1.
TISS to close down three centres
The institute may shut down the three academic centres, which
UGC had sanctioned as PLAN projects and promised funds for.
In
a move that may impact the employment of a number of faculties at the Tata
Institute of Social Sciences (TISS), the director, S Parasuraman, recently
declared that the institute has been struggling to sail through owing to the
University Grants Commission’s failure to release the sanctioned funds.
The
institute may apparently shut down the three academic centres, which UGC had
sanctioned as PLAN projects and promised funds for—Centre for the Study of
Social Exclusion and Inclusive Policies, Advanced Centre for Women’s Studies
and the Nodal Centre for Excellence under the Scheme of Human Rights Education.
The
three centres are likely to face closure as the 12th (and last) Five Year Plan
period ends on March 31. The failure to get an official extension for the
UGC-sanctioned centres, established under various plans till date, has been
cited as the reason for the institute to take the extreme step, shocking its
teaching community.
2.
Multiples PE acquires
majority stake in PeopleStrong
Private equity firm Multiples has signed a 400 crore deal for
acquiring a majority stake in PeopleStrong.
Multiples PE has
finalized a substantial stake in PeopleStrong for Rs 400 crore, sources close
to the deal that did not wish to be quoted, said. The funding will be utilized
to acquire other HR companies in India and across Asia. It would also look to
strengthen its existing products, viz the HR App and the HR chatbot ‘Jinie’
that it launched last year.
Sources also
confirmed that employees will be availing their share money, by liquidating
some portion of their shares in the company. PeopleStrong’s management team
will continue to hold the same shares, post the deal. Renuka Ramnath, founder
of Multiples Equity will join the board members; and company co-founders Pankaj
Bansal and Shelly Singh will stay on the board. This information could not be
officially confirmed.
The news of this
development comes at a time when the Indian HR industry is shifting decisively
from services to technology. As the talent challenges of organizations have
evolved, so have the solutions around them. Predictive analytics, appification,
social media and gamification are focal points in HR technology conversations
today. Companies that acknowledge the evolving dynamics of people management in
the transitional environment are gaining confidence in the advantages of HR
Outsourcing, automation and digitization. All of this augurs well for HR
outsourcing and technology-based companies, who now have small and medium
enterprises (SMEs) too, on their roster of clients in addition to the traditional
mainstays: the large enterprises.
3.
Karnataka legislators propose: No night
shifts for women.
Karnataka
legislature panel recommends that women not be assigned any night shifts rather
only men to be preferred.
A committee of
legislators in Karnataka proposed that – women not to be assigned any night
shifts, as far as possible, they are needed at home. Such recommendation was
made to Information Technology and Bio-technology companies (IT/BT) in
Bengaluru by the legislature panel.
The statement has
sparked protests in the state by women activists who consider it very
regressive and narrow. This recommendation was made in the 32nd
report, which was tabled in the legislative assembly headed by NA Harris.
As told to media, N
A Haris said a woman’s primary responsibility is to take care of home and be
involved in child care.
"A woman has a greater
social responsibility than everyone else. She is going to groom the next
generation and has maternal responsibilities. If a woman is working in the
night, it could result in the neglect of the child as the mother and the child
can't meet," NA Haris, committee chairman.
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