Page 2 - Indian Workforce

74% employees prioritise long-term benefits over bigger paychecks: Report

With rising cost-of-living pressures and evolving workforce expectations, a report has revealed shifting priorities with 74 per cent of respondents saying they prefer a slightly lower salary with stronger long-term benefits. Around 74 per cent of employees interviewed stated that they would choose a slightly lower salary in exchange for stronger long-term benefits such as health insurance, retirement planning, and education support, a report by staffing solutions and HR services provider Genius Consultants has revealed. The report by Genius Consultants is based on inputs from 1,139 employees across sectors pan India. It further found that currently only 32 per cent of employees felt that their current benefits package effectively supports their financial well-being, while over 61 per cent said their benefits were inadequate. Over 54 per cent of employees interviewed said their company does not prioritise mental and financial health while implementing wellness programs, said the ...

Top talent moving to the US: Sachin Bansal on India's brain drain

He also pointed out that Indians are highly successful in the US, often holding top leadership positions

Statsguru: Youth employability declines amid looming AI disruption

The unemployment rate for those aged 15 and above with graduate-level education has dropped over the years in both rural and urban areas

Sunrise sectors drive India's apprenticeship growth to record high: Report

Industries at the forefront of technological and economic transformation are increasingly turning to apprenticeships to build a skilled workforce, according to the latest Apprenticeship Outlook Report

India's workforce set to increase to 457.62 mn by 2028: ServiceNow Report

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. According to the report this surge in demand presents retail professionals with a valuable opportunity to upskill in areas like Software Application Development and Data Engineering, equipping them for a tech-driven landscape. This is followed by manufacturing (1.50 million jobs), education (0.84 million jobs), and healthcare (0.80 million jobs), propelled by expected economic growth and tech transformation, it stated. "AI will be a key catalyst for job creation across India's growth engines, particularly in roles requiring advanced technical skills. This strategic emphasis will not only create more high-value opportunities fo

Proper infra, workforce key challenges for logistics industry: Experts

Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impacts the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head - Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability to increase freight rates amid competitive pressures, an inflationary environment and relatively sticky diesel prices, he noted. BookMyCargo founder JD Yadav said the ...

Flexible work guidelines for women in the works as govt targets higher LFPR

This framework may not be legally binding but could serve as a guideline for states and companies to adopt, with a report anticipated by the end of this year

India's skilled workforce can play key role in global job market: PM Modi

In July, the Union Budget announced a set of five schemes at a cost of Rs 2 trillion for skilling and employment as part of the Prime Minister's package

Over half of Reliance employees under 30, women make up 21% of workforce

Reliance's total employee count stands at 347,362, of which 74,317 are women. Among the new joinees during FY24, a total of 41,092 were women

AI solutions firm Tredence to expand India operations, to hire more staff

Plans to increase its workforce in India by 60 per cent by mid-2025

More women join workforce, but leadership gaps remain, shows study

The report, based on LinkedIn's economic graph data, offers insights into gender representation across industries and job functions in India

ILO to hold talks to add framework for workforce protection in care economy

Member countries, including India, are expected to develop their national policies for promotion of care workers in line with international standards

40% campus hires in 2023 were women; IT attracts highest participation

HirePro report reveals 5% surge in female participation in campus hiring, with south India leading the trend

Clinisys Laboratory Solutions to ramp up India hiring by 50% in 2024

Clinisys holds a leadership position in the clinical laboratory information systems market, with a 19 per cent share of the market

Longer working hours & low earnings: How India's gig workforce fares

The report captures trends of earnings and working conditions among the workers in the app-based gig and platform economy

Female workforce grows in automotive manufacturing as tech adoption surges

Automation, skilled talent requirements, along with active measures to improve gender representation drive female hiring in the automobile industry

Progress or distress? Women's participation in workforce increases

Government says the trend is a result of its welfare and easy credit programmes

Cognizant's workforce reduces by 7,600 in 2023; 4,500 cut in India

Total global headcount of Cognizant at the end of 2023 was 347,700, with nearly 250,000 employees in India

Central govt workforce likely to decline by nearly 50,000 in 2025

The Interim Budget documents for FY25 show central government employee strength is estimated to peak in 2024 at 3.51 million, growing 12 per cent over the preceding year

Fusion CX opens BPO facility; firm's India workforce to hit 10,000

Business process management (BPM) company Fusion CX on Friday announced the opening of a 500-seat facility in Navi Mumbai. The company, which employs 9,500 of its global workforce of over 14,000 in India, aims to add another 500 employees to take its overall base in the country to over 10,000 in the next quarter, as per an official statement. It will serve global clientele out of the newly-opened facility spread over 20,000 square feet. The facility will help offer multi-lingual, omni-channel customer experience management, technical support, and back-office operations to clients in various sectors including healthcare, BFSI (banking, financial services and insurance), technology, retail, and utilities. The company's director and co-founder Kishore Saraogi said the expansion of the Mumbai operation will help Fusion CX establish a strong presence in all four regions (north, east, west, south) of the country.