Page 5 - Employment Growth
CMS planning to hire 1,000 employees in next two months as it expands
Leading cash management services provider CMS is planning to hire 1,000 employees in the next two months with salaries upward of Rs 30,000 per month as it expands into service vertical of cash collections for its partner banks, NBFCs and microfinance firms, a company official said. CMS Info Systems (CMS) has signed up for cash and cheque collections with several companies, including, Mahindra Finance, L&T Finance and Hero FinCorp. Anush Raghavan, Senior Vice-President and Head Cash Business Unit of the CMS said that with a network spanning over 115,000 ATMs and retail outlets that spread across 98.3 per cent of districts in India, the company is uniquely positioned as the "backbone of the circulation cycle" of the economy. "While CMS has built out the offering for NBFCs, we are also looking at the cash pickups from the other industries such as travel, education; cheque collections for the insurance industry, apart from doorstep banking service for senior citizens. "CMS is looking
Swedish govt promises $12 billion to kick-start economy in 2021 budget
The Social Democrat and Green coalition said the budget would focus would be on boosting jobs among others.
 "Swedish govt promises $12 billion to kick-start economy in 2021 budget")
Employment growth rate slips to 3.5% in FY20 from 3.8% in FY19: Report
In FY20, 170,000 new jobs were added, while the net addition was 176,000 in FY19, shows a CARE Ratings report
 "Employment growth rate slips to 3.5% in FY20 from 3.8% in FY19: Report")
Govt aims to embrace 32 mn construction hands not yet covered under PMGKY
Only 18 million workers out of 50 million got cash transfer in their bank accounts under the Pradhan Mantri Garib Kalyan Yojana
 "Govt aims to embrace 32 mn construction hands not yet covered under PMGKY")
1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey
Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.
Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs
After taking benefit of the scheme, jobs increased by around 11 mn in these establishments
 "Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs")
Two studies and a tale of divergent views on employment in the country
One study points to a staggering drop of nine million jobs, the other says no jobless growth, but only the educated are getting employed
 "Two studies and a tale of divergent views on employment in the country")
Best of BS opinion: Labour supply expands, US-China trade war, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS opinion: Labour supply expands, US-China trade war, and more")
Africa's working-age population likely to top Asian labour force by 2100
The number of 15-to-64-year-old Africans today is a quarter of the size of Asia's working-age population
 "Africa's working-age population likely to top Asian labour force by 2100")