Page 6 - Employment

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

General Elections 2024 generate up to 900,000 temporary jobs: Experts

As the country goes through general elections, industry experts say up to 9 lakh temporary jobs are expected to have been created across different roles due to the hustings. The first phase of general elections was held on April 19 with 102 constituencies across 21 states and UTs going to polls. The last phase of the 2024 Lok Sabha elections will be held on June 1. "The exact number of temporary jobs created during the 2024 Lok Sabha Elections across the country would depend on various factors such as the scale of the election, the number of polling stations, and the requirements of election-related activities. However, on our platform, we anticipate at least 9 lakh jobs during the elections," WorkIndia CEO and co-founder Nilesh Dungarwal told PTI. The temporary jobs created during the 2024 Lok Sabha Elections encompass a diverse range of roles catering to different aspects of the electoral process, he said. He said some common positions include polling booth officials, election ..

Unemployment rate to decline 97 basis points by 2028, says ORF report

India's unemployment rate is likely to decline by as much as 97 basis points by 2028 as the country's economy hits the USD 5 trillion mark, fuelling a rise in employment, a new report said on Tuesday. Unemployment rate -- the percentage of people in the labour force who are without jobs -- is projected to fall from 4.47 per cent in 2024 to 3.68 per cent in 2028, the India Employment Outlook 2030 report by thinktank Observer Research Foundation (ORF) said. "India's job market is experiencing a transformation as the country has become the world's fastest growing large economy in the aftermath of the Covid-19 pandemic," the report said. The country's young population, whose median age is 28.4 years, holds a key to fuelling economic expansion. "With a GDP growth rate of 7.8 per cent, India could potentially achieve its target of becoming a USD 5-trillion economy by 2026-27, with such growth being underpinned by strong private consumption and public investment," it said. India's gross

National Career Service: How to look for jobs, learn new skills on portal

NCS links jobseekers, employers, counsellors and training providers, through Aadhaar-based authentication.

Over 80 million people worked under MGNREGA in FY24, shows data

It is the lowest number of beneficiaries to have accessed employment under the scheme since the Covid-19 pandemic

Generating employment

Technological changes will increase challenges

'Public investment of 2% of GDP can create 11 mn jobs, majority for women'

Direct public investment of 2 per cent of India's GDP can potentially generate 11 million jobs, nearly 70 per cent of which will go to women, according to a report released by Ficci Ladies Organisation (FLO) on Wednesday. The FLO also unveiled a roadmap for transforming India's care economy, including five key areas, leave policies, care service subsidies, investment in care infrastructure, skill training for care workers, and quality assurance mechanisms. "In India, the Ministry of Labour and Employment can consider supporting MSMEs and startups financially for maternity leave, revising parental leave policies, and promoting care work leave and flexible work options. This could include introducing market-based financing for leave, such as parental leave insurance. Employers are encouraged to adopt gender-neutral care work leave and flexible work options," Ficci Ladies Organisation (FLO) stated. It said collaboration between government agencies and industry bodies can promote these

Govt initiatives, growing investment to create more jobs during decade: CEA

Various initiatives from the government and growing investment are going to create more job opportunities during the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. The last decade of the century was marked by a decline in capital formation in the economy and moderation in credit growth, he said at an event here. "Hopefully, those things are a thing of the past. Non food credit growth is now running close to 20 per cent, balance sheets of companies and banks are in good shape and hiring (is showing improvement)," he said. Quoting 2021-22 data, he said, employment in agriculture declined by 15 lakh, manufacturing and services added 37 lakh jobs each and the construction sector generated 19 lakh jobs, he said. "This trend we hope will continue in the future, as indicated by the robust gross value added growth in manufacturing and construction sectors," he said. Talking about various government initiatives for job creation, Nageswaran said, skill developmen

BFSI, e-com, staffing sectors most vulnerable to employment fraud: Study

The study categorised cases into green, amber, and red classification, where green denoted a smooth hiring path with all candidate details matching verified documents

Around 1,300 youths join government service in Odisha: CM Patnaik

Odisha Chief Minister Naveen Patnaik on Saturday highlighted his government's dedication to enacting transformative changes in the lives of people and underscored the primacy of public welfare in his governance approach. The CM said this while gracing a function where 1,294 people were recruited for government jobs. He said the new employees should work with all their sincerity and commitment to serve the people. Of the 1,294 people who joined the state government, 725 were accommodated in the school & mass education department, 280 joined the finance department and 129 were recruited in the rural development department. Welcoming the officials, Patnaik said this is a huge achievement in our endeavour to accelerate the process of recruitment for filling up vacancies in the government. He expressed joy over the appointment of numerous outstanding sportspersons, noting that their inclusion would serve as a source of inspiration for budding talents in the sporting arena. Stating that

Fresh formal jobs created last year fell nearly 10%, shows EPFO data

EPFO data shows 10.78 mn new users joined compared to 11.93 mn in 2022

Govt negotiating with Gail to employ 34 people troubled by JBF crisis

The Karnataka government is in talks with the Centre to provide jobs at Gas Authority of India Limited to 34 employees who are left in the lurch due to a financial crisis in JBF Industries Ltd, state Large and Medium Industries minister MB Patil said on Tuesday in the legislative council. He was replying to a question by Congress member Manjunath Bhandari. The minister said that talks will be held again with top officials of GAIL. The minister's reference was to 34 people who were evicted after they gave their lands to JBF Industries Ltd in Mangalore Special Economic Zone (SEZ). According to the government rules, the company should have employed 115 such people who gave up their land for the project. Later, the company employed only 81 of them in 2012. However, the company ran into a financial crisis in 2017 and was handed over to Gas Authority of India Ltd (GAIL) as per the process held at NCLT (National Company Law Tribunal). Though GAIL paid them wages till March 2023, problem

NDA provided 1.5x more govt jobs than UPA, says PM Narendra Modi

He said the share of women in new appointments in Rojgar Melas had gone up to 18-20 per cent compared to the 7-8 per cent share in the appointments made by the previous government

Uttar Pradesh govt targets 1 million tonne capacity and 120,000 jobs

The state had received investment proposals worth Rs 2.73 trillion for green hydrogen plants from 20 companies at the UP Global Investors Summit in February 2023