The Bahraini government recently introduced legislation (Edict 109 of 2023) requiring private sector employers to participate in a government program to fund and deliver the mandatory End of Service Gratuity (EOSG) payments for expatriate (non-Bahraini) employees.
On 10 January 2024, the government of Karnataka released compulsory gratuity insurance rules, 2024 (the “Rules”), mandating that businesses in Karnataka, covered under the Payment of Gratuity Act, 1972, obtain an insurance policy to cover their gratuity liabilities.
High-performing organizations feature engaged workforces that are motivated by the connection employees feel towards their work, teams, leadership, and organization as a whole. And the digital technologies that are a central part of modern life can strengthen that connection while giving employees greater flexibility in when and where they perform their work. For this greater connectivity to promote positive engagement, employees also need to know that they can safely disconnect and recharge, which is only possible when organizations communicate reasonable expectations around working outside of normal working hours, including monitoring and responding to communications (emails, chats, posts, etc.).
On 29 November 2023, the French government passed the Profit-Sharing Act requiring companies with 11 to 49 employees to implement a profit-sharing scheme effective from 1 January 2025. This program is set to run as a five-year trial and will then be reassessed by the government to determine if the profit-sharing obligation for these smaller employers will become permanent and in what format.
Participate and gain key insights into how multinationals execute their benefit strategies. Results will be shared with participants in May 2024.