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Russia will import up to 1 million workforce by the end of this year to address labour shortage in the country's highly industrialised areas, a business leader said. "As far as I know, by the end of the year, 1 million specialists from India will come to Russia, including the Sverdlovsk region. A new Consulate General is opening in Yekaterinburg, which will deal with these issues," Andrey Besedin, the head of the Ural Chamber of Commerce and Industry, told the RosBusinessConsulting (RBC) news agency. Besedin said the migration of Indians would fill the shortage of a highly qualified workforce in the Sverdlovsk region. Sverdlovsk, with the capital Yekaterinburg, is situated in the Ural mountains and is home to Russian heavy industry and military-industrial complex, including world-famous Uralmash and T-90 series tank maker Ural Wagon Zavod. Besedin stressed that industrial enterprises needed to increase production volumes, but the region faced a shortage of skilled workers. Some ..
With rising cost-of-living pressures and evolving workforce expectations, a report has revealed shifting priorities with 74 per cent of respondents saying they prefer a slightly lower salary with stronger long-term benefits. Around 74 per cent of employees interviewed stated that they would choose a slightly lower salary in exchange for stronger long-term benefits such as health insurance, retirement planning, and education support, a report by staffing solutions and HR services provider Genius Consultants has revealed. The report by Genius Consultants is based on inputs from 1,139 employees across sectors pan India. It further found that currently only 32 per cent of employees felt that their current benefits package effectively supports their financial well-being, while over 61 per cent said their benefits were inadequate. Over 54 per cent of employees interviewed said their company does not prioritise mental and financial health while implementing wellness programs, said the ...
India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. According to the report this surge in demand presents retail professionals with a valuable opportunity to upskill in areas like Software Application Development and Data Engineering, equipping them for a tech-driven landscape. This is followed by manufacturing (1.50 million jobs), education (0.84 million jobs), and healthcare (0.80 million jobs), propelled by expected economic growth and tech transformation, it stated. "AI will be a key catalyst for job creation across India's growth engines, particularly in roles requiring advanced technical skills. This strategic emphasis will not only create more high-value opportunities fo
Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impacts the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head - Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability to increase freight rates amid competitive pressures, an inflationary environment and relatively sticky diesel prices, he noted. BookMyCargo founder JD Yadav said the ...