By: Sharanya Ranga and Riya Dutta
As the jargon goes, we are now living in a VUCA (volatility, uncertainty, complexity and ambiguity) world. The spate of layoffs hitting the corporate India during the past few months has not shown any sign of letting up. And the country’s 7 per cent GDP growth in the October-December quarter in 2016 stands in stark contrast with sluggish job creation and record unemployment figures. Layoffs and trimming down the workforce have been a common thread cutting across conglomerates such as Larsen & Toubro, multinational tech companies such as IBM, Microsoft and Nokia, and not even sparing our homegrown e-commerce start-ups such as Snapdeal and Flipkart. The struggle to adapt to the ever-changing business environment and technological disruptions is on and layoffs have become a fairly common tool, affecting white-collar, blue-collar and pink-collar (service sector) workers as businesses streamline their workforce and embrace automation to stay competitive.
By Laxmi Joshi and Aditi Rani
While Yahoo CEO Marissa Mayer managed to return to full time work barely two weeks after giving birth to her first child, for most women returning to work post child birth is a big challenge. In fact, maternity and child care is one of the biggest factors for attrition in the women labor force. As per a study conducted by the McKinsey Global Institute, India can boost its GDP by USD 700 billion in 2025 simply by
By: Sharanya Ranga and Mansi Singh
Foreign nationals were brought under the purview of the Employees Provident Funds and Miscellaneous Provisions Act, 1952 (“EPF Act”) in October 2008. The EPF Act is the law governing social security in India. Originally, the EPF Act was applicable only to Indian workers. The Government of India in 2008 broadened the scope of the Act to include within its purview specific category of Indian employees working outside India and non-Indian employees working for an establishment in India.
Applicability of the EPF Act to International Workers
A new category of “International Worker” (“IW”) has been introduced under the EPF Act in 2008 and every IW employed with an establishment in India to whom the EPF Act applies is required to become a member of the Provident Fund (“PF”)