Provident Housing Ltd’s Post

EPFO Data Reveals Marginal Growth in Formal Job Creation for FY24 📊 The Employees' Provident Fund Organisation (EPFO) reports a 5% increase in formal job creation for FY24, with 1.44 crore new enrollees. Notable growth was seen in Uttar Pradesh and Uttarakhand, each surpassing 20%. Industrial states like Maharashtra and Tamil Nadu continued to lead in job creation. Learn more - https://lnkd.in/gPkSRe6C #EPFO #JobCreation #EconomicGrowth #EmploymentTrends #IndiaEmployment

After EY staff, now HDFC bank employee in Lucknow dies allegedly due to 'work stress'. It’s an serious issue in India work culture day by day, specially in corporate sector. India Govt should take necessary steps. Me, personally quit from my last job due to overtime and work load, and when I resigned that created another story with me let keep that part aside (I have taken snapshot of all mail chats where they are asking me in written from a big giant company #Qualcomm to work on night, weekends) I have written a full article regarding this work stress on my thoughts in my previous post , let me attached one proof from them(hiding other employees name in screenshots). We all are working for money that true but at the end of the day we are human that is also true. Please save employee , please change work culture, keep toxicity free work environment. #Labourcommission #Ministry of Labour & Employment #workload #Workstress #weekends #toxic Sources: https://lnkd.in/gFuRw8nv

#𝗧𝗶𝗺𝗲𝗙𝗼𝗿𝗖𝗵𝗮𝗻𝗴𝗲 The recent tragedies of employees from EY, HDFC Bank, and now Bajaj Finserv taking their own lives due to overwhelming work pressure is a stark reminder of the toxic work culture that has devastating impact in employees life. It's time to open the dialogue and talk about this openly. We need to address the root causes of this crisis, which include #UnrealisticTargets, #LongWorkingHours, and a lack of #MentalHealth #Support. I urge the #Government, #Leaders & #Policymakers to take immediate action to strengthen our labour laws that protect our workforce and promote a culture of care and support. Let's create a healthier and more compassionate work environment for everyone. It's time for change. #TimeForChange #workculture #mentalhealth #employeesafety #laborlaws #India Government of India Official Department of Labour Ministry of Health and Family Welfare, Government of India

Ad hoc allowance for attendance, if variable, would not be treated as basic wages. Regional Provident Fund Commissioner, Hyderabad vs. M/s. VST Industries Ltd., Hyderabad and Anr., 2023 LLR 319 (AP HC)  #wages #basicwages #attendance #allowance #rpfc #pf #epf #epfo #providentfund #labourlaws #hiring #recruitment #hr #humanresourcesjobs #hrcommunity

MUMBAI: “HR policies in any organisation will always undergo changes. No HR system of hiring, promotions or release will continue forever. We cannot discount or negate any new policy without trying it out or without giving it time to establish itself. #Agnipath #Breakingnews #Googlenews #IITBombay #India #Indianews #Indianewstoday #KarambirSingh #ManojNaravane #RKSBhadauria #Todaynews

"Seeking Justice: Unlawfully Terminated by Yes Bank for Caring for My Cancer-Stricken Mother" My name is PANKAJ PANDIT , and I am reaching out with an urgent plea for justice and compassion. Recently, I was terminated from my position at Yes Bank in #Gangtok after prioritizing the care of my mother, a senior citizen battling #Cancer. Despite informing YES BANK’s CEO, Prashant Kumar, about my situation, I was met with silence, and the #HR team in #Kolkata has blocked further communication. This wrongful termination has left my #career and #educational prospects in jeopardy. But this is about more than just my situation—it's about the broader issue of how rigid corporate policies are allowed to override basic human decency. #Humanity #Over #Corporate #Policies: My case highlights the disturbing reality that employees can be penalized for choosing to care for their loved ones during critical times. Connection to Larger Social Issues: This situation is reflective of a systemic problem where corporate priorities often overshadow the #rights and needs of #caregivers. The #Hypocrisy of #Educated Society: Despite claims of progressiveness, the lack of empathy in this decision exposes serious flaws in our corporate and societal values. A Call for Government Intervention: I am appealing to the Ministry of Labor & Employment (Ministry of Labour and Employment, GOI), Ministry of Health and Family Welfare (Ministry of Health and Family Welfare, Government of India), Ministry of Corporate Affairs (Ministry Of Corporate Affairs), National Human Rights Commission (NHRC) (NHRC), National Commission for Women (NCW) (NCW India), and Prime Minister’s Office (PMO) (Narendra Modi) to take notice of this injustice. I am fighting not only for my #rights but for the #rights of all #employees who may find themselves in similar situations. 📜

🇮🇳 Middle-Class Struggles in Corporate World In Indian companies, bosses get big raises, but regular workers don't see much increase in their pay. In Indian companies, bosses get big salary bumps, but regular workers don't. This means it's tough for ordinary employees to afford things like rent & healthcare because they don't get much more money each year. Even though Employees work hard, they don't feel appreciated or paid enough. This unfair unfortunate treatment makes it tough for middle class Employees to afford basic things like house rent, child education, & healthcare. Despite working hard, they get small raises, similar to what daily wage workers receive. Plus, they have to deal with lots of taxes from government, making their financial situation even harder. Taxes make things even harder for middle-class workers in India. They have to pay income tax & other taxes, service charges, which adds to their money problems. This makes it even tougher for them to manage their expenses & make enough money to live comfortably. Poor Fellow Indians 🇮🇳 Employees are poor victims, stuck following strict rules & can't even talk about our struggles or low pay. It's a tough situation caused by old-fashioned corporate rules & unfair treatment. It's time to break free from this cycle of suffering. Choice is always yours & be wise to choose whatever best is for you, your family, & well-wishers. Ever after Political Elections in 🇮🇳, No government & organisation will let you become financially free. If you're ready to make a change & seek support to become financially free, don't hesitate to reach out to us. Not doing anything is also a dangerous choice as people ignore it & die helplessly with Regrets.😱☠️⚰️ Ignoring our advice can be the costliest mistake of your life - Choose wisely. With Best wishes, Team Money Coach #choiceisyours #choicesmatter #employee #mncjobs #bemindful #mindfulnessmatters #choices #indianeconomy #mindsetmatters #india #insurance #wealthmanagement #wealthcreation #warrenbuffett #moneymindset #reference #layoffs2023 #layoffs #godblessusall #godblessyou #officework #dangerous #office #employeerecognition #risk #corporatelife #culturematters #abuseawareness #humanbehavior #abuse #bullyingawareness #torture #abuseofpower #abuseprevention #crimeprevention #crime #legalissues #lifestyle #habits #comfortzone #mylife #choiceisyours #legacyprotection #choices #choicesmatter #beware #management #choiceisyours #job #people #finance #financegoals #wealth #assets #deathpenalty #wealthmanagement #avoid #wealthcreation #wealthbuilding #reality #wealthplanning #assets #criminal #investingstrategy #middleclass #wealthcreators #bemindful #mindfulnessmatters #choices #choice #humanbehavior #godblessyou #bemindful #mindfulnessmatters #toxic #usa #world #indian #indianculture #jobchange #thoughtprovoking #jobhiring #jobavailable #shameful #shameonyou #planningahead #planahead #mindset #perspective #thoughtprocess #thoughtfortheday

Expenditure of about Rs 40 crore annually by a Chennai-based conglomerate’ CSR arm! Distribution of Sanitary Napkins by the Pune Municipal Corporation through CSR! Hyundai motors’s CSR arm’s contribution of around 2 crores for affected communities due to the natural calamities! Recently, philanthropic activities undertaken by companies and institutions have been a talk of the town and have been constantly getting appraisal from the whole country. From Infosys' educational initiatives to HDFC Bank's healthcare ventures, Indian corporations make significant expenditure for the community. These commitments showcase a growing trend where businesses allocate resources to address social and environmental challenges. Ever wondered why companies invest in CSR and what exactly is Corporate Social Responsibility? CSR goes beyond statutory compliance; it is a strategic commitment by businesses to contribute positively to society. Curious to delve deeper into the concept, its motivations, and the impact of CSR on business and society? Uncover the intricacies in the detailed article linked below. https://lnkd.in/dN8JSDjW

Open Letter to ICICI Bank: Seeking Answers on Mass Termination & Employee Welfare I am deeply concerned about the recent mass termination of employees by ICICI Bank. This drastic action has not only raised eyebrows within the government and media but has also created a significant amount of unrest among the affected employees and the general public. ICICI Bank, being one of the premier banking institutions in India, holds a position of immense responsibility towards its employees, customers, and the financial ecosystem. In light of the recent events, several pressing questions need to be addressed by the bank’s management, particularly by Mr #SandeepBakshi, the Managing Director & CEO. Reason Behind Mass Termination: What prompted ICICI Bank to terminate such a large number of employees? Was there an internal audit or performance review that led to this decision, or were there other underlying factors? Compliance with Legal Norms: Despite a court order from Jammu and Kashmir, why were the terminated employees not compensated? An employer has the right to hire and fire, but it must be done in accordance with the law. Has ICICI Bank followed all due legal processes and norms in executing these terminations? Employee Welfare and Compensation: Reports suggest that several terminated employees are in severe financial distress and some have even taken their own lives. What measures is ICICI Bank taking to ensure the well-being of these employees? Is there a plan for providing financial aid or psychological support to those affected? Customer Safety and Data Security: Given the serious allegations made by the terminated employees, what assurances can ICICI Bank provide regarding the safety and security of customer funds and data? How is the bank addressing these allegations to maintain the trust of its customers? Internal Coordination: There seems to be a disconnect between the bank’s HR and legal departments. Was the legal department consulted before executing these terminations? If so, what was their advice, and if not, why was such a critical decision made without legal oversight? The recent developments have severely vitiated the working environment within ICICI Bank. It is imperative that the bank takes immediate and transparent actions to address these concerns. The reputation of ICICI Bank and the trust of its employees and customers are at stake. I urge Mr. Bakshi and the senior management of ICICI Bank to come forward with a comprehensive explanation and take corrective measures to rectify the situation. The banking sector thrives on trust and stability, and it is crucial for ICICI Bank to demonstrate its commitment to these principles. Sincerely, Dr Ajay Kummar Pandey Advocate Supreme Court of India, National General Secretary and Spokesperson Lok Janshakti Party (Ram Vilas), NDA Govt led by PM Modi. #iccibank

As I came across my timeline since yesterday, reflections on the remarkable contributions of 𝐑𝐚𝐭𝐚𝐧 𝐍𝐚𝐯𝐚𝐥 𝐓𝐚𝐭𝐚, one aspect that truly stood out for me was his unwavering commitment to the 𝐬𝐨𝐜𝐢𝐚𝐥 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐚𝐧𝐝 𝐰𝐞𝐥𝐥-𝐛𝐞𝐢𝐧𝐠 of Tata employees. Ratan Tata, like his predecessors in the Tata Group, ensured that his workforce was not only cared for but also empowered through progressive employee welfare policies. Throughout his leadership, Ratan Tata furthered the Tata legacy of pioneering social security measures like 𝑝𝑟𝑜𝑣𝑖𝑑𝑒𝑛𝑡 𝑓𝑢𝑛𝑑𝑠, 𝑎𝑐𝑐𝑖𝑑𝑒𝑛𝑡 𝑐𝑜𝑚𝑝𝑒𝑛𝑠𝑎𝑡𝑖𝑜𝑛, 𝑎𝑛𝑑 𝑝𝑒𝑛𝑠𝑖𝑜𝑛 𝑠𝑐ℎ𝑒𝑚𝑒𝑠, long before these were mandated by law. During the difficult times of the COVID-19 pandemic, Tata Steel extended benefits like paying salaries to the families of employees who were affected, showing their strong commitment to employee security. Ratan Tata’s philosophy was always centered on 𝑝𝑒𝑜𝑝𝑙𝑒-𝑓𝑖𝑟𝑠𝑡 policies, advocating for 𝑓𝑟𝑒𝑒 𝑚𝑒𝑑𝑖𝑐𝑎𝑙 𝑎𝑖𝑑, 𝑔𝑟𝑎𝑡𝑢𝑖𝑡𝑦, 𝑎𝑛𝑑 𝑝𝑟𝑜𝑓𝑖𝑡-𝑠ℎ𝑎𝑟𝑖𝑛𝑔 𝑏𝑜𝑛𝑢𝑠𝑒𝑠 for workers. His approach wasn’t just about building an industrial empire but also about shaping the lives of those who worked within it. Under his leadership, Tata Group expanded upon initiatives like 𝑠𝑎𝑓𝑒 𝑤𝑜𝑟𝑘𝑝𝑙𝑎𝑐𝑒𝑠, 𝑚𝑎𝑡𝑒𝑟𝑛𝑖𝑡𝑦 𝑏𝑒𝑛𝑒𝑓𝑖𝑡𝑠, 𝑎𝑛𝑑 𝑒𝑣𝑒𝑛 𝑓𝑟𝑒𝑒 ℎ𝑒𝑎𝑙𝑡ℎ𝑐𝑎𝑟𝑒, maternity benefits, and even free healthcare, making employee welfare a 𝐭𝐨𝐩 𝐩𝐫𝐢𝐨𝐫𝐢𝐭𝐲. What truly sets his approach apart is the human touch, Ratan Tata was known to personally visit employees in distress, revoking layoffs, and ensuring that workers felt valued beyond just their professional roles. His commitment to philanthropy and social responsibility, through initiatives like the Tata Trusts, continues to have a profound impact, not just on the employees but on society as a whole. Ratan Tata’s approach to employee welfare inspires us to rethink how we value the workforce today, setting an example for businesses globally. With the demise of this wonderful human being the question that remains in my mind is 𝐻𝑜𝑤 𝑐𝑎𝑛 𝑤𝑒, 𝑖𝑛 𝑜𝑢𝑟 𝑜𝑤𝑛 𝑟𝑜𝑙𝑒𝑠, 𝑐𝑜𝑛𝑡𝑟𝑖𝑏𝑢𝑡𝑒 𝑡𝑜 𝑡ℎ𝑒 𝑤𝑒𝑙𝑙-𝑏𝑒𝑖𝑛𝑔 𝑜𝑓 𝑡ℎ𝑜𝑠𝑒 𝑤𝑒 𝑙𝑒𝑎𝑑? I would have done my bit if I could emulate a slice of his social security vision for the organization I am building in Vault Infosec. What has been your takeaway as a learning from the life of Ratan N Tata?