EQUAL PAY
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.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
Fancy a career in gaming? Check out the in-demand roles, skills and more
Video games have evolved from mere leisure activities to lucrative career options, driven by technological advancements and increased accessibility. The industry demands skilled professionals like developers, designers, and testers. Various courses and certifications cater to these roles, enhancing employability. Essential skills include proficiency in game engines, programming languages, and soft skills like creativity and communication.
Eyeing a healthcare career? Here are the trending roles, skills and pay brackets you should know
The Indian healthcare sector is booming, becoming an economic backbone with opportunities in healthtech and insurtech. High-end technology has opened doors for new careers, emphasizing the importance of specific skills for success in the evolving industry.
Ignored Bengaluru woman leaves job, rejoins same startup after getting Ivy League degree at double pay
A woman's bold career move in Bengaluru has gone viral. Feeling undervalued at her startup job, she pursued an Ivy League education, enhancing her career prospects. Returning to her previous company, she secured a position with a salary more than double her previous earnings. Her story, shared by Adithya Venkatesan, has inspired many online, emphasizing the value of education and strategic career choices.
Apple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isn’t expected to generate meaningful revenue for either party — at least at the outset.
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IRDAI asks life insurers to offer surrender value in first year
The regulator issued a master circular, which mandates insurers to pay special surrender value (SSVs) after the first policy year, provided one full year's premium has been received.
Paying rent in cash without a rent receipt? Know why your HRA claim may be rejected, and you may get an income tax notice
House rent allowance: Tenants will get into trouble with the income tax department if they are paying rent in cash and the landlord does not offer it for income tax. For every claim of HRA there should be a corresponding income offerred for tax. Read here to know how a tenant got into trouble because of this.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
Tamil Nadu CM MK Stalin, Congress President Kharge pay tribute to former CM M Karunanidhi on birth anniversary
Tamil Nadu Chief Minister MK Stalin, along with DMK Minister Udhayanidhi Stalin and DMK MP Kanimozhi, paid homage to former CM M Karunanidhi on his birth anniversary at Kalaignar Karunanidhi Memorial. Congress President Mallikarjun Kharge also honoured Karunanidhi's legacy. He praised his lifelong dedication to social justice and public welfare. Karunanidhi, a prominent figure in Tamil Nadu politics, passed away in 2018.
Indians pay more in down payments and home loan EMIs than Singaporeans! Entrepreneur explains the math
Entrepreneur Akshat Shrivastava compares buying a house in Singapore and India. In Singapore, a 1 million SGD house requires 27% upfront payment with a 4% home loan interest rate. In India, a 2.56 crore house demands 30% upfront payment and 8-9% home loan EMI.
Congress pays tribute to former PM Jawaharlal Nehru on his 60th death anniversary
Congress leaders paid tributes to former PM Jawaharlal Nehru on his 60th death anniversary at his memorial in New Delhi. Kharge, Sonia Gandhi, and others honored the architect of modern India at Shanti Van.
Congress pays tributes to Nehru on death anniversary, calls him the architect of modern India
The Congress paid tribute to India's first prime minister Jawaharlal Nehru on his death anniversary. The Grand Old Party highlighted his role as the architect of modern India and a dedicated guardian of democracy. Party leaders Mallikarjun Kharge, Sonia Gandhi, and Rahul Gandhi honored Nehru's contributions to the country's progress, unity, and values.
India Inc embraces gender-neutral parental leave policies for inclusive work environment
India Inc revamps parental leave policies to support changing family structures and foster inclusion. Companies like Colgate-Palmolive and Hindustan Unilever introduce gender-neutral initiatives. Volvo Group and Standard Chartered enhance parental leave programs. Expert Mansee Singhal emphasizes economic benefits for organizations.
Rs 1.4 lakh-crore: The cost parties are paying to woo voters in the world's biggest election
In West Bengal though, it seems candidates across the board aren't ready to give up on the traditional campaign methods just yet with parties displaying an overt preference for a mix and match of tried-and-tested mass outreach methods with those of the digital age.
CSR activity transcends compliance boundaries, companies embrace impact investing: Deloitte
Indian companies are expanding their corporate social responsibility (CSR) initiatives beyond compliance, with a focus on strategic impact investing such as social bonds and pay-for-success models, according to a Deloitte India survey. While interest in innovative models is high, navigating complexities remains a challenge. CSR is increasingly seen as a key driver of corporate strategy, with firms re-evaluating their strategies in response to changing regulations and ESG norms.
Switching to green careers: A quick guide to skills and strategies for a smooth transition
Rising demand for sustainability roles prompts a shift towards green careers. Industry experts emphasize understanding required skills and pay structures. Key roles include wind turbine technicians, ESG analysts, and energy specialists. Acquiring skills like carbon accounting and climate action planning is crucial for success.
DA hiked to 50%: 6 other allowances revised for central govt employees, as per 7th Pay Commission
DA hiked by 4%: The 7th Pay Commission reviewed all benefits offered to Central Government employees, including those for railway employees, civilian defence workers, and defence troops, in response to its evaluation and recommendations from 2016. The key guidelines for these six allowances for employees of the central government have been issued.
Bonanza for Mumbai players: MCA to top BCCI's domestic per match fee by equal amount
The proposal to match the BCCI's domestic fee was put forth by MCA president Kale, which was unanimously accepted by state unit's apex council. "MCA will be paying additional match fees per Ranji Trophy game to each player from next season onwards. We felt that the players should earn more, especially those who play Ranji Trophy cricket," Kale said.
Fostering mentorship: A pillar for women's empowerment in the Indian workplace
Mentorship offers more than just professional guidance and a nurturing environment empowers women to develop essential skills and knowledge.
International Women's Day 2024: Here are easy essay and speech ideas for students
International Women's Day 2024: Explore the significance of International Women's Day 2024 through essay and speech ideas for students. Topics range from women in leadership to breaking stereotypes and advocating for women's health. Delve into the intersectionality of gender and other identities, highlighting the need for solidarity and empowerment. Together, let's inspire the next generation to champion gender equality and create a more inclusive world."
Kerala will conduct gender audit and ensure equal pay for women, says CM Pinarayi Vijayan
Kerala Chief Minister Pinarayi Vijayan announced plans for a gender audit in workplaces to ensure equal pay for women, emphasizing the need for jobs to be more favorable for women. He highlighted Kerala's achievements in women-friendly policies, including introducing menstrual leave for students and implementing gender budgeting in local government bodies.
Juspay, others secure payment aggregator nod; Paytm shares rebound
Zoho is the first enterprise Saas player to get the payment aggregator nod from the RBI, joining the likes of Razorpay, Cashfree, Zomato and others.
Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules
The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and directors of the company. They were accused of breaching their duties to the maker of electric vehicles and solar panels, resulting in a waste of corporate assets and unjust enrichment for Musk.
Those who glorify Godse will not be allowed to define idea of India: Congress on Martyrs' Day
On Mahatma Gandhi's death anniversary, the Congress on Tuesday asserted that the true tribute to the father of the nation would be to not let the "flame of truth and harmony" be extinguished in the "storm of hatred". The party also said that those who glorify Mahatma Gandhi's assassin Nathuram Godse should not and will not be allowed to define the idea of India.
Activision to pay $50 million to settle workplace discrimination lawsuit
Activision Blizzard will pay $50 million to settle a 2021 lawsuit by California's Civil Rights Department (CRD) alleging discrimination against women employees, including denying promotion opportunities and underpaying them. The CRD will withdraw the allegations of systemic sexual harassment. The remaining allegations resolved include discrimination against women, including denying promotion opportunities and paying them less than men for similar work.
Tech sector, be more gender-savvy
A new Aon PLC report shows that the unadjusted gender pay gap in the tech sector in 2023 is 28-30%, while in junior management, it is 18-20%. Another study by Xpheno for ET shows that the percentage of female engineers in the higher salary bracket is significantly lower than that of male engineers in the same experience level and identical job roles. So much for tech being savvy.
Women in Iceland including the prime minister go on strike for equal pay and an end to violence
Iceland's Prime Minister, Katrin Jakobsdottir, joined women across the country in a strike to demand an end to unequal pay and gender-based violence. The strike, called the "women's day off," called on women and nonbinary individuals to refuse both paid and unpaid work for the day. The walkout is the largest since Iceland's first such event in 1975, which led to the country passing a law guaranteeing equal rights. Despite Iceland being ranked as the world's most gender-equal country, there is still a gender pay gap.
The extraordinary reasons why parts of Britain are going bust
The financial woes sweeping Britain's local authorities is being fueled by a range of factors, including a legal battle over equal pay, surging demand for social care, inflationary pressures, and reductions in revenue from business taxes. Birmingham City Council, Europe's largest local authority, is facing a bill of up to £760 million ($948 million) after a Supreme Court ruling in 2012.
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