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SEBI responds to allegations of toxic work culture, claiming employees were misled by external elements to seek more benefits.
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The regulator denies claims of harassment and unrealistic targets, highlighting initiatives to improve work environment and accountability.
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SEBI employees had alleged harsh language, micromanaging, and public humiliation, but the regulator claims these are isolated incidents.
The Securities and Exchange Board of India (SEBI) has responded to allegations of a toxic work culture, stating that employees were misguided by external elements to seek more benefits. The regulator claims that the employees’ grievances are centered around House Rent Allowance (HRA) issues and performance targets.
SEBI denies allegations of harassment, micromanaging, and public humiliation, highlighting initiatives to improve the work environment and accountability. The regulator cites measures such as quantified key result areas, monthly targets, and performance reviews to ensure high standards.
The allegations of toxic work culture had sparked a silent protest among employees, who demanded a 55% increase in HRA and updates to the automated Management Information System. SEBI claims that the employees’ demands are unfounded and that they are already well-paid, with entry-level officers receiving a cost-to-company of approximately Rs. 34 lakhs per annum.
