This section contains insights related to workplace processes, hr policies and practices.
The coronavirus outbreak and a followed lockdown has caused huge losses to the corporate world. With organizations closing in on their offices, sending employees to work-from-home until the crisis in over, global economy has come to a halt. Lately, there have been many reports about companies laying off employees or sending them on furlough in…
Directives on Covid-19 management for workplaces, as per the most recent MHA order.
Covid-19 has severely impacted businesses across the globe, and amid lock down, supply chains going off and customer demand dried up a number of businesses have had to undertake drastic measures including salary cuts, furloughs, as well as job cuts. The impact has been seen globally and for businesses across industries. To understand the impact…
The economic impact of the Covid-19 pandemic calls on business leaders and the Board to meet the challenges on multiple fronts, ensuring the health of the business and positioning the enterprise to thrive at a new normal while attending to customer expectations and people’s needs.
The coronavirus pandemic has impacted normal worklife severely. The global economy came to a halt because of the pandemic and now every business and economist is waiting for it to be over as soon as possible. The decision of imposing nationwide lockdown by the government has now started to take a toll on the GDP.…
India’s largest airline by market share IndiGo, recently announced that it has decided to not go ahead with its earlier decision of employee salary cut for the month of April. The airline said that the decision is in deference to the Central government’s wishes. “In deference to our Government’s wishes of not reducing pay during…
In an attempt to promote employee welfare, French IT services giant Capgemini has recently announced that it has given a single-digit salary hike to 70 percent of its employees in India, effective April 1, 2020. The move will benefit the company’s 84,000 employees of its 1.2 lakh Indian workforce. The company has also said that…
A culture of innovation and nurturing creativity at workplaces can have some tremendous positive implications on an organisations operations and employees. Culture of innovations at a workplace helps evolve employees mindset and enables them to think out of the box, and all of this can go a long way in supporting an organisations business as…
The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…
The coronavirus pandemic and the subsequent government-imposed 21-day nationwide lockdown have deeply impacted the domestic economy, with a majority of firms expecting a significant decline in their top line and bottom line in the current and previous quarters, demand to decline and jobs getting impacted, according to a CEOs’ Snap Poll conducted by the Confederation…
Investment bank Goldman Sachs has recently offered its entire workforce globally an additional 10 days of paid family leave to help support them through the ongoing coronavirus pandemic. According to the company, the benefit has been put in place to enable employees to care for family members, as needed, due to COVID-19 (Coronavirus) related illness…
Takeda Pharmaceutical Company Limited, a global pharma company headquartered in Japan, has announced that its Board of Directors has approved an executive compensation recoupment policy (“clawback policy”). The policy is aimed at strengthening the company’s commitment to corporate governance. The policy will take effect on April 1, 2020 and apply to short-term incentive compensation beginning…
The novel coronavirus outbreak, which originated from China in December last year, has now spread to India forcing the government to impose a nationwide 21-day lockdown. The outbreak has now been termed as “pandemic” by the World Health Organisation. So far, the virus has claimed 47 lives and infected more than 1500 people. Organizations nationwide…
As India entered the 6th day of its nationwide lockdown due to the coronavirus pandemic, the government has step-up its efforts to further prevent the virus from spreading rapidly and contain it as soon as possible. The novel coronavirus which originated from China has now entered India. The Ministry of Health and Family Welfare has…
Indian tech giant Infosys recently announced that it has sacked one of its employees who wrote an “inappropriate post” on Twitter about the coronavirus pandemic. Announcing the termination of the employee’s services through Twitter, Infosys said, “Infosys has completed its investigation on the social media post by one of its employees, and we believe that…