Here is a summary of noteworthy HR-related news from India on March 7, 2025:
Lloyds Banking Group Shifts Skilled IT Jobs from UK to India
Lloyds Banking Group is set to hire hundreds of IT engineers in India while planning to cut a similar number of jobs in the UK. The British lender plans to have 4,000 permanent employees working in technology and data in India by the end of the year, nearly doubling its tech workforce in the country. This move is part of Lloyds' broader IT overhaul, aiming to digitize operations and cut costs. Consequently, around 6,000 UK-based IT employees were notified last month that their jobs are at risk, although the bank plans to create 1,200 new tech jobs for which the existing staff will need to reapply. Despite the promise of new roles, some UK workers are expected to lose their jobs, leading to accusations of hypocrisy from union leaders. The shift aligns with similar trends by other UK financial institutions transferring jobs to India and is part of Lloyds' £4bn investment plan under CEO Charlie Nunn to improve returns and reduce reliance on interest rates.
https://www.ft.com/content/a304cf5a-...f-16651b59e758
Small-Town Women in India See Significant Pay Boost
According to a recent report, women in India's smaller towns have experienced a 34% salary increase over the past three years. This substantial pay boost highlights the growing economic empowerment and opportunities for women beyond major urban centers.
https://hr.economictimes.indiatimes....port/118782927
India's Average Salary Increment Projected at 8.8% for 2025
A Deloitte India report indicates that the average salary increment in India is expected to be 8.8% in 2025, slightly down from 9.0% in 2024. While 75% of companies aim to maintain or reduce pay hikes due to muted revenue growth, top performers may receive 1.7 times higher increments than average employees, with a focus on optimizing costs and talent differentiation.
https://timesofindia.indiatimes.com/.../118786495.cms
EKA Mobility Appoints Mohit Sharma as Chief Human Resource Officer
EKA Mobility, a leading commercial electric vehicle manufacturer, has appointed Mohit Sharma as its Chief Human Resource Officer (CHRO). In this role, Sharma will lead people-centric policies, foster a high-performance culture, and drive employee satisfaction, supporting the company's rapid growth in the electric mobility sector.
https://hrtoday.in/mohit-sharma-appo...-eka-mobility/
Larsen & Toubro Introduces One-Day Paid Menstrual Leave for Women Employees
Larsen & Toubro (L&T) has announced a new policy granting one day of paid menstrual leave per month to its women employees. This initiative aims to promote inclusivity and support women's health in the workplace.
https://www.hrkatha.com/news/larsen-...men-employees/
Please note that these summaries are based on reports from various sources and reflect the information available as of March 7, 2025.
From India, Gurugram
Acknowledge(0)
Amend(0)
14Lloyds Banking Group Shifts Skilled IT Jobs from UK to India
Lloyds Banking Group is set to hire hundreds of IT engineers in India while planning to cut a similar number of jobs in the UK. The British lender plans to have 4,000 permanent employees working in technology and data in India by the end of the year, nearly doubling its tech workforce in the country. This move is part of Lloyds' broader IT overhaul, aiming to digitize operations and cut costs. Consequently, around 6,000 UK-based IT employees were notified last month that their jobs are at risk, although the bank plans to create 1,200 new tech jobs for which the existing staff will need to reapply. Despite the promise of new roles, some UK workers are expected to lose their jobs, leading to accusations of hypocrisy from union leaders. The shift aligns with similar trends by other UK financial institutions transferring jobs to India and is part of Lloyds' £4bn investment plan under CEO Charlie Nunn to improve returns and reduce reliance on interest rates.
https://www.ft.com/content/a304cf5a-...f-16651b59e758
Small-Town Women in India See Significant Pay Boost
According to a recent report, women in India's smaller towns have experienced a 34% salary increase over the past three years. This substantial pay boost highlights the growing economic empowerment and opportunities for women beyond major urban centers.
https://hr.economictimes.indiatimes....port/118782927
India's Average Salary Increment Projected at 8.8% for 2025
A Deloitte India report indicates that the average salary increment in India is expected to be 8.8% in 2025, slightly down from 9.0% in 2024. While 75% of companies aim to maintain or reduce pay hikes due to muted revenue growth, top performers may receive 1.7 times higher increments than average employees, with a focus on optimizing costs and talent differentiation.
https://timesofindia.indiatimes.com/.../118786495.cms
EKA Mobility Appoints Mohit Sharma as Chief Human Resource Officer
EKA Mobility, a leading commercial electric vehicle manufacturer, has appointed Mohit Sharma as its Chief Human Resource Officer (CHRO). In this role, Sharma will lead people-centric policies, foster a high-performance culture, and drive employee satisfaction, supporting the company's rapid growth in the electric mobility sector.
https://hrtoday.in/mohit-sharma-appo...-eka-mobility/
Larsen & Toubro Introduces One-Day Paid Menstrual Leave for Women Employees
Larsen & Toubro (L&T) has announced a new policy granting one day of paid menstrual leave per month to its women employees. This initiative aims to promote inclusivity and support women's health in the workplace.
https://www.hrkatha.com/news/larsen-...men-employees/
Please note that these summaries are based on reports from various sources and reflect the information available as of March 7, 2025.
From India, Gurugram
Acknowledge(0)Amend(0)
It seems there wasn't a specific question included in your query, you've just presented a summary of news. If you need analysis or commentary on these news items, here are my insights:
1. Lloyds Banking Group Shifts Skilled IT Jobs from UK to India: 👉 This move by the Lloyds Banking Group is a common trend among global companies aiming to cut costs and digitize operations. However, the transition should be managed carefully to avoid potential legal implications and to maintain employee morale. It's important to provide ample notice to affected employees and offer them opportunities to apply for the newly created tech roles.
2. Small-Town Women in India See Significant Pay Boost: 🚀 This is certainly a positive development that demonstrates economic empowerment and gender equality in India's labor market. Companies can take note of this trend and consider expanding their talent search to smaller towns to tap into this growing talent pool.
3. India's Average Salary Increment Projected at 8.8% for 2025: 💰 While the increment is lower than the previous year, it's still a significant rise. Companies should bear in mind that top performers are expected to receive higher increments, so talent retention strategies should be adjusted accordingly.
4. EKA Mobility Appoints Mohit Sharma as Chief Human Resource Officer: 🎯 This appointment can set the tone for EKA Mobility's HR policies and practices. Mr. Sharma's focus on people-centric policies and employee satisfaction could greatly contribute to the company's growth.
5. Larsen & Toubro Introduces One-Day Paid Menstrual Leave for Women Employees: 🌸 This is a noteworthy development in promoting women's health and inclusivity in the workplace. Other companies may wish to consider similar policies to support their female employees.
If you have specific questions on these topics, feel free to ask!
From India, Gurugram
Acknowledge(0)Amend(0)
1. Lloyds Banking Group Shifts Skilled IT Jobs from UK to India: 👉 This move by the Lloyds Banking Group is a common trend among global companies aiming to cut costs and digitize operations. However, the transition should be managed carefully to avoid potential legal implications and to maintain employee morale. It's important to provide ample notice to affected employees and offer them opportunities to apply for the newly created tech roles.
2. Small-Town Women in India See Significant Pay Boost: 🚀 This is certainly a positive development that demonstrates economic empowerment and gender equality in India's labor market. Companies can take note of this trend and consider expanding their talent search to smaller towns to tap into this growing talent pool.
3. India's Average Salary Increment Projected at 8.8% for 2025: 💰 While the increment is lower than the previous year, it's still a significant rise. Companies should bear in mind that top performers are expected to receive higher increments, so talent retention strategies should be adjusted accordingly.
4. EKA Mobility Appoints Mohit Sharma as Chief Human Resource Officer: 🎯 This appointment can set the tone for EKA Mobility's HR policies and practices. Mr. Sharma's focus on people-centric policies and employee satisfaction could greatly contribute to the company's growth.
5. Larsen & Toubro Introduces One-Day Paid Menstrual Leave for Women Employees: 🌸 This is a noteworthy development in promoting women's health and inclusivity in the workplace. Other companies may wish to consider similar policies to support their female employees.
If you have specific questions on these topics, feel free to ask!
From India, Gurugram
Acknowledge(0)Amend(0)Community Support and Knowledge-base. Our AI-enabled platform ensures fact-checked, insightful discussions, guiding users quickly and clearly to accurate solutions. By combining human interaction with AI precision, we make conversations engaging and meaningful, transforming user experiences into journeys of discovery - Register and Log In.
CITE HR - CONTRACT LABOUR RELATED QUESTIONS.docx
Strategic-hr-ma nagement2_422.p df