RETENTION POLICIES
Digi Yatra policy should spell out all rules on passenger info deletion, suggests study
A study by NITI Aayog recommends that the Digi Yatra policy clearly outline rules for deleting passenger information post-travel, amid privacy concerns over user data. The policy states that facial biometrics are deleted 24 hours after the passenger's flight, but deletion rules for other data must be specified. Frequent cybersecurity audits, algorithmic audits, and ongoing monitoring are also advised to ensure data security and system reliability.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
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.
Red flag: Why are so few women checking into India Inc’s C-suite?
Only 4% of exec directors at Nifty 50 are women, and across NSE-listed cos that figure drops to 3%; enabling policies needed to empower them. There is a persistent and high level of unconscious bias as well. Allyship is key. “Boys’ clubs still operate that many times do not give women the right kind of projects (that can advance them in their career) thus demotivating many women who see their juniors becoming senior and moving ahead,” said Girotra.
Auto staff may see another year of double-digit hikes
India's automotive sector employers are likely to offer higher than average pay rises in 2024 to retain talent. The average pay rise is expected to be 10.5% for automotive producers and 10% for suppliers, according to Deloitte's study. This trend is driven by high attrition, focus on electric vehicles, and robust auto industry performance.
Govt announces annual licensing policy for opium poppy cultivation for 2023-24
Under the new policy, nearly 1.12 lakh farmers in the states of Madhya Pradesh, Rajasthan and Uttar Pradesh are anticipated to be given licenses, which is almost 2.5 times the average number of farmers given licenses during the five-year period ending 2014-15.
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Citi India offers extended WFH for expecting, new mothers
Citibank India has introduced a work-from-home policy for its female employees, allowing them to work remotely for up to 12 months after their 26-week maternity leave. In addition, expectant mothers can request three months of remote work in the final trimester of pregnancy. This move is one of the first of its kind in the industry and provides a total of 21 months of work-from-home options for new mothers.
The Backbone of Talent: Decoding the Crucial Role of Human Resources in Companies
The central department in charge of organizing and supervising all matters pertaining to personnel and employee activities inside a firm is known as human resources (HR). This all-encompassing term emphasizes the department's crucial function in managing human capital by referring to the entire workforce of a firm.
Empowering Performance: The Key Objectives of Human Resource Management
The goal of human resource management (HRM), a corporate function, is to maximize employee performance in order to achieve the strategic goals of the firm. With a focus on operational processes and policies, HRM primarily centers on managing humans within the organizational framework.
RBI policy outcome: The good, bad and ugly for D-Street investors
The banking regulator kept the repo rate unchanged for the third time at 6.5% while retaining the FY24 GDP forecasts of 6.5%. RBI Governor Shaktikanta Das revised the FY24 inflation upwards to 5.4% from an earlier 5.1%.
RBI repo rate kept unchanged at 6.5% for third time in a row
RBI repo rate: The Reserve Bank of India (RBI) announced that it would keep the repo rate unchanged at 6.5 per cent for the third time in a row. The decision was reached by the Monetary Policy Committee (MPC) and reflects the need to keep headline inflation within the target of 4 per cent. However, the outlook for fiscal year 2023-2024 in terms of GDP growth remains at 6.5 per cent.
Workforce formalisation: GAPS framework shows the way to successfully formalise the workforce
The Covid-19 pandemic has highlighted the plight of India's informal sector and has underscored the urgent need for workforce formalisation. Over 80% of the Indian workforce operates under informal employment conditions, which is a barrier to India's economic potential. By pushing the workforce into the formal sector, companies can boost productivity, offer social security and bring down income disparity.
PRIVACY POLICY
Last updated Jan 10, 2023
'Strong demand may stoke inflation if supply conditions not flexible'
Inflation expectations may have moderated, but firm demand in the economy could fuel cost and price increases unless supply conditions are flexible enough, Shashanka Bhide, an external member of India's Monetary Policy Committee (MPC), tells Bhaskar Dutta.
In 2021-22, school dropout rate at secondary level was higher than national avg in 7 states
This information was collated from the minutes of the Project Approval Board (PAB) meetings held under the Ministry of Education to discuss the implementation of the "Samagra Shiksha" programme for 2023-24.
No fireworks in RBI policy see auto, realty, FMCG stocks cooling off; banks trade steady
After the Reserve Bank of India decided to maintain its policy rates, banking stocks remained stable while stocks in rate-sensitive sectors such as automobiles and real estate faced profit booking. The reaction of the stock market was expected, with investors predicting no major surprises in the policy statement. Although the RBI Governor highlighted macroeconomic improvements, concerns about monsoon season and the potential impact of El-Nino conditions still linger. The central bank maintained a GDP growth forecast for FY24 of 6.5%.
Psychological safety to be crucial for India Inc in 2023 and beyond: Survey
Job site Indeed's report on 'Diversity, Inclusion and Belonging (DI&B) at Indian Workplaces' examines the need for psychological safety in Indian organisations. Psychological safety refers to employees believing that they can take risks without being shamed by other members.
Here’s where the jobs are: Why Budget 2023 should focus on logistics sector
While the government wants to create more employment avenues, the logistics sector faces a serious dearth of skilled workforce. Can the Budget address the dichotomy?
New switch on and off motor insurance add-on offers cashback: Will you get in case of claim?
If the app remains inactive or is switched off for a continuous period of 24 hours, the customer will earn one day as a reward. However, in the event of a claim, reward days and cashback will not be applicable
Europe stares at recession as its Russia policy does not yield result
Russia supplied Europe with 40% of its natural gas last year. Germany was the continent's largest importer in 2020 and according to analysts sanctions on Russia is eventually hurting Europe. Industry leaders have warned that a shortfall in gas, which may yet lead to rationing, could trigger a recession.
Need to pivot from job avenue to youthful, talent-retention model
The drivers of Aatmanirbharta in defence initiative go beyond self-reliance. It is an ambitious venture to usher in a new culture of innovation, energy and enterprise, an invite to talents from the world of science and technology, business and enterprise in India to come together, to create defence capacities and supply chain resiliencies.
RBI governor’s assurance on govt borrowing cools yield
The benchmark bond yield closed at 7.49 per cent Wednesday versus 7.52 per cent a day earlier as a section of traders were quick to book profits. Yields had declined a maximum of 8 basis points through the day.
Employee-focused policies take centrestage at startups
From nap times to birthday leaves and vacation reimbursements, chatbots that connect with employees to gauge how they are feeling to employee-driven benefits programmes, startups are going the extra mile to change how staid old corporate culture works.
Are companies doing enough for working mothers? Industry insiders say yes, but there is room to do more
In the wake of the pandemic, mothers have been among the most affected groups in the workforce.
Logistics startup Delhivery partners with Reliance-owned Ajio to improve customer experience
Delhivery has partnered with Ajio to launch a technology-based Quality Check Return Product (QC-RVP).
RBI keeps rates unchanged; FY23 GDP growth seen at 7.8%. Here are the top takeaways
The MPC has, unanimously, opted to maintain the repo rate at 4.00%. With a 5:1 majority, the committee also opted to maintain an accommodative stance in order to support economic growth and recovery, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.
Promotion cycles, special salary hikes: India Inc does its best to retain top performers
Recent research by Microsoft showed that almost 62% of India’s workforce have intentions of switching jobs this year, compared to an average of 41% globally. Attrition is at its highest level in a decade at 20% this year on an average for all sectors in India, according to the Aon India Salary Increase Survey.
A surprise bond rally sweeps over India as global funds pile in
Yields dropped across the curve last week, with those on the benchmark 10-year bond declining ten basis points, the biggest weekly drop since April. Government debt auctions are finding buyers again, after a spate of earlier sales were canceled or rescued by underwriters.
Post-retirement retention of officers demoralises cadre: IRS officers association to PM Modi
"Moreover serving officers are experiencing humongous strain in seamless flow of tax policy models initiated by such retired officers no longer in the civil list," the association said.
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