Tag: HR
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Samsung Workers’ Strike in Sriperumbudur: A Key Industrial Standoff
Overview of the Strike Key Demands by Workers Samsung’s Position Samsung has defended its stance by stating that its workers earn 1.8 times more than the regional average and receive overtime pay along with other benefits. The company has expressed a willingness…
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Walmart’s Compensation Strategy to Retain Talent
When the employee attrition rate increases for companies with high turnover costs, one of the many changes they can implement is a modification in compensation. This could involve simply increasing the base salary or altering the pay mix strategy. The…
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Amazon Enforces 5-Day Office Return Amidst Global Hybrid Work Shift
Amazon recently announced a significant change in its Return to Office (RTO) policy, requiring its corporate employees to return to the office five days a week starting January 2, 2025. This new mandate is a departure from the current hybrid…
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Quick Exits: Challenges of Fresher and Infant Attrition
Deloitte’s Campus Worforce Trends Survey Report revealed infant attrition rates as high as 25% for top MBA hires. The primary reasons for high attrition include unmet expectations, lack of proper mentorship, and insufficient career growth opportunities. Freshers often feel disconnected…
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EU-China Trade Tensions
Context: Earlier this year, the EU launched investigations into China’s state support for its wind turbine and solar panel suppliers. These probes aimed to determine whether Chinese subsidies were creating unfair competition for EU manufacturers. The investigations cover imports in…
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India’s Labour Market Trend – Dec 2023
In December 2023, formal job creation in India saw a modest uptick, with new monthly subscribers to the Employees’ Provident Fund (EPF) reaching 840,584, a 10% increase from November. Notably, young adults aged 18-28 constituted 67.17% of new subscribers, indicating…
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Wage hike refused by LIC employee unions
The employees’ union of LIC has rejected the government’s offer of a 14% wage hike, demanding at least a 25% increase. Citing the company’s strong financial performance, All india national life insurance employees federation (AINLIEF) along with other unions of…
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Britain’s Wage Dilemma: Balancing Growth and Inflation in the Face of Economic Uncertainty
Towards the end of 2023, wages (excluding bonuses) increased by 6.2% in Britain. Despite the concerns of the economy entering a shallow recession, this is only a slight decline from 6.7% growth in the previous quarter. It can be attributed…
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Deloitte is now looking at AI to help avoid mass layoffs in future
Strategic Use of AI in Skill Evaluation Deloitte LLP is leveraging artificial intelligence to assess the skills of its existing workforce and formulate plans for transitioning employees from less active business areas to roles with higher demand. This initiative is…
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Deloitte India reboots: Young blood in, old guard out
Deloitte India is shaking things up! They’re offering early retirement (“golden handshake”) to senior partners (55+), aiming to inject youthful energy into their leadership. Why? Attracting young talent & adapting to a fast-changing market. They plan for 30% of their…