BUSINESS
Exclusive: EPFO and informal sector workers’ UANs may become interoperable
One registration and one UAN should be good enough for all workers in the employment ecosystem. This will be helpful for universal social security framework, and seamless transition of registartion and KYC of workers from informal to formal sector.
BUSINESS
Four lakh jobs created in December quarter by nine key sectors: Govt
“The estimated total employment in the nine select sectors came in at 3.14 crore which is 4 lakh higher than the estimate for September 2021 quarter,” the labour and employment ministry said.
ECONOMY
All states, UTs except four are ready with draft rules to roll out labour codes
The labour codes are expected to introduce far-reaching changes with implications for employers and workers. They will offer greater flexibility in rolling out short-term work contracts, make hiring and firing flexible, and make industrial strikes harder.
BUSINESS
Job tenure: 18 months is the new long term at the workplace
Employees and talent managers argue that priorities have changed: quality of work and enjoying what you do have taken precedence over monetary gains.
BUSINESS
Veranda Learning acquires test-prep firm T.I.M.E for Rs 287 crore
The acquisition, for which Veranda has now signed a definitive agreement with T.I.M.E, will happen in two phases – 80% in the first phase, and the rest 20% after two years.
BUSINESS
Boomerang employees: Past employees are companies' new talent pipeline
Of late, there is no more stigma in bringing back past employees, and this is being driven by the theory that leaving does not mean betrayal, but only a part of the professional cycle. When you are taking back people, you are not driving matrix but a message to the indusrry and the binternal satff that you are employee friendly, say talent managers.
BUSINESS
Google India appoints Shraddhanjali Rao as HR Head
Before joining Google India, Rao was vice president of human resources for SAP in India.
BUSINESS
Exclusive | Indian job seekers window-dressing professional life; senior executives not far behind
Window dressing of resume and professional profile is real, but it needs to be seen with what happened in the past two years and the recent talent war in the white-collar space, say HR managers and recruiters. While a segment of juniors were earlier perceived to be indulging in window dressing, in the crucial parameter of discrepancies vs verified more seniors were found to be doing the same.
BUSINESS
MC Interview | $200 mn ARR is when we shall look to float an IPO, says Vedantu co-founder Vamsi Krishna
When we are targeting the number, we are contemplating whether it will lead to 25% margin or 30% margin. Anywhere above 25%, we shall be super happy, says Krishna
BUSINESS
IIM-A rolling out Bhagavad Gita course aimed at helping execs navigate dilemmas and trade-offs in business
As an ancient Indian scripture, Bhagavad Gita provides many ways to explore contemporary management concepts, conflicts, dilemmas, and trade-offs in business, according to IIM-A.
ECONOMY
India allows universities to offer joint, dual degrees with foreign varsities through automatic route
UGC chairman Mamidala Jagadesh Kumar has said all the arrangements will be done via conventional mode—these partnerships won't be allowed for online, open or distance-learning courses
BUSINESS
Great Resignation to intensify in FY23 as attrition of seniors likely to outpace juniors
A significant 61% of employees in India are willing to accept a lower salary or forgo pay rise and/or promotion for better work-life balance, overall well-being and happiness, says recruitment firm Michael Page
BUSINESS
Six HR trends catch up in 2022 as workplace dynamics change
This is going to be a year in which HR managers will be expected to push the boundaries to attract and retain talent, and, increasingly, add value to business growth
BUSINESS
India's job market is opening up; these sectors may witness strong hiring
Data collected from staffing firms and job boards, showed that things are looking positive across most of the sectors including IT, telecom, FMCG, BFSI, ecommerce, education, e-mobility and pharma. But everything is not out of the woods yet and recruiters believe that segments like advertising and non-essential retail will take some more months to recover fully.
BUSINESS
MC Interview | Apprenticeship-embedded degree enhances labour productivity, builds talent supply chain: Sumit Kumar of Teamlease
Data suggests that 98 percent of apprentices after completion of the training program get into formal employment, 37 percent get absorbed by the same employer, where they underwent apprenticeship training. They get a wage premium of around 45 percent in their compensation post getting absorbed into employment, says Sumit Kumar of Teamlease.
ECONOMY
Higher Education Reform: In a first, students can now pursue two degrees simultaneously
A candidate can also pursue two digital degrees simulteniously. The move also means, an eligible candidate can do a master's and a bachelor's degree together too.
BUSINESS
Lack of flexibility at workplace drives 72% women to reject job roles, finds LinkedIn study
Due to strong employer bias, working women are paying penalties to work flexibly - 88 percent working women had to take a pay cut to work flexibly and almost two in every five of them had their flexible working requests denied
BUSINESS
CXO compensation structure is changing – from pure salary to wealth creation opportunities: Ankit Agarwala of Michael Page
It’s a win-win for CXOs and firms; it comes with multiple benefits, including no attrition of top executives midway and bottomline being given priority in performance appraisals. The accelerators in CXO remuneration are enabling opportunities to earn 100% or more than the cash salary.
BUSINESS
Exclusive interview | Technology, understanding of government key shifts in management education: IIM-A director Errol D'Souza
Management grads must understand political economy, the culture of a place and how government and businesses interact and work together, D'Souza tells Moneycontrol
BUSINESS
Indigo co-founder Rakesh Gangwal donates Rs 100 crore to IIT Kanpur
Beyond the government funding, the IITs, especially the older ones, are increasingly looking at industry support, donations from past students and endowments to accelerate their growth and achieve desired expansion.
BUSINESS
Headcount grows in many sectors led by hospitality and energy, but e-commerce, healthcare shrink
While healthcare saw a contraction in headcount by minus 8.3 percent, the e-commerce sector saw a marginal dip of minus 1.5 percent in March 2022 vs March 2021.
BUSINESS
MC Interview: Aakash Education sees 20-30% revenue growth in FY22, online business transitions to Byju’s: Aakash Chaudhry
The entire digital offering including meritnation.com business, have been taken out from Aakash’s kitty and logged in to the Byju’s kitty. From three offerings earlier, AESL is now focusing on two, physical and hybrid
BUSINESS
From T-Rex to winged elephants, how industry veterans are deploying metaphors to offer work-life and leadership lessons
What are the three things that get people excited about workplace? Respect for self, space to perform and an equal opportunity to grow, says Vineet Nayar, former CEO of HCL Tech.
BUSINESS
Pandemic disrupts India Inc’s strategy for corporate learning and staff upskilling
The future of work is here -- digitisation, remote work, AI, cloud-based systems are no longer “good-to-have” mechanisms -- instead, they have assumed centre stage in a race to survive, says talent assessment and acquisition firm Mercer|Mettl.
