Employers

Employers up 6.6% at 766,000; members rise 7.6% in FY24: EPFO report

Retirement fund body EPFO has seen a 6.6 per cent year-on-year rise in contributing employers to 7.66 lakh while recording 7.6 per cent growth in members to 7.37 crore in 2023-24, a labour ministry statement stated. According to a statement issued on Sunday, the labour secretary and Chairperson of the Executive Committee, Central Board, Employees' Provident Fund Organization (EPFO), presided over the 109th Meeting of the Executive Committee on November 8, 2024, at EPFO Head Office in the national capital. This was the first meeting of the Executive Committee after the re-constitution of the panel on September 27, 2024. The Executive Committee is a statutory panel under the EPF Act 1952, with the mandate of rendering assistance to the Central Board of Trustees, EPFO in the discharge of its functions. The Annual Report for the year 2023-24 on the functioning of EPFO was also considered by the Executive Committee. As per the statement, while deliberating on the Annual Report, the ...

HC stays order declaring Ola's relation with drivers as employer-employee

The Karnataka High Court has stayed a single judge verdict, which had classified the relationship between ANI Technologies Private Limited (Ola) and its drivers as that of employer-employee. The original ruling required Ola to address complaints of sexual harassment involving its drivers. The interim order that stayed the original judgment was passed by a vacation bench consisting of Justice S R Krishna Kumar and Justice M G Uma, following an appeal by Ola against the earlier judgment dated September 30. In the original order, the single judge had directed Ola and its Internal Complaints Committee (ICC) to pay a compensation of Rs 5 lakh, along with Rs 50,000 in legal costs, to a woman who had filed a complaint of sexual harassment against an Ola driver. The court criticized Ola and its ICC for failing to take appropriate action, citing deliberate negligence. The single judge had ruled that Ola's refusal to act on the complaint based on the claim that drivers are not employees unde

ELI schemes likely to favour large companies, Labour Ministry told

Employer bodies share concern as part of stakeholder meet with govt

Indian employers most bullish globally on Oct-Dec quarter hiring: Survey

Corporate India reported the strongest hiring sentiments globally for the next three months, with 37 per cent of employers planning to increase their staff strength as businesses are bullish about the country's economic position, a survey said on Tuesday. According to the ManpowerGroup Employment Outlook Survey Q4, 2024, of nearly 3,150 employers across sectors and regions, the Net Employment Outlook in India is the strongest worldwide at 37 per cent, followed by Costa Rica (36 per cent) and the US (34 per cent) in the second and third place respectively. The Net Employment Outlook (NEO) is calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire. The India employment outlook for Q4 (October-December) stood at 37 per cent, up 7 per cent from Q3 2024, and unchanged when compared with the same time last year. "The hiring intention of employers signifies the positive outlook in the country's economic position that h

Microsoft regains top spot as best employer to work for in India: Randstad

The company was on the top of the list in 2022, but had slipped to fifth in 2023

Employer-employee hiring expectations gap continues to grow: Report

Around 34 per cent of organisations in the country struggle to find the right talent and one in three grapples with retaining existing employees as the gap between employer expectations and employee realities regarding hiring and retention continues to grow, according to a report. Even as employers and job seekers agree that flexibility, higher salaries and career progression are top priorities, employees value company culture and ethics more than the organisations realise while organisations overvalue the importance of brand and incentives, said Michael Page 'Talent Trends 2024 - India Expectation Gap' report. Coming out of the pandemic, a convergence of factors resulted in a subtle but transformative change in workplace dynamics, with people thinking more holistically about the value their job gives to their lives, said Nicolas Dumoulin, Michael Page Senior Managing Director for India, Thailand, Philippines, and Vietnam. Michael Page 'Talent Trends 2024 - India Expectation Gap' .

Employers taking measures to promote diversity, gender parity, says report

A significant percentage of employers in India are taking active measures to promote diversity and gender parity through progressive policies, upskilling, and flexibility and have realigned their hiring strategies by mandating women hiring at every level across sectors, says a report. According to New research conducted by ManpowerGroup India, 54 per cent of employers in India expressed optimism on their company's Diversity, Equity, Inclusion and Belonging (DEIB) initiatives being on track in increasing women participation at different levels, way above the global average of 46 per cent. The survey that examined 3,150 Indian employers, noted that internal leadership development programmes are most effective to help retain and secure diversified talent. Sector-wise, the Information Technology (IT) sector leads the way in strengthening its diversity ratio, closely followed by the healthcare and life sciences sector and financials and real estate sector, whereas the consumer goods and

Becoming mother natural phenomenon; employer has to be considerate: HC

Becoming a mother is a natural phenomenon, and an employer has to be considerate and sympathetic towards women staffers, the Bombay High Court said on Friday, while quashing a communication issued by the Airport Authority of India (AAI) denying maternity leave to an employee on the ground that she already had two children. A division bench of Justices A S Chandurkar and Jitendra Jain said women who constitute almost half of the segment of our society have to be honoured and treated with dignity at places where they work to earn their livelihood. Whatever the nature of their duties, vocation and workplace, women must be provided all the facilities to which they are entitled, it added. The bench quashed a 2014 communication issued by the AAI, Western Region Headquarters, which refused maternity leave to an employee, citing that she already had two children. "To become a mother is the most natural phenomenon in the life of a woman. Whatever is needed to facilitate the birth of a child

Upgraded National Career Service portal to give job market a fillip

May leverage AI, ML to make it more efficient; launch in 6-8 mths

Singapore orders all employers to consider employees' flexi-time requests

While the guideline isn't enforceable by law, it does require all firms in Singapore to set up a process for employees to submit a formal flexible-working arrangement request

Back to office, everyone

It seemed like yesterday when all IT majors were singing the praises of the #WorkFromHome practice. There were even reports that said many companies were planning on moving to #WFH permanently

EPFO extends deadline till May 31 for employers to upload pension details

Retirement fund manager EPFO has extended the deadline till May 31 for employers to upload wage details of those opting for higher pension to its database. Earlier, the deadline for employers to upload wage details for those opting for higher pension on higher contribution was December 31, 2023, a labour ministry statement said. EPFO (Employees' Provident Fund Organisation) had earlier provided all its subscribers an online facility for submitting applications for validation of option/joint options for pension on higher contributions. The higher pension option was offered to eligible pensioners/EPFO members in compliance with the Supreme Court order dated November 4, 2022. The online application facility was launched on February 26, 2023 with an initial deadline of May 3, 2023. However, considering the representations from the employees, the deadline was extended to June 26, 2023 in order to provide complete four months' time to eligible pensioners/members for filing ...

AI, diversity, inclusion will take centre stage in 2024: Indeed survey

Employees and employers geared up to adopt artificial intelligence at the workplace, with 59 per cent of employees are very confident in their ability to adapt and utilise AI tools, says a survey. According to an Indeed survey, going ahead, diversity and inclusion will take centre stage, as 47 per cent of employers indicate a forthcoming surge in policy adoption. The survey that covered a total of 6,531 individuals, consisting of 1,223 employers and 5,308 employees, noted that the focus will be on adopting AI and meeting the expectations of Gen Z employees. As per the survey, 59 per cent of employees are very confident in their ability to adapt and utilise AI tools. Meanwhile, only 19 per cent of surveyed employers have already implemented or are in the process of implementing next-generation technologies such as Generative AI at the workplace during the coming year. "From the rise in generative AI skills to the enduring importance of programming languages and the growing demand fo

Employer sponsored health insurance cost to rise 11% in 2024: Report

The report is based on responses from 223 insurers across 58 countries, analysing the key trends that are shaping the future of health care provided by employers

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

Employers in India bullish globally on hiring in 2024 March qtr: Survey

Corporate India's hiring sentiment for the next three months is one of the highest across the world, with 37 per cent of employers planning to increase their staff strength amid buoyant domestic demand conditions, says a survey. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,100 employers across sectors and regions, the Net Employment Outlook (NEO) in India is the highest amongst 41 countries. The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter. "Domestic demand remains buoyant, and private investments continue to flow in making India a lucrative economy. With stability in the political arena, progressive India is not a dream but a reality," Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, said. As pe

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

Employers in India anticipate measured hiring in next 3 months: Survey

Employers in India are anticipating a measured hiring pace in the next three months, as organisations are focused on investing in the professional development of their workforce and creating a positive work culture, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,020 employers across sectors and regions, hiring intentions have declined by 17 per cent when compared with the same time last year, while on a quarter-on-quarter basis, it has seen a marginal improvement of 1 per cent. The Net Employment Outlook for the October-December quarter stood at 37 per cent, up 1 per cent from the July-September quarter of 2023, and decreased by 17 per cent when compared with the same time last year. The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity. Employers cited professional ...

Elon Musk to fund legal bill of people treated unfairly due to posting on X

Musk on Sunday tweeted, "If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill. No limit. Please let us know"

Tata Power, Amazon India's most attractive employers in 2023: Randstad

Last year, the list was topped by Microsoft, followed by Mercedes-Benz and Amazon