Retired steel employees of Visakhapatnam Steel Plant (VSP) are protesting delays by the Employees’ Provident Fund Organisation (EPFO) in sanctioning higher pensions as per the Supreme Court’s November 2022 directive. Despite depositing ₹410 crores collectively for higher pensions, approximately 1,800 retirees have yet to receive any updates or payments. Initial pension orders issued to 10…
Transferring your Employee Provident Fund (EPF) balance when switching jobs is crucial to keep earning interest on your savings. If left untransferred, your old EPF account may become dormant and stop earning interest after a few years. The Employees’ Provident Fund Organisation (EPFO) has clarified that updating the date of exit from your previous organization…
AI is transforming workforce productivity by enhancing time management, automating repetitive tasks, and revolutionizing collaboration tools. With solutions like Microsoft Outlook’s AI assistant, Zapier, and Miro, businesses are streamlining operations and empowering teams to focus on innovation and strategic goals. A report from McKinsey highlights that 40% of organizations now leverage AI-powered productivity tools, with…
AI is revolutionizing HR functions, reshaping how organizations attract, engage, and retain employees in an increasingly competitive job market. From automating repetitive tasks to offering deep workforce insights, AI-powered tools are enabling HR teams to focus on strategic initiatives that drive employee satisfaction and business success. Unilever, for instance, has leveraged AI to streamline recruitment…
India’s female Labour Force Participation Rate (LFPR) has seen a notable rise, surging from 24.6% to 41.5% between 2017 and 2022-23, particularly in rural areas. A recent working paper by the Economic Advisory Council to the Prime Minister (EAC-PM) challenges assumptions that unpaid work drives this increase. Excluding unpaid labor, the data still shows substantial…
Professional Tax is a state-level tax imposed on individuals earning an income through employment, business, or profession. It is governed by Article 276 of the Indian Constitution, which empowers state governments to levy this tax. Here’s an overview of what it is and why it exists: Purpose of Professional Tax Who Pays Professional Tax? How…
Citigroup has introduced two advanced AI tools, Citi Assist, and Citi Stylus, designed to improve efficiency and simplify workflows for its 140,000 employees across eight countries. These tools aim to reduce the time spent on repetitive tasks, allowing employees to focus on strategic work. Citi Assist acts as a virtual assistant, helping employees navigate policies…
New research has sounded the alarm about the increasing use of artificial intelligence (AI) in the workplace, specifically focusing on technologies like Algorithmic Affect Management (AAM). This cutting-edge technology uses biometric data to track and manage workers’ emotions, raising significant privacy and ethical concerns. What is Algorithmic Affect Management? AAM involves the use of AI-driven…
In today’s fast-paced and technology-driven world, the Human Resources (HR) function is evolving into a cornerstone of organizational success. This shift was a central theme at the UNLEASH World 2024 event in Paris, where industry thought leader Josh Bersin, Founder and CEO of The Josh Bersin Company, shed light on the dynamic changes reshaping HR…
Fran Maxwell’s insightful Forbes article sheds light on the transformative role HR can play in integrating artificial intelligence into organizational operations. As companies increasingly adopt AI, HR teams are uniquely positioned to lead this change, ensuring that both tools and employees thrive. Below is an expanded view of Maxwell’s key points on effective AI engagement…
As the world evolves, so does the role of HR. HR leaders are blending technology with empathy to enhance innovation, inclusion, and employee wellbeing. What’s in It for You? The Big Picture HR is entering a transformative phase, combining technology with empathy to meet evolving employee needs while driving organizational success. From hybrid work models…
As organizations navigate rapid change, CHROs are increasingly viewed as key drivers of growth, with 89% of CEOs emphasizing their strategic importance. Yet, only 45% of companies provide conditions enabling CHROs to unlock their full potential. Insights from research across diverse industries reveal four critical areas shaping HR’s future. 1. Revolutionizing HR with Technology 2. Driving Organizational…
The Employees’ Provident Fund Organisation (EPFO) has announced major changes in its rules for Provident Fund (PF) claims, offering relief to employees struggling with Aadhaar requirements. Now, employees from specific groups can submit their PF claims without linking their Universal Account Number (UAN) to Aadhaar. What’s in it for You? Key Takeaway:For employees struggling with…
Employee attrition continues to be a pressing concern for organizations, with 44 million U.S. workers voluntarily leaving their jobs last year alone, as per the U.S. Chamber of Commerce. High turnover rates disrupt workflows, increase hiring costs, and lower employee morale. To combat these challenges, leveraging artificial intelligence (AI) has emerged as a game-changing strategy….
The Employees’ Provident Fund Organization (EPFO) has announced a significant increase in the auto claim settlement limit from ₹50,000 to ₹1 lakh, providing relief to millions of employees. This decision aims to enhance the “Ease of Living” for account holders and streamline the process for accessing provident fund advances for purposes like education, housing, and marriage under…
Artificial Intelligence (AI) is reshaping the workplace, promising efficiency, innovation, and precision. But beneath its sheen lies a less-talked-about reality: Without robust governance, AI can turn from a boon to a bane, amplifying workplace inequities and eroding trust. This article unravels the importance of AI governance, its impact on Diversity, Equity, Inclusion, and Belonging (DEIB),…
Since its launch on November 30, 2022, OpenAI’s ChatGPT has had a profound impact on HR functions globally. Within two years, generative AI has shifted from being a novel technology to a strategic partner in HR operations, offering efficiency and innovation. Here’s a snapshot of its evolution and future trajectory in HR: How ChatGPT has…
India’s fast-evolving corporate landscape faces a pressing challenge—employee wellbeing. As one of the world’s fastest-growing economies, India’s strength lies in its workforce, yet rising cases of lifestyle diseases, stress, and burnout highlight the urgent need to integrate well-being into workplace culture. Here’s what’s in it for you and why businesses must act now. What’s in…
In a major move that could expand social security coverage to millions of workers, the government is considering raising the wage ceiling for mandatory inclusion under the Employees’ Provident Fund Organisation (EPFO) and the Employees’ State Insurance Corporation (ESIC). The ceiling, currently set at ₹15,000 for EPFO and ₹21,000 for ESIC, may soon be increased…
The HR landscape is undergoing a seismic shift as organizations prepare for a transformative 2025. From embracing generative AI to prioritizing cultural integration and transparency, HR leaders are paving the way for innovative and sustainable growth. Let’s dive into the key focus areas that will shape the HR strategies of the future. 1. Responsible AI…
Headline Highlights Benefit Description Example Cost Savings AI-powered programs and platforms can enable businesses to achieve improved operating margins. A financial company reduced its contact centre workload by over 20% by using AI to speed up tasks. Employee Engagement AI makes it simpler for employees to discharge their duties, freeing them up to focus on…