Page 4 - Employment

ELI scheme to boost job creation, social security, says official

The Employment Linked Incentive (ELI) announced in the budget for 2024-25 with an outlay of Rs one lakh crore, will promote job creation and provide social security, an official of Employees' Provident Fund Organisation (EPFO) said on Tuesday. Regional PF Commissioner-I Randhir Kumar said that the scheme is aimed at incentivising creation of 3.5 crore jobs over a period of two years, that it will be effective from August 1, 2025, and to continue till July 31, 2027. He said out of the total of 3.5 crore, 1.92 crore beneficiaries will be first-timers entering the workforce. Kumar said the thrust of the scheme is on the manufacturing sector, adding that you get benefits under the scheme, the establishments need to be registered with the EPFO. For first-time employees, the scheme provides for a maximum amount of Rs 15,000 per annum to be paid in two instalments. The employers will also get incentives by getting an amount of Rs 3,000 per month for each additional and sustained employme

Employment push: New job scheme must be supported by structural reforms

The widespread skill mismatch and the low penetration of technical and vocational education have further compounded the problem

Cabinet approves ₹1 trillion employment-linked incentive scheme

The ELI scheme aims to generate over 35 million jobs by incentivising first-time workers and employers; EPFO-linked scheme covers jobs from August 2025 to July 2027

Women do better than men in education but don't get enough salaried jobs

The number of women in stable and salaried positions is shrinking; they are becoming dependent on informal work

Why does Karnataka govt want you to work for 10 hours a day? | Jobs | Employment

The Karnataka government has proposed a major overhaul of its labour laws. If cleared, daily work hours could rise to 10, and overtime could stretch to 12 hours per day.

Employers head to Tier-II cities, but governance gaps may pare gains

Employers are betting on smaller cities - but without a governance model that keeps pace with economic change, the gains may not last

Government keen to increase credit availability to MSMEs, says official

The government wants to increase credit availability to micro, small and medium enterprises (MSMEs) and also improve them by enhancing technology, an official said on Friday. Addressing CII's Annual General Meeting, Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME said India is the fourth largest economy today and would be the third-largest soon. Rajneesh highlighted how MSMEs took a hit during COVID-19 but turned around very fast. He said that MSMEs provide employment to 27 crore people and that is why the ministry keeps them in mind while making policies. "We want to increase credit availability to MSMEs. This year Budget provided for providing credit cards to micro enterprises," he said adding MSME NPAs (bad loans) were less than 5 per cent in last five years as per RBI data. He also highlighted the role of technology to improve MSMEs, suggesting that through use of technology issues between environment concerns and growth aspirations can be ...

SC ruling on job lock-ins may reshape public sector contracts: Experts

This means that employers can now ask for compensation from employees who leave early, if the clause is not unfair or too harsh

Bank executive pays compensation for quitting too soon: SC says it's fair

Court's judgment in Vijay Bank case could shape how companies make employment contracts, say legal experts

Microsoft lays off 6,000 employees amid AI expansion | Know the full story

Microsoft is laying off over 6,000 employees, its biggest job cut after 2023. What’s behind this move, and what does it signal for the tech industry? Watch to know!

Women hold just 33% of entry-level roles in private jobs in India: Report

Workforce gender gap begins early in India with women holding just one in three entry-level private sector roles and only 24 per cent of managerial positions, a report said on Wednesday. In India, despite forming half of the university graduate pool, women continue to face systemic barriers to entry, advancement, and retention in formal employment, according to McKinsey & Company's 'Women in the Workplace' report. It showed that women hold just one in three entry-level private sector roles and only 24 per cent of manager positions, signalling a wide gap between potential and actual representation. The report is based on insights of 324 organisations across India, Nigeria, and Kenya employing roughly 1.4 million people, including 77 private sector organisations from India (having a total of 9 lakh employees). The gender imbalance in India is further highlighted by a seven-year age gap at the entry level where women average 39 years compared to men at 32 years, the widest gap across

Enterprises with output below Rs 500 cr account for 63% of employment

But these enterprises, a pilot study showed, accounted for only 36.84 per cent of total compensation

One million gig workers registered on e-Shram portal: Mansukh Mandaviya

"The registration of gig workers is an ongoing process, and we're working in line with the Budget announcement. We are likely to register 3-4 million in the next three months," the minister said

Delhi govt hikes minimum wages across worker categories; know full details here | Jobs | employment

The Delhi government has announced a fresh hike in minimum wages across all worker categories. It’s aimed at easing the pinch of rising living costs and inflation.

Telangana women, Goa men spent most time on job activities in 2024

Among union territories (UTs), men in Delhi spent the highest time (406 minutes) on 'employment-related activities'

Global Capability Centers salaries poised to grow 9.8% over next 12 months

The strong salary growth spans across junior and mid-level roles, fueled by demand in fields like AI, ML, Cloud Computing, and Cybersecurity

Over 2 million AI jobs in India with a 1 million talent gap: Bain & Company

In 2025, India's total AI talent pool will grow from 800,000 in 2024 to 940,000. However, the baseline demand for AI talent, which will be 1.5 million, could peak at 2 million.

The employment paradox: Skilling schemes need more realistic streamlining

Last year, a study by TeamLease showed that India produces a staggering 1.5 million engineers every year, but only 45 per cent meet industry standards

White-collar job market sees 4% growth in Feb; AI job demand leads: Report

The Indian white-collar job market maintained its growth momentum in February this year, recording a 4 per cent year-on-year increase, mainly led by recruitments in the Artificial Intelligence (AI-ML) and hospitality sectors, a report said on Monday. The job market has begun the new year on a positive note, reporting positive growth in both January and February. "Moreover, considering that February last year saw an 8 per cent de-growth, it looks even more promising this year around. While AI/ML hiring continues its buoyant trend, it is also encouraging to see sectors like Hospitality driving growth," Naukri Chief Business Officer Pawan Goyal said, quoting the Naukri JobSpeak Index report. The Naukri JobSpeak is a monthly Index that tracks Indian job market trends and hiring activity based on new job listings and recruiter searches on Naukri.com's resume database. Further, the report revealed that the other sectors which demonstrated positive performance in February include real est

Blaming welfare schemes for labour woes ignores real economic shifts

For India Inc, like big business everywhere, the standard response is to view welfarism as an impediment to business plans