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: Dec 2022
Diamond crafting firm gives solar rooftop panels as Diwali gifts to 1,000 employees
Industry

Diamond crafting firm gives solar rooftop panels as Diwali gifts to 1,000 employees

One of the world’s leading diamond crafting companies, Shree Ramkrishna Exports Pvt. Ltd. (SRK) has announced that the company will be gifting solar rooftop panels to 1000 of its employees on the occasion of Diwali. Shri Govind Dholakia, Founder & Chairman of SRK Exports (aka Govindkaka) said, “SRK is a purpose-driven company and has always led by […]

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Biz2Credit offers BMW bikes, iPad Air, 40X bonus to employees
Compensation

Biz2Credit offers BMW bikes, iPad Air, 40X bonus to employees

Hard work pays off, and Biz2Credit, a provider of an online marketplace for small business funding, turned this phrase into a grand reality! At the Biz2Credit Annual Diwali Dhamaka, Biz2Credit employees reaped the rewards of the outstanding contributions they made in the past year. Taking centre stage at the Biz2Credit Annual Diwali Dhamaka on 8th […]

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P&G India bolsters its mental well-being program for employees
Work Model

P&G India bolsters its mental well-being program for employees

Procter & Gamble India (P&G India) today announced that it is further bolstering its mental well-being initiatives with the ‘Happy Minds 2.0’ program. The program shifts the focus from mental health to mental well-being, and comprises of a bouquet of initiatives, including counselor services at the workplace, preventive mental health check-ups, enhanced awareness among leadership […]

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Zerodha Announces Rs. 10 Lakh Bonus as Fitness Challenge
Compensation

Zerodha Announces Rs. 10 Lakh Bonus as Fitness Challenge

Financial services company, Zerodha has said that it’s giving away 1 month salary as a bonus to employees who met their fitness goals after the covid lockdown. Zerodha chief Nithin Kamath has set a new health challenge for employees so that they take out time for workout/exercise/sports activities. This bonus was being offered to mark […]

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Bank of America launches a New Sabbatical Program
Compensation

Bank of America launches a New Sabbatical Program

One of the world’s largest financial institutions Bank of America launches New Sabbatical Program and under this new initiative, it provides 4-6 weeks of additional paid leaves to its employees. Commenting on this program the company said, “As part of our commitment to be a great place to work, the Bank of America Sabbatical Program […]

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Oracle empowers managers to elevate the employee experience
Industry

Oracle empowers managers to elevate the employee experience

Extending its commitment to helping organizations improve the employee experience, Oracle has introduced a series of new updates within Oracle Fusion Cloud Human Capital Management (HCM). The new portal for team skills, performance evaluation capabilities, and an employee listening solution will help managers engage and empower teams to achieve their fullest potential. Over the past few […]

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CoinSwitch upgrades LGBTQ+ benefits for employees
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 […]

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IBM Updates Benefits Program for IBMers and Retirees
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. […]

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Capgemini announces its 9th Employee Share Ownership Plan
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 […]

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Infosys cuts average Variable Pay to 70% for the first quarter
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, […]

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Walmart expands abortion coverage for employees
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 […]

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Apple bans caste-based discrimination by code of conduct for staff
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, […]

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