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61% leaders thriving in hybrid mode, while their staff are struggling

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Now that the hybrid model of working seems to be here to stay, it is time to look at whether this new approach is sitting well with most professionals. According to the Work Trend Index 2021 report by Microsoft, business leaders and decision-makers seem to be doing far better than their struggling employees. A good 61 per cent of business leaders and those in decision-making capacities admit that they are thriving in this present hybrid world of work, while only 39 per cent are struggling. However, when it comes to their teams or employees working under them, the story is quite the opposite.

About 46 per cent of the married workforce are doing well compared to a significant 54 per cent that are struggling. Only 44 per cent working moms are managing well in the new normal, whereas the majority are struggling or somehow surviving. When it comes to GenZ, 40 per cent are thriving, while 60 per cent are surviving or struggling. Only a small percentage of frontline workers, that is, 39 per cent are managing to thrive, while most, that is, 51 per cent are struggling. As for the newer lot of employees who are less than a year old in the organisation, 36 per cent are thriving while an overwhelming 64 per cent admit that it is a major struggle for them. The single employees are also having it hard, with the majority (67 per cent) struggling and only 33 per cent managing to thrive.

More leaders in decision-making capacity have admitted to having developed stronger relationships with colleagues and having been able to take more vacations. Most of the business leaders who were part of the survey are more likely to be Millennials or Gen X, male, information workers, who have moved farely ahead in their careers. In sharp contrast, Gen Z, women, frontline workers, and those starting out on their careers have been struggling for most part of the past one year.

Clearly, there is a disconnect between leaders and their employees. With 37 per cent of the workforce, globally, stating that their employers are demanding too much from them amidst such challenging times, it is high time leaders established a connect with their workers.

This is the time employers need to show empathy and lend support to their employees. This can only happen if they are in connect with their employees. Since physical interactions are absent, leaders have to come up with new ways to connect with their teams, read their minds or facial expressions and recognise signs of distress in their tones, and address their issues without delay.

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Source: https://www.hrkatha.com/research/61-leaders-thriving-in-hybrid-mode-while-their-staff-are-struggling/

HRTech

KM Birla steps down as Vodafone Idea chairman; Kapania to take his place

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Kumar Mangalam Birla has stepped down as the non-executive member and non-executive chairman at Vodafone Idea. On August 4, 2021, the board accepted Birla’s request to make this move and has elected Himanshu Kapania — a veteran in the telecom industry who is currently a non-executive director and non-executive chairman at the company — to take his place.

The board has also appointed Sushil Aggrawal, a nominee in the Aditya Birtla Group, as an additional director at Vodafone Idea.

Last month, Birla had written to the Government to support the Company as it is under heavy debt, and required aid to keep the telecom company afloat in the market. Now, with the Supreme Court rejecting the plea of the Company to correct the pending dues, the very survival of the Company is under question. Moreover, the liabilities of Vodafone Idea increased when the Supreme Court allowed the Government to levy statuary dues on the non-core revenues of the Company.

As per ICICI securities, the Company’s liabilities stand at Rs 23,200 crore, which is due to be paid within the next 12 months. In contrast, the Company’s cash and cash-equivalent assets stand at Rs 350 crore and land and tax refunds account for Rs 3000 crore. Earlier, telecom companies including Vodafone Idea, Tata Teleservices, and Bharti Airtel pleaded with the Supreme Court to r- calculate the statuary debts to the telecom department, their plea had been dismissed on July 23.

In 2019, the Supreme Court passed a verdict allowing non-core revenues to be included in the statutary dues ending a 14-year long battle on the definition of AGR (Adjusted Gross Revenue). This increased the liabilities of companies such as Vodafone Idea and Bharti Airtel to more than Rs 90,000 crores.

With the stepping down of Birla, the stock price of Vodafone Idea also slid 34 per cent in three days.

The post KM Birla steps down as Vodafone Idea chairman; Kapania to take his place appeared first on HR Katha.

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Source: https://www.hrkatha.com/people/movement/km-birla-steps-down-as-vodafone-idea-chairman-kapania-to-take-his-place/

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HRTech

Pfizer asks staff to get vaccinated or get tested weekly

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Pfizer, the US-based pharma company has asked all its US employees to get vaccinated for COVID-19 or be ready to get tested for the virus every week, at the office. Seeing a spike in the number of cases in the US with the delta variant being active in the community, many companies in the US have asked their employees to get vaccinated against the virus before returning to office. However, those who cannot get vaccinated due to medical issues and religious beliefs are being accommodated. Pamela Eisele, the company’s spokesperson shared with the media that Pfizer has taken this decision because it cares about the safety and health of its employees and the very community it serves.

Even outside the US, the Company is encouraging all its employees to get vaccinated as soon as possible as per the availability of doses in every country. As of 2020, Pfizer had 29,400 employees in the US. Companies such as Alphabet and Walt Disney have already mandated their employees to get vaccinated.

Pfizer in collaboration with BioNTech was the first company whose COVID-19 vaccine was authorised in the US. As of now, 70 per cent of the US population has been vaccinated with its first dose and seeing a sharp increase in the number of cases, New York has asked every individual to produce their vaccination certificate to enter the state.

In a survey conducted by CNBC , covering more than 800 people, it was found that there is a sharp divide in the views of the people in making inoculation mandatory. About 49 per cent of the people favoured mandating the vaccine, while 46 per cent were against it with five per cent people not being sure what should be done.

The post Pfizer asks staff to get vaccinated or get tested weekly appeared first on HR Katha.

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Source: https://www.hrkatha.com/employee-health/pfizer-asks-staff-to-get-vaccinated-or-get-tested-weekly/

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HRTech

Target follows a similar move by Walmart, announces debt-free education benefits for frontline employees

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Target, the global retail company has joined the likes of Walmart, Taco Bell and Walt Disney in providing undergraduate certificates and associate degrees to its front-line employees. The Company has decided to offer debt-free education-assistance programme, which will benefit 3,40,000 of its employees across stores, distribution centres and headquarters in the US. The employees will have access to undergraduate and associates degrees, textbooks, certificates, bootcamp programmes, course fees and a lot more. All expenses will be covered by the Company, with no employees being required to shell out anything from their pockets.

Target’s partnership with Guild Education will provide its staff access to 250 business-aligned programmes from over 40 schools, colleges and universities. The Company has also decided to fund advanced courses up to $10,000 for master’s degrees.

The Company intends to invest $200 million over the next four years to support this programme in a bid to keep up its promise to make education accessible and affordable to its employees under the Target Forward initiative.

“Target employs team members at every life stage and helps our team learn, develop and build their skills, whether they’re with us for a year or a career. A significant number of our hourly team members build their careers at Target, and we know many would like to pursue additional education opportunities. We don’t want the cost to be a barrier for anyone, and that’s where Target can step in to make education accessible for everyone,” says Melissa Kremer, CHRO, Target.

She adds, “Our team members are the heart of Target’s strategy and success, and we have a long history of investing in industry-leading pay, extensive benefits and career opportunities to help our team thrive and have rewarding careers at Target.”

Quite a significant number of the hourly workers at Target are able to build their careers at the Company. Target realises that many are desirous of pursuing further education, but lack the opportunity due to financial constraints. With this programme, Target hopes to remove that constraint and make education accessible to all its employees.

The post Target follows a similar move by Walmart, announces debt-free education benefits for frontline employees appeared first on HR Katha.

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Source: https://www.hrkatha.com/employee-benefits-welfare/target-follows-a-similar-move-by-walmart-announces-debt-free-education-benefits-for-frontline-employees/

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HRTech

Tata Steel adds 16 women HEMM operators at its West Bokaro division

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Under its programme called [email protected], Tata Steel has added 16 women as Heavy Earth Moving Machinery (HEMM) operators in all shifts, at its West Bokaro Division. This is a step taken by Tata in a bid to contribute towards its diversity and inclusion agenda.

[email protected] programme aims at providing upskilling opportunities to women in the coal and mine industry and provide them jobs as well. The West Bokaro site is the first division to initiate this programme, following which it received around 446 applications. Only 16 candidates, who possessed the minimum qualification of matriculation, were selected after an interview and written test.

These women candidates will go through intensive training under the programme to hone their skills and before being deployed as operations assistants to operate HEMM at Quarry SE, which includes dumper, dozer, shovel, excavator and drill.

“Tata Steel has always provided career opportunities to the talented youth from the community, and [email protected] at West Bokaro is yet another milestone in this journey. Focused on industry-wide efforts to foster a diverse and inclusive culture, Tata Steel is making sure it provides a safe and an enabling environment to its workforce. We take great pride in welcoming onboard the new women recruit at our West Bokaro site and wish them an empowering career ahead,” shares Atrayee Sarkar, VP-HR, Tata Steel.

Tata Steel is known for offering career opportunities to deserving young talent, and [email protected] is just another measure towards furthering this cause. The programme, it is hoped, will result in a diverse and inclusive culture. Tata Steel is already taking all necessary steps to ensure safety at the workplace.

Sushmita Mandal, a HEMM operator also shared her experience by saying, “From learning to drive bi-cycle, bike, & car, to gearing up to drive HEMM, I have come up a long way. Nothing is impossible if you are up for the challenge. I am happy that I will now share my workspace with my father and other male colleagues. This opportunity will not only weave a better future for all the aspiring girls in the region but will also inspire local housewives.”

The Company hopes that its workforce will comprise 25 per cent women by 2025 and the [email protected] programme will act as a catalyst in this endeavour. In its annual report of 2018-19, Tata Steel had revealed its aim to achieve 25 per cent women representation in its workforce by 2025.

The post Tata Steel adds 16 women HEMM operators at its West Bokaro division appeared first on HR Katha.

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Source: https://www.hrkatha.com/diversity-equity-inclusion/tata-steel-adds-16-women-hemm-operators-at-its-west-bokaro-division/

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