80% looking for job change as dissatisfaction on rise

October 19, 2016

New Delhi, Oct 19: Dissatisfaction with job is on the rise and employees blame poor work-life balance for this state of affairs, with a whopping 80 per cent of them looking for a change, says a TimesJobs survey.job

The findings of the 'Job Satisfaction 2016' survey by TimesJobs.com revealed that 60 per cent employees are not satisfied with their current job, while 80 per cent said they are looking to switch jobs.

"The paradigm of job satisfaction has moved from salary optimisation to career optimisation with a healthy work life balance," Times Business Solutions Head of Strategy Nilanjan Roy said.

As per the survey the level of dissatisfaction has increased year-on-year. In 2015, 78 per cent employees stated they were happy with their current job, although they were still open to other opportunities.

The report further said of the 60 per cent unsatisfied employees, 80 per cent belong to the junior level, 60 per cent are from the middle level and 40 per cent respondents are from the senior level profiles.

"Unfortunately, a lot of India Inc is still concentrating on salary optimisation to increase employee satisfaction. Although a lot of discussions have happened on taking care of holistic career aspirations of employees it is high time definite steps are taken to arrest this dissatisfaction," Roy added.

Among the respondents who claimed to be unsatisfied, 50 per cent count poor work-life balance, 30 per cent state meaningless work and 20 per cent say poor salary as the reason for this dissatisfaction.

Of the respondents who claimed to be satisfied, 45 per cent state their work-life balance as the major reason for their job satisfaction. 35 per cent attribute a good salary and 20 per cent say a good work profile is the reason for their contentment.

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Agencies
February 29,2020

Ahmedabad, Feb 29: The presence of two feral pigeons onboard a GoAir flight at the airport in Ahmedabad in Gujarat created a flutter among the amused passengers, even though the avian surprise did not lead to any untoward incident or delay in the flight.

The incident took place on Friday when the passengers were boarding the Ahmedabad-Jaipur flight.

"Two pigeons had found their way inside the flight G8 702 while the passengers were boarding," an airline statement said on Saturday.

"The crew immediately shooed away the birds. The flight took off at its scheduled time at 5 p.m.," it added.

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Agencies
February 26,2020

Unnao, Feb 26: Ever heard of someone wishing a 'bright future' for the dead? In a bizarre incident in Uttar Pradesh's Unnao district, a village head issued a death certificate with the wish for an elderly man who had died last month.

The incident took place in the Sirwariya village in Asoha block where an elderly person Laxmi Shankar died after a prolonged illness on January 22.

His son went to the village head Babulal and requested him to issue a death certificate that he needed for some financial transactions.

Babulal not only issued the death certificate, but also 'wished' 'a bright future for the deceased' on the document.

The village head wrote in the death certificate -- "Main inke ujjwal bhavishya ki kaamna karta hoon (I wish him a bright future)."

The letter went viral on the social media on Monday after which the village head apologised for the error and issued a new death certificate.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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