Latest Employee Benefits HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Employee Benefits.
For years, employers competed to offer bigger and better benefits. Generous parental leave, fertilit...
Major employers are beginning to scale back on once-generous workplace benefits, with Deloitte and Z...
The Union Ministry of Labour and Employment recently provided comprehensive replies in the Lok Sabha...
Organisations globally acknowledge the significance of diversity, Equity, and inclusion (DE&I) in enhancing employee welfare in the demanding labour market. The absence of a sense of belonging and inclusivity are primary contributors to talent turnover. Over the past decade, the workforce mindset has undergone a significant shift, with employees now evaluating various factors, including DE&I […]
The modern workplace is undergoing a rapid transformation, and employee benefits are at the forefront of this evolution. To attract and retain top talent, organizations are reimagining their benefits packages to align with the evolving needs and expectations of their workforce. Let’s explore eight key trends shaping the benefits landscape in 2024: 1. Healthcare Affordability: […]
Revolt Motors, India’s leading electric motorcycle company, has marked its 7th anniversary with a bold and inclusive step: the introduction of an Employee Stock Ownership Plan (ESOP) for all its employees. This move breaks away from the traditional model of reserving ESOPs solely for senior management, emphasizing the importance of every team member’s contribution. Revolt […]
In a groundbreaking move, Standard Chartered Bank, India, has launched a financial-assistance initiative aimed at supporting employees with physical disabilities. This initiative marks a significant milestone within the Group, demonstrating the bank’s commitment to enhancing inclusivity and improving workforce participation among underrepresented talent groups. The Initiative The primary objective of this initiative is to empower individuals […]
In a heartwarming gesture ahead of the festive season, the Kerala government has announced special Onam bonus for its employees. The move aims to recognize their contributions and provide financial relief during the auspicious occasion of Onam. Onam Bonus and Special Festival Allowance As part of the Onam celebrations, the Kerala government has approved a […]
Renault Group, the renowned automotive manufacturer, is reinforcing its commitment to employee share ownership. The company has launched its third consecutive employee share ownership plan. This initiative is part of the broader Renaulution strategy, aimed at enhancing employee engagement, fostering a sense of ownership. It also aims to aligning the workforce with the company’s long-term […]
In today’s rapidly evolving business landscape, companies increasingly recognize the value of investing in their employees’ development. Education benefits, such as tuition reimbursement, professional development courses, and continuous learning opportunities, have emerged as powerful tools to enhance employee engagement. The Connection between Education and Engagement Employee engagement refers to the emotional connection and dedication that […]
Poonawalla Fincorp, a prominent financial services provider in India, has taken a significant step to enhance its employee benefits package. The company recently announced the issuance of 500,000 stock options to eligible employees under its Employee Stock Option Plan (ESOP) for the year 2024. This move reflects Poonawalla Fincorp’s commitment to recognizing and rewarding its […]
In today’s competitive job market, organizations are increasingly recognizing the importance of offering attractive employee benefits to retain top talent. However, merely offering benefits is not enough; understanding their return on investment (ROI) is crucial to ensuring they effectively contribute to employee retention. This article delves into the strategies for measuring the ROI of employee […]
