A record 260 companies went bankrupt in 2023 as they couldn’t...
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Over 1.55 lakh cos incorporated last fiscal in India
“During the financial year 2020-21, Ministry of Corporate Affairs registered more than 1.55 lakh company incorporations as compared to 1.22 lakh companies during FY 2019-20, an increase of about 27 per cent,” the release said.
Gig economy can support 90 million jobs in India, add 1.25% to GDP: BCG Report
The gig economy, where workers get hired typically for short durations, can lead to transactions of over USD 250 billion over the long term, the report by the consultancy firm BCG said.
The firm said gig economy is not a new concept but has seen greater adoption following the advent of technology.
‘Work from home jobs’ searches in 2020 surged 140% in India: Google report
This, “Learning anything, anywhere”, is one amongst the three major changes in user behaviour that have emerged based on search trends spanning Search and YouTube in 2020, Google said.
The searches for learning went beyond academics, and focused on learning for career progression, upskilling, entrepreneurship, and supplementary income, with four in five people coming to YouTube to learn something new, Google said.
One year since lockdown: India still recovering from unemployment blow
The data showed that the unemployment rate had peaked to 23.5 per cent in April and remained at 21.7 per cent in May. It started tapering off from June onward when it was recorded at 10.2 per cent in the month and further improved to 7.4 per cent in July.
However, the unemployment rate again rose slightly to 8.3 in August and improved to 6.7 per cent in September last year, as per CMIE data.
No plan to introduce four-day work week in central government offices: Min
“Presently, there is no such proposal to introduce four days a week or 40 hours a week for Central Government officials,” Labour Minister Santosh Gangwar said in a written reply in the Lok Sabha.
Uber to give UK drivers minimum wage, pension, holiday pay
Uber said it’s extending the benefits immediately to its more than 70,000 drivers in the U.K. Drivers will earn at least the minimum wage, which currently stands at 8.72 pounds ($12.12), after accepting a trip request and expenses, and will still be able to earn more.
Drivers will also get holiday pay equal to about 12% of their earnings, paid every two weeks. And they’ll be enrolled in a pension plan that both they and the company will pay into.
Women want health covers to be more `women-centric’: Survey
The report showed that 98% of the women believe that there should be more women centric health add-ons in the health insurance such as Menstruation/hormonal issues, PCOD treatment, Mental Illness related to Postpartum Syndrome and Osteoporosis Treatment. Women’s health has been majorly affected given their ever-evolving roles both at work as well as at home which make the need for health insurance vital. Their bodies are biologically different from men; hence it has been noted that women are more susceptible to critical ailments such as arthritis, breast cancer, auto-immune diseases, menstruation/hormonal issue etc.
Covid-19 accelerates shift towards digitalisation: Infosys-Milken report
The report finds that the shift to remote work has allowed employers to hire talent beyond where they physically operate. Some firms have used this opportunity to double down on diversity and inclusion. The Covid-19 pandemic has changed employment forecasts for different sectors. Although utility companies experienced the smallest decline in employment during Covid-19, it is projected to have the largest decline of any sector over the next decade.
Fidelity offers 5-day of family care leave
The policy is part of its policy of being a family-friendly company and comes eight months after it offered up to 26 weeks of paternity leaves as maternity leaves. The family care leave policy is based on multiple pulse surveys conducted over the past several months among the employees, which found that many of them needed support to balance their work and family care responsibilities, Upasna Nischal, HR head at Fidelity International India said.
Infosys, Accenture to cover COVID-19 vaccination costs for Indian workers
“Infosys is looking at partnering with health care providers to vaccinate employees and their immediate families as eligible,” Chief Operating Officer Pravin Rao said in an emailed statement.
For Accenture, costs for employees and dependents who are eligible and choose to receive the vaccination will be covered, the company said.