News: HR News, Trends & Workplace Insights

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Updated on: Feb 2021

Jobs

Governments Efforts to Generate Youth Employment

Feb 4, 2021

ESIC further librated claim process under Atal Beemit Vyakti Kalyan Yojana

ESI Corporation, claim process under Atal Beemit Vyakti Kalyan Yojana further liberated Atal Beemit ...

Labour Law

Feb 4, 2021

Latest news: ESIC further librated claim process under Atal Beemit Vyakti Kalyan Yojana - SightsIn Plus

Titan appoints Swadesh Behera as CHRO

Titan appoints Swadesh Behera as Chief Human Resources Officer Titan has announced the appointment o...

CHRO Move

Feb 4, 2021

Latest news: Titan appoints Swadesh Behera as CHRO - SightsIn Plus

Industry Reactions on Union Budget -

Industry Reactions on Union Budget - Union Budget India In the midst of an economic slow...

Jobs

Feb 3, 2021

Latest news: Industry Reactions on Union Budget - - SightsIn Plus

C-Suite Move

Jeff Bezos to step down as Amazon Chief Executive Officer

Jeff Bezos to step down as Amazon CEO; Andy Jassy named the new CEO Jeff Bezos will step down as Amazon CEO and become the company’s executive chairman later this year. The transition, slated for the third quarter, will make Amazon Web Services’ (AWS) founder Andy Jassy Amazon’s next chief executive officer. This, even as the e-commerce company reported its third consecutive […]

Feb 3, 2021

Jobs

65% working women feel Covid impacted their careers negatively: Survey

65% working women feel Covid impacted their careers negatively: Survey The impact of the pandemic has been disastrous for many, including women, as 65 per cent of working women feel that Covid-19 has impacted their careers negatively, a survey said on Tuesday. In the survey, 4 in 10 women reported job losses in 2020. In April and May alone, […]

Feb 3, 2021

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C-Suite Move

Mahindra & Mahindra Finance appoints Anish Shah as Chairman

Mahindra & Mahindra Finance appoints Anish Shah as Chairman Mahindra & Mahindra Financial Services (Mahindra Finance) has announced the appointment of Anish Shah as the chairman of the board, effective April 2, 2021. Shah is already a director of the company. He is the deputy managing director and group CFO of Mahindra and Mahindra […]

Feb 2, 2021

Jobs

Tech Mahindra to cut BPO staff by 5,000 in FY21

Tech Mahindra to cut BPO staff by 5,000 in FY21 due to automation Despite rising revenues, IT major Tech Mahindra is set to reduce its business process services (BPS) headcount by 5,000 to 38,000 in FY 2020-21, as a larger part of the tasks get completed through automation and artificial intelligence. Company executives said there is a […]

Feb 2, 2021

Jobs

Siemens Energy to shed 7,800 jobs worldwide

Siemens Energy to shed 7,800 jobs worldwide Energy technology company Siemens Energy said Tuesday that it plans to shed 7,800 jobs worldwide by 2025 as part of a drive to cut costs. The company, which was spun off last year by German industrial conglomerate Siemens AG, currently has more than 90,000 employees around the world. It […]

Feb 2, 2021

Merger & Acquisition

Cognizant Completes Acquisition of Magenic Technologies

Cognizant Completes Acquisition of Magenic Technologies, Broadening Its Global Software Product Engineering Network Cognizant has completed the previously announced acquisition of Magenic Technologies, a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition expands Cognizant’s software product engineering footprint, adding 475 employees in the U.S. across seven locations, and more than 350 […]

Feb 2, 2021

Jobs

Infra and healthcare will boost growth, generate jobs: US chamber of commerce

Infra and healthcare will boost growth, generate jobs: US chamber of commerce A Boston-based India-centric chamber of commerce on Monday said the increase in healthcare outlay in the latest annual budget will lead India towards a healthier country and the thrust on infrastructure will boost growth and generate jobs. “Overall, these announcements are rightly directed […]

Feb 2, 2021

EPFO

EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed

EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed Interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from April 1, 2021, a move aimed at taxing high-value depositors in the EPF. Finance Minister Nirmala Sitharaman said the Employee Provident Fund (EPF) is aimed […]

Feb 2, 2021

Compensation & Benefits

Top 5 HR Priorities of HR Budget -2021

Top 5 HR Priorities of HR Budget -2021 I remember reading an article sometime back where The Economist had conducted a study post the Global Recession and analyzed how it impacted major roles in the organizations. The biggest loser as per the study was CHRO as HR experienced the greatest budget restrictions. With the world […]

Feb 2, 2021

Compensation & Benefits

Human Resources Budget-2021, Challenges Post COVID-19

Human Resources Budget- 2021, Challenges Post COVID-19 We all come across phrases like “This is the new normal”. I do not believe in the statement as there is nothing called a new normal. What seems new normal today, organizations are going to evolve and make processes and strategies to deal with the situation till another […]

Feb 1, 2021

Jobs

UP gets over Rs 1,88,000 crore investment, creates more than 1 lakh jobs in 3.5 years

UP gets over Rs 1,88,000 crore investment, creates more than 1 lakh jobs in 3.5 years Uttar Pradesh has received over Rs 1,88,000 crore investment in the last three and a half years. Alok Tandon, Infrastructure and Industrial Development Commissioner of the state said: “The kind of work done by the Chief Minister Yogi ever […]

Feb 1, 2021

Jobs

Robert Bosch Engineering to hire 2,500 people in India this year

Robert Bosch Engineering to hire 2,500 people in India this year Robert Bosch Engineering and Business Solutions (RBEI), the largest offshore development centre for Bosch globally, plans to hire 2,500 people this year to further strengthen its growth momentum and cater to the demand for niche solutions across industries. RBEI, which currently employs over 20,000 […]

Jan 31, 2021