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Why Hyderabad’s IT Employees Association & small IT business owners oppose ‘return to office’

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Since July 2021, the Government of Telangana has been urging IT companies to resume work from office in full swing. However, IT employees’ unions and small IT business owners based in Hyderabad do not wholeheartedly support this move.

Sharing his perspective, Vinay Kumar Pyaraka, president of Hyderabad’s IT Employees Association, tells HRKatha, that even though the pandemic looks to have subsided at the moment, the threat of a third wave of infections still looms large.

According to him, “personal losses due to the pandemic have taken a heavy toll on people in the industry. Therefore, a significant portion of the employees are naturally concerned about the safety of their families, as reopening offices means risking exposure to infection.”

Issues with relocating back to the city and resuming operations are not restricted to employees alone. Owners of small-scale IT businesses in the city are not pleased with the idea of bringing back their employees to the city either. At this stage, if a decision to recall employees to the city is implemented, it may lead to the greater challenge of attrition, which could adversely affect business.

Sandeep, a core member of the Association, who owns a small-scale IT business in Hyderabad points out that the level of productivity has only gone up in the IT sector. The recent boom in hiring is only an indication of the same. The sector, even though operationally hit during the onset of the pandemic, made a quick recovery and stabilised within six months.

The biggest challenge being faced by the IT companies at the moment is attrition. Therefore, if the state government actually insists on ending work from home and recalling employees to Hyderabad, these companies will be in trouble. “Given the present condition of the job market, many who do not want to rejoin office will simply switch jobs,” he adds.

Neel, another core member, who also runs a business, pointed out that companies have invested a lot of time and effort in establishing a solid operational infrastructure for work from home, and therefore, a shift back will be rather inconvenient for them in many ways.

The State government’s perspective on the issue has been clear. In 2020, Hyderabad, which is one of India’s biggest tech hubs, housed around 6,00,000 IT employees working across 1,500 IT companies.

As the pandemic hit, a large part of the workforce, which was not native to the city, moved back to their hometowns as work-from-home became the new norm. This movement of the IT employees hit the informal sector of the city, which is, to a great extent, dependent on IT campuses for livelihood. Now, with the vaccination drive having picked up and the pandemic appearing to be under control, the State government is requesting the IT firms to recall their workforces to the city.

However, other than these requests, the State government has not given any clear directives to the companies on ending work from home and calling back their employees.

“We urge the managements of companies to start their offices in the IT corridor. We have ensured that over 90 per cent of the support staff and workers from the unorganised sector, who provide services to the IT sector in the city, were vaccinated,” is all that G Srinivasa Rao, director of public health (DPH), Telangana, said on September 13, according to Telangana Today.

Paneesh Rao, chief human resources officer, Mindtree, says that although the state government is not ‘demanding’ that companies bring employees back to office, he feels that a shift back to office culture would actually be beneficial.

“Having worked from home for almost two years, we have lost touch with the office routine and culture. The rhythm we once had is sort of gone,” he points out. Mindtree has left the decision of resuming work from office to its employees. While the Company is welcoming its employees to work from office, it is not ‘insisting’ that they should. “They have the choice to continue working from home,” he says. According to him, there has been no push from the government for companies to recall their employees immediately.

Jayesh Ranjan, principal secretary, IT and Industries, Government of Telangana, has been campaigning for offices to reopen since July. He has been vocal in expressing his concerns over the frail economic condition that the informal sector has landed in, ever since the lockdown and migration of IT employees. As reported by New Indian Express, Ranjan expects all the companies to reopen by October, post Dussehra celebration.

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Source: https://www.hrkatha.com/features/why-hyderabads-it-employees-association-small-it-business-owners-oppose-return-to-office/

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Apple to test unvaccinated staff each time they enter office

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Tech giant Apple has announced that from October 24, it will require its unvaccinated corporate employees to get tested for COVID-19 every time they enter office premises.

The new policy will be applicable to all Apple employees who decline to report their vaccination status to the Company.

Apple has also mandated rapid tests once a week for their vaccinated employees as well. However, employees of the Company’s retail stores will be tested for the virus twice a week, as reported by Bloomberg.

The employees of Apple will be provided with rapid testing kits so that they can take a test all on their own. The results will have to be self-reported by the employees via the internal app.

All employees have been asked to report their vaccination status by October 24. In the coming days, they will have to show proof of their vaccination.

The updated policy will be floated by November 1 and Apple has informed its employees of the same via an internal e-mail earlier. The Company hopes to open its offices to staff for at least three days, starting January 2022. However, it has said that it will announce ‘return to office’ for employees a month prior to actually implementing the decision.

The Company has been urging its workforce to get inoculated and had ramped up the optional testing programme.

The post Apple to test unvaccinated staff each time they enter office appeared first on HR Katha.

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Source: https://www.hrkatha.com/news/global-hr-news/apple-to-test-unvaccinated-staff-each-time-they-enter-office/

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Ola Cars to expand workforce by 10,000, begin operations in 100 Indian cities in 12 months

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Expanding into the vehicle commerce business, Ola Cars has revealed its plan to hire 10,000 employees in the coming 12 months. The Company will expand its operations in 100 cities and set up service centres across the country. At the time of the launch of the Company, Ola released a statement saying that it will be starting operations in 30 cities initially.

By foraying into the used cars business, the Company will soon establish itself as a complete mobility solutions provider.

The move is well timed because in five years’ time, the used car market is predicted to grow from the present 3.9 million units annually, to 8.2 million units a year, which is more than double the estimated figures for the new cars market over the same period.

Ola is eyeing $2 billion gross merchandise value (GMV) for its new vehicle commerce platform in the upcoming year. In its first month, the Company is selling pre-owned vehicles in Delhi, Mumbai, Pune, Bengaluru, Chennai, Hyderabad and Ahmedabad. It is further planning to start operations in Chandigarh, Jaipur, Kolkata and Indore by the end of this week.

According to Arun Sirdeshmukh, CEO, Ola Cars, the Company has already sold 5,000 cars in its first month of operation, and it is gearing to hire majorly for its sales team and service centres.

The Company will also look to open its platform up for new vehicles from other automotive brands as well. “Ola Cars will begin with pre-owned vehicles, and over time, will open up for new vehicles from Ola Electric and other automotive brands as well,” the Company had said in its initial statement.

The post Ola Cars to expand workforce by 10,000, begin operations in 100 Indian cities in 12 months appeared first on HR Katha.

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Source: https://www.hrkatha.com/news/ola-cars-to-expand-workforce-by-10000-begin-operations-in-100-indian-cities-in-12-months/

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Bitcoin News: IWF kooperiert nun doch mit dem “coolsten” Diktator

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Nachdem El Salvador Bitcoin vor einigen Wochen als offizielles Zahlungsmittel integriert hat, hatte der IWF die Zusammenarbeit mit dem lateinamerikanischen Land infrage gestellt. Nun hat der IWF beschlossen, die Kooperation mit El Salvador doch weiterzuführen.

Aber wie hängen El Salvador, der Internationale Währungsfonds (IWF), Bitcoin und der US-Dollar zusammen?

Wir wünschen dir viel Spaß beim Lesen!


Die Zusammenarbeit geht weiter

Auf einer Pressekonferenz erklärte der amtierende Direktor der Abteilung Westliche Hemisphäre des Internationalen Währungsfonds, Nigel Chalk:

„Wir arbeiten aktiv mit der salvadorianischen Regierung zusammen und helfen ihr dabei, einige der Risiken und Nachteile zu durchdenken und zu bewältigen.“

Denn bereits vor der Bitcoin-Adoption hatte der IWF El Salvador vor den möglichen negativen Konsequenzen dieses Schritts gewarnt. Für den IWF sind die Folgen auf die Wirtschaft des Landes durch die Bitcoin-Adoption nicht absehbar und stellen somit ein hohes Risiko dar. Ferner geht es – wie so häufig – um die möglicherweise kriminelle Nutzung der ältesten Kryptowährung. Auf der Pressekonferenz erklärte Chalk, dass man auch in Hinblick auf die Terrorismusbekämpfung einem Risiko ausgesetzt sei. Doch mittlerweile weiß man, dass Bitcoin keine zwangsläufig von Terroristen bevorzugte Währung ist.

Marc Fuchs erklärt:

„Durch die Adaption von Bitcoin hat El Salvador einen Schritt in Richtung Unabhängigkeit zum US-Dollar gemacht. Der IMF könnte mit dieser Unterwanderung unzufrieden sein und gerät somit in einen Interessenkonflikt: Eine dem USD gegenüber rebellische Nation finanziell unterstützen oder auf Opportunitätskosten durch nicht eingenommene Zinsen sitzen bleiben.“



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1,3 Milliarden US-Dollar und ein Diktator

Der Präsident der Zentralbank von El Salvador, Douglas Rodriguez, erläuterte kürzlich, dass es um eine Kreditvereinbarung mit dem IWF in Höhe von 1,3 Milliarden US-Dollar gehe.

„Wir sehen keine Risiken. Vielleicht Aufwärtsrisiken. Bitcoin wird ein Zahlungssystem werden, ein System für finanzielle Inklusion.“

Nicht nur der IWF sieht die Bitcoin-Adoption kritisch, sondern auch einige Bürger. Für den Präsidenten Nayib Bukele sind die kleinen Proteste aber kein Grund zur Sorge. Denn in diesem Retweet rückt er die Größenverhältnisse in ein anderes Licht.

Richter Esli Carrillo erklärt, warum er Teil der Protestbewegung ist:

„Wir sind auf die Straße gegangen, weil wir uns in Richtung Autoritarismus… Diktatur bewegen.“

‘El Dictador más cool del mundo mundial’: The coolest dictator in the world.
Ein Bild von Twitter

Präsident Nayib Bukele beantwortete die Proteste mit einer Veränderung in seiner Twitter-Bio zu „der coolste Diktator der Welt“.

Der coolste Diktator der Welt nutzt aber nicht nur seine Twitter-Reichweite, sondern auch Instagram. Mit den Worten „ein paar Bilder auf Instagram haben eine größere Wirkung als jede Rede in dieser Versammlung“, machte der Politiker ein Selfie auf dem Podium der UN-Generalversammlung im September.



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Bitcoin News: IWF kooperiert nun doch mit dem “coolsten” Diktator“>Dieser Beitrag erschien zuerst auf fuchs-inc.de

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