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Microsoft will let its employees work from home permanently.

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Microsoft will let its employees work from home permanently, even once the COVID-19 pandemic is over, according to an internal memo seen

The memo highlights the company’s plans to create a “hybrid workplace,” Microsoft said it will allow employees to work from home freely for less than 50% of their working week, but has said that managers will be able to approve permanent remote work if staff request it. Part-time working hours will also be available for employees with approval from their manager.

Currently, the cast majority of the company’s employees are working from home, and Microsoft previously said they would not reopen office until at least January 2021.

For those whose work can be done entirely remote, there are options to relocate – even internationally – if approved. They will have to give up their assigned office space, according to the report, but Microsoft will cover home office expenses for permanent remote workers.

 “most” of Microsoft’s 150,000 employees would be able to take advantage of one of these remote-work offerings. However, some roles will still require access company’s offices, including those that require access to hardware labs, data centers, and in-person training.

“The COVID-19 pandemic has challenged all of us to think, live, and work in new ways,” says Kathleen Hogan, Microsoft’s chief people officer, in the note to employees. “We will offer as much flexibility as possible to support individual workstyles, while balancing business needs, and ensuring we live our culture.”

 

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Petrol, diesel price move up by a higher margin

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Petrol and diesel rates rose sharply on Friday as global oil prices remained firm reaching its highest levels this fiscal.

Petrol price increased by 19 paise per litre to Rs 81.89 per litre on Friday from Rs 81.70 per litre on the previous day.

Diesel price, on the other hand, increased by a higher margin of 24 paise to Rs 71.86 a litre, up from Rs 71.62 a litre on the previous day.

Oil companies began increasing pump prices of the two petroleum products from last Friday after a nearly two-month-long hiatus in the fuel price revision. The prices increased for five consecutive days before going for a day’s pause on Wednesday. It has risen on both days thereafter.

In five days, petrol price has gone up by 53 paise and diesel rate has risen by 95 paise per litre. With Friday’s increase, petrol price has now risen by 83 paise per litre and diesel by Rs 1.40 a litre since last Friday.

Petrol price had been static since September 22, and diesel rate hadn’t changed since October 2.

Though the retail pricing of petrol and diesel has been deregulated and oil marketing companies were following a daily price revision formula, the same was suspended for almost two months to prevent the volatility in the international oil markets from impacting the fuel prices regularly during the pandemic.

But with crude on the boil again on the news of a successful coronavirus vaccine launch soon, the patience was lost by the OMCs who finally resorted to the price increase to cover for their under recovery on the sale of two petroleum products.

The benchmark Brent crude has crossed $48 a barrel on the Intercontinental Exchange (ICE). It has remained over $ 43 a barrel for most part of November.

OMCs need almost 40 paise per litre increase in the retail price of petrol and diesel to cover for $ 1 increase in crude. Going by this yardstick, the product prices would have to be increased by up to Rs 2 per litre to cover the under recovery on its sale.

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