In today’s briefing:
- Indusind Bank: When Half the Staff Left, Why Didn’t Independent Directors Think It Worth Mentioning?
- Judicial Decisions Are Also Important to Clarify the Nature of the Diversity Issues
Indusind Bank: When Half the Staff Left, Why Didn’t Independent Directors Think It Worth Mentioning?
- Indusind Bank (IIB IN) reported 51% attrition in FY2023 from 37% in FY2022
- In the annual report the directors completely ignored acknowledging or discussing the attrition apart from the mandatory disclosure
- The sharply rising attrition indicates poor human resource policies in recruitment and training which adversely impact cost management
Judicial Decisions Are Also Important to Clarify the Nature of the Diversity Issues
- A survey result supports that the fact that women temporarily leave the workplace due to childbirth or childcare is detrimental to their careers.
- Since there’re issues that require solutions not only for companies but for society, judicial decisions will encourage companies to make female employees subject to the same conditions as male employees.
- While more companies may take this ruling as an opportunity to consider conventional HR practices, since cases of employees going to court are rare, some companies may not act immediately.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
