REWARDS AND RECOGNITION
Employee engagement platform AdvantageClub AI raises $4 million
AdvantageClub.ai, founded in 2016 by Sourabh and Smiti Bhatt Deorah, provides a unified platform for rewards and recognition, wellness solutions, sales incentive automation, flexible benefits, surveys, and more. The platform has more than 5.5 million users across 100 countries. Among its nearly 1,000 clients are Concentrix, BCG, Tech Mahindra, HCL, L&T, Biocon, Tata Steel and Air India.
Recognition is not just a HR function, but a strategic tool: Partha Neog, CEO and Co-founder of Vantage Circle
Vantage Circle emphasises the importance of recognition over traditional rewards in workplace culture. At the SHRM India Annual Conference, leaders discuss how meaningful recognition fosters employee motivation, loyalty, and behavioural alignment with organisational goals, leading to sustainable success and long-term growth.
Jamshedpur mourns demise of Ratan Tata who brought global recognition to a backward region
Jamshedpur and Jharkhand are mourning the loss of Ratan Tata. Ratan Tata significantly shaped the region through his leadership of Tata Steel. People are paying homage to him. His contributions include infrastructural developments and transforming the Tata Group's global status. The state has declared a day's mourning in his honor.
Pakistan gives hockey players just Rs 8,000 reward for winning bronze medal at Asian Champions Trophy
The Pakistan hockey team, which won a bronze medal at the Asian Champions Trophy, will receive a reward of USD 100 each. The Pakistan Hockey Federation announced this to acknowledge and encourage the team's performance. Additionally, injured player Abu Bakr Mahmood will get full support, and the medal is dedicated to Ghazanfar Ali's late father.
ET Startup Awards 2024: Jury members to reward original ideas, tomorrow's heroes
A high-powered jury led by Infosys cofounder and chairman Nandan Nilekani will meet on September 11 to pick the winners of the 10th edition of The Economic Times Startup Awards (ETSA) 2024, India¡¯s most coveted recognition for entrepreneurial excellence.
RIL bonus issue: A look at how conglomerate has rewarded shareholders over the years
Reliance Industries Ltd will consider issuing 1:1 bonus shares to investors on September 5. This move recognizes the company's robust growth over recent years. Historically, the company has issued bonus shares five times since 1980. Analysts believe this will enhance liquidity and expand the investor base.
- Go To Page 1
Olympic gold medalist Arshad Nadeem could not afford a flight? Pak PM Shehbaz Sharif's 'outdated' prize money draws criticism
Former Pakistan cricketer Danish Kaneria criticized Prime Minister Shehbaz Sharif for sharing an outdated photo to congratulate Arshad Nadeem on his historic gold medal win at the Paris 2024 Olympics. Kaneria called the Rs1 million prize money an "insult," arguing it wouldn't even cover Nadeem's basic travel expenses. The criticism has sparked a discussion on whether Pakistan is adequately recognizing its sports heroes.
To keep younger employees happy, India Inc companies are perfecting a new reward playbook
Companies such as Epsilon India, Roche Information Solutions India, Merck India, Thryve Digital, and Allstate India are leading this change, integrating innovative methods to engage and motivate younger employees.
French Olympians to be taxed for Olympic rewards, veterans claim decision as 'scandal', here's what we know
French Olympic veteran David Douillet has criticized the French government for taxing French athletes for their bonus rewards, calling this decision as unjust and a 'scandal'. Here's some more information about this latest development around the Paris Olympics 2024 controversy.
LPU announces Rs 25 lakh cash reward for Vinesh Phogat despite disqualification
Lovely Professional University, LPU, has announced a Rs 25 lakh reward for Vinesh Phogat, despite her disqualification from the Paris Olympics due to a 100-gram weight issue. LPU had pledged this reward to silver medalists, and Dr. Ashok Kumar Mittal reaffirmed their support, stating that Phogat's achievements still warrant recognition.
India Inc's high-flyers in for a travel treat; overseas tour, meet-ups with celebs among unique rewards
Corporates across sectors such as banking, auto and insurance have loosened their purse strings for top performers, partners and distributors this season and are rewarding them with unique travel experiences, luxury watches and bags as well as catch-ups with Bollywood celebrities and other rewards. Travel, including trips with families, figures high on the rewards and incentives list.
EU, Israel in war of words as ties nosedive ahead of Spain, Ireland recognising Palestinian state
Angry words abounded Monday, with Katz accusing Spain of "rewarding terror" by recognising a Palestinian state, and saying that "the days of the Inquisition are over". He referred to the infamous Spanish institution started in the 15th century to maintain Roman Catholic orthodoxy that forced Jews and Muslims to flee, convert to Catholicism or, in some instances, face death.
BCCI's Jay Shah announces Rs 25 lakh IPL award, but it's not for Kohli, Starc, or other star players
BCCI secretary Jay Shah announced rewards for IPL groundsmen and curators: Rs 25 lakhs each for the 10 regular venues and Rs 10 lakhs each for the three additional venues. Shah praised them as "unsung heroes" for maintaining high-quality pitches despite tough conditions. This recognition follows similar rewards Shah has given in past cricket tournaments.
Far right Israeli minister slams European trio's recognition of Palestine
Israel's far-right national security minister visited the Temple Mount in east Jerusalem, criticizing European countries for recognizing Palestinian statehood at the Al-Aqsa mosque compound.
Israel furious as Ireland, Norway, Spain recognise Palestinian state
Israel reacted with fury as Ireland, Norway, and Spain announced plans to recognise Palestine. the move prompted praise from Arab and Muslim nations. Israel accused the countries of "rewarding terrorism." Most Western nations support for a Palestinian statehood, but issues remain. The move was seen as a symbolic step in favour of Palestine.
Spain, Ireland and Norway will recognise a Palestinian state on May 28. Why does that matter?
Spain, Ireland, and Norway announced on Wednesday their intention to recognize a Palestinian state on May 28, responding to international outcry over the civilian casualties and humanitarian crisis in Gaza. This move may encourage other EU nations to follow suit, potentially leading to further steps at the United Nations and increasing pressure on Israel. The recognition of a Palestinian state is seen as a crucial step towards resolving the long-standing conflict in the Middle East, with implications for peace negotiations and the broader international community. Israel has reacted negatively to the recognition, viewing it as a setback to the negotiation process and a reward for Hamas.
Palestine: Ireland, Spain and Norway recognize the state as countries push for Israel-Hamas war solution
The leaders of Ireland, Spain, and Norway announced their countries' recognition of Palestine as a state, intending to support a two-state solution and push for peace in the Israeli-Palestinian conflict. Israel's reaction was negative, warning of potential consequences. This move aligns with several European countries considering similar recognition.
Israel says it's recalling ambassadors from Ireland and Norway over Palestinian state recognition
Israel's Foreign Minister Israel Katz recalls ambassadors from Norway and Ireland as they plan to recognize a Palestinian state, potentially impacting hostage negotiations with Hamas and Iran. Norwegian Prime Minister Jonas Gahr Store supports recognition, echoing EU countries' push for a two-state solution post-Oslo agreement.
Can we rid artificial intelligence of bias?
Artificial intelligence built on mountains of potentially biased information has created a real risk of automating discrimination, but is there any way to re-educate the machines? The huge models on which ChatGPT is built "can't reason about what is biased or what isn't so they can't do anything about it," cautioned Jayden Ziegler, head of product at Alembic Technologies.
Early career promotion sounds juicy but learn how to digest it first
Young professionals are no longer waiting years for promotions, instead stepping up early in their careers. Early promotions offer skill development, confidence, and career advancement. Employers value leadership potential, problem-solving skills, adaptability, and market awareness. Challenges include workplace biases and maintaining work-life balance. Strategies for success include showcasing achievements, improving skills, taking risks, and building relationships.
Midcap cos: An independent board will be rewarded by market
The CEOs in India are actively involved in recruiting outsiders as independent directors. Hence, if an independent director's vintage is shorter than that of CEO in the company that may also sometimes dilute their independence. The true independence of directors lies in their ability to make strategic decisions that are independent of their management.
Innovative cafe in Ambikapur rewards ragpickers who collect plastic with meals
To tackle the plastic waste disposal and inadequate funding for public facilities in Ambikapur, Chattisgarh, municipal officials established a unique cafe where ragpickers and underprivileged individuals could exchange collected plastic waste for food. The collected plastic waste is recycled and extensively used in road construction.
Incentive trips back on corporate rewards list
Travel companies said firms in sectors such as consumer, auto and financial services are back to splurging on travel incentive trips for employees, after a three-year gap caused due to pandemic-led disruptions.
Pine Labs acquires Saluto Wellness to bolster its rewards management play
The acquisition will allow Pine Labs to provide corporate enterprises and brand partners with reward workflow management capabilities for their customers, supply chain vendors and channel partners.
Startups to reward and retain top performers despite crunch
Startups set to offer Esops, bonuses, trips and faster career progression tracks.
Certificates are passe: Companies are designing rewards to be relevant and comprehensive
Top execs at Titan, Tech Mahindra, RPG Group, AB InBev, Accentiv, upGrad, Being Human Clothing, Runaya Group (sister company of Vedanta) and Tata Projects said spot recognition and wellness and experience-based offerings are some of the other measures their companies have included as part of their staff retention strategy.
Online portal for sports schemes, rewards, benefits launched
"If an athlete had to seek for rewards and recognition from the government after a good performance, they had to go via the federation or SAI earlier, then it went through scrutiny and it took almost a year or two for these athletes to get their dues," Sports Minister Anurag Thakur said during the launch.
Kitchen treats like ghee solids & chicken liver need well-deserved recognition, they belong on the dining table
Cook¡¯s perk or kitchen treats are titbit relished in the kitchen itself because it¡¯s too odd.
upGrad rewards 600 employees with ESOP grants
This announcement was accompanied by the introduction of flexible paid time-off/leave policy and a spate of work-friendly policies for its 2500 team members.
Load More
