Page 2 - Employment In India

Everyone with offer will join: Infosys CEO on 2022-batch onboarding delays

Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed with joining, although there has been some change in dates. The comments of Infosys top honcho assumes significance amid reports that the company has delayed onboarding of 2,000 fresh engineering graduates from 2022-batch. "Every offer that we have given, that offer will be someone who will join the company. We changed some dates but beyond that everyone will join Infosys and there is no change in that approach," Parekh told PTI in response to a question on reported delays in onboarding of 2,000 fresh engineering graduates for two years. The Bengaluru-headquartered IT company has an overall employee base of 315,332 as on June 2024. Recently, IT and ITES union Nascent Information Technology Employees Senate (NITES) had filed a complaint with the Ministry of Labour and Employment against Infosys for delaying the onboarding of 2,000 engineering graduates selected for syste

'400 mn more women required in workforce to contribute $14 trn to economy'

India requires an additional 400 million women in the workforce to contribute USD 14 trillion to the economy which would necessitate nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent by fiscal year 2047, according to a new report. Non-profit The/Nudge Institute has unveiled a new report, Labour Force Participation Distillation Report, outlining a crucial element for India's economic future. The report is based upon Periodic Labour Force Survey (PLFS) over the years. As the country aims to become a USD 30 trillion economy by 2047, the report highlights the need for a substantial increase in female labour force participation to achieve this goal. According to the report, India requires an additional 400 million women in the workforce to contribute USD 14 trillion to the economy. This would necessitate nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent by fiscal year 2047. Wi

UP govt to provide 200k jobs over next two years, says CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath Thursday said the state government plans to provide 2,00,000 government jobs over the next two years, according to an official statement. Speaking at an employment and loan fair at BIT College here, he emphasised that employment opportunities have become more inclusive, highlighting that previously, youths from western Uttar Pradesh were "often excluded" from such opportunities. CM Adityanath announced that the state government will provide government jobs to two lakh youth in the next two years, according to the statement. "Starting Friday, the recruitment process for over 60,000 police positions will begin across the state," Adityanath said. He urged local youths to actively participate in the upcoming job openings, asserting that no one would question their capabilities. He also warned that "any attempt to jeopardize the future of the youth would result in severe consequences", including imprisonment and confiscation of assets, accor

IT firm Ahead opens new office in Hyderabad, set to hire 500 staff by 2025

IT company Ahead has launched its new office in Hyderabad, where it plans to onboard 500 people by 2025, the company said on Thursday. It has already set up a delivery office in Gurugram last year, where it has 400 employees. "We are thrilled to announce our expansion into Hyderabad, a city renowned for its dynamic tech ecosystem and exceptional talent pool. "The talent pool located in Hyderabad complements our existing talent base in North India, enabling AHEAD to better meet client needs, especially on larger services engagements," Ahead India, Vice President and Managing Director Praveen Grover said in a statement. The company plans to increase its headcount to 750 this year and complete the hiring of 500 employees in Hyderabad by the end of 2025, Grover said. "By the end of next year, Ahead aims to hire over 500 employees in Hyderabad, leveraging the city's rich pool of skilled professionals and its growing reputation as India's premier IT hub. This strategic move is part of .

Employment growth in corporate sector declined to 1.5% in FY24: BoB report

Trading witnessed growth in employment even while sales declined

E-vendors created 15.8 mn jobs in India including 3.5 mn for women: Report

Online vendors have generated 15.8 million jobs in India, including 3.5 million for women, with about 1.76 million retail enterprises participating in e-commerce activity, says a report released on Wednesday. The report 'Assessing the Net Impact of e-Commerce on Employment and Consumer Welfare in India' was launched by Commerce and Industry Minister Piyush Goyal. "Plugging in data from our survey, we estimate that online vendors generate 15.8 million jobs, including 3.5 million jobs for women," the report prepared by Pahle India Foundation (PIF), a Delhi-based policy research institute, said. E-commerce, according to the report, has been a key driver of employment generation In India. On an average, online vendors employ 54 per cent more people and almost twice the number of female employees, compared to offline vendors. The report noted that two of the most widely-recognised contributions of e-commerce penetration in the retail sector are --growth in employment and improvements

Rural aspirations: Economic opportunities need to be spread across India

A large proportion of youth aged 18-25 years who have never been employed do not aspire to join the workforce, possibly due to the challenging state of rural economy and limited non-farm opportunities

Jobs & growth: Good news and bad news

Our potential for decades of high growth demands the creation of millions of high-quality jobs in labour-intensive industries

Youth employment: Why it's a more pressing issue for India than others

The road ahead needs a concerted effort to develop comprehensive strategies that not only create jobs but also ensure these opportunities are accessible to youth across all regions and demographics

July 2024 sees drop in white collar job vacancies, back to 2023 figures

The number of active job openings in July reflected a 4 per cent decline from July 2023 and a 10 per cent drop from July 2021, particularly in roles requiring one or more years of experience

Racing to the bottom

Job stagnation is manifesting itself in the growing demands from influential castes to compete for jobs reserved for historically marginalised groups

India's youth are in demand for employment in world: LS speaker Om Birla

Lok Sabha Speaker Om Birla on Saturday said that India's youth are in demand for employment in the world. He noted that population of youth is decreasing and that of old is rising in both developing and developed countries. Birla, the MP from Kota, was speaking at an event organized by Kota Grain and Seeds Merchant Association here to felicitate and welcome him after his re-election. Birla said that during his foreign visits and meeting with his foreign counterparts, he found India's youth are in biggest demand for employment in the world. Recounting his meeting with his counterpart from Japan, Birla said, "The Speaker from Japan claimed in a meeting that he could provide employment to more than 50,000 youths in Japan and in their industries in India." He pointed out that youth population is decreasing while that of old is increasing both in developing and developed countries and that makes demand for youth from India for employment. Since knowledge of the foreign languages is ..

Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty

Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'

Budget a right start to resolve jobs issues: Experts at 'Budget with BS'

At the 'Budget with BS' event in Mumbai on Wednesday, economic experts shared their perspectives on the recently introduced Budget during an insightful panel discussion with Business Standard

Big firms don't connect with the masses

The idea that large companies need demand visibility to invest, so lower-income demand needs to be stimulated, does not hold water

Hiring in power, energy sector in country witnesses 9% growth in H1FY25

Hiring activity in the power and energy sector increased by 9.01 per cent in the first half of this financial year (H1FY25) compared to the same period last year, as the country works towards achieving net-zero emissions by 2070, a report has stated. India's energy sector is undergoing a significant transformation in line with the nation's commitment to achieving net-zero emissions by 2070. This is reflected in the impressive 9.01 per cent net employment change in the power and energy sector, indicating a move towards a low-carbon future driven by significant government initiatives, according to TeamLease Services 'Employment Outlook Report' for H1FY25. TeamLease Services 'Employment Outlook Report, showcases changes in employment for the period between April-September 2024-25, based on a survey of 1,417 employers across 23 industries. The report further revealed that in the power and energy sector, Delhi leads existing job locations at 56 per cent, followed by Bengaluru at 53 per .

Unemployment rate will drop below 3%, no concern for job losses: Mandaviya

Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate

10 mn youth to get internships at top companies over next 5 yrs: Mandaviya

Mandaviya applauded Union Budget and said that first budget under PM Modi's third term is aimed at increasing employment, supporting middle class, and boosting growth rate of country's economy

WayCool lays off over 200 employees, aims to achieve profitability

The layoffs have impacted employees across Chennai, Bengaluru and Hyderabad

11% increase in US dollar withdrawals in India since May 2023: Report

Software engineers, consultants made the most such withdrawals in 18 countries, says payroll company Deel