logo
Bad news for employees of this company as it introduces mandatory 10-hour workdays in India; not Narayana Murthy's Infosys, L&T, Ratan Tata's TCS, the company is…

Bad news for employees of this company as it introduces mandatory 10-hour workdays in India; not Narayana Murthy's Infosys, L&T, Ratan Tata's TCS, the company is…

India.com3 days ago

Representational Image/AI-generated.
Amid the heated debate over work-life balance, Genpact– a US-based IT, outsourcing, and consulting services firm– has introduced mandatory 10-workdays in some of its Indian offices such as Hyderabad, triggering backlash from employees, who have expressed their dissatisfaction with the decision, stating that the increased workhours have resulted in low-morale due to fatigue and more pressure.
According to details, Genpact is using an internal dashboard to track 'active hours' of employees, sparking backlash for threatening the well-being of its workers, while not offering much in return. Many Genpact employees have taken to platform like Reddit and Fishbowl to voice their grievances, arguing that while longer are technically legal under Indian labor laws, they are not in sync with flexible work models that have become a norm globally, especially after the pandemic.
'The expectation of logging 10 active hours each day is not only unrealistic for many roles, but it also signals a complete disregard for personal time.The Rs 3,000 incentive hardly covers the cost of our additional mental and physical effort,' reads a Genpact employee's Reddit post.
Genpact's internal productivity monitoring system, which is used by managers to track time spent on tasks, has also come under fire, with employees alleging that the system flags even minor deviations as 'behavioural issues', which has created an atmosphere of fear and hyper-surveillance among the workers.
As per reports, workers who comply with the company's new 10-hour workday rule are being offered a monthly incentive of Rs 3,000, which comes to roughly Rs 150/day, a paltry amount that employees have termed symbolic, and even insulting, rather than compensatory. 'For an extra hour of work every day, we are being offered less than what some people spend on coffee,' wrote a Genpact worker on Fishbowl.
Meanwhile, Genpact has not issued an official statement about its new workhours policy or addressed the backlash arising from it.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India is fast becoming a global hub of agri education: Ex-ICAR Dy D-G
India is fast becoming a global hub of agri education: Ex-ICAR Dy D-G

Hans India

time26 minutes ago

  • Hans India

India is fast becoming a global hub of agri education: Ex-ICAR Dy D-G

Dr R C Agrawal, former Deputy Director General of the Indian Council of Agricultural Research (ICAR), highlighted that Indian agricultural education is becoming a global hub, with continually rising standards. He urged students to recognize the importance of agricultural education in achieving the goals of Viksit Bharat and Atmanirbhar Bharat. He noted that the world is now looking to Indian agricultural education and encouraged students to embrace innovation. Speaking as the chief guest at the 'Workshop on Agricultural Education and Opportunities' held at the Horticulture College in Rajendranagar, he highlighted the crucial role that agro-based start-up industries play in India's ambition to become a 5 trillion USD economic powerhouse. Dr. Agrawal also pointed out that the application of Artificial Intelligence is expected to drive a rural revolution in the future, improving farmers' income sources. He predicted that by 2029, opportunities in this sector would reach a value of 6.58 billion USD, with a compound annual growth rate (CAGR) of 24.8 percent. forecasted that by 2040, there will be 1.77 million job opportunities in agriculture, with an annual increase of over 8 percent. Dr Danda Rajireddy, Vice Chancellor of Sri Konda Laxman Telangana Horticultural University (SKLTHU), stated that universities are being equipped with the necessary infrastructure, thanks to support from the Indian Council of Agricultural Research and the state government. He affirmed that the standards of Indian agricultural education are now competitive globally.

Net direct tax collection dips 1.39% to Rs 4.59 trillion in Apr-Jun
Net direct tax collection dips 1.39% to Rs 4.59 trillion in Apr-Jun

Business Standard

time30 minutes ago

  • Business Standard

Net direct tax collection dips 1.39% to Rs 4.59 trillion in Apr-Jun

Net direct tax collection so far this fiscal stood at Rs 4.59 trillion, 1.39 per cent lower compared to the mop-up during the corresponding period of last fiscal, as advance tax collections slowed, government data released on Sunday showed. Advance tax collection during April 1-June 19, 2025 grew a meagre 3.87 per cent to Rs 1.56 trillion. In the comparable period in 2024, advance tax collection had recorded an annual growth of 27 per cent. During April 1-June 19, 2025, corporate tax collection witnessed a slowdown at about Rs 1.73 trillion, a decline of over 5 per cent year on year. Non-corporate tax collections, which include mainly personal income tax, however, recorded a slight increase of 0.7 per cent to Rs 2.73 trillion. Securities Transaction Tax (STT) grew 12 per cent to Rs 13,013 crore during the period. Overall, the net direct tax collection kitty stood at about Rs 4.59 trillion during April 1-June 19, 2025, registering a 1.39 per cent dip from Rs 4.65 trillion collected in the corresponding period in 2024. Refund issuances increased by 58 per cent so far this fiscal to Rs 86,385 crore. Gross direct tax collection stood at Rs 5.45 trillion so far this fiscal, logging a growth of 4.86 per cent from the year-ago period. Advance tax collection in corporate tax saw a growth of 5.86 per cent to Rs 1.22 trillion, while non-corporate tax collection dropped 2.68 per cent to Rs 33,928 crore. Overall, advance tax collection grew 3.87 per cent to Rs 1.55 trillion during April 1-June 19, 2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

$1 bn and counting! Fractional Real Estate booms as NRIs, millennials seek smarter investments
$1 bn and counting! Fractional Real Estate booms as NRIs, millennials seek smarter investments

Economic Times

time31 minutes ago

  • Economic Times

$1 bn and counting! Fractional Real Estate booms as NRIs, millennials seek smarter investments

As India's real estate landscape continues to evolve with the rise of digital platforms, the fractional ownership model is gaining significant traction among retail investors, NRIs, and HNIs. ADVERTISEMENT The combination of professional asset management, improved accessibility, and attractive yields is pushing this niche segment into the mainstream. According to Manisheel Gautam, Chief Marketing Officer at Alt DRX, the fractional real estate market in India is currently valued at approximately $1 billion. 'While overall real estate deployment in India stands at around $100 billion annually, the digital real estate segment is still in its infancy. We're seeing a 30–40% year-on-year growth as accessibility for retail investors improves,' he United States, by comparison, is much further along in the journey. 'Top players in the U.S. have deployed over $4 billion each in tokenized and fractional real estate, showing what's possible when the model scales,' Gautam added. ADVERTISEMENT Aditi Watve, President - Investment Sales & REIT Advisory at ANAROCK Group, estimates the Indian fractional real estate market was worth INR 4,000 crore just two years an annual growth rate of 25–30%, she believes it could exceed INR 41,500 crore within the next five years—provided the regulatory environment evolves to support this growth. Globally, the sector is set to reach a staggering market value of USD 4.8 trillion this year, growing at an annual rate of 26%. ADVERTISEMENT Watve pointed out that the demand is primarily being driven by retail investors, HNIs, tech-savvy millennials, and non-resident Indians (NRIs). 'Investors are looking for exposure to premium commercial properties in cities like Mumbai, Bengaluru, Delhi-NCR, Hyderabad, and Pune. Fractional ownership offers them access to high-value assets without large capital outlays,' she in particular, are finding the model attractive due to India's robust rental yields and the potential for capital appreciation. 'They're increasingly using digital platforms that not only enable seamless investing but also handle property selection, due diligence, and ongoing asset management,' she added. ADVERTISEMENT Geographically, the trend is most prominent in the South and West of India. Gautam noted that 'Goa, Karnataka, Tamil Nadu, Telangana, and Maharashtra are leading the way in fractional real estate activity. Tier-1 cities and warehousing hubs in these regions have become the focal points.'The surge in warehousing demand, driven by India's e-commerce boom and infrastructure growth, is also spilling over into the fractional space, creating opportunities for both retail and institutional investors. ADVERTISEMENT With rising awareness, improving digital infrastructure, and evolving investment preferences, India's fractional real estate market is on the cusp of rapid expansion. As Watve summarised, 'With the right regulatory clarity and continued investor interest, this model has the potential to redefine property ownership in India—making it more inclusive, liquid, and technology-driven.' (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store