The 2024 SHRM Employee Benefits Survey highlights significant trends and shifts in employee benefits, reflecting the evolving priorities of both employers and employees. This year, the survey emphasizes the importance of health care, flexible work, and family care benefits, while also noting changes in professional development and financial wellness offerings. A few observations from the…
Analysis of foundit Tracker Insights report on the ever changing hiring landscape in India
Microsoft conducted another round of layoffs this week, impacting various teams across geographies.. While the exact number of affected employees has not been disclosed, LinkedIn posts from those impacted indicate cuts in product and program management roles. A Microsoft spokesperson explained, “Organizational and workforce adjustments are a necessary and regular part of managing our business….
Samsung saw its first ever strike in its existence of over half a century on the 7th of June. This comes as a sharp blow followed by them losing the top spot of chip manufacturing to SK Hynix in light of more demand for next generation high bandwidth chips for the rising demand of AI…
Walmart is shaking things up for its U.S. hourly store workers with a fresh annual bonus program, sparked by direct feedback from its team. Starting at a cool $1,000 annually, these bonuses grow alongside tenure and store achievements, requiring just one year on the job to qualify. This follows Walmart’s recent bump in minimum hourly…
Singapore Airlines has announced substantial bonuses for its employees following a record-breaking fiscal year. With a reported net profit of $1.98 billion for 2023-2024, the airline plans to reward its staff with a bonus nearly equivalent to eight months’ salary. This decision comes amidst a strong recovery in air travel, driven by the reopening of…
French tire manufacturer Michelin has taken a bold step to address the plight of its workforce by implementing a living wage policy for its 132,000 employees globally. This move comes after years of advocacy by the company’s leadership, who recognized that many employees were struggling to make ends meet on the existing minimum wage. Michelin’s…