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Latest Articles in Compensation and Benefits

WinZO Concludes Third Round Of ESOP Liquidation

Approximately 25 percent of the total workforce, comprising team members with a minimum of two years of tenure, will be eligible to benefit from the ESOP Liquidation program

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86.6% Women Want Menstrual Friendly Workplace: Menstrual Hygiene Survey 2023

82.8 per cent women struggle to focus on work due to menstrual periods or pain associated with it

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Dearness Allowance: West Bengal Bans Employees’ Protest

As per a circular released to this effect, government employees in West Bengal have been prohibited from protesting during tiffin or lunch breaks. Failure to comply with the directions of the circular means that the protesting employees will be marked absent.

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Kerala Govt To Table Bill Securing Rights Of Domestic Workers And Home Nurses

The bill is likely to be tabled before the state assembly soon and will provide a host of rights and benefits to domestic workers and nurses.

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Singapore Airlines To Give Record Bonus To Eligible Employees

The airline company has decided to reward eligible employees with a profit-sharing incentive equivalent to 6.65 months’ pay and a maximum of 1.5 months’ income as an ex-gratia payment.

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Golden Handshake: A Compassionate Departure for Laid-Off Employees

The approach has gained traction as a compassionate departure strategy aimed at providing support and assistance to laid-off employees during the transition period

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HDFC Bank Allots Equity Shares Under ESOP To Eligible Employees

“We wish to inform you that the Bank has allotted today 4561966 equity shares to the employees of the Bank pursuant to the exercise of options under its Employees Stock Options Scheme (ESOS)," the HDFC Bank said in a BSE filing.

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Tangedco Employees To Get 6% Salary Hike: Senthilbalaji

"About 66,548 employees will benefit from the service weightage," he added. He noted that in a couple of days, the tripartite agreement would be signed the presence of the labour commissioner", said Senthilbalaji.

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EPFO Issues Directions To Calculate Higher Pension With Interest

8.33% of the employer's share on higher pay (w.e.f.16.11.1995 or the date the pay exceeds the wage ceiling; whichever is later) will be calculated as per records.

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Employee Can't Be Denied Pension On Wrong Deductions: Supreme Court

Technical objections are sought to be raised, which are not tenable. For any fault on the part of the Corporation, the employees cannot be made to suffer, the court said.

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