How are commissioned employees sick pay calculated

The government is being urged to endorse 10 days' leave for transgender reassignment surgery after leading delivery platform, Foodpanda, recently implemented the policy. The call was also made to recognise sexual and gender diversity on International Day Against Homophobia, Biphobia and Transphobia on Tuesday. "Lessons should be learned from the private sector on securing trans rights in the workplace, especially on their gender transitioning period," said Koko Tiamsai, Foodpanda's diversity and inclusion specialist and the transgender woman who campaigned for the special leave policy at the company. Foodpanda announced the additional 10-day leave on top of 30 days sick leave, for transgender employees on Feb 23. They call it "transition leave". "Transgender surgery is not just cosmetic surgery. This surgery is supposed to help transgender employees realise their true identity," she said. It is a major event and change in their lives and, as such, they need time to adjust or … [Read more...] about ‘Transition leave’ sought for transgender employees

Representative image Millions of salaried employees will not be required to wait till the end of 2022 to get their FY22 PF interest credited to their account as the employees’ provident fund organisation (EPFO) is expected to complete the process well in advance. This is largely due to two factors. First, the 8.1% interest rate for FY22 is the lowest in 43 years, and hence unlikely to face scrutiny from the finance ministry. Secondly, crediting interest rate of 8.1% earlier will benefit EPFO’s financial health as the outgo will be less during PF claim settlements, at least two government officials said requesting anonymity. EPFO under the labour ministry may disburse the interest rate ahead of Dusshera-Diwali festive season, one of the two officials cited above said. “I don’t think the finance ministry will have much of a problem in giving formal approval to 8.1% interest rate. Expect the credit of interest pay-out happening earlier this year,” said one of the officials. … [Read more...] about Exclusive | EPFO interest rate credit likely to happen earlier than previous years

Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work

- A + A BENGALURU (May 16): McDonald's Corp on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years, following the invasion of Ukraine. The world's largest burger chain, which owns about 84% of its nearly 850 restaurants in Russia, will take a related non-cash charge of up to US$1.4 billion following its sale. McDonald's had in March decided to close its restaurants in the country, including the iconic Pushkin Square location in central Moscow — a symbol of flourishing American capitalism in the dying embers of the Soviet Union. The burger chain represented the thawing of Cold War tensions and became a way to sample Western food and spirit for millions of people, even though the cost of a burger was several times bigger than the daily budgets of many city dwellers. "Some might argue that providing access to food and continuing to employ tens of thousands … [Read more...] about Golden arches to go dark in Russia as McDonald’s exits after 30 years

When the Federal Communications Commission voted to institute strong net neutrality rules in 2015, it was because millions of people from across the political spectrum spoke out. If there’s one thing everyone can agree on, it’s that cable and phone companies shouldn’t be able to screw us over more than they already do, or dictate which websites and apps we can use. advertisement advertisement When the Trump administration’s notorious FCC chairman Ajit Pai repealed those Obama-era protections in 2017, the move sparked some of the largest online protests in human history. Net neutrality supporters crowdfunded billboards, protested in the streets, and drove millions of phone calls, comments, and emails to regulators and lawmakers. To this day, the FCC’s repeal of net neutrality remains the government action that received the most filed opposition comments by individual people in history. Democrats seized on this outpouring of … [Read more...] about When will Democrats deliver on their promise to restore net neutrality?

Nike has doubled down on litigation against StockX in a heavyweight lawsuit between the biggest shoe manufacturer in the world and the hypebeast shoe resale platform that’s now valued at $3.8 billion . advertisement advertisement The battle started in February, when Nike filed a trademark suit against StockX, after StockX announced a program that promised to turn your shoe purchases on its site into instant NFTs. (Nike, having not minted these NFTs itself, claimed StockX was misusing its trademark by minting NFTs from Nike shoes.) Then last week, Nike upped the legal ante: It added an accusation of counterfeiting on top of its existing trademark suit, claiming that it purchased four pairs of fake Nikes from StockX. At first glance, the story may look like another example of Nike being overly protective of its intellectual property. Last June, Nike sued the Brooklyn-based art collective MSCHF, after the group released Satan Shoes, which were Nikes … [Read more...] about Nike is suing StockX for allegedly selling counterfeit shoes. What happens next?

As one of the larger companies of the consumer discretionary sector, The Coca-Cola Company ( KO ) shares have enjoyed a relative upward trend since the beginning of 2022 as investors appear to be bracing for potential interest rate hikes. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter. Analysts expect the company to announce $0.41 in earnings per share (EPS) and $8.93 billion in revenue. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days. Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if … [Read more...] about Can Coca-Cola (KO) Keep Up the Trend?

Sanjay Sapre is the current President of Franklin Templeton India. His term ends in July 2022. Late evening on April 23, 2020, Sanjay Sapre , president of Franklin Templeton Asset Management (India) Ltd, made probably, one of the most awkward public announcements in his life—that of winding up six of the fund house’s marquee debt funds. These were all open-ended debt funds and weren’t meant to be shut down. Franklin Templeton believed that by winding up the schemes, it would buy the fund house time to sell its illiquid securities once market conditions improved. At the time, the COVID-19 global pandemic was declared, equity markets had fallen sharply and the debt market had frozen. Debt fund investors rushed to take their money out and fund houses everywhere saw redemptions. Franklin Templeton India was the worst affected because it had been running a high-yield strategy across six of its debt schemes, totaling assets worth Rs 25,215 crore as of April 23, 2020. Its … [Read more...] about Franklin Templeton is here to stay in India, we are hiring and getting ready to launch new funds: Sanjay Sapre

Share to Twitter Share to Linkedin The conflict between Russia and Ukraine could spill into international energy markets. If Russia sent its troops into the heart of Ukraine, it could spell the end of Nord Stream 2 — an $11 billion natural gas pipeline. Germany, which is withholding approval of the line, warns of a “high price” if it invades Ukraine. This begs the question of who has the most power: the Russians feeding an energy-starved Europe or the western allies, which can “blacklist” President Putin and Russia. Because Russia got away with taking Crimea from Ukraine in 2014, it may reason that any aggression would be met with a feeble response — mainly because Nord Stream 2 would provide 15% of Europe’s natural gas. But a takeover would come with significant costs. The Europeans may depend on Russian natural gas, but they have other options. And the United States wants to be a more prominent supplier of liquefied natural gas or LNG, albeit at a higher … [Read more...] about A Russian Invasion Of Ukraine Would Have Profound Implications For International Energy Markets

When you are stretched thin with plenty on your to-do list, believe it or not, the best thing you can do is to relax (mentally and physically) periodically throughout the workday. By doing so, you’ll refuel your energy level, be more focused and productive as you push past the finish line to reach your short- and long-term goals. advertisement advertisement Below, experts from Fast Company Executive Board describe their most effective productivity hacks during crunch time and how useful they are when you are trying to get the most done. 1. ALWAYS HAVING A BACK-UP PLAN IN PLACE When an eleventh-hour health scare pushes an event online or top-tier talent decides to perform from home instead of in person, success relies on decisions you made months before. At VIVA, we have satellite planning teams in place who are directed to work on scenarios B and C, even while plan A is moving ahead full steam.  In that way, the quality of what we do remains high … [Read more...] about 15 productivity hacks that keep business leaders on track