Page 6 - Employment

Turn of the intern: Can India Inc absorb 10 million interns over 5 years?

Experts observe that the main challenge with the scheme lies in the absorption capacity of India Inc, rather than its financial impact on the companies' profit and loss accounts

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 ..

Creating employment

Budget takes an untested approach to job creation

Right to livelihood: Job creation gets Budget boost with incentives

Only those employers that hire 50 non-EPFO-enrolled workers, or 25 per cent of its previous year's EPFO employees, will be eligible

Budget 2024 to provide Rs 1.48 trn for education, employment and skilling

In her record seventh Budget speech, Sitharaman said that the Budget would focus on employment, skilling, micro, small and medium enterprises (MSMEs), and the middle class

Apprenticeship framework must provide flexibility in work hours: Eco Survey

Such reform and better compensation will improve employability of vocational students, it says

Employment generation is 'real bottom line' for private sector: Eco Survey

The Economic Survey notes that businesses have an obligation to themselves to strike the right balance between deployment of capital and deployment of labour

Tech transforms CIO roles into CDIOs; over 33% rise in hiring, study claims

There has been a 33 per cent increase in the hiring and the creation of posts of chief digital and information officers (CDIOs) in the recent past following rapid advancements in technology, according to a study. The spike has been triggered by the transformation of the roles of chief information officers (CIOs) into those of CDIOs, it said. The study is based on WalkWater's analysis drawn from a survey among profiles of 310 CIOs and CDIOs across 272 companies. In the landscape of modern business, the role of CIOs has undergone a profound evolution, transforming into what is now widely recognised as the CDIO, a study by executive search firms WalkWater Talent Advisors has revealed. "One in three companies studied has recently established or filled the CDIO role, underscoring its growing importance in today's business landscape," the study added. It noted that the emergence of CDIOs signifies a shift towards not just managing technology but strategically leveraging it to drive busi

Karnataka govt halts Bill mandating private firm quotas for Kannadigas: CMO

The Bill mandates firms in the state to prioritise local hires for 70% of non-management roles and 50% of management-level jobs

Flexi staffing industry rose 15% in FY24: Indian Staffing Federation

The report also noted that the average salary within flexi staffing is Rs 22,000, as this industry creates formal employment that is much above minimum wages

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

West Bengal lost 3 million jobs in informal sector in 7 years: NSO data

Maha best performer with 2.4 mn additions, shows NSO data

Significance and implications of the ongoing placement blues at IITs

With the rise of the 'unplaced', getting into an IIT no longer guarantees a good career. What is the way out?

A new paradigm for creating jobs

It would be prudent to take up a few sectors initially, get the policy instruments right, and put in the critical mass of resources to achieve a self-sustaining inflexion point

'Bright future': Stanford PhD scholar takes job as clerk in rural China

Su Zhen ranked first in the written test, interview, and final score among the six candidates vying for city civil service

Govt mulls increasing frequency of unemployment data to monthly, quarterly

Developed countries typically release jobs data on a monthly basis, which is widely tracked by markets and economists to measure resilience of the economy

CITU opposes govt's move to lower penal charges on defaulting employers

Earlier on Saturday, the ministry of labour and employment issued a notification that significantly lowered the penal charges applicable on employers

Employment in informal sector below pre-Covid level, shows NSO data

According to the factsheet, the number of unincorporated enterprises rose by 2 million between July 2015-June 2016 and October 2022-September 2023 to 65.04 million

Job demand in renewable energy sector surges 23.7% in FY24: Report

On the occasion of the World Environment Day, a report on Wednesday revealed that in India the job demand in the renewable energy sector witnessed a growth of 23.7 per cent during 2023-24, accompanied by a consistent decline in attrition rates. The renewable energy sector has experienced a remarkable surge in jobs, with a staggering 23.7 per cent increase in FY24, compared to 8.5 per cent in FY23, according to a report by staffing company TeamLease Services. The demand for roles is exceptionally high in tier II and III cities, where most renewable energy projects are located, it stated. While positions in operations, maintenance, and technical roles are highly sought, there is a rising demand for solar PV and wind turbine technicians and installers, roofers, production operators, storage operators, and waste management specialists, the report added. "We are witnessing a positive trend in the renewable sector's workforce. The renewable energy sector is more than just about green ...

Gig workforce Vs formal employment: What’s the future?

With the demand for freelance jobs in India rising, a report says 83% of the respondents believe that going forward, the gig workforce will overshadow the traditional workforce. How feasible is it?