EMPLOYEES PROMOTIONS
Diversity initiatives are bringing more women to certain roles: Survey
Indian companies are prioritizing diversity, equity, inclusion, and belonging (DEIB) initiatives, with varying levels of women's representation across roles highlighted in a Manpower Group survey. Administrative and operational roles show higher female presence, while top-level management and STEM roles exhibit lower representation. Key findings emphasize the importance of trust, relationship building, and technology-driven solutions like AI for unbiased recruitment.
Chandigarh allows registered shops to open round-the-clock on all 365 days
In Chandigarh, shops can now operate 24/7, with special provisions for female employees' safety and well-being. The move simplifies labour laws, benefits traders, and ensures compliance with regulations. Female employees receive additional safety measures, including transportation and self-defence workshops, promoting a secure work environment.
Bandhan Employees' Welfare Trust to move court following allegation against Chandra Shekhar Ghosh
Bandhan Employees' Welfare Trust, managed independently by employees, faces baseless allegations. Trust members seek explanations on financial matters, with legal action initiated against disruptors. The Trust aims to resolve disputes through legal channels for a fair outcome.
Aligning business goals and decoding employee behaviour: A modern strategy for MSMEs
Alignment between business goals and employee behaviour is not a one-time effort but an ongoing process that requires continuous attention and adjustment.
Beyond the paycheck: What employees look for and how employers can fix hiring gaps
The changing work culture is causing a gap between employer and employee expectations in hiring and retention. Companies struggle with mismatched salary expectations, required skills, and cultural fit issues. Nonprofits and FMCG companies face the most challenges. Many employees in India and Asia Pacific prioritize flexibility and career progression. Ageism is evident, especially in sectors like Insurance.
Myth debunking 101: Career advancement is possible only through formal promotion
The traditional career advancement model is evolving, with professionals seeking alternative paths for growth beyond vertical promotions. Embracing flexibility and skill development, individuals can navigate lateral moves, upskilling, networking, and diverse experiences to achieve success in today's dynamic work environment. Experts advise on strategies to seize these opportunities effectively.
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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.
LGBTQIA+ employees have a new ally at workplace in senior leaders
At companies such as GE Aerospace, IBM, LTIMindtree, Deutsche Bank, Cisco, Cummins and Thoughtworks, board members, leaders, people managers as well as teammates are driving a culture of inclusiveness so that LGBTQIA+ workers don’t feel isolated.
How startups are changing their hiring strategies to streamline costs
Facing a prolonged funding drought, startups are trying a new approach to cost-cutting. Layoffs continue, but some companies, like Swiggy and Ola, are strategically refilling certain open positions with lower-salaried junior staff, according to industry insiders.
India’s five big IT firms see net exit of 25,000 women in FY24
The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in the total number of women employed by these firms from 374,000 in March 2020 to 540,000 in March 2023, the diversity ratio has only seen a marginal growth of 0.9 percentage points during this period.
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.
Wipro promotes veterans; Paytm & Nykaa Q4 financials
Happy Thursday! Wipro CEO Srinivas Pallia is betting on internal talent to propel growth. This and more in today’s ETtech Morning Dispatch.
Wipro CEO banks on internal talent, promotes veterans
Focusing on inside talent comes at a time when it has been dealing with exodus of senior leaders. This also comes after a period when Delaporte hired a lot of foreign citizens and expats at high salaries.
Eat, pray, work.. want a detox retreat? Step into your office
According to a report by fitness technology company GOQii last month, almost 45% of India's population hovers dangerously close to being classified as unhealthy, adversely affecting not only individual mental and physical well-being but also diminishing productivity.
IT companies are deploying new tricks to lure staff to office
IT firms are implementing measures to encourage office attendance post-pandemic, curtailing the flexibility granted during COVID-19. Employees face compliance pressure, risking consequences for non-adherence. Cognizant introduces a roster app, while TCS ties variable pay to office presence. Dell adopts a tracking system; Wipro emphasizes on-campus engagement, contrasting Infosys's hybrid approach.
Aerospace manufacturers seek business class upgrade on local plane orders
Indian aerospace manufacturers are relying on a surge in orders from domestic airlines to enhance their business prospects with international giants like Airbus and Boeing. Additionally, they are seeking government assistance through policy initiatives. The sector received a significant boost when Air India placed orders for planes, and Airbus expressed interest in expanding the global presence of suppliers to diversify its sales currency.
Boomerang employees: Why employers like returning talent
Professionals experiencing the "grass is greener" syndrome may find themselves considering returning to previous employers, termed "boomerang" candidates. Companies, recognizing the value in these individuals' fresh skills and perspectives, are strategically embracing this trend. Mid-career employees and even CXOs are increasingly participating, reflecting evolving workplace dynamics and the importance of alignment in values and leadership behaviors.
How family businesses need to combine intuition with data-driven processes for hiring professionals
Infusing external talent to bring fresh perspectives, specialised expertise and strategic insight is imperative to propel the business forward. However, the senior talent acquisition process is not without challenges.
SC holds bank employees' interest-free loans taxable as fringe benefits
The Supreme Court has ruled that interest-free or concessional loans given by banks to their employees will be considered "fringe benefits" or "amenities" and therefore taxable. The court argued that these benefits are unique to bank employees and are in the nature of a "perquisite," thus liable to taxation. The court upheld the income tax rule, but deemed the fixation of SBI's interest rate as the benchmark to be neither arbitrary nor unequal exercise of power.
Truecaller’s ad revenue grows 5% in Jan-March 2024 buoyed by IPL promotion
Truecaller's Q1 performance was boosted by IPL promotions, leading to a 5% increase in global ad revenue. The company saw growth in MAU and introduced new subscription plans for business customers, expecting positive revenue impact.
EPFO evaluates course of action on Karnataka HC judgement on foreign workers
"While holding the highest regard for the Court's decision, the EPFO (Employees' Provident Fund Organisation) is actively evaluating the course of action in response to this judgement," the EPFO said in response to the queries pertaining to the judgement.
ET Road Safety & Safer Mobility Forum: Experts spotlight strategies for elevating employee well-being and operational efficiency in transportation
Global road fatalities dropped by 5%, but India saw a 15% rise. The ET Road Safety & Safer Mobility Forum discussed safety culture and technology's role in employee transportation. Leaders emphasized driver safety, tech integration, and collaborative efforts for a safer future.
Section of AIESL's permanent engineers plans to go on strike on May 24
1,700 AIESL engineers threaten strike from May 24 for immediate implementation of revised salary payments, citing discrimination issues and unfair labor practices.
India Inc drives better food choices for employees
Indian corporate cafeterias prioritize employee well-being and productivity by promoting healthy food choices like millets, keto bowls, ragi balls, salads, seeds, and jaggery. Influenced by social media, companies like SAP and Tata Motors lead the trend.
Prices can't dampen EV sales as it steps on leasing pedal
Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry.
What works best for effective leadership transitions: External candidates or internal promotions?
Leadership transitions are pivotal moments in a company's growth journey, driven by both external circumstances and internal leadership decisions. Choosing between internal promotions and external hires is a strategic decision at these junctures. Internal promotions offer advantages such as familiarity with the business and culture, smoother transitions, and boosted morale. Progressive companies focus on creating internal talent pipelines to reduce hiring costs and maintain continuity.
How to decline a promotion without burning bridges
Declining a promotion can be a strategic decision based on personal commitments, lack of preparedness, or a preference for hands-on roles. Professionals risk missed opportunities and strained relationships but can respectfully decline by expressing gratitude, providing transparent reasons, and remaining dedicated to their current role. Communication is key to preserving positive rapport and future opportunities.
Does more work and bigger responsibilities lead to better compensation and promotions?
Research from Deloitte India and Randstad India indicates that employees taking on additional roles are receiving better increments, double promotions, and career advancement opportunities. This strategy benefits companies by retaining talent, cultivating skilled workers internally, and saving on external hiring costs. Such initiatives have reduced attrition and boosted employee engagement.
Now, TCS employees have to do this to get next promotion & variable pay
TCS has implemented a return-to-office mandate, linking hikes and promotions to compliance. Freshers who complete assigned courses will receive digital compensation and higher salaries. Employees are required to work from the office for all five days of the week. TCS has expanded its partnership with Aviva to manage 5.5 million policies.
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