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81% Indian employers sensitised their workforce on mental well-being

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TimesJobs_Survey_-_Employee_Wellbeing_in_COVID19

TimesJobs Survey – Employee Wellbeing in COVID19

  • In a TimesJobs survey, 59% HR managers said that they had set up a crisis management team to address employees’ well-being issues effectively
  • A majority (35%) of HR managers claimed to have introduced policies such as one-on-one counselling, staff mentoring, virtual mindfulness workshops, etc to help employees cope up with anxiety amid COVID-19
  • Around 50% of HR managers said that their employees reported facing stress or unease during the COVID-19 lockdown

A majority (81%) of India Inc. employers sensitised their workforce on mental and emotional well-being to help them cope up with COVID-19 induced anxiety, reveals a new survey done by TimesJobs. Around 25% of HR managers said that 30-40% of their employees were availing the well-being measures introduced by their respective organisations.

TimesJobs survey titled ‘Employee well-being amid COVID-19’ captured the sentiments of 834 HR managers. The survey highlights how companies are addressing the agenda of employees’ mental and emotional well-being owing to COVID-19 work from home situation.

The key trends in the employee well-being space amid COVID-19 lockdown:

– A majority (31%) of HR managers said that their employee well-being programs were ‘effective’ as compared to other industry players

– The HR managers working across diverse industry verticals rated their employee well-being program ‘5’ on the scale of 1-10

– As many as 59% of HR managers plan to set up a crisis management team to address employees’ well-being issues effectively

“The COVID-19 pandemic introduced the remote work ecosystem en-mass, which was new to many in the workforce. Employers around the world are concerned about the well-being challenges presented by the COVID-19 situation. In such extraordinary times, organisations must keep a tab on what their employees are going through mentally and emotionally. The current pandemic situation has led to faster adoption of #WorkFromHome culture among employees and employers. This change, that has come in the last six months, would have taken 15 years without the COVID situation,” said Sanjay Goyal, Business Head, TimesJobs and TechGig.

Other notable insights from this survey were –

Staff mentoring, virtual mindfulness workshops helping companies to ensure employee well-being amid lockdown
Around 35% of professionals stated that they had introduced policies such as one on one counselling, staff mentoring, etc. Next 29% of respondents said that they had started free health and fitness consultation for employees to tackle the current lockdown. While 20% of them said that to help their workforce, they have implemented virtual mindfulness workshops as a part of their employee well-being programs.

Designing customised benefits for workforce was one of the top challenges for HR leaders
When asked about their biggest challenge, a majority (38%) of the HR managers acknowledged failing to cater to maximum issues faced by employees. As many as 22% of the respondents said that designing customised benefits for employees amid lockdown was their primary challenge. While 20% of the HR managers said that meeting the employees’ expectation in these uncertain times was their biggest roadblock.

More findings @ https://content.timesjobs.com/photo/77224288.cms

Disclaimer: Content Produced by TimesJobs

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ESIC: Govt may retrospectively relax conditions for unemployment benefits under Employees’ State Insurance

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The labour ministry has proposed to provide 50 per cent average per day earnings of the subscriber during four contributory periods in the past two years for 90 days of unemployment, as against 25 per cent provided earlier.

Synopsis

The labour ministry has moved a proposal to amend the conditions under the Atal Beemit Vyakti Kalyan Yojana from March, when the government imposed a nationwide lockdown, which will be taken up by the Employees’ State Insurance Corporation (ESIC) board on Thursday.

New Delhi: The government is likely to retrospectively relax conditions for unemployment benefits under the Employees’ State Insurance, which saw zero contribution from eight million subscribers in April and May.The labour ministry has moved a proposal to amend the conditions under the Atal Beemit Vyakti Kalyan Yojana from March, when the government imposed a nationwide lockdown, which will be taken up by the Employees’ State Insurance

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EPFO records 6.55 lakh net new enrolments in June from 1.72 lakh during May 2020

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NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) saw a robust rebound in net new subscribers with addition of 655,000 subscribers in June as industries and services resumed operations after two months of lockdown. Barely 20,000 and 172,000 subscribers were added to the EPFO in April and May respectively, resulting in net additions of about 847,000 in the first quarter of this financial year.

“The month of June has seen speedy recovery with addition of 6.55 lakh net subscribers registering a remarkable 280% month on month growth,” the EPFO said in a statement on Thursday. “The subscriber base growth is on account of increased number of new subscribers, lower exits and higher rejoining by exited members.”

New subscribers increased about 64% to 498,000 in June from 303,000 in May while exits from EPFO subscriber base declined nearly 33% to 296,000 in June from 445,000 in May. The EPFO saw net addition of 1.2 million subscribers in June this year while 2019-20 saw one million new subscribers on average every month.

EPFO

Even the number of members who exited and then rejoined increased 44% in June from May, with more subscribers choosing to retain membership by transferring funds rather than opting for final settlement, said the EPFO. The data comprises all the new members who joined during the month and whose contribution was received.

The EPFO payroll data showed the enrolment of female workers went up to 106,059 in June from 37,085 in April in absolute terms, even though the overall female participation in the workforce remained low.

However, the highest jump in formal employment creation was in the expert service category which predominantly consist of manpower agencies, private security agencies and small contractors.

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Hike to spend up to Rs 40,000 per employee to facilitate work from home throughout 2020

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New Delhi: Mobile messaging platform Hike on Thursday said all its employees will work from home throughout this year and the company will spend up to Rs 40,000 per staffer to help them create a comfortable workspace at their home.

The company, however, has kept its office open for employees who want to access special technologies available within the premise for their work, it said.

Prioritising employee safety and well-being amid the COVID-19 pandemic, the company said it has adopted “remote-first approach for the rest of 2020.”

Backed by global investors including SoftBank, Tiger Global, Tencent, Foxconn and Bharti Enterprises, Hike has over 160 employees at present.

The company, in a statement, said that “valuing employee wellbeing over everything else, Hike’s move to a remote-first culture would make working remotely their default modus operandi.”

However, for those looking to come to the office, it will remain an option with strict guidelines to ensure social distancing and sanitation.

Hike has that it will spend up to Rs 40,000 per employee to help them create a workspace at home.

“Hike would be delivering an ergonomic office chair and a brand new compact office table to its employees residing in Delhi NCR.

“For employees presently outside of Delhi NCR Hike has announced a reimbursement of up to Rs 10,000 for the purchase of their own chair and table to set up their workstation at home,” the statement said.

Hike would also be supporting its employees for any internet and IT accessories requirement.

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