Page 6 - Employment

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?

New formal hirings at a 34-month low in March, shows EPFO payroll data

Share of youth, women slightly increased; net payroll additions down by 7%

French BPM major Teleperformance to hire 15,000 people by end of 2025

The company plans to add 60,000 employees over the next three years in India

514 million person-years employment created during 2014-24: Report

A SKOCH report on Monday claimed that 51.40 crore person years of employment was generated between 2014 and 2024 during the Modi government regime. A man-year or person-year is a unit of measurement for the amount of work done by an individual throughout the entire year expressed in hours. The report titled, Employment Generative Impact of ModiNomics: The Paradigm Shifts, is based on 80 case studies covering borrowers who took multiple loans and data of various government schemes.. "Over a period between 2014-24, a total of 51.40 crore employment has been generated. Out of which 19.79 crore employment has been generated by governance-led interventions. The rest, 31.61 crore, has been contributed by credit-led interventions," a release said. SKOCH Group is India's think tank dealing with socio-economic issues, focusing on inclusive growth since 1997.. The current study also finds that micro-loans are being used to generate employment that is steady and stable, it stated. "We have

Jobs listed on govt's NCS portal surge threefold to 10.9 million in FY24

In FY24, the number of job seekers selected via the portal surged by 53 per cent to reach 8.72 million, compared to 5.72 million in FY23