Latest news with #Genpact
Time of India
12 hours ago
- Business
- Time of India
'Genpact's your soulmate now': Social media reacts as IT major allegedly ups working hours to 10
Genpact faces employee opposition after increasing daily work hours to ten. Employees express concerns about work-life balance and productivity monitoring. The new policy, scheduled for mid-June, creates tension at the Hyderabad offices. Employees fear increased work pressure and rising attrition. HR experts suggest a post-pandemic shift in corporate strategy. Tired of too many ads? Remove Ads How people reacted? Tired of too many ads? Remove Ads Genpact's recent decision to increase daily work hours to ten has sparked criticism from both employees and HR experts, who argue that the move goes against progressive workplace practices. Employees have taken to social media to voice their concerns, citing fears over increased productivity monitoring and a negative impact on work-life change, communicated internally around 20 days ago, is set to be implemented by mid-June. According to The Hindi, the announcement has created unease among staff, particularly at the company's Hyderabad offices, where tensions are reportedly high.A number of employees have taken to social media to slam the the new system, the employees explained, 'productivity' will be monitored through an internal portal that tracks daily active hours.'If I clock the allotted time, I earn 500 points per month, which is worth ₹3,000. We have been told that 5% of it, which is ₹150 in my case, will be paid for the additional time. It hardly feels like an incentive.'"Wow @Genpact really said, "Forget a life outside work!" With 70% of employees earning under 10Lakh/year, they've now blessed you with a 10-hour workday. Add Bangalore's 3-4 hour traffic jam, and poof—14 hours of your day gone! Marriage? Kids? Nah, Genpact's your soulmate now," said a user on employee also noted that the 10-hour policy isn't even official, but is passed through managers and agents, reported ETHR.'This is absolutely pathetic and the company increased working hours to 10, without increasing salary,' wrote one Reddit user.'Not just that, you have to complete 'WAM' that basically is an abusive tool which logs keystrokes. You have to maintain 9 hrs of those out of 10 now, or you get warning mails. 3-4 of such emails and they deduct your bonus and kill appraisals (sic),' the user Siddaramaiah-led Karnataka government has allegedly moved to extend daily working hours in certain sectors, including IT, from 10 hours to 12 hours, a move met with resistance from several trade per Section 7 of the Karnataka Shops and Commercial Establishments Act, 1961, the working hours per day cannot exceed nine hours and the maximum hours of overtime cannot exceed 10 hours. The Act also puts an upper limit of 50 hours on overtime (OT) work for three months. Through the proposed changes, the government seeks to extend the maximum working hours to 10 hours a day and the maximum overtime to 12 hours a day. It also seeks to increase the overtime limit from 50 to 144 hours in three months, according to a Deccan Herald report.
India Today
a day ago
- Business
- India Today
Genpact tells employees to do 10 hours shift daily, will track their active hours with internal tools
Amid the ongoing debate between work-life balance and work hours, another controversial decision has come up. Genpact, a leading player in the technology and services sector, is facing sharp criticism from employees and HR experts following the introduction of a controversial new policy that increases the standard workday to ten hours. Implemented mid-June. The newly introduced policy mandates extended working hours without any corresponding rise in base salary, a move that many argue is both unfair and this revised system, employee productivity is tracked through an internal portal that monitors daily active hours. Workers who meet the required hours can earn up to 500 points monthly, which translates to Rs 3,000 in incentives. However, only a marginal 5 per cent bonus, roughly Rs 150, is paid for any additional time logged, leaving many questioning the value of the reward, according to the reports. The rollout of this policy has triggered widespread unrest among Genpact's workforce, particularly in its Hyderabad office, where the mood has been described as 'tense' and morale is visibly low. What has further aggravated the situation is the way the policy has been introduced — not through any official HR communication, but informally passed on by managers and team leads. Several employees have voiced concerns about the lack of transparency. 'There's nothing on paper. It's all word of mouth. If anyone challenges it, they're accused of being difficult and risk termination,' said a senior staff member involved in recruitment, the Hindu reported. advertisement Frustration has spilled over onto social media platforms, where current employees are calling out the company's practices. One LinkedIn user, who claimed work with Genpact, raises concerns. He says that mandating 10-hour login "can lead to burnout, productivity, reduced creativity and disengagement." As internal pressure mounts and online criticism grows, Genpact's leadership may soon have to reckon with the consequences of a policy that many feel pushes the boundaries of fairness in the this is not the first time a company has emphasised working extra hours. One of the key comments came from Infosys co-founder Narayana Murthy, who said that one should work 70 hours a week. Last year, he also stated that he does not believe in work-life balance. As toxic as it may sound, he stayed firm on his statement even when trying to defend it. He said, "My view has always been that those of us in India who have received so much benefit from the country, from the taxpayer, have an enormous responsibility to work very, very hard to bring a chance for the betterment of life for the poorer sections of the society. Therefore, I don't regret it." But he is not the only one believing the same. Earlier this year, L&T Chairman SN Subrahmanyan suggested that employees should work even on Sundays. "What do you do sitting at home? How long can you stare at your wife?' he asked, jokingly urging people to 'get to the office.' The offhand comment turned into a full-blown and still ongoing debate on whether the 9-to-5 routine should be stretched and what it would mean for work-life balance.
India.com
2 days ago
- Business
- India.com
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…
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 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.
Time of India
3 days ago
- Business
- Time of India
Genpact's controversial 10-hour workday policy sparks employee backlash and concerns, ETHRWorld
Advt Advt By , ETHRWorld Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHRWorld industry right on your smartphone! Download the ETHRWorld App and get the Realtime updates and Save your favourite articles. Technology and services major Genpact 's decision to increase daily work hours to ten has triggered backlash from its employees and human resource (HR) experts, who say the move undermines progressive workplace values, with employees slamming the decision on social media and expressing concerns about productivity monitoring and potential impact on work-life change, announced internally about 20 days ago, has left many employees unsettled, with implementation scheduled in the middle of June, leading to a tense mood at the company's Hyderabad offices, reports The are concerned about increased work pressure, rising attrition, and the lack of transparency in the new policy, while HR experts suggest this reflects a broader post-pandemic shift in corporate strategy to address overpayment concerns.A number of employees have taken to social media to slam the one of the company's Hyderabad offices, an employee described the mood as to Genpact employees in Hyderabad, the implementation is scheduled in the middle of the new system, the employees explained, 'productivity' will be monitored through an internal portal that tracks daily active hours.'If I clock the allotted time, I earn 500 points per month, which is worth ₹3,000. We have been told that 5% of it, which is ₹150 in my case, will be paid for the additional time. It hardly feels like an incentive.'A senior employee involved in hiring said on the condition of anonymity that the work pressure is intense, and attrition is senior employee added that experienced staff are leaving daily, and new faces are being employee also noted that the 10-hour policy isn't even official, but is passed through managers and employee further stated that if you question it, you're branded with 'behavioural issues' and let employee mentioned that HR maintained transparency in hiring numbers earlier, but now even that's controlled entirely by have also been aired on social media platforms.'This is absolutely pathetic and the company increased working hours to 10, without increasing salary,' wrote one Reddit user.'Not just that, you have to complete 'WAM' that basically is an abusive tool which logs keystrokes. You have to maintain 9 hrs of those out of 10 now, or you get warning mails. 3-4 of such emails and they deduct your bonus and kill appraisals (sic),' the user added.A veteran in the IT-enabled services sector, who began his career at Genpact more than two decades ago, said the decision contradicts the values the company was built veteran expressed worry that this will influence other firms, especially local companies, to follow veteran also stated that HR has failed to act as a voice of reason search consultant Achyut Menon said the policy reflects a broader post-pandemic shift in corporate explained that after giving big salary hikes during the pandemic, companies now think they added that companies are bringing in harsh policies like extended hours and strict office mandates to make employees leave voluntarily, while hiring cheaper replacements on the had hoped the company might reconsider the decision after 15 days, but that did not happen.
Globe and Mail
4 days ago
- Business
- Globe and Mail
Unisys Stock is at a 4.92X P/E: Should You Buy, Sell or Retain?
Unisys Corporation UIS is trading at a steep discount relative to its peers, with a forward 12-month price-to-earnings (P/E) ratio of just 4.92X. This is significantly below the industry average of 29.36X and the broader Computer and Technology sector's 26.09X, suggesting the stock may be undervalued by the market. Unisys P/E Ratio (Forward 12 Months) Despite this valuation gap, Unisys shares have slumped 34.8% over the past six months, underperforming the industry's 12.5% decline. Other industry players like AI and SoundHound AI SOUN have fared even worse, dropping 44.6% and 53.1%, respectively, while Genpact G saw a comparatively modest dip of 0.8%. UIS Stock's Price Performance Factors Likely to Aid Unisys Stock UIS is seeing strong adoption of its device subscription services, with significant contract wins. In the first quarter of 2025, Unisys signed a contract with a global technology company to support 380,000 devices across 14 countries. UIS also secured an agreement with a biotech client to provide workplace services for more than 21,000 devices across several regions. The company added two technology partners, Easy Vista and Freshworks, to improve the DWS Alliance ecosystem and strengthen IT Service Management platform capabilities. Going forward, UIS expects DSS signings to increase in the second half of the year, which may support growth in the segment. These contracts serve as entry points for broader service engagements, driving higher-margin expansion into digital workplaces and managed services. Unisys continues to innovate in artificial intelligence and cybersecurity, launching a Post-Quantum Cryptography assessment service and expanding its AI-driven solutions such as the service experience accelerator. These tools aim to improve client outcomes in areas like threat detection, data optimization and employee productivity. Unisys, which shares space with SoundHound and Genpact, is executing its long-term strategy centered on software innovation, secure hybrid infrastructure and client-centric service models. These efforts are intended to increase platform stickiness, modernize applications and unlock data value across client ecosystems. UIS's Clear Path Forward 2050 strategy is built on three core pillars aimed at strengthening its client ecosystem and driving growth. The company is enhancing its proprietary platforms and industry-specific solutions to offer greater value and encourage wider adoption. It further focuses on enabling secure and efficient data exchange across hybrid IT environments, positioning its platforms as central hubs for data consolidation and analysis. Lastly, Unisys provides specialized services to address clients' skill gaps and modernize their infrastructure and applications, reinforcing the company's role at the heart of mission-critical IT operations. Earnings Estimates Trend & Growth Rate for UIS Over the past 60 days, the Zacks Consensus Estimate for UIS' 2025 earnings per share (EPS) has been revised upward, increasing from 25 cents to 58 cents. This upward trend reflects strong analyst confidence in the stock's near-term prospects. The company is likely to report solid earnings, with projections indicating a 28.9% jump in 2025. Conversely, industry players like earnings in fiscal 2026 are likely to witness year-over-year growth of 12.2%. SoundHound and Genpact earnings in 2025 are anticipated to witness year-over-year growth of 84.6% and 6.1%, respectively. End Notes Investors may consider buying Unisys' stock due to its compelling turnaround potential and deep undervaluation relative to peers. The company is gaining traction in high-value areas such as device subscription services, AI-driven solutions and cybersecurity, supported by major contract wins and expanding strategic partnerships. Its forward-looking strategy, focused on innovation, secure hybrid infrastructure and enterprise modernization, is driving broader client engagement and longer-term revenue visibility. With growing momentum in business signings, improving operational efficiency and rising analyst confidence, Unisys appears well-positioned to rebound, making it an attractive opportunity for value-focused investors. UIS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report Genpact Limited (G): Free Stock Analysis Report Inc. (AI): Free Stock Analysis Report SoundHound AI, Inc. (SOUN): Free Stock Analysis Report
