1.
Flipkart
CEO Kalyan Krishnamurthy adds HR to his plate
The
entire HR team at the online retailer will now report directly to Krishnamurthy
as he takes up key portfolios of HR and finance under his purview.
Flipkart’s
CEO Kalyan Krishnamurthy, who took over as the CEO in January this year is now
set to take charge as the chief people officer until a new one is hired. The
entire HR team at the online retailer will now report directly to Krishnamurthy
as he takes up key portfolios of HR and finance under his purview.
Before
becoming the CEO, Krishnamurthy was the head - category design
management.
Nitin Seth, who was the chief people officer and the chief administrative officer until 2016, was promoted as the chief operating officer at the same time when Krishnamurthy took over as the CEO. Additionally Seth is responsible for heading Ekart, which is the logistics division of the company, customer experience, strategy-to-execution capabilities and corporate functions.
Nitin Seth, who was the chief people officer and the chief administrative officer until 2016, was promoted as the chief operating officer at the same time when Krishnamurthy took over as the CEO. Additionally Seth is responsible for heading Ekart, which is the logistics division of the company, customer experience, strategy-to-execution capabilities and corporate functions.
2.
No change in contribution to Provident Fund at 12 percent: EPFO
The Central
Board of Trustees (CBT) has turned down the proposal to reduce the mandatory
contributions from workers and employers to 10 per cent.
What was being seen as a step towards increasing
the take home salary of employees, the Employees Provident Fund Organisation’s
proposal to cut companies' or employers' contribution towards retirement corpus
of their staff by two percent, has been rejected.
The highest decision making authority of the EPFO, the Central Board of Trustees (CBT) has turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.
The highest decision making authority of the EPFO, the Central Board of Trustees (CBT) has turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.
Currently, an employee gives away 12 per cent of
his or her basic salary towards their provident fund contributions. The
employers also make an equal contribution to the retirement fund. Employees and
employers contribute 12 per cent of basic wages each towards Employees
Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit
Linked Insurance Scheme (EDLI).
The proposal to reduce the contributions by
employers and employees to 10 per cent of basic wages, including basic pay and
dearness allowance, was listed on the agenda for meeting of the Employees'
Provident Fund Organisation (EPFO), which was held in Pune last Saturday.
3.
Adecco India selects CEO for one
month
Mohit
Mahajan will spend a month under the mentorship of India country manager &
MD Priyanshu Singh and fellow members of the executive team, as CEO for one
month
Adecco has selected 48 talented young people from
all over the world to take on the role of CEO for one month, for its ‘CEO for
One Month’ programme that was launched in February this year. The finalist from
India, Mohit Mahajan, will work alongside and under the mentorship of Priyanshu
Singh, country manager and MD, Adecco Group India. This year, the initiative
received about 1,20,000 applications from across the world.
Mahajan will have the opportunity to learn on the job and gain privileged overview of management in a complex, global organisation. As CEO for one month, he will receive a paid internship which will also help enhance his CV and career prospects.
Mahajan, a student of Indian Institute of Foreign Trade, Delhi and Jaypee University of Information Technology, was one of the 6500+ applicants for the CEO for one month internship in India. The candidates underwent a series of tests and challenges to reach the final round of selection.
Mahajan will have the opportunity to learn on the job and gain privileged overview of management in a complex, global organisation. As CEO for one month, he will receive a paid internship which will also help enhance his CV and career prospects.
Mahajan, a student of Indian Institute of Foreign Trade, Delhi and Jaypee University of Information Technology, was one of the 6500+ applicants for the CEO for one month internship in India. The candidates underwent a series of tests and challenges to reach the final round of selection.
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