Page 2 - Employers

AI, diversity, inclusion will take centre stage in 2024: Indeed survey

Employees and employers geared up to adopt artificial intelligence at the workplace, with 59 per cent of employees are very confident in their ability to adapt and utilise AI tools, says a survey. According to an Indeed survey, going ahead, diversity and inclusion will take centre stage, as 47 per cent of employers indicate a forthcoming surge in policy adoption. The survey that covered a total of 6,531 individuals, consisting of 1,223 employers and 5,308 employees, noted that the focus will be on adopting AI and meeting the expectations of Gen Z employees. As per the survey, 59 per cent of employees are very confident in their ability to adapt and utilise AI tools. Meanwhile, only 19 per cent of surveyed employers have already implemented or are in the process of implementing next-generation technologies such as Generative AI at the workplace during the coming year. "From the rise in generative AI skills to the enduring importance of programming languages and the growing demand fo

Employer sponsored health insurance cost to rise 11% in 2024: Report

The report is based on responses from 223 insurers across 58 countries, analysing the key trends that are shaping the future of health care provided by employers

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

Employers in India bullish globally on hiring in 2024 March qtr: Survey

Corporate India's hiring sentiment for the next three months is one of the highest across the world, with 37 per cent of employers planning to increase their staff strength amid buoyant domestic demand conditions, says a survey. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,100 employers across sectors and regions, the Net Employment Outlook (NEO) in India is the highest amongst 41 countries. The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter. "Domestic demand remains buoyant, and private investments continue to flow in making India a lucrative economy. With stability in the political arena, progressive India is not a dream but a reality," Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, said. As pe

National Boss Day 2023: Date, history, significance and best wishes

National Boss Day is celebrated every year on October 16, this day recognises the dedicated Boss whose hard work leads to personal, professional and organisational growth

Employers in India anticipate measured hiring in next 3 months: Survey

Employers in India are anticipating a measured hiring pace in the next three months, as organisations are focused on investing in the professional development of their workforce and creating a positive work culture, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,020 employers across sectors and regions, hiring intentions have declined by 17 per cent when compared with the same time last year, while on a quarter-on-quarter basis, it has seen a marginal improvement of 1 per cent. The Net Employment Outlook for the October-December quarter stood at 37 per cent, up 1 per cent from the July-September quarter of 2023, and decreased by 17 per cent when compared with the same time last year. The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity. Employers cited professional ...

Elon Musk to fund legal bill of people treated unfairly due to posting on X

Musk on Sunday tweeted, "If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill. No limit. Please let us know"

Tata Power, Amazon India's most attractive employers in 2023: Randstad

Last year, the list was topped by Microsoft, followed by Mercedes-Benz and Amazon

Business visit expenses by employer not covered in RBI's remittance scheme

The finance ministry on Thursday said expenses incurred by an employee on a business visit, when such expenses are borne by the employer, will not be covered under RBI's liberalised remittance scheme. A clarification to this effect was provided in a set of FAQs issued by the finance ministry on the LRS (Liberalised Remittance Scheme). "When an employee is being deputed by an entity for any of the above (business visit), and the expenses are borne by the latter, such expenses shall be treated as residual current account transactions outside LRS and may be permitted by the AD (authorised dealer) without any limit, subject to verifying the bona fide of the transaction," the ministry said. Under the LRS, an individual is permitted to remit overseas up to USD 2.5 lakh annually. Any remittance by an individual above this threshold would require RBI approval. The ministry on May 16 notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to include .

Additional 1.16% contribution for pension fund to come from employers: Govt

Labour ministry issues clarification about social security schemes run by EPFO

National Career Service portal lists record 3.5 mn vacancies in 2022-23

As many as 35.7 lakh vacancies were registered on National Career Service (NCS) in 2022-23, which is a record so far, the labour ministry said on Tuesday. The Ministry of Labour and Employment is implementing the National Career Service (NCS) Project as a Mission Mode Project for the transformation of the National Employment Service to provide a variety of employment-related services like job matching, career counselling, vocational guidance, information on skill development courses, internships etc. The services under NCS are available online, which was dedicated to the nation by the Prime Minister in 2015. NCS portal has registered the highest vacancies during 2022-23 since its launch in July 2015, a labour ministry statement said. Around 35.7 lakh vacancies have been reported by employers on NCS during 2022-23 compared to around 13 lakh vacancies in 2021-22. The reporting of vacancies on NCS in 2022-23 has shown an increase of 175 per cent over 2021-22. Further, 2022-23 also .

1 in 3 employers use Live cameras to keep tabs on remote workers: Survey

More than one in three employers (37%) use live camera feeds to keep tabs on remote workers, prompting some to quit while others get fired, a new survey found

79% employers willing to increase apprentice intake, says report

They regard apprentices help business growth, have skills suited for the market

Many employers mislabelling workers as managers to avoid paying overtime

New evidence shows that many employers are mislabelling rank-and-file workers as managers to avoid paying them overtime

Many employers think PLI schemes will boost job creation in 2 yrs: Report

A significant percentage of employers expect hiring to increase over the next two years due to Production Linked Incentive (PLI) schemes, under which fiscal incentives ar being provided to several sectors to boost domestic manufacturing, says a report. A TeamLease report said the higher positive hiring sentiment is attributed to the pharmaceutical industry (68 per cent) followed by white goods industry (67 per cent) and textile products (62 per cent). Around 60 per cent of employers expect hiring to increase due to PLI schemes over the next two years. The TeamLease PLI Outlook Report has been prepared on the basis of the employers' reaction towards job creation based on the incentives mentioned by the government in the PLI schemes and their projection towards hiring in the next two years. For the report, 344 mid to senior-level, general managers/ talent acquisition managers across 14 cities and 8 industries in India were surveyed. "The PLI schemes are a revolutionary one. It will

Tech layoffs: It's business, not personal

It's not that they don't want you, just that they do not need you anymore. Or, so they think

With jobs no longer secure, career cushioning is taking centre stage

Professionals and students striving to make themselves future-ready, future-proof

Strong jobs growth in the US has Federal Reserve in a fix: Report

Hiring remains strong despite technology companies, including Twitter, Amazon, and Meta announcing thousands of jobs cuts

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

Majority of employers in services sector keen to hire in Q3: Report

A majority of employers in the services sector are keen to expand their workforce in the third quarter of this fiscal, according to a report. Around 73 per cent of employers are eager to increase their resource pool this quarter, according to TeamLease Services 'Employment Outlook Report for Q3 (October to December 2022) for the services sector. The 'TeamLease Employment Outlook Report' is based on a survey of 579 service companies in 14 cities across the country. The report further stated that in the services segment, the key sectors expressing a higher intent are information technology (96 per cent), educational services (95 per cent), e-commerce and allied start-ups (92 per cent), telecommunications (90 per cent), retail (79 per cent), financial services (78 per cent) and logistics (75 per cent). As the demand for services has increased post the pandemic, large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) have all mustered a strong hiring .