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 …
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 …
As the world evolves, so does the role of HR. HR leaders are blending technology with empathy to enhance innovation, inclusion, and employee wellbeing.
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 …
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 …
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 …
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 …
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 …
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 …
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 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 …
Headline Highlights
Headline Highlights
Headline Highlights
Amnesty Scheme for Employers
The Employees’ Provident Fund Organisation (EPFO) has introduced an amnesty scheme aimed at encouraging employers to disclose and rectify past non-compliance with EPFO regulations. This initiative provides a penalty-free opportunity for employers to align with EPFO …
India’s manufacturing sector faces significant hurdles in scaling its operations across key industries like textiles and electronics. Despite being the world’s second-largest producer of cotton, India lags behind countries like Bangladesh in garment exports. With $13 billion in apparel exports …
A recent Eightfold Talent Survey reveals a significant disconnect between HR leaders and business strategies, with over 80% of HR leaders acknowledging misalignment. The findings, based on responses from 500 HR leaders in large organizations (5,000+ employees), highlight key challenges …
The Indian government is reportedly gearing up for a transformative overhaul of the Employees’ Provident Fund Organisation (EPFO) system through the EPFO 3.0 initiative, while also introducing specific Aadhaar linking exemptions for certain employee categories. Here’s a comprehensive look at …
India is witnessing alarming trends in workplace stress, with multiple cases of employee burnout and suicides raising red flags. In recent months, incidents at organizations like Bajaj Finance, where a worker cited unbearable work …
The demand for generative AI (GenAI) expertise is transforming job markets worldwide, with roles mentioning GenAI growing exponentially over the past year, according to Indeed’s latest analysis. Here’s a breakdown of the trends reshaping industries and skill requirements:
European HR teams are setting benchmarks for innovation and strategic evolution, offering valuable insights for HR professionals in the APAC region. Here’s a quick look at how European strategies can inspire new approaches to HR in the APAC region:
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Key Update:
The Employees’ State Insurance Corporation (ESIC), under the leadership of Union Labour and Employment Minister Dr. Mansukh Mandaviya, is integrating its healthcare services with Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This initiative aims …
Mandatory Action:
Employees must activate their Universal Account Number (UAN) and link Aadhaar to bank accounts by November 30, 2024, to access Employment Linked Incentive (ELI) scheme benefits. This step ensures smooth Direct Benefit Transfer (DBT) for eligible …
Mandatory TDS:
Under Section 192A of the Income Tax Act, TDS applies to EPF withdrawals made before 5 years of continuous service.
TDS Rates:
Key Highlights:
• New Fund Proposal: India has called for a dedicated Multilateral Fund to support developing nations in transitioning to eco-friendly technologies under a legally binding global treaty on plastic pollution.
• Model Inspiration: The proposal mirrors the successful …
Summary
The rollout of India’s labor reform laws, including the Industrial Relations, Social Security, and Occupational Safety and Wages codes, has encountered delays as several states have yet to finalize the draft rules. While these codes were passed …
Summary
The HR landscape is rapidly transforming, driven by technology, evolving workforce expectations, and regulatory changes. Here are six major predictions shaping HR’s future: