Threat to company’s HR culture and honesty Quiet firing is a growing, subtle trend that threatens company culture. It moves away from openness, fairness and performance-based reviews. Instead, senior management often interferes, which weakens the developing HR practices in the country. Often, senior leaders or the board look for ways to cut jobs to reduce …
Adhering to constitutional provisions, the government is set to unveil the budget for the Fiscal Year 2025/26 by the end of May (Jestha 15). The government’s Policies and Programmes, presented by President Ram Chandra Poudel on May 2, have indicated a proactive approach and a commitment to efficient resource allocation to invigorate the economy starting …
Will it be a panacea for the current economic woes… Read More »
What additional benefits are the C-suites availing? Lucrative salaries and perks associated with certain professions often become the talk of the town. In publicly listed companies, this information is transparent and published in their annual reports. Salaries and incentives for government employees are also publicly known. However, in privately owned corporates and industries, these matters …
Nepal’s insurance sector has experienced substantial consolidation in recent years, prompted by the increased paid-up capital requirements for insurance companies. The Nepal Insurance Authority (NIA) – the regulator of the insurance sector – has raised the paid-up capital of insurance companies tenfold since 2017 in two phases, leading insurance companies to pursue mergers to meet …
After assuming office as the 47th President of the United States, Donald Trump announced a private sector investment of up to $500 billion to develop artificial intelligence (AI) infrastructure, aiming to outpace global competitors in this business-critical technology. Within a week of President Trump’s announcement, the Chinese AI bot DeepSeek delivered a major surprise to …
High Employee Turnover Weakening Institutions, Productivity, and Growth High employee turnover in established sectors is causing instability, impacting outcomes, and increasing recruitment and capacity-building expenses. Human Resources departments are struggling to cope with these challenges and the significant talent drain from the country. Employee benefits, career growth opportunities, and exposure are readily available and transparent …
Driving Growth and Innovation Women’s entrepreneurship is a key driver of economic growth in many countries, including Nepal. A study from global management consulting firm McKinsey & Company found that a ‘full-potential’ scenario, where women participate in the economy equally to men, could add up to $28 trillion, or 26%, to annual global GDP in …
Hospitality sector thriving with opportunities abound the HRM Nepal’s hospitality sector has been drawing substantial investment and has rapidly emerged as one of the country’s most dynamic and fast-growing industries. Nepal’s abundant natural beauty, cultural heritage, and diverse landscapes, combined with its rich historical and spiritual significance, have made the country a popular global tourism …
the HRM The nation is repeatedly debilitated by poor governance and mismanagement. The recent floods and landslides starkly exposed this issue, highlighting the dysfunction of the three tiers of government, which were nowhere to be seen as people died in buried vehicles on vital highways, while floods and inundations caused massive losses of life and …
the HRM A total of 112,156 students left Nepal to pursue higher studies in Fiscal Year 2023/24. The Ministry of Education, Science, and Technology (MoEST) reports that these students obtained No Objection Certificates (NOCs) to study in 66 countries. This significant number of students leaving for higher education abroad highlights a lack of trust in …
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