Page 2 - Indian Workforce

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.

Centre releases advisories, surveys to boost female workforce participation

Key recommendations from the central government's advisories include promoting women in leadership and management roles, crafting gender-neutral job advertisements, among others

Agri, self-employment drive women participation in rural workforce: FinMin

The report pointed out that the female labour force participation rate (FLFPR) has been rising for at least six years now, to 37 per cent in 2022-23 from 23.3 per cent in 2017-18

Food delivery giant Swiggy to slash 6% of workforce to trim costs: Report

The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, the report said, the report stated

77% of Gen Z students shows interest in technology industry: Report

The technology industry in India continues to draw Gen Z students with 77 per cent of them showing interest towards the sector, a report by Nasscom-Indeed said. Millennials and Gen Zs constitute around 90 per cent of the tech workforce in India enabling higher generational diversity and driving a shift in preferences. "Learning and Growth and Culture and Ethics are the top criteria for both Millennials and Gen Z when selecting an organisation, highlighting the employers' continued focus on skilling and upskilling to navigate the current work environment and develop their desired career paths," the Nasscom-Indeed Future of Work report 2024, which was released on Monday, said. "The technology industry in India continues to be the industry of choice for Gen Z students with 77 per cent... showing interest towards the industry," it said. The survey by Nasscom and Indeed involved 185 employers and over 2,500 individuals from current and future workforces. As much as 84 per cent of ...

Quality workforce, investment in R&D essential to become 'developed nation'

To bolster its goal of becoming a developed nation by 2047, India needs to substantially increase the size of its quality workforce and investment in R&D in science and technology, including by the private sector, a top Indian official has said. In an interview with PTI on the sidelines of the PANIIT 2024 meeting in a Maryland suburb of Washington DC, Abhay Karandikar, Secretary, Department of Science and Technology, said that one of the key challenges that India has is shortage of trained manpower in R&D sector and "that requires to be enhanced substantially. Given the size and scale of our country, we need a large number of quality R&D workforce to drive the science and technology landscape of the country, he said. Another thing is that we need substantial investment in the R&D sector as a percentage of our GDP, which has been really much lower than the world average, Karandikar said in response to a question. India has taken the initiative to set up a very ...

A sense of collective achievement prevailed, says L&T's S V Desai

S V Desai, whole-time director & senior executive vice-president (civil infrastructure), L&T, talked about the challenges and learnings from executing India's longest sea bridge

Vibrant Gujarat Summit: Investment push to create employment opportunities

Gujarat's commitment to progress is evident not only in its thriving economy but also in employment statistics, with the state having the labour force participation rate of 44.3 per cent and worker population ratio of 43.3 per cent for all age groups, officials said. The Gujarat government's thrust to create opportunities and foster a thriving workforce is evident in its numbers and expert analysis. May be other states can adapt this model to lower their unemployment numbers, Chief Minister Bhupendra Patel said at a function recently. Gujarat's unemployment rate of 2.2 per cent is considerably lower than the national average of 4.2 per cent, thanks to the conducive investment environment created by the government that adds to job creation, as per government data. More than 2,700 Memorandums of Understanding (MoU) signed by investors with the state government so far in the run up to the Vibrant Gujarat Global Summit to be organised from January 10 to 12 have the potential to generate

India is world's emerging workforce, says Tata Sons Chairman Chandrasekaran

At 16th JRD Tata oration, N Chandrasekaran highlights the role of Indian youth in global development and the importance of education, healthcare, and digital inclusivity

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

India's growth to be led by women, says NITI vice-chairman Suman Bery

The remark assumes significance as the ruling Bharatiya Janata Party has been pushing for women's empowerment as a major agenda in the run-up to the 2024 Lok Sabha elections

India's workforce faces rising medical inflation, reveals report

The report also revealed nearly 59 per cent skip their annual health checkups, while 90 per cent neglect regular doctor consultations to monitor their health

'Micro-firms' could be holding back women from finding employment: Study

Research finds that increasing company size directly increases female participation in the workforce and amending labour laws and policies can help improve gender inclusivity

No incentives for industrial units that do not have 80% locals: Himachal

Industrial units not abiding by the government's directive to have 80 per cent locals in their workforce will not get any incentive, Himachal Pradesh industry minister Harshwardhan Chauhan said on Friday. About 81 per cent of Himachalis are working in the 27,719 industrial units functional in the state. At present a total of 2,28,977 workers have been employed in these units, out of which 1,86,289 workers are from Himachal, Chauhan informed the state assembly while replying to a question of K L Thakur (MLA from Nalagarh) and Inder Dutt Lakhanpal (MAL from Barsar). He said that 80 per cent bonafide Himachalis would be engaged in the industrial enterprises as per the criteria of Himachal Pradesh Industrial Investment Policy-2019. The percentage of Himachalis is 72.60 per cent in Baddi Barotiwala Nalagarh industrial area where 94,560 workers are working in 2,714 industrial units, he added. Hoshyar Singh, independent MLA from Dehra, said that the locals are not given employment in the

As employees return to office, cigarette demand may rise by 7-9% in FY24

Return of a large number of workforce to offices, coupled with a stable tax regime, is likely to push up cigarette demand by 7-9 per cent this fiscal, according to a report. Cigarette volumes saw an 18 per cent rebound in the last fiscal after the pandemic hit demand in the previous two financial years, the report by Crisil Ratings said on Thursday. Going forward, volume growth is expected to move closer to the long-term average of 5 per cent, the rating agency said in the report. On the other hand, profitability of manufacturers is likely to remain strong despite input cost pressures in FY24 as they focus on premium cigarettes and hike prices in select categories, the report said. Healthy balance sheets will support credit profiles, the report, which is based on an analysis of cigarette manufacturers accounting for over 90 per cent of the organised segment's sales volume, said. Anand Kulkarni, a Director at Crisil Ratings, said physical occupancy at the workplace plays a signific

Dunzo defers employee salaries for June and July yet again to November

The startup had previously deferred the June and July salaries of over 50 per cent of its workforce of 1,000 to the first week of September

Share of AI/ML in telecom firms' workforce rises to 20% on 5G rollout

By the end of financial year 2023-24 (FY24), the proportion of AI/ML-led jobs is seen to reach 23 per cent