Author: HRK News Bureau

Elon Musk-founded electric automobile company, Tesla, is undergoing a major upheaval. Controversy seems to have got stuck with the Company. In June, Tesla had announced a layoff for nine per cent of its workforce following which the Company also shared that there have been sabotage attempts by a few employees. Now, two of its top executives have decided to move on. Dave Morton, the Company’s chief accounting officer resigned in less than thirty days of taking on the role, and at the same time, the company’s HR head, Gabrielle Toledano, also announced that she will not be returning from leave.…

With almost five million youth expected to join the workforce annually, it is high time India works on its ability to adapt to change. New jobs are evolving at an extraordinary pace in the country’s swiftly-growing economy. LinkedIn, the online professional network, which has over 50 million members in India, today released the Top 10 Emerging Jobs in India report. It identifies the fastest growing and promising jobs that have seen the maximum growth in frequency from 2013 to 2017. This is the first India edition of the report, which also details the skills required for each role, where the…

Jet Airways, the Mumbai-based Indian international airline, has been riddled with problems for some time now. In fact, the challenges being faced by the carrier—in which Etihad, the UAE national carrier has 24 per cent stake— are reflective of the struggling Indian airlines industry. The financial crisis looming over Jet Airways is because of rising fuel costs and the rapidly falling rupee value. In addition, many local airlines have been offering stiff competition. All these factors put together have caused huge losses to the airlines—to the tune of Rs 1,036 crore in the first quarter and Rs 1300 crore in…

In the last one year, the mergers and acquisition in the telecom sector and closure of several services, have cost thousands of jobs. First, it was Aircel, Tata Telecom and Reliance Communication followed by the Airtel and Uninor merger, and then the Vodafone-Idea merger – all resulting in massive layoffs in this sector. In the Vodafone-Idea merger, the process for the same started in March, 2017, and the total count in terms of job loss is expected to cross thousands. In March 2017, the combined employee strength of Vodafone and Idea was close to 25,000—with Idea Cellular possessing 11,784 permanent…

Flexi staffing offers quite a few benefits to organisations. First, there is an obvious cost saving and statutory compliance. Besides, flexi staffing also turns out to be a quick fix for short-term talent requirements. Flexibility to try out potential hires and backup for permanent employees on a break or sabbatical are some added benefits. On top of it, there is also the ease of hiring. This is probably why the trend of flexi staffing seems to be catching up fast. Companies are slowly realising the advantages and even conventional sectors, such as manufacturing, are fast migrating to this new model.…

A petition by an ex-employee of Larsen & Toubro (L&T), one of the largest Indian multinational firms, to the National Company Law Tribunal (NCLT) accuses the Company’s senior managers of fraud. The petitioner, Uday Dixit, is also a shareholder of L&T, who was terminated last month, following which he approached NCLT alleging that the employee welfare fund as well as the Company’s assets were being mishandled by AM Naik, its non-executive chairman. According to the petition, the Company had deducted an amount from the salaries of its employees (including him) in the time period between 2003 and 2008, without consulting…

The National Skill Development Corporation (NSDC), under the aegis of the Ministry of Skill Development and Entrepreneurship (MSDE), signed a Letter of Understanding (LoU) with the United Nations Development Programme (UNDP) and Society for Development Alternatives (DA), to co-create and implement apprenticeship and livelihood, employability skills, life skills and entrepreneurship development programmes for girls and women in India. The project will be implemented in the National Capital Region of Delhi, Haryana, Maharashtra, Karnataka and Telangana and is expected to benefit over 50,000 women. NSDC is focussed on providing skill development opportunities to all, including women. Our collaboration with UNDP and…

Microsoft, has chosen seven Indian companies to be a part of its training programme on sustainability solutions for the environment based on new-age technologies, such as artificial intelligence (AI) and cloud computing. The organisations selected for the ‘AI for Earth’ programme include the Indian Institute of Science and the Symbiosis Institute of Technology. India has the third largest number of grantees in this programme, after the US and Canada. The selected organisations will receive resources associated with Microsoft Azure Cloud and AI computing along with technology training on these tools and additional support. The initiative aims to empower environmental researchers…

Securities and Exchange Board of India (SEBI) is all set to recruit 120 officers to facilitate rapid and effective execution of regulatory work. Its present 800-strong workforce includes staff on deputation as well as on contract. A public notice issued by SEBI invites applications from Indian citizens for the post of Grade A officers (assistant managers) in various streams—84 (general), 18 (legal), eight (information technology), five (civil engineering) and five (electrical engineering). The recruitment will be made on the basis of a written exam followed by an interview. The interested candidates should not be more than 30 years old as…

Even while the Government under Narendra Modi is considering making the UPA’s guidelines more severe, the Assam Government has already created a draft policy proposing that all government employees should eschew any sort of political discussion on social media in their official capacity. The policy also suggests that they avoid speaking in favour of or against any individual or agency on social media. Feedback has been invited on the draft, which is uploaded on the government website, by September 15. The draft policy is based on the ‘Framework and Guidelines for Use of Social Media for Government Organisations’, which was…

The public sector Banks (PSU Banks) have been offering employee stock options (ESOPs) to employees. The Finance Ministry had decided some 18 months back to offers shares of the public sector banks to employees at a discounted rated. The idea was to introduce performance-linked incentives in the form of stock options. The Ministry was hoping that this move will bridge the pay gap between private- and public-sector banks and to help retain talent. However, the fragile financial profile of these banks and the dim chances of profit, employees are not very keen to subscribe to these stocks, unless they are…

Many professionals and office goers utilise the time spent travelling to and from work productively, by checking their official mails. A research conducted by the University of West England studied five thousand people commuting by train only to discover that more than half of them read, wrote and replied to e-mails throughout their journey. With internet access available on trains, employees in Britain ended up working beyond their offices. As per the research, if commuting time were to be considered as working time, the effects —both social and economic—would be many. From the perspective of the railways, it will release…

In a report to the ruling committee, the Kerala State Road Transport Corporation (KSRTC) management claims that there aren’t sufficient finances to sustain the temporary staff, while there are 265 permanent staff, who are not actually required. The labour unions are set to go on a protest seeking sustenance of the temporary staff. The protest was planned in response to a reshuffling of the permanent blacksmith staff from the bus-body building units. It was discovered that among the permanent blacksmith staff, 265 were drawing salary without performing any work. There are 448 permanent blacksmiths in the four regional bus-body building…

Promotions and pension beenfits of 55 employees of the Southern Railway have been put on hold following complaints regarding fake Schedule Tribe (ST) certificates. While the concerned employees allege foul play, senior officials claim that the family background of some of these employees shows that they do not belong to any scheduled tribe. Apparently, there is a blackmail racket at play. Since the benefits run into lakhs of rupees accumulated for over 20 to 30 years of service, some employees pay a specific fraction of their pension benefits just to ensure that their certificates escape examination. Officials of the Southern…

With the Centre refusing to budge on its decision regarding updation of pension, the staff and officers of the Reserve Bank of India (RBI) have decided to take two days’ leave, enmass, on September 4 and 5. The United Front of Reserve Bank Officers and Employees (UFRBOE) said that they have tried peaceful means and persuasion but the authorities have not yielded. According to UFRBOE leaders, while successive RBI governors as well as its Central Board have time and again taken up the matter with the Centre, nothing concrete has resulted. There is now a pension corpus fund—Rs 16,000 crore—…

The Company plans to increase its order volume and scale up logistics to meet growing demand.

PPOs have already been made by big fish, such as Walmart, Goldman Sachs, Qualcomm, DE Shaw, Fidelity, Citi Corp, Bajaj, Morgan Stanley, JP Morgan and Wipro. 

In addition, there are 50,000 graduate applicants, 28000 of the applicants are postgraduates.

The employees have formed a new group that supports ideological diversity.

This product development competition for students results in innovative hardware and software products that have the potential to transform the tech world. 

Currently, the Company has 7000 employees, of which 11 per cent are women.

The employee was allegedly dissatisfied with his salary.

As per a new ILO report, while employment has grown in the organised sector, there is too much of informality and no social security is offered in most of the jobs.

Here’s how the motorcycle brand achieved unified HRMS visibility and efficiency with mobile first, AI-enabled digital HR tech through PeopleStrong Alt

Employees in the Company’s mortgage operations have been given 60 days’ notice

He will shift base to the UAE, where he will join Abu Dhabi-based VPS Healthcare, as group CHRO.