Good Employee Experience Story [March 08 – March 14]

The world needs more good news! That’s why we’ve decided to gather some good Human Resources (HR) and Employee Experience (EX) stories every week to inspire you and make you feel hopeful about the future. Insurtech startup Riskcovry gets $5 million in Series A funding Insurtech startup Riskcovry has received $5 million in Series A funding, led by Omidyar Network India. Pune-based venture capital fund Pentathlon Ventures and Delhi-based DMI Sparkle Fund were also among the new investors. The startup is on track to sell 200,000 insurance policies in the current financial year.

    [Source: Economic Times]

India retail sector to add 2.5 crore new jobs by 2030: Report The Indian retail sector is likely to generate 2.5 crore new jobs by 2030 and a lion’s share will be the offline+online model which will account for nearly 50 per cent of the total retail employment addition, a Nasscom report said on Monday.

          [Source: SightsInPlus]

Indian Overseas Bank gets a new executive director Public sector Indian Overseas Bank got a new executive director. Prior to the new role, S Srimathy was Chief Vigilance Officer of the National Bank for Agriculture and Rural Development (NABARD), a press release from the Chennai- headquartered bank said. Srimathy has over 34 years of experience across verticals, including branch operations, mid and large credits, human resources and risk management, among others.

    [Source: Economic Times]

Country’s cybersecurity critical for its growth: NCCC chief The chief of India’s cybersecurity and e-surveillance agency Saturday cautioned that the other nations can slow down the country’s growth by interfering with its cyberspace. The National Cyber Coordination Centre chief, Lt Gen (Retd) Rajesh Pant, sounded the alert while pegging the global economic loss due to cybercrime in 2020 to USD 6 trillion. Lt Gen (Retd) made these remarks while addressing a conference Militaria@Jaipur 2021′ on Information Warfare. 

  [Source: Financial Express]

30% family pension hike proposal for bank employees under consideration: Govt The Indian Banks’ Association had recommended recently that family pension be improved to 30% for all employees, without any cap, and the same is under consideration of the government. Minister of State (Mos) in the Finance Ministry was responding to DMK leader Thalikkottai Rajuthevar Baalu question in the Lok Sabha.                                                                                                                                                                                                                [Source: Livemint] “We are what we repeatedly do. Excellence then, is not an act, but a habit” -Aristotle

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