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Thursday 31 August 2023

HR News: 01 Sep, 2023

1.

Delhi employees to get paid leaves during G20 Summit

The govt had announced public holiday in the capital city from September 8 to September 10. Delhi government has directed shop owners, businesses and other commercial establishments to provide paid leaves to their employees in during the G20 Summit, that is, on September 8, 9 and 10. The government had earlier announced a public holiday in the capital city from 8 September  to 10 September for the G20 Leaders’ Summit. The event is set to occur at the recently built convention centre situated in Pragati Maidan, within the New Delhi area. Following this, all proprietors operating shops, commercial ventures and enterprises within the boundaries of New Delhi and the National Capital Territory (NCT) are obligated to cease their activities during the said time period. Furthermore, the authorities had proclaimed the temporary shutdown of banks, financial entities, and business establishments situated in the region. The event will host 29 national leaders, in addition to prominent representatives from the European Union (EU), guest countries, and 14 leaders heading international organisations. 

 

2.

Standard Chartered offers 20 weeks of paid paternity & adoption leave

The Bank has enhanced its leave benefits to make them more inclusive. Standard Chartered has unveiled has enhanced its paternity and adoption leave benefits, with effect from 1 September, 2023. This initiative reflects the bank’s commitment to promoting equitable parenting responsibilities among its employees, irrespective of gender, relationship status, or the circumstances under which a child becomes a permanent part of an employee’s family. Under these progressive enhancements, employees will have the opportunity to avail up to 20 weeks of paid paternity and adoption leave. This groundbreaking policy underscores the Bank’s dedication to cultivating an inclusive work environment that empowers employees to effectively balance their personal lives with their professional aspirations.

 

3.

Hexaware Technologies offers 120% variable payout to employees

The company also plans to hire 6,000 employees in 2023. Hexaware Technologies, a global IT services leader, has introduced an exciting variable payout plan for employees, offering 100 per cent to employees, with the top performers receiving an impressive 120 per cent over two years. This reflects the company’s strong commitment to employee well-being, even during uncertain times. Recognising how happy employees boost productivity and creativity, Hexaware’s modern compensation approach aligns with its growth-focused decisions. A recent 2023 Brand Finance Report raised Hexaware’s rating to AA, acknowledging a remarkable 66 per cent brand growth in three years.

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