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With its one-time cash payout of 700 million dollars, the Walmart-owned e-commerce firm Flipkart would benefit at least 25,000 current and former employees, according to sources. As a result, Flipkart will become one of the most significant examples of wealth creation in India’s thriving start-up sector. Last week, Flipkart revealed that it would pay up to 700 million dollars in one-time discretionary cash payouts to over 25,000 of its past and current employees who hold employee stock options. The top 20 Flipkart employees, who were among the company’s first and most experienced employees, will receive up to 200 million dollars of the compensation, sources told Moneycontrol. One of the largest wealth-creation opportunities in the country has been provided by the private sector to date to Flipkart’s employees. Software giant Infosys led the way in employee stock programmes among publicly listed companies, rewarding non-founder employees with around 19% of outstanding equity, or roughly Rs 1.3 lakh crore.

The United Arab Emirates is expanding the Golden Visa programme in order to attract more workers. This includes scientists, researchers, and experienced people. The list of employees also includes eminent scholars and clerics, elite specialists in industry and the fourth industrial revolution, and experts in the fields of health and education. A long-term residence visa called the UAE Golden Visa allows foreigners with special talents to live, work, or study in the UAE. These advantages include a long-term renewable residence visa good for five or ten years, the benefit of not needing a sponsor, the opportunity to stay outside the UAE for longer than the standard period of six months while still maintaining their residence visa’s validity, the capacity to sponsor an infinite number of people, and the ability to sponsor their family members, including wives and children regardless of their ages. Workers who wish to apply for this UAE golden visa must possess an employment agreement that has been approved in the UAE and documentary evidence demonstrating that they hold a level 1 or level 2 occupation according to the MOHRE’s (Ministry of Human Resources & Emiratization) system of occupational classification. For jobs needing this employment certificate, a bachelor’s degree or an equivalent qualification must be attested. It is also necessary to submit a wage certificate from the employer together with a bank statement from the last six months showing a monthly salary of at least AED 30,000.

The NATO Building Integrity (NATO BI) initiative published the new Human Resource Management (HRM) toolkit for the public sector on October 24, 2022. The toolkit, created by the Norwegian Center for Integrity in the Defence Sector (CIDS), provides an interactive manual for fostering integrity in the public sector. It includes systematic planning manuals for human resources staff, employee questionnaires, and practical managerial competency assessments. The development of transparent, accountable, and democratic institutions depends on HRM. NATO BI aims to assist allies and partner nations on advancing good governance and putting these values into practise in the defence and related service sectors. According to NATO, effective HR management systems are essential to a well-functioning defence and security sector because they create leadership cultures that can be relied upon and trusted. Integrity building should be incorporated into every aspect of any institution, including job design, recruitment, and selection processes, as well as organisational culture. The newly created toolkit tries to create a link between organisational principles and practises in various circumstances. The HRM toolkit can now be used in compliance with NATO BI principles thanks to the publication of the “Glossary of Human Resource Management in the Public Sector.” Its goal is to support public sector employees and managers, as well as members of civil society organisations and the media, in creating institutional resilience. The toolkit will be made available in Arabic, Georgian, Ukrainian, and Spanish in addition to the two official languages of NATO (English and French).