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Razorpay extends health insurance coverage to siblings, critical treatments in industry-first move
- Razorpay, India’s leading payment solutions company, has introduced a revamped health insurance policy with industry-first benefits.
- The new policy extends coverage to siblings, adopted children, and critical illnesses like HIV/AIDS and PCOS.
- Razorpay aims to create an inclusive work environment by allowing employees to define their family for insurance purposes.
- The revamped policy eliminates co-pays, includes enhanced maternity benefits, discounted OPD expenses, regular health checkups, and wellness perks.
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HRKatha
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SalarySe and HROne enter into a strategic partnership
- SalarySe, India’s first UPI powered 360-degree employee financial benefits platform, announces its strategic partnership with HROne.
- The partnership aims to revolutionize financial benefits for employees and upgrade HR operations.
- SalarySe offers curated and personalized financial solutions, including UPI, rewards, retirement planning, savings, and credit access.
- HROne, a leading HR software solutions provider, focuses on empowering HR professionals and driving tangible results for businesses.
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Minis
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What Companies Get Wrong About Skills-Based Hiring
- In the pursuit of talent and diversity, companies have shifted towards skills-based hiring, eliminating college degree requirements from job postings.
- However, there's a significant gap between rhetoric and action. While job ads have changed, actual hiring practices remain largely unchanged. The inertia stems from the lack of reliable screening tools, leading hiring managers to default to degree requirements.
- Yet, research shows that hires without degrees are more likely to stay. To facilitate skills-based hiring, companies should celebrate successes, reverse-engineer achievements, define requirements clearly, redesign onboarding processes, promote from within, and acknowledge where degrees are genuinely necessary.
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Minis
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Want to ask about remote work roles during a job interview? Stanford University expert has a tip
- To gauge a company's openness to remote work during a job interview, Stanford University's communication expert Matt Abrahams suggests framing questions tactfully.
- Instead of directly asking about remote work, inquire about office dynamics: "How often are people in the office? Do some work virtually, or is there a hybrid model?".
- This approach allows insight without alarming managers. As organizations navigate post-pandemic work structures, subtle inquiries like these can provide valuable information to job seekers. Abrahams emphasizes the importance of strategic communication in job interviews to glean pertinent details without jeopardizing prospects.
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Rockpapershotgun
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The Long Dark is getting a Cheat Death system, but don't worry, it's also getting a Misery Mode and cougars
- The Long Dark, a legendary survival sim, is introducing a "Misery Mode" and the addition of a new predator, the Cougar.
- Developers Hinterland are aiming to bring more challenge to the game and create friction for players.
- In a first for The Long Dark, an optional Cheat Death system is being introduced, allowing players to return from the grave four times with trade-offs.
- The aim is to prevent players from backing up their saves and encourage them to face the consequences of their actions.
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HRKatha
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HDFC bank slashes notice period to 30 days
- HDFC Bank has reduced the notice period for departing employees from 90 days to 30 days.
- The decision aims to adapt to evolving workplace dynamics and prioritize employee needs.
- The updated policy applies to probationary employees as well and allows for early exits with manager approval.
- This move aligns with industry trends and reflects HDFC Bank's focus on talent management and employee well-being.
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Insider
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Mark Zuckerberg's daily routine as he turns 40, from regular jiu jitsu and MMA sessions to wearing the same outfit to work
- Mark Zuckerberg wakes up at 8 a.m. and immediately checks Facebook, Facebook Messenger, and WhatsApp on his phone.
- Zuckerberg's daily routine includes jiujitsu and MMA training to stay physically and intellectually engaged.
- The Meta CEO saves time and brainpower by wearing a work uniform consisting of jeans, sneakers, and a gray T-shirt.
- Zuckerberg likes having employees read through relevant materials before meetings and follows up with them after the meetings for an hour.
- He goes to sleep early and gets at least eight hours of sleep every night.
- Zuckerberg has various interests outside work, including learning Mandarin Chinese, reading a book every two weeks, and cattle farming.
- Zuckerberg has a goodnight routine with his daughters where he talks about the most important things in life.
- He spends time with his family, traveling, and meeting with world leaders.
- Zuckerberg thinks about how to connect the world and serve the community better most of the time, but he spends time reading and thinking about things by himself.
- Zuckerberg acknowledged that checking his phone first thing in the morning was a bad habit.
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HRKatha
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Dell implements colour-coded attendance tracking for hybrid employees
- Dell has implemented a colour-coded system to track the attendance of its hybrid employees.
- The system assigns ratings of blue, green, yellow, or red based on attendance.
- The ratings will impact performance reviews, promotions, and potential layoffs.
- This move is expected to affect a substantial number of Dell employees, including remote workers.
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HRKatha
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Cognizant warns of termination over office attendance
- Cognizant has issued a warning stating that employees could face termination if they continue to defy the directive to return to office premises.
- The company sent a letter to the workforce stressing the importance of in-office presence and emphasizing previous communications regarding office attendance.
- Non-compliance may be considered serious misconduct and result in disciplinary action or termination.
- Cognizant had earlier mandated its Indian employees to work from the office at least three days a week.
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HRKatha
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Aman Gupta will be CHRO, Tata Communications; Aadesh Goyal to retire
- Aman Gupta will be the new CHRO of Tata Communications, starting from 1 July 2024.
- Aadesh Goyal, the current CHRO, will retire on 30 June.
- Gupta's elevation to CHRO was approved by the Tata Communications Board.
- Gupta has a strong background in HR and has been associated with Tata Communications since September 2013, holding various positions of increasing responsibility.
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Medium
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What Got You Here Won’t Get You There: Strategic Shifts for Effective Global Capability Centers…
- Building an internal Global Capability Center (GCC) instead of relying on external service providers requires enterprises to re-evaluate existing strategies, leadership styles, and organizational culture.
- Enterprises must focus on developing deep domain expertise and operational acumen within their teams while relearning how to build and scale operations internally.
- Traditional leadership style does not suffice in the dynamic, innovative environment of a GCC, and it has to evolve from a command-and-control style to an empowerment, collaboration, and innovation-oriented approach.
- The focus shifts from cost management and efficiency to innovation, agility, and integration when transitioning from managing service providers to leading GCCs.
- GCCs are envisioned as long-term strategic assets within the global workforce plan, ensuring the alignment of objectives.
- A successful GCC requires a strong, adaptive corporate culture that supports global integration and performance.
- GCCs are not just another service provider in the mix; they are a fundamental part of the organization with a strategic mandate to drive innovation, process improvement, and competitive advantage.
- Not only financial investment, but executive time, effort, and deep organizational change is required for the successful establishment and management of the GCC.
- Bridgepath can help enterprises identify and implement necessary changes to ensure their GCCs are not just operational but pivotal to their strategic success.
- Bridgepath specializes in organizational transformation, strategic realignment, and cultural recalibration, which are key to driving change across the enterprise.
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HRKatha
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What’s in Sterlite’s three-pronged approach to appraisals?
- Sterlite Power has implemented a innovative three-pronged approach to performance reviews which puts emphasis on absolute performance, fairness, and individual growth.
- The new approach was designed to invest in the future while ensuring each employee is nurtured so that they reached their full potential.
- This strategy ensures that Sterlite's employees are satisfied and valued, and that staff retention remains high by addressing employee compensation and future prospects.
- Sterlite recognised that incentivising employee growth and development was crucial to the company's success and has instituted variable pay to encourage personal development.
- A comprehensive 'talent-assessment process' was created to evaluate potential, ability, and overall fit, that is used to identify employees that possess the drive and talent to excel beyond their current roles.
- Sterlite implemented 'objectives and key results' methodology, ensuring all their employees, from top-level to bottom, understood how their individual goals contributed to the company's overall objectives.
- Execution of the new system had its fair share of hurdles, including accurate talent assessment and budget adjustments.
- Feedback from employees was positive, as the change from traditional appraisals encouraged growth and development rather than the negative sentiment normally associated with performance reviews.
- Sterlite is committed to continuous improvement and regularly benchmarks performance management practises to stay ahead of the competition.
- Sterlite Power's innovative approach to performance reviews shows that focusing on flexibility, adaptability, and future-orientation is key to positioning a company for success in the years to come in the ever-evolving energy sector.
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HRKatha
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Termination, relocation orders for hundreds of Walmart employees
- Hundreds of employees at Walmart have either been laid off or have been asked to relocate to the corporate office or to other central offices.
- Employees at smaller offices in Atlanta, Dallas, or Toronto have been asked to relocate.
- Walmart plans to automate about 65% of its stores over the next two years.
- In a bid to attract and retain talent, Walmart rolled out a two-pronged strategy including stock grants for managers and a 3-for-1 stock split.
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Pcgamer
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After spending time trying to fix a bug that wasn't actually there, Manor Lords dev has a simple request for players: 'Have fun with mods but please don't report bugs if you use them'
- Modders have been creating mods for Manor Lords despite the game not having official mod support.
- The developer, Slavic Magic, requests players not to submit bug reports if they are using mods.
- The developer spent time investigating a bug that turned out to be caused by a mod.
- Official mod support for Manor Lords is planned for the future.
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Rockpapershotgun
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PC classics Ultima, SimCity and Myst have been added to the World Video Game Hall of Fame
- Ultima, SimCity, and Myst have been added to the World Video Game Hall of Fame.
- The Strong, a New York-based museum, selects interesting picks from video games, tabletop games, and toys.
- The winners were Asteroids, Resident Evil, Myst, SimCity, and Ultima.
- The inductees will be displayed in The Strong's physical museum in Rochester, NY.
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