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Tuesday, 20 December 2022

HR News: 16 Dec, 2022

1.

Employers in Finland have until December 31 to check for non-competition restrictions

Employers in Finland have until December 31, 2022, to check for noncompetition restrictions in employment contracts signed prior to December 31, 2022. Employers in Finland have until December 31, 2022, to check for noncompetition restrictions in pre-2022 employment contracts.  Furthermore, if required, to waive them before the conclusion of the transition year, as starting January 1, 2023, employers will be obligated to pay compensation to any resigning employees. They will be even responsible to pay the compensatory benefits to employees dismissed for cause, for the period of the noncompetition restriction after the employment,
even if their pre-2022 employment contracts did not contain non-compete compensation clauses. According to the statute, non-compete agreements entered into after January 1, 2023, must pay at least 40% employee’s usual wage for non-compete agreements lasting up to six months, and 60% if the non-compete agreement lasts more than six months.

2.

Piramal Finance announces the unveiling of new Piramal Innovation Lab in BLR

The new Innovation Lab aims to hire over 300 professionals from software engineering, product management, user experience (UX) and data sciences sectors. On December 15, 2022, Piramal Capital and Housing Finance (Piramal Finance) announced the unveiling of their new, state of the art, Piramal Innovation Lab in Bengaluru. The Piramal Innovation Lab is an extension of Piramal Finance’s goal to create innovative products and services which meet the various finance requirements in the under-served and unserved Indian The Piramal Innovation Lab is an extension of Piramal Finance’s goal to create innovative products and services which meet the various finance requirements in the under-served and unserved Indian market. Piramal Finance aims to have a team of over 300 professionals at the Piramal Innovation Lab in Bengaluru for various tech and business intelligence positions by the end of FY23 who will complement the existing large pool of professionals led by Saurabh Mittal(chief technology officer) and Markandey Upadhyay (head, business intelligence unit) across Mumbai and Bengaluru. Bengaluru was the preferred choice for the ‘Innovation Lab’, as the city has established itself as one of India’s leading IT hubs, providing them with a vibrant ecosystem for technology and a solid digital infrastructure that attracts tech talent from across the country.

 

3.

Bioderma, a NAOS brand, implements 4.5-day work week in UAE & India

The new employee-centric ecosystem will start from December 2022. Introducing a renewed sense of culture in the workspace, NAOS- a dermocosmetic brand, India, has announced a 4.5-day workweek module. The new employee-centric ecosystem will start from December 2022 in the UAE and India. The company stated that the Pandemic led to changes in social behaviours and trends across sectors and industries, inducing a new mindset at the workplace. Sharing her thoughts on the new module, Sony R. Kadavil, hr head, NAOS India said, “We invest in people in terms of comfort, freedom, and openness to express, so that they in-turn invest in the organisation. At NAOS, we believe in human care first, irrespective of them being our internal or external customers. We will continue to prioritize it in the future too whilst making sure that simplicity, honesty, learning, and work transparency continue to be the core of our organisation.”

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