HRM Awards

Fashion and lifestyle e-commerce platform Myntra has created over 20,000 employment opportunities through its partners for the 22nd edition of its flagship End Of Reason Sale (EORS), scheduled from May 31. These additional roles will support logistics, customer service, and last-mile operations. This additional workforce in the warehouse includes 22% women, fulfilling roles such as sorting, grading, and packing across the fulfillment centers in Bengaluru, Mumbai, Kolkata and Delhi. Reflecting geo-diversity, the additional workforce has representation from various parts of India, including states like Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Jharkhand, Mizoram, Odisha, Tripura, West Bengal, Himachal Pradesh, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand. Of the 20,000 people, ~4500 delivery partners and ~1000 customer champions have been added in the last mile operations and contact center in the last mile operations and contact center, respectively. Backed by a robust suppl...

  The exterior of the U.S. Department of Labor is seen Aug. 15, 2006, in Washington, D.C. The department noted that while the new guidance specifically references cryptocurrency, the same considerations should be made regarding other digital assets like tokens, coins or crypto assets Dive Brief:The U.S. Department of Labor’s Employee Benefits Security Administration on Wednesday rescinded a Biden-era warning that cautioned 401(k) plan fiduciaries against offering cryptocurrency options. The 2022 guidance urged fiduciaries to exercise “extreme care” before adding cryptocurrency to their investment menus. The guidance’s language “deviated from the requirements of the Employee Retirement Income Security Act and marked a departure from the department’s historically neutral, principled-based approach to fiduciary investment decisions,” DOL said in a news release. DOL said its decision to rescind the guidance “reaffirms its neutral stance” on whether fiduciaries include cryptocurrency in...

In 2023, IBM made global headlines for laying off around 8,000 employees—most from its human resources division—as it rolled out a proprietary AI platform, AskHR, designed to automate repetitive administrative functions. Yet, instead of shrinking its overall workforce, IBM ended up hiring just as many people again, this time in areas far removed from traditional HR. The transformation, as detailed in a recent interview with CEO Arvind Krishna in The Wall Street Journal, reveals a strategic workforce pivot: replace routine jobs with automation, and reinvest in roles that require human creativity, problem-solving, and customer engagement. AskHR was engineered to streamline processes like vacation requests, payroll management, and employee documentation. The AI system now handles approximately 94% of these tasks and logged over 11.5 million interactions in 2024 alone. The impact was not only functional—IBM reported a significant customer satisfaction boost, with its net promoter score cl...

  The Delhi government received boost for its sewer connection initiative. The Centre approved Rs 800 crore in financial assistance under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme 2.0. This funding is very important for providing sewer connections in slums and unauthorised colonies. The approval came during a meeting between the Delhi Jal Board (DJB) officials and the apex committee responsible for implementing the AMRUT scheme. About AMRUT 2.0Launched on: 1st October 2021. Duration: 5 years – from 2021-22 to 2025-26 Main Objectives:Water Supply: Ensure 100% water supply coverage in about 4,900 towns (expanded from 500 cities in AMRUT 1.0). Sewerage/Septage Management: Cover 500 cities that were part of AMRUT 1.0 with modern sewage treatment and septage systems. Circular Water Economy:Promote reuse of treated water, conserve water, and revive water bodies. Cities must prepare a City Water Balance Plan (CWBP) for better water management. Reforms &...

  Workday, a leading human capital management firm, has announced plans to lay off approximately 1,750 employees, representing about 8.5% of its global workforce. This decision is part of a strategic shift to prioritize artificial intelligence (AI) and streamline operations. 📉 Restructuring Details: The restructuring is expected to incur costs between $230 million and $270 million, primarily for severance payments and related expenses. Affected employees in the U.S. will receive a minimum of 12 weeks' severance pay, with additional compensation based on tenure. Workday has also pledged to provide career services, immigration support, and extended stock vesting options to those impacted   📊 Financial Performance: Despite the workforce reduction, Workday reported strong financial results, with a 13.4% year-over-year increase in subscription revenue to $2.06 billion. Analysts maintain a positive outlook, with 77% of them rating the stock as a "Buy" or equivalent . This mov...