Visionet, an IT and BPM firm, has announced that it will be covering 100 percent vaccination costs for all its staff (full-time, contract, and intern). The company is already in advanced discussion with private service providers for vaccination, and the drive will start as soon as government approvals and procurement of vaccines are allowed. The…
Havells India Limited, a Fast-Moving Electrical Goods (FMEG) company, has announced that the company will cover the cost of COVID-19 vaccination for all its direct and indirect employees in India above 18 years of age, under the company’s Vaccination programme through a reimbursement process. Commenting on the initiative, Mr. V Krishnan, CHRO Havells said, “It is unfortunate…
Global provider of digital services and SaaS products, Grazitti Interactive has announced a special one-time bonus for all its India employees who have spent a year in the organization as a token of appreciation for their work and commitment during the COVID-19 pandemic. The bonus, equivalent to an employees’ two-week pay, is independent of the…
National Engineering Industries Ltd (NEI), part of USD 2.4 billion diversified CK Birla Group has recently announced that the company has pledged to cover the cost of COVID-19 vaccination for its 2800 employees and their immediate family members. In the current phase of vaccination drive, people above 45 years of age are being vaccinated. NEI…
SKF India has announced cost coverage for COVID-19 vaccination drive for all employees and their immediate family members as per the guidelines by the Government of India. Reaffirming SKF India’s commitment, Gautam Kumar, CHRO, Director HR, SKF India Ltd., said, “We believe that covering the cost of COVID-19 vaccination for our employees and their immediate…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, is expanding its presence in Montreal by opening a new IT delivery center in the city, with plans to hire over 100 new employees immediately, and more than 500 in the next three years. “We are growing strongly by partnering with some of…
Cashify has announced ESOP buyback plan worth $1 million for its employees. The startup’s business is trading in old or used mobile phones, but it also makes instant cash payments for laptops and smartwatches. “Cashify has thrived on the entrepreneurial spirit and sense of responsible ownership that our employees bring in their approach. The ESOP…
Higher ed-tech company – upGrad is planning to cover the entire cost of Covid-19 vaccination for its employees and their family members. The COVID-19 vaccination drive will include all employees and former employees given they choose to receive the vaccine. Co-founder & Chairman – Ronnie Screwvala, Co-founder and MD – Mayank Kumar and Co-founder, upGrad…
ValueLabs, a global technology services provider, has announced the launch of a product they believe will be of great value to employees in organizations across the globe: Bitcoin Linked Options. “Bitcoin has been growing at an exponential rate for almost a decade, and can well be regarded as the fastest growing stock in the world.…
As part of its ‘Employee Investment Plan’, e-sports gaming platform Mobile Premier League has secured $500,000 from its employees. Announced in December 2020, the Employee Investment Plan was open to all employees of MPL. As part of the plan, the employees could acquire stock by investing anywhere between $2,300 and $23,000 in the company. MPL…
In recent hiring, Instamojo has hired 50% new recruits from Tier 2 and 3 cities. The full-stack transactional platform aimed at bringing small business online conducted the hiring across tech, marketing and product teams. Along with this, the company also announced a permanent work from home flexi option, under which the employees can choose to…
Vistara, a full-service carrier, has planned to continue with pay cut for staff till March. The company will do away with the three-day leave without pay for pilots effective from January 1. “For the pilots, the carrier will implement a 10 percent salary cut while at the same time increase their monthly base flying allowance to…
Wipro, global information technology, consulting and business process services company, is all set to roll out salary hikes for its junior employees (B3 and below) who are eligible, effective January 1, 2021. The junior band i.e. upto B3 comprises of 80% of its total 1.8 lakh employees. The employees at the mid-level i.e. C1 and…
Mukesh Ambani’s Reliance Industries Limited will roll back salary cuts for the employees of its hydrocarbons division, according to the PTI report. In addition to this, the company will pay a performance bonus to its employees that had been deferred due to the pandemic. The firm is also offering an advance 30 percent of the…