Tech Mahindra puts wage hikes and incentives on hold, but says no layoffs.
Tech Mahindra is putting on hold incentives and wage hikes until there is more clarity on business as the coronavirus outbreak has disrupted operations worldwide. However, its junior associates will get their remuneration packages in full.
Besides, undisclosed salary cuts also have been announced, for senior and mid-level management. CEO...
Bajaj Auto on Sunday said in an internal letter to its employees that it will not implement its proposed decision to observe a pay-cut across the organization for April and assured them of complete payment for the lockdown period.
Earlier Bajaj Auto had proposed a 10% pay cut for staff after all business activities were halted due to the lockdown...
The coronavirus (COVID-19) a global pandemic has affected every workplace in the country in one way or another. As governments make significant interventions in response to the coronavirus, businesses are rapidly adjusting to the changing needs of their people, their customers, and suppliers. Some employers have closed their doors temporarily—and some permanently. Others have asked their employees to work from home, or...
Bengaluru-based, Udaan, B2B commerce online startup has laid off several employees working on a contract basis as the company’s non-essential business has been shut due to the nationwide lockdown in the wake of the COVID-19 situation.
Udaan is an online marketplace that facilitates buying and selling fashion products, groceries, and electronics among manufacturers, brands, and retailers.
The company said, “With the...
In the recent past, corporate organisations across the world have increasingly given more priority to CSR activities venturing beyond their own talent pool to look for solutions around issues such as education, environment, poverty, human rights, etc. In fact, companies are now viewing CSR activities as essential tools for employee engagement and retention, especially in workplaces teeming with millennials.
And...
At a time of crisis when most of the companies have hit a pause on hiring, IT major Capgemini will continue to hire as per plans and digitally onboard new employees in India despite the challenges arising due to the COVID-19 outbreak.
Already in last weeks, Capgemini made it clear that the company will honour all campus offers made to...
IT major Cognizant has linked the compensation of all top executives to its share performance relative to those of direct competitors and the company has also scrapped its ‘days sales outstanding’ metric, presumably in response to the Covid-19 pandemic.
"Brian Humphries, CEO of Cognizant and other top executives obtain mounted parts like basic pay in addition to non-fixed ones like...
According to a report published in Business Today, Tata Consultancy Services (TCS) will ask 75 percent of its 4.48 lakh employees to work from home by 2025.
The new secure borderless workspaces (SBWS) model has improved the company’s velocity by 25%. It means that TCS could shift to WHM as a ‘New-Normal’ once lockdown opens.Over the past few weeks, TCS...
After the Government's interference, IndiGo reverses plan to cut salaries of employees, drops March decision
On April 23, in an e-mail, Ronojoy Dutta, CEO IndiGo said employees "In deference to our Government’s wishes of not reducing pay during the lockdown, we have decided not to implement the previously announced pay cuts during the month of April,"
"However, your Excom members...
With the whole COVID-19 pandemic, the global economy is topsy turvy. Jobs are at stake, businesses are wading through troubled waters and livelihoods are being affected.
With the onset of this current viral outbreak, the global workforce has been shoved into the realm of remote operations. Strict curfews and lockdowns have resulted in employees working from home (WFH), which is placing organisations in an unfamiliar dimension.
Corporates and Enterprises...