Page 2 - Jobs And Employees

Job applicant sends their CV through Blinkit: "The hustle is real"

A job applicant was looking for a job and shared his CV and cover letter through Blinkit. An X user, Aditya, shared a post on X and wrote "the hustle is real"

Asked to work from home, then fired: How Stellantis laid off 400 employees

Stellantis laid off around 400 employees in a video call after asking them to do work from home on a particular day. They will now get a comprehensive separation package and transition assistance

CM Banerjee announces 4% DA hike for WB govt employees from Jan 1

West Bengal Chief Minister Mamata Banerjee on Thursday announced that her government would be giving a four per cent raise in dearness allowance (DA) to all its employees from New Year's Day. Banerjee made the announcement while speaking at the inauguration of the Kolkata Christmas Carnival 2023 at Allen Park in Park Street area of the city. "I announce that all 14 lakh state government employees, teaching and non-teaching staff of all schools, colleges and universities, and employees of all statutory undertakings and parastatals and pensioners would be getting another instalment of 4 per cent DA from January 1, 2024," Banerjee said. Stating that the provision of DA is mandatory for the central government whereas it is "optional" for the state, Banerjee said that for the DA hike, her government would have to bear an additional expense of Rs 2,400 crore. "For us, DA is not mandatory but optional. Considering their well-being, we are giving this 4 per cent DA hike," she added. West

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

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

Dunzo to settle ex-employees dues in 3 months, firm restructuring underway

Logistics and delivery firm Dunzo plans to settle dues of former employees in next three months while it is regularising salary for its current employees, sources said. The firm backed by Reliance Retail and Google said that while its co-founder Davlir Suri has decided to leave the company, another co-founder Mukund Jha will continue be part of the strategic leadership team. "In June salary of 85 per cent employees were paid. Salary of current employees for the month of July is pending and rest of month salary has been cleared. The July month salary will also be cleared in some time. Dues of ex-employees will be settled in the next three months," a source, who did not wish to be identified, told PTI. The development comes after Dunzo raised USD 75 million in April, and fired about 300 employees in the first half of this year as part of cost-cutting measures. The company in total has raised around USD 457 million. Another source said that the company has plans to lay off around 150

E-recruitments fall 8% in Sep as cos focus on upskilling existing employees

E-recruitment activities in India declined 8 per cent in September as hiring stagnated with companies focusing on upskilling their existing employees, a report said on Tuesday. According to the 'Foundit Insights Tracker', e-recruitment activities in the country dipped 8 per cent in September compared to the year-ago period, while hiring declined by 2 per cent month-on-month. "India is experiencing a temporary hiatus in hiring as companies focus on upskilling their current employees to the changing landscape before hiring new talent. However, our economic prospects are bright and resilient against global headwinds," Sekhar Garisa CEO of Foundit, a Quess company, said. "The rise in real wages and disposable incomes is boosting demand, particularly in private health insurance, retail, and consumer durables," he said. Additionally, he said improved access to finance, infrastructure upgrades, green initiatives, and policy reforms further contribute to a favourable business environment t

Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees

According to the new timeline provided in an email to sacked employees, employees can now expect to receive their outstanding payments by November 17, as against the earlier September 15 deadline

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

7.58 million benefit from ARBY employment scheme, exceeding initial goal

The Aatmanirbhar Bharat Rozgar Yojana (ABRY) was launched in October 2020 to incentivise employers to create more jobs

After quiet quitting & quiet firing, are companies now quiet cutting?

Quiet cutting is a move by companies where they remove positions but do not fire any employees

EPFO holds talks with Ministry of Finance on reinvesting ETF money

EPFO will move the final proposal for the finance ministry's assent once the finance and labour ministries decide on the matter

ESIC adds 2.02 million new employees for the month of May: Payroll data

The Ministry of Labor and Employment said in a release that around 24,886 new establishments have been registered under the ESIC for the month of May

5% rise in non-tech white-collar jobs in June, no respite for IT sector

While the core sector showed a positive sentiment, hiring in the country's IT services sector fell to its lowest level since December 2020

Homegrown TikTok Alternative Chingari announces 20% cuts in workforce

20 per cent of employees at Chingari short video app will be affected by new layoffs. The move is expected to start an "organisational rebuilding for improved effectiveness"

With fewer than 15 days to deadline, check how to apply for higher pension

Those willing to apply for a higher pension under EPS can do so until June 26, 2023

Toxic bosses biggest reason for Indian employees quitting jobs: Report

86% of employees state that they plan to leave their jobs in the coming six months citing toxic bosses, hostile work environments, and low wages their reason shows Harappa Insights report

India employees ready to delegate more work to AI: Microsoft report

74% worried that AI would replace jobs, 83% ready to delegate as much work as possible: Microsoft report

Lyft plans 30% staff cut in a fresh round of layoffs to reach profitability

The Wall Street Journal earlier reported the cuts, adding that they could help Lyft slash 50% of its costs

88% of Indian workforce prioritise upskilling for career growth: Report

The report found that short courses, employer-sponsored training, and university degrees are considered the most important for moving up from current positions