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Permanent work from home an answer to many of India’s problems: Zerodha Office

Vipul Mali — Wed, 02 Jun 2021 11:53:51 +0000

Permanent work from home an answer to many of India’s problems: Zerodha Office-

Zerodha CEO Nitin Kamath said his firm Zerodha office is in the process of transitioning as many people as possible so that they can work from home permanently for permanent employment.

Nitin Kamath, the founder and CEO of stockbroking platform Zerodha, has pitched permanent work from home as a measure that will enable people to move out of larger cities and in turn serve as an “answer to many of India’s problems”. In a series of tweets on Saturday, Kamath said that he thinks the only long-term fix is for as many people as possible to move away from large cities and that now is the time to do so. “While we all work together to figure out what we can do to help in the current situation, I think the only long-term fix is for as many of us to move away from large cities. This is the answer to many of India’s problems of permanent employment. And now is probably the right time to work towards it,” Zerodha CEO wrote on the microblogging site on zerodha careers.

He added his firm Zerodha office is in the process of transitioning as many people as possible so that they can work from home permanently.

While we all work together to figure out what we can do to help in the current situation, I think the only long-term fix is for as many of us to move away from large cities. This is the answer to many of India’s problems. And now is probably the right time to work towards it. 1/5

— Nithin Kamath (@Nithin0dha) April 24, 2021

As India reels under the second wave of Covid-19 pandemic, many states have imposed restrictions to curb the spread of the disease and have advised offices, both government and private, to let employees work from home. Earlier this week, the government also reached out to top corporates to consider converting their vacant office buildings into temporary Covid care facilities, according to news agency PTI.

“Large cities are choking & will continue to break down every time we’re tested, COVID today, could be water shortages, pollution, floods, etc. Moving to smaller towns & villages will also create livelihoods there & reduce carbon footprint. Also a much better quality of life,” Kamath said in another tweet.

Large cities are choking & will continue to break down every time we’re tested, COVID today, could be water shortages, pollution, floods, etc. Moving to smaller towns & villages will also create livelihoods there & reduce carbon footprint. Also a much better quality of life. 2/5

— Nithin Kamath (@Nithin0dha) April 24, 2021

Many firms across the world have adopted the work from home norm with Facebook CEO Mark Zuckerberg saying the ability to hire engineers far from the social media giant’s main offices has opened up new pools of talent. Many employees will continue working remotely after the pandemic — at salaries more in line with their new locations, he was quoted as saying by news agency Bloomberg.

A study cited by Bloomberg has claimed that remote working makes people more productive. The work-from-home boom will lift productivity in the US economy by 5%, mostly because of savings in commuting time, the study says. The rapid adoption of new technology amid the pandemic will offer lasting economic gains, helping to boost sluggish productivity that has long weighed on global growth, the study suggests.

Goldman Sachs Group Inc chief executive officer David Solomon, however, termed the new arrangement “an aberration” that the investment bank will “correct as quickly as possible,” arguing that it’s especially crucial for new recruits to absorb the Wall Street culture, Bloomberg reported.

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‘Office of the Whistleblower’ needed to tackle retaliation

Vipul Mali — Thu, 23 Jul 2020 07:31:32 +0000

A group of MPs has called for the urgent establishment of an ‘Office of the Whistleblower’ to ensure the rights of those who make public interest disclosures are upheld and they are protected from discrimination.
Just 12% of whistleblowers whose cases go to preliminary hearing at employment tribunals in England and Wales are successful, and almost half of whistleblowing cases in 2018 took longer than two years to be heard, according to research conducted by the University of Greenwich for the All Party Parliamentary Group for Whistleblowing.
There is also a high sickness absence rate among whistleblowers, according to the ‘Making whistleblowing work for society’ report. In 2018, almost two in five reported going on sick leave after making a public interest disclosure, an increase of 15% since 2015.
Female whistleblowers were more likely to report health issues, less likely to have legal representation, and were less likely to win their claim for unfair dismissal even when an employment tribunal judge upheld their protected disclosures.
The researchers looked at 600 whistleblowing cases heard at tribunals between 2015 and 2018.
Mary Robinson, chair of the APPG for Whistleblowing, said it was time for “a root and branch reform of the legislation”, including the establishment of a body capable of tackling and challenging wrongdoing.
“This office will be tasked with the review of [the Public Interest Disclosure Act] and the development of legislation that addresses the substantive issues to ensure that protecting those who speak up and wrong-doing is addressed at the earliest opportunity.
“This body will also need to review international best practice and look to make best practice our practice. The APPG calls for new whistleblowing legislation with an Office of the Whistleblower as the bearer of its implementation.”
Georgina Halford-Hall, CEO of WhistleblowersUK, said the introduction of an Office of the Whistleblower with a statutory duty to focus on wrongdoing and protect workers from retaliation by employers was a “21st century necessity”.
She writes in her introduction to the report: “Existing legislation neglects the very reason that people speak up because it fails to address the issues. As a result, we have seen a constant stream of criminal behaviour, seemingly avoid scrutiny.
“In 2018 over 30% of allegations included a crime: fraud, price fixing, health and safety and child sexual abuse. This number increases year on year, possibly because public awareness has increased. However, there is no evidence that any of these cases have been referred to the Crown Prosecution Service. PIDA makes no allowance for the investigation of crimes.”
The report concludes that the employment tribunals system is “dominated by David v Goliath cases in which the employer has large skilled teams of legal advisors and the whistleblower is alone”.
It says: “The findings in this report highlight the need for improved access to justice for whistleblowers. It is necessary to reconsider the institutional embedding of whistleblowing legislation, more precisely how an independent Office of the Whistleblower could improve access to justice for all concerned including upholding the public interest, ensuring that wrongdoing is addressed.”
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Firms operating at half capacity and planning more redundancies

Vipul Mali — Thu, 23 Jul 2020 07:31:24 +0000

LinkedIn is among firms that have announced redundancies Worawee Meepian / Shutterstock.com
Most organisations are operating at half capacity and a third expect to make redundancies over the next three months.
This is according to the latest Coronavirus Business Impact Tracker from the British Chambers of Commerce and Indeed, which found limited customer demand (54%) and the possibility of future local lockdowns (52%), are the top two concerns preventing businesses from getting back to normal.
Some 13% of the 751 organisations polled had made redundancies since the beginning of the crisis, and 33% plan to over the coming months.
Within the past few days, LinkedIn has announced intentions to cut around 960 jobs worldwide following a fall in recruitment activity, while Marks & Spencer said it would look to make 950 people redundant.
Tesco has also announced plans to stop using contract cleaners in almost 2,000 Express and Metro stores, but it is not yet know what impact this will have on jobs at the third party cleaning firms it uses. Instead, staff at the stores will be responsible for tasks such as cleaning floors, windows, break rooms and toilets.
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Last week, Ted Baker said it planned to cut 500 jobs – around a quarter of its UK workforce – amid falling demand, while White Stuff reportedly made 390 staff across its head office and shop floor teams redundant.
BCC director general Adam Marshall said: “The time has come for the government to take radical steps to slash the tax burden around employment to help companies pay valued staff, rather than the revenue.
“A major boost to the Employment Allowance, and an increase in the threshold for employers’ National Insurance contributions, should both be in the chancellor’s sights if he wants to help viable companies save jobs as the furlough scheme comes to an end.”
Another survey from manufacturers’ representative body Make UK found 53% of firms in the sector were planning redundancies in the next six months.
A third of manufacturers plan to make between 11% and 25% of employees redundant and just under 8% expect to make redundancies that will affect between a quarter and half of their staff.
Make UK chief executive Stephen Phipson said: “There is no disguising the fact these redundancy plans make for very painful reading. As well as the distressing personal impact on livelihoods across the UK, industry cannot afford to lose these high value skills which will be essential to rebuilding our economy and investing in the industries of the future.
“At present, the prospect of a V shaped recovery for [the manufacturing] industry seems remote. Therefore, if we are to mitigate the worst impact of potential job losses government must extend the furlough scheme for key strategic sectors to provide them with vital breathing space.”
Jack Kennedy, an economist at Indeed, said the number of job postings on its site were down by 60% compared with before the Covid-19 outbreak and agreed the government needed to do more to stem job losses.
“The furlough scheme has been an important lifeline to millions of people but the fear is there will be a sudden rise in unemployment after that umbilical cord has been severed. With one third of companies planning redundancies over the next three months, we will likely see a scramble for available roles as the labour market becomes heavily supplied with people looking for work,” he said.

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