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employee benefits

Ferrari Unveils Ambitious 2024 Plans: 250 New Hires, Employee Share-Ownership Program, and Enhanced Bonuses

Ferrari, the renowned luxury sports car manufacturer, has unveiled its ambitious plans for 2024, signaling a positive direction for the company. In the first half of the upcoming year, Ferrari intends to expand its workforce by hiring 250 individuals. This decision follows recent disruptions caused by worker strikes at Stellantis, GM, and Ford plants in …

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Wipro Grants 41,667 RSUs to Employees via ESOP, Empowering Workforce Ownership

Wipro, in a recent official exchange filing, disclosed its issuance of 41,667 restricted stock units (RSUs) to its employees as part of its Employee Stock Ownership Plan (ESOP). These RSUs will be distributed to eligible employees according to a predetermined vesting schedule approved by the Nomination and Remuneration Committee of the Board. Over a specified …

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DMC Staff to Receive Salary Boost in Line with 7th Pay Commission Recommendations

The New Delhi Municipal Council (NDMC) staff is finally set to receive a salary boost in line with the recommendations of the 7th Pay Commission after a seven-year wait. This decision will impact both current and former NDMC employees, specifically those who retired before December 31, 2015. The announcement was made by Kuljit Chahal, an …

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