Page 10 - Employment In India

Shrinking informal economy: Sign of formalisation or growing hardship?

The 2022-23 Annual Survey of Unincorporated Sector Enterprises shows a grim employment situation in the non-farm informal sector

Skill mismatch: Rising labour quality, stagnant employment in key sectors

RBI data reveals rising labour quality in industries like textiles and mining, but stagnant employment growth highlights a skill mismatch

Nearly 80% of gig workers meet Indian job market requirements: Report

Around 76% of employers identified technical skills as the most essential for gig workers

Budget 2024: Govt plans employment-linked incentive scheme for job creation

Budget 2024: The proposed ELI scheme may offer tax relief and wage subsidies to companies for creating employment opportunities amid rising concerns over 'jobless growth'

Employment condition

The new data set raises questions

India generated 125 million jobs between FY14 & FY23, says SBI Report

Besides, the report also noted that the total employment reported by micro, small and medium enterprises (MSMEs) registered with the MSME Ministry has crossed 200 million

Official employment data masks India's jobs problem, say economists

The jump in employment cannot be equated to the creation of formal jobs with regular wages

News updates: PM Modi reaches Presidential Palace for private meeting and dinner with Prez Putin

From SC hearing on NEET-UG exam to Mumbai rains, and from PM Modi's Russia visit to RBI's data on employment, catch all the latest news from across the globe here

India's employment provisionally grew at 6% in FY24, shows RBI data

The release of the data follows a Citibank report last week which said growth of close to 7 per cent will only create 8 million to 9 million jobs in India, short of the 11 million to 12 million needed

India will be unable to plug jobs gap even with 7% growth, says Citigroup

Citi estimates India will need to create about 12 million jobs a year over the next decade to absorb the number of new entrants to the labor market

Labour officials visit Foxconn TN plant, question executives about hiring

A Reuters investigation last week found Foxconn systematically excluded married women from assembly jobs at its main Indian plant on grounds they have more family responsibilities than others

CII, Nasscom to provide digital skilling to 100,000 non-IT youth in 2 years

CII said that seven target sectors have been identified to begin with

BJP's women's wing calls for probe into Foxconn India hiring practices

Foxconn hiring agents and HR sources cited family duties, pregnancy and higher absenteeism as reasons why Foxconn did not hire married women at the plant

Employment puzzle

The informal sector is not creating enough jobs

More people want to switch jobs now than in 'Great Resignation': PwC survey

According to the consultancy's '2024 Hopes and Fears' survey, 28 per cent of workers said they are 'extremely or very likely' to change their employers

Mere 29% entry-level professionals confident about retaining jobs: Study

Upskilling had the highest importance among professionals with over 17 years of experience, with 92 per cent of such respondents attesting to the same

Startup layoffs down 62% in 2024 so far; likely to step up hiring

The full year 2023 saw a staggering 16,398 layoffs, according to layoffs tracking platform Layoffs.fyi

Job market blues for B-schools; institutes reach out to more recruiters

Institutes adapt curriculum to align with demand

MSMEs: The nuances beyond financial parameters

With the new government, the hope for a new gambit for MSMEs is a pressing priority at the moment, and any move is welcome in the wake of World MSME Day to be celebrated on June 27

ESIC adds 1.6 mn workers, including 0.3 mn women, in April: Payroll data

Employees' State Insurance Corporation (ESIC) added 16.47 lakh new members in April as per payroll data released on Wednesday. "Through the data, it is noticeable that more jobs have been generated for the youth of the nation as out of the total 16.47 lakh employees added during the month, 7.84 lakh employees amounting to around 47.60 per cent of the total registrations belong to the age group of up to 25 years," a labour ministry statement said. According to the statement the provisional payroll data of ESIC reveals that 16.47 lakh new employees have been added in April 2024. Also, it stated that the gender-wise analysis of the payroll data indicates that net enrolment of female members was 3.38 lakh in April. Besides, 53 transgender employees also got registered under the ESI Scheme in the April, attesting to ESIC's commitment to deliver its benefits to every section of society. Around 18,490 new establishments have been brought under the social security ambit of the ESI Scheme