EMPLOYEE GROWTH
IPO-bound Swiggy announces fifth Esop plan worth $65 million
Swiggy has cumulatively enabled over Rs 1,000 crore of Esops liquidity over the five events, benefiting more than 3,200 employees. Girish Menon, head of HR at Swiggy said, the latest Esop event is to acknowledge employees’ contributions and the food platform’s commitment to sharing its success and growth with them.
Swiggy announces $65 million ESOP programme for employees ahead of IPO
As part of the scheme, Swiggy employees across all levels and functions will have the opportunity to receive up to $65 million in liquidity for their ESOPs. This marks Swiggy's fifth liquidity event since 2018 and the third consecutive event following those in July 2022 and 2023. This positions Swiggy as one of the few start-ups consistently providing wealth-creation opportunities for its employees.
Ola CEO Bhavish Aggarwal under fire for advocating 70-hour work week: Doctor warns of premature death
Ola CEO Bhavish Aggarwal has endorsed a 70-hour work week, supporting Infosys founder Narayana Murthy's advice. Despite criticism, Aggarwal dismissed the concept of work-life balance, arguing that enjoyment of work naturally fosters happiness. In response, Dr. Sudhir Kumar, a senior neurologist, highlighted significant health risks associated with long working hours, including stroke, heart disease, and premature death.
RBI job data matches with govt's: SBI Report
The latest SBI Research Ecowrap report highlights that the Reserve Bank of India's KLEMS data and the Annual Survey of Unincorporated Sector Enterprises (ASUSE) employment numbers from the government closely align. According to the report, the RBI's KLEMS data estimates India's total labour force at 597 million, whereas the ASUSE survey by MoSPI puts it at 568 million, indicating a negligible difference.
Air India-Vistara merger likely to impact around 600 non-flying staff
600 non-flying Air India and Vistara staff will be impacted by the Tata Group merger. Job placements within Air India and Tata companies are planned. Fair fitment considers experience and performance. Voluntary separation offered if needed. No cabin crew impact. Merger completes by late September or early October. Singapore Airlines holds 25.1% of Air India. NCLT and CCI approved.
How leaders can plan the right employee experience practices
Enhancing employee experience is crucial for organizational success. Industry experts emphasize the importance of addressing employee needs, fostering open communication, and prioritizing well-being. Strategies include attracting top talent, engaging employees, and investing in continuous development.
Confident of achieving 45-55% growth this financial year: Avinash Godkhindi, Zaggle Prepaid
So, it is great that more and more people are coming into the formal sector and organised employment. And as they come into organised employment, they get PF, ESIC, they pay your taxes and eventually they want to save on those taxes.
Unacademy fires 250 employees in fresh round of layoffs
Unacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are from the sales department, sources told ET.
Why breaks are important to work hard and achieve success, of both employees and organisations
Aditya Narayan Mishra, Managing Director and CEO of CIEL HR Services, emphasizes the importance of breaks and holidays for workplace respect and gratitude. Somdutta Singh, Founder and CEO of Assiduus Global Inc, highlights the role of breaks in preventing burnouts and promoting overall well-being.
I want to be one of the nicest guys they knew: Titan MD CK Venkataraman
Titan MD CK Venkataraman, who has been MD of Titan and Tanishq for four years, shares his experience in balancing the interests of various stakeholders, securing employee buy-in, and life after Titan. He explains that most decisions are about optimising stakeholder interest, but dealing with strong personalities with contrasting views is crucial.
Unpacking K Krithivasan's first year as TCS CEO
TCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, however, has brought growth and stability for the bellwether. Under his leadership, TCS reached $29.1 billion in annual revenues in the year ending this March, growing at 4.1%.
SAS India business to grow faster than other markets, top executive says
The company aims to upgrade its 400-odd customers to its generative AI platform SAS Viya over the next one year, Riad Gydien, executive VP and chief sales officer at SAS, told ET.
How to use performance improvement plan as a recovery period to bounce back higher
Nirupama VG, Founder, AdAstra Consultants, says performance improvement plans (PIPs) often carry a stigma, signalling underperformance or imminent termination. However, they can also be pivotal moments for employees to reset and excel.
Job demand in renewable energy sector surges 23.7 pc in FY24: Report
The renewable energy sector is seeing a rise in demand for roles like solar PV technicians, wind turbine installers, roofers, and storage operators, in addition to a decline in attrition rates to 33.5% in FY24.
Renewable industry workforce addition accelerates, attrition slows: Teamlease data
Strong growth in headcount underscores sector's expansion to meet global renewable energy targets and increasing demand for skilled workers
View: Raise a glass to the job creators
In a recent interview, Narendra Modi emphasized the importance of supporting businesses and avoiding demonization. The Prime Minister's stance received positive feedback, contrasting with past socialist inclinations.
JPMorgan says every new hire will get training for AI
Incoming asset-and wealth-management staff to get instruction; AI has saved the division time, helped grow revenue, says Erdoes
Better half: Are women faring better in urban job market?
Women’s labour force participation in urban areas rose to its highest level in Q4FY24 since the start of the series in 2018, whereas the unemployment rate declined further to 8.5%. But their share in salaried work has declined further. Ishaan Gera takes a look:
Nine in 10 Indian knowledge workers use AI in workplace: Report
A recent study by Microsoft and LinkedIn revealed that 92% of Indian knowledge workers utilize artificial intelligence in the workplace, with 91% of business leaders recognizing the need for AI adoption to remain competitive. The report highlights the impact of AI on work dynamics, career growth opportunities, and the rise of AI-savvy professionals shaping the future workforce.
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