Page 15 - Employment In India

ESIC adds 1.6 million new members in November, 317K females: Payroll data

The Employees' State Insurance Corporation (ESIC) added 15.92 lakh new members in November 2023, according to provisional payroll data released on Tuesday. Around 20,830 new establishments were registered and brought under the social security umbrella of ESIC in November ensuring more coverage, the labour ministry said in a statement. The data shows that more jobs were generated for the youth during the month as out of the total 15.92 lakh employees added, 7.47 lakh, which constituted 47 per cent of the total registrations, were up to the age group of 25 years. Net enrolment of female members was 3.17 lakh in November 2023, according to the data. A total of 58 transgender employees were registered under ESI Scheme in November. It shows that ESIC is committed to delivering its benefits to every section of the society, the ministry stated. The payroll data is provisional since the data generation is a continuous exercise.

RIL launches Graduate Engineer Trainee programme, to hire engineers

Reliance Industries Ltd, India's largest company, has launched the Graduate Engineer Trainee programme, aiming to hire graduate engineers across businesses - from petrochemicals to new energy. Reliance has opened its entry-level recruitment drive for young engineers named the Graduate Engineer Trainee (GET) 2024 programme from all over India, with an aim to nurture young, high-potential engineering talent for key technical roles across business verticals, the firm said on its website. This year, the application process has been taken online for the first time. Registration for the programme has started from January 11 and will remain open till January 19, the firm said on its website. The online application process -- as opposed to the more commonly used campus recruitment process, wherein companies can visit only a few dozen institutes every year -- is launched with a view to offer equal opportunity to every young engineering student pan-India and democratise access to world-class

Best of BS Opinion: Markets in India's decade, Known unknown & more

Here is the best of Business Standard's opinion pieces for today

Fresh formal jobs creation falls 10% to 9.06 mn in 2023: EPFO data

Furthermore, the number of new women subscribers declined by about 12 per cent to 2.35 million from 2.68 million last year

India on lookout for major global labour arrangements for skilled workers

Govt in discussion with several countries to send skilled workers

NPS adoption dips to 4 month low in October amid corporate slowdown: NSO

Since the union government has mandated the NPS for all its new employees, this can be used as a proxy to gauge fresh recruitments at the central level

Job shift: Gigs get big for white-collar workers, investment hurdles remain

The freelance economy has been booming in 2023

Social media unicorn ShareChat lays off 200 employees to reduce costs

This is the second such move this year for the Indian regional social network

Flexi-staffing industry records four-quarter high growth in Q2: Report

The IT services sector is opening up new employment opportunities, driven by high volumes

Rail Kaushal Vikas Yojana trainees not preferred for railway jobs: Vaishnaw

Over 26,000 candidates, who have been skilled till November 2023 under the Rail Kaushal Vikas Yojana, will not have any preference in jobs in the Indian Railways, Railway Minister Ashwini Vaishnaw informed the Rajya Sabha on Friday. Vaishnaw said that this scheme was launched in September 2021, adding 26,791 candidates have completed their training till November 2023. Responding to a question by Bharatiya Janata Party (BJP) MP Narayana Koragappa whether any preference of above trained youth is given for employment in the railways, he said, No, Sir. This programme is intended to enhance the skill of a person so that he / she can get a job or can start his / her own start-up / entrepreneurship. Vaishnaw said that the Indian Railways launched the Rail Kaushal Vikas Yojana to empower candidates in the age group of 18 to 35 years by providing them entry level skill training in various industry relevant technical trades at various training locations. Successful candidates are awarded ...

Varanasi Sansad Employment Fair 2023: Over 11000 jobs offered to people

Over 11000 people secured jobs in the Sansad Employment Fair that was held on December 9, 10, 11, and 12. The selected candidates have received an appointment letter on December 12, 2023

Enough jobs exist for smart people: Info Edge's Sanjeev Bikhchandani

Bikhchandani said there is no funding winter for good companies, and there never was

Is MGNREGA work demand real sign of distress or problem lies elsewhere?

In FY23, around 87.5 million people worked under the scheme, according to the MGNREGA website. Till December 12 in FY24, approximately 72.6 million people had worked under the scheme

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

Statsguru: Six charts show the hiring season is looking grey yet again

The job market remained skewed against women. For every one woman employed, 10 men got a job

Centre recruits nearly 700,000 in 11 'rojgar melas' during Oct 22-Nov 23

Santosh Mehrotra, visiting professor, University of Bath, says recruiting close to 300,000 people in less than a month is highly unlikely as the process can be a long-drawn process

The great employment question: Is the job market shrinking or transforming?

Latest PLFS shows unemployment rate fell to its lowest level of 3.2% in July-June 2022-23

AI threatens wages, not jobs so far, European Central Bank paper finds

Employment share of sectors exposed to AI has increased, with low and medium-skill jobs largely unaffected

10% fewer fresh formal jobs created in Apr-Sep period, shows EPFO data

Besides, the number of young subscribers belonging to the 18-28 age group declined by 9.54 per cent to 3.93 million this year from 4.34 million in the corresponding period last year

Social security benefits for salaried employees shrinking post pandemic

Workers in rural areas, women hit harder