HYBRID EMPLOYEES
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.
Infosys hunts for talent among women professionals out on a career break
The women should meet two criteria, they should have work experience of at least two years before taking the break and should have had a break of six months. Shaji Mathew, group head of HR at Infosys, said the company has crafted a strategic approach to support women in managing the diverse personal and professional challenges they encounter throughout their careers.
Employees prefer work from home as heatwave forces corporates to adopt hybrid work
The 2023 report released by the Intergovernmental Panel on Climate Change (IPCC) reveals that rising global temperatures have led to unprecedented climate change across all regions of the world, with consequences ranging from rising sea levels to more frequent and severe weather events, as well as the rapid disappearance of sea ice.
Flexibility, salary key jobseeker parameters for new roles in India: Report
Indian workers are demanding higher salaries to cope with rising living costs and to feel valued. Flexibility is another key concern, as per Michael Page India's Talent Trends 2024 report. Employers need to focus on broader aspects like workplace culture, diversity, equity, and inclusion to attract and retain talent. The report highlighted workplace discrimination in India and emphasised the need to address various generational priorities and challenges in different sectors.
US based Wells Fargo bank fires several employees for faking work using keyboard simulation
Wells Fargo & Co fires employees for faking work activities, discovered through Bloomberg report of keyboard simulation. It implements a hybrid flexible model with specific office attendance policies.
Companies become stricter on return-to-office mandates, but considerate on employee needs
As the market shifts from being an 'employees' to an 'employer's market', return to office calls have been getting louder, with some companies even penalising employees who don't toe the line. However, while expanded flexibility is discretionary, there are several such examples across organisations.
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It’ll take time to leverage full potential of GenAI: : TCS’ AI-Cloud biz head
Siva Ganesan, head, TCS’ AI.Cloud business unit told ET that upskilling of the workforce, reimagining core business processes, focusing on return on investments and conforming to regulatory needs are some of the challenges that organisations face with GenAI.
This MF category is safer than other equity-oriented peers, offers better return than FDs
Equity Savings Funds (ESF) offer safer investment opportunities with potential for higher returns than Fixed Deposits (FDs). They invest in multiple asset classes, including equity, debt, and arbitrage opportunities, providing tax efficiency. ESFs also exploit price differentials in various markets for consistent returns.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
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.
IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023
Global hiring decline in 2023 impacted major IT companies like Cognizant and Capgemini. Indian IT firms also faced headcount reductions. Everest Group attributed layoffs to Covid over-hiring, while Gen AI influenced hiring decisions.
Wipro bags multi million dollar deal to transform Nokia's digital workplace services
Designit, a Wipro company that specialises in user experience strategy and implementation, will conduct user research to ensure personalised assistance is offered to employees at the right time.
Stepping up to beat the heat: India Inc lines up cool work plans for staff this summer
Several companies in India are implementing flexible work practices for white-collar workers, particularly those in sales and field-related roles, to protect them from the extreme summer heat and maintain efficiency. With the Indian Meteorological Department warning of a potentially record-breaking hot year in 2024, companies like Panasonic, MG Motors, KPMG, Deloitte, Mudrex, and PeepalCo are adopting measures such as flexible work hours, online meetings, hydration stations, and awareness campaigns on heat exhaustion.
Tesla to lay off over 6,000 employees in Texas, California, notices show
Tesla plans 6,020 job cuts in Texas & California, 12% at Austin gigafactory. Musk to address falling demand & $25,000 car cancellation due to high interest rates. Buffalo, NY sees 285 job cuts.
Why leaders need to invest for development of employees’ soft skills
Soft skills are vital for workplace success. Leaders must prioritize upskilling teams. A report by Wiley explores professional development impact, team dynamics, and engaging assessment for improved interpersonal skills.
How companies are addressing employee burnouts in tech segment
The IT sector poses health challenges due to long work hours, affecting professionals' well-being. Solutions include promoting work-life balance, providing mental health support, and organizing physical fitness activities to ensure employee health and productivity.
Infosys calls employees to work from office for In-Person Collab Weeks
Infosys enforces In-Person Collab Weeks for ENG-IoT employees, urging them to work from office for a minimum of 10 days per month. The company aims to enhance collaboration and ideation through Gen AI programs and strategic partnerships.
More bosses want employees back in the office. Like, now
Dell's remote work promotion halt reflects WFH-WFO shift. Companies push in-office work due to constraints. Market rebound may prompt job changes. Remote work value highlighted.
New-age fraud schemes in today’s hybrid work environment
Hybrid work, a COVID-19 legacy, drives fraud risks. Cybercrime, moonlighting, and expense fraud surge. Robust checks and continuous monitoring crucial. Organizations must invest in tools to combat fraud and maintain compliance.
TCS signs multi-million cloud transformation deal with Denmark’s Nuuday
TCS, the IT services arm of the Tata group, will host and manage all IT domain services of Nuuday during the transformation. This cloud transformation will enable faster and easier adoption of next-gen technologies.
Flexible workspace operators raise Rs 4,600 crore after Covid
Flexible workspace operators in India have raised Rs 4,600 crore post-Covid, compared to Rs 1,400 crore in the five years before the pandemic, as companies adopt hybrid work models. The market size for flexible office real estate is expected to grow to between 100 million sq ft and 140 million sq ft by 2030, from the current 55 million sq ft.
Flexible schedules and hybrid work helps increasing women's participation in the workforce: Survey
The survey discovered that there has been a surge in women's participation in the workforce after the COVID-19 pandemic. While 57% of the respondents confirmed a rise in women participation, 38% of respondents say the percentage of women has remained the same.
Apple's termination of decade-long electric car project sparks hilarious social media reactions; Elon Musk 'celebrates'
Apple's surprising termination of its ambitious electric car project, Project Titan, after a decade of investment has shocked nearly 2,000 project employees. Initially aimed at rivalling Tesla with a fully autonomous electric vehicle, the project faced leadership transitions and strategic challenges. Social media platforms erupted with humour and speculation following the news, with users sharing witty remarks and memes.
HCLTech asks employees to report to office thrice a week
Employees who do not follow the directive will face disciplinary action, the company said in an email to employees.
Time off, club weekends & more: Companies encourage holiday breaks during last week of 2023
As 2024 has a number of holidays close to the weekend, many companies are also clubbing these to give extra time off to their employees. For now, most companies have given off to their staffers in the last week of 2023.
As employees return to office, Corporate India wants them to bond
NatWest Group, Tech Mahindra, EY, and Capgemini are among the companies that have launched a host of initiatives, including frequent team catch-ups, in-person group sessions, 'fun at work' and sports events, and assigning 'buddies' to the new employees - all aimed at promoting cohesiveness at work and improving productivity. NatWest Group has so far organised more than 40 in-person group sessions for employees who joined during the pandemic.
Coffee badging, office peacocking — the new tools being used in return-to-office mandates
Coffee badging refers to the act of making a brief appearance at the office for a few hours before promptly heading out. Those working in a hybrid or flexible model are employing this strategy. They come into the office to satisfy the mandate of being on premises for a while — enough to grab a coffee — but leave as soon as this is fulfilled.
Improving employee experience helps boost profitability, says global survey
Improving employee experience (EX) is a key goal for C-Suite executives, according to a report by NTT. The report highlights that enhancing EX can lead to improved employee satisfaction, productivity, retention, and automation. However, only 42% of organizations align their technology strategy with their EX strategy.
TCS asks employees to return to office five days a week; may end work-from-home from October
Several IT majors have been advocating for employees to return to office more often while retaining the hybrid work flexibility. They cite productivity concerns as the reason to reduce remote work.
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