Employee Benefits: HR News, Trends & Workplace Insights

Latest Employee Benefits HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Employee Benefits.

Updated on: Sep 2022

Work Model

PG India bolsters its mental well-being program for employees

Sep 30, 2022

Zerodha Announces Rs. Lakh Bonus as Fitness Challenge

Financial services company, Zerodha has said that its giving away month salary as a bonus to empl...

Compensation

Sep 28, 2022

Zerodha Announces Rs. Lakh Bonus as Fitness Challenge

Bank of America launches a New Sabbatical Program

One of the worlds largest financial institutions Bank of America launches New Sabbatical Prog...

Compensation

Sep 24, 2022

Bank of America launches a New Sabbatical Program

Oracle empowers managers to elevate the employee experience

Extending its commitment to helping organizations improve the employee experience, Oracle has introd...

Industry

Sep 19, 2022

Oracle empowers managers to elevate the employee experience

Diversity & Inclusion

CoinSwitch upgrades LGBTQ+ benefits for employees

India’s largest crypto investing company, CoinSwitch has enhanced its LGBTQ+ benefits with financial support for gender reassignment surgery. The company’s best-in-class insurance policy also covers same-sex partners. According to company, the policy will reimburse medical costs up to Rs 2 lakh. The benefit is an addition to the pre-existing initiative aimed at driving better inclusivity within […]

Sep 16, 2022

Work Model

IBM Updates Benefits Program for IBMers and Retirees

IT and Technology giant, IBM has announced that the company is making to optimize benefits for both current and former employees. The updates are intended to streamline offerings and plan administration while providing enhanced options for as many active and retired IBMers as possible. Medical Benefits and 401(k) Enhancements for Active IBMers in the U.S. […]

Sep 15, 2022

Compensation

Capgemini announces its 9th Employee Share Ownership Plan

IT major, Capgemini has announced the launch of its ninth Employee Share Ownership Plan (ESOP). This new employee share ownership plan is offered to approximately 97% of the employees and is part of the Group’s policy to associate all employees with its development and performance. This ESOP will be implemented through a capital increase reserved […]

Sep 14, 2022

Compensation

Infosys cuts average Variable Pay to 70% for the first quarter

India’s second-largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources. Recently, Wipro held back the variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain, […]

Aug 23, 2022

Labour Law

Walmart expands abortion coverage for employees

Walmart Inc. is expanding the types of medical situations for which its employee health plan would cover abortions and the cost of travel, to include conditions such as ectopic pregnancy. In a memo sent to employees on Friday, the company said its health care plans will now cover abortion for employees “when there is a health […]

Aug 20, 2022

Industry

Apple bans caste-based discrimination by code of conduct for staff

Tech giant Apple has banned caste-based discrimination in the company. The company has issued a code of conduct for employees in the United States. The company has also started training on this so that its employees understand the new policies better. The new policy sits alongside existing codes that strictly prohibit discrimination against race, religion, […]

Aug 18, 2022

Labour Law

CoinSwitch announces 8-month maternity leave for employees

India’s largest crypto investing firm, CoinSwitch has extended maternity and paternity leaves for employees. This policy is a part of its enhanced benefits program. Zeeshan Ramlan, Director and Head—of HR, CoinSwitch, said, “CoinSwitch is a fast-growing startup that values work-life balance. Our diverse workforce is our strength, helping us build a wealth-tech destination for every […]

Aug 17, 2022

Compensation

Shell earns bumper profits, gives 8% bonus to staff

The oil company, Shell is handing nearly all of its 82,000 staff a bonus equivalent to 8% of their salary after it reported record profits amid soaring energy prices. The British multinational is making the one-off payment to the vast majority of its employees around the world, only excluding those on its executive committee, executive […]

Aug 5, 2022

Work Model

Swiggy launches Moonlighting policy, staff can take up external projects

Food ordering and delivery platform Swiggy on August 3 said it has introduced an industry-first ‘Moonlighting policy’, wherein employees can take up external projects for pro bono or economic consideration based on internal approvals. “This could encompass activity outside of office hours or on weekends that does not impact their productivity on the full-time job […]

Aug 3, 2022

Industry

A company buys lottery tickets for 50000 employees

A CEO of a US restaurant Todd Graves, founder and CEO of Raising Canes, and co-CEO AJ Kumaran has bought 50,000 Mega Millions lottery tickets. The ticket has been purchased to increase the chances of winning the $830 million (Rs 6,624 crore) prize. The CEO plans to share the win with all his employees. Todd […]

Aug 2, 2022

Compensation

Zomato has allotted shares to employees at 1 rupee

Online food delivery platform, Zomato has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Rs 1. The company said in its note, “We wish to inform you that the nomination and remuneration committee of the board of directors of the company at […]

Jul 28, 2022

Training

Meesho Capability Enhancement Program enables to Upskill at Work

An Indian e-commerce company, Meesho helps employees upskill themselves and become the best at what they do through the CEP (Capability Enhancement Program). Upskilling is not all about courses and certifications. It is about growing in every aspect one wants to, not letting financial or time constraints confine their growth. This is the thought that […]

Jul 26, 2022