There were big news items on the job front. The UK-based banking company, RBS, has decided to slash 160 jobs in the UK and move them to India. The government has also announced its plans to increase the employability of youth in India. The government plans to skill 4.5 crore youths by 2022. Another key news in the IR sector was of Toyota moving to an incentive based system for its factory workers. It is a significant move from the company and the move is targeted at attracting and retaining young workers.
ITC is grooming Sanjiv Puri for the Chairman role after YC Deveshwar’s tenure superannuates next year. O&M India has appointed a CEO, Kunal Jeswani. The company was without a CEO for six years. In addition, Paul Smith was appointed as the CEO of CFA Institute. Besides that, Anshumal Dikshit has joined AG India as the Head of HR.
In the area of engagement, Indian corporations are doling out higher paternity benefits. They include higher incentives and longer paternity leaves. Some prominent national and multi-national companies are spearheading this trend.