandate, 40% of workers to get fully vaccinated
The changes will mean that about 40 per cent of all New Zealand workers will need to get fully vaccinated against the coronavirus or risk losing their jobs, up from about 15 per cent previously.
 "New Zealand expands vaccine mandate, 40% of workers to get fully vaccinated")
Over 82% Indian employers want vaccination to be made mandatory: Survey
Nearly half of all employees leave vaccine transparency in the hands of their employers
 "Over 82% Indian employers want vaccination to be made mandatory: Survey")
