Page 4 - Employment

AI set to reshape 38 mn jobs in India by 2030, boost productivity: EY

EY's analysis of over 10,000 tasks across industries highlights varying productivity gains across sectors

Farm workers, drivers largest growing jobs; cashiers most declining: Study

Farm workers and drivers will figure among the fastest growing jobs over the next five years, while roles of cashiers and ticket clerks will see the largest decline, a new study showed on Wednesday. In its Future of Jobs Report 2025, the World Economic Forum (WEF) also said that 170 million new jobs will be created by 2030, while 92 million are projected to be displaced, resulting in 78 million net new jobs. The report, released days before the WEF Annual Meeting in Davos from January 20-25, said that job disruption will equate to 22 per cent of jobs by 2030. Technological advancements, demographic shifts, geoeconomic tensions, and economic pressures are the key drivers of these changes, reshaping industries and professions worldwide. Drawing on data from over 1,000 companies, the study found that the skills gap continues to be the most significant barrier to business transformation today. Nearly 40 per cent of skills required on the job are set to change, and 63 per cent of employ

Job creation slows in unincorporated sector in 2023-24: NSO report

This is according to the latest factsheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' released by the National Statistical Office (NSO) on Tuesday

Himachal to resolve pending cases of employment on compassionate ground: CM

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Tuesday directed officials to formulate a comprehensive policy for employment on compassionate grounds and said his government intends to settle all pending cases. Chairing a high-level meeting, he asked the officials to compile and present data like the department, age and educational qualification of the applicants seeking employment on compassionate grounds, a statement said. The state government is adopting a "liberal and sympathetic" approach to offer employment in the government sector to those who lost their family members during service, he said and instructed the officers to come up with the requisite data in the next meeting on January 10. The government is committed to supporting the well-being of dependents by giving preference to widows and orphans in providing employment on compassionate grounds, he said and added that various aspects would be viewed to benefit the maximum number of applicants. Sukhu said that

Housing in tier-II cities: Assess job prospects, infra before investing

Tier 2 cities are emerging as attractive real estate destinations due to expanding employment opportunities

Labour ministry seeks to lower budget allocation for ELI schemes for FY25

The three ELI schemes announced in the Budget are yet to get approval from the Union Cabinet and have faced considerable delays

Fidelity International announces India appointments, Jetly to lead tech ops

Upasna Nischal to be India site head

Tweaks on cards for PM internship plan: Age, educational criteria may ease

Move may be aimed at attracting more applicants

Vertex Global Services to integrate 10-12% differently-abled into workforce

New York-headquartered Vertex Global Services on Monday announced its plan to integrate 10-12 per cent of differently-abled individuals into its workforce. The company has an existing employee base of 800-plus and has aggressive plans to take it to over 2,500 in the next four years, according to a statement. It plans to integrate 10-12 per cent of differently-abled individuals into the workforce within next four years, it said. This initiative not only promotes inclusivity but also strengthens the diverse talent pool within the organisation, it noted. In India, it stated, the unemployment rate among individuals who are differently abled remains exceptionally high, with some estimates exceeding 70 per cent. This situation persists despite the existence of legislation that allocates 3 per cent of government positions for them, it noted. Vertex Global Services aims to create a diverse pool of opportunities for differently-abled individuals to receive training in multiple languages,

Entry-level workforce across key sectors to earn better salaries: Report

Entry-level jobs, which were witnessing a slowdown, are getting a boost as freshers are offered competitive salaries across key sectors, led by Global Capability Centres (GCCs) and non-tech sectors, a report said on Thursday. The software development and engineering domain, which focuses on coding, designing, and maintaining software applications, is poised to offer lucrative opportunities, the report by TeamLease Digital said. It said the increasing demand for Artificial Intelligence/Machine Learning (AI/ML) skills in software development to enhance productivity, accuracy, and innovation is further driving this trend. As a result, entry-level positions in this domain are expected to see an average salary of Rs 9.37 lakh per annum in GCCs, followed by Rs 6.23 LPA in IT products and services, and Rs 6 LPA in non-tech sectors by the end of 2024-25, the report added. The report by TeamLease is Digital is based on primary data from 15,000 job roles across GCCs, IT services, and non-tec

More jobs, tech, affordable living: Bengaluru challenges Mumbai and Delhi

Bengaluru's rapid growth in jobs, tech innovation, and affordable housing is positioning it as a strong challenger to Mumbai and Delhi

Canada tightens its foreign worker regulation to favour domestic workers

The newly implemented regulations aim to incentivise companies to hire Canadians before resorting to foreign talent

Why marriage costs Indian women their jobs while boosting men's careers

Marriage penalty: Social norms often push Indian women to prioritise family, leading them to leave the workforce or choose lower-paying, less demanding jobs

In J&K Assembly elections, welfare promises face a fiscal reality check

Irrespective of who wins the elections, the region's ability to generate its own tax revenue to finance such poll promises may pose a challenge

ELI schemes likely to favour large companies, Labour Ministry told

Employer bodies share concern as part of stakeholder meet with govt

Unemployment steady, but poor job quality persists amid LFPR surge

The female LFPR - rural and urban combined - also increased from a low of 23.3 per cent in 2017-18 to 41.7 per cent in the latest survey

India known as best place to invest and manufacture in: Piyush Goyal

''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"

Odisha govt okays Rs 45K cr investment proposals, promises 36K employment

CM Manjhi had set a target of attracting industrial investments to the tune of Rs 2.5 lakh crores in the coming 5 years

Labour ministry to move Cabinet note on ELI schemes, says Mandaviya

Union Labour Minister Mansukh Mandaviya on Tuesday said the ministry will move a Cabinet note on the employment-linked incentive (ELI) scheme announced in the Union Budget 2024-25 in July. The minister emphasised upon the importance of a robust mechanism to ensure that the benefits of the ELI Scheme reach the true beneficiaries. "The ministry is finalising a Cabinet note on ELI scheme and it will be soon placed before the Cabinet for approval," he told reporters here. The ELI Scheme aims to create over 2 crore jobs in the country in a period of 2 years. This will significantly contribute to increasing employment opportunities and enhancing livelihood. Three schemes for 'Employment Linked Incentive' were announced in Union Budget 2024-25 as part of the Prime Minister's package of five schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over a 5-year period with a central outlay of Rs. 2 lakh crore. Finance Minister Nirmala Sitharam

Wide gap in literacy, employment figures for Andhra Dalit sub-groups

The Supreme Court on August 1 allowed states to create sub-categories in reservations. In this first of a three-part series, Business Standard looks at Andhra Pradesh