Page 3 - Indian Workforce

'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

Forging hope amidst closure: New beginnings for GM's Talegaon Plant?

The workforce at the facility holds onto aspirations of resurgence, hopeful for opportunities with Hyundai's asset transfer deal

Expleo to double workforce in India, hire 5,000 people in 2.5 years: MD

French IT company Expleo's Indian arm plans to more than double its workforce in the country by hiring around 5,000 people over a period of two-and-a-half years, a senior official of the company said. Expleo Solutions CEO and MD Balaji Viswanathan, who heads India business, told PTI that the company sees growth primarily on account of expansion of business in the US. "The company aims to hire an additional more than 5,000 people over the next two-and-a-half years, including a focus on hiring fresh graduates. While other larger players are slowing down on hiring fresh graduates, the company believes it will provide future growth acceleration. The expectation is to double the current workforce of around 4,700 people, reaching a little over 9,700 employees," he said. Expleo works with multiple industries on a global scale, with a primary focus on aerospace, automotive, and transportation. Aerospace accounts for about 40 per cent of Expleo global business, automotive 35 per cent, ...

India becoming hub for technology workforce of GCCs: Sarah Pearse

Insurance giant Marsh McLennan is expanding its team in the country, say senior executive of the group

50% of gig workforce interested in full-time employment, says report

A half of the gig workforce surveyed is interested in full-time employment with stability a major concern among them, according to a report. Over 50 per cent of gig workers, also known as temporary workers, who were a part of the survey, said they will eventually pursue full-time employment, according to the report by staffing firm Ciel HR Services, which was released on Friday. The report is based on a survey of 1,200 white-collar gig workers from over 400 organisations across sectors in the country. While gig work has gained popularity as an alternative form of employment, it appeared that a considerable number of them view it as a temporary or transitional phase in their careers, with the intention of eventually securing a permanent, full-time position, the report added. It said 41 per cent men and 40 per cent women respondents shared a strong interest in working on different projects. This suggested that gig workers, regardless of gender, appreciate the opportunity to engage i

ELGi Equipments brings all-women workforce at 2 assembly lines in TN unit

Elgi Equipments Ltd, manufacturer of air compressors, has introduced assembly lines at its unit in Tamil Nadu entirely operated by women workforce, the company said on Tuesday. The Coimbatore-based company, in a statement, said it reiterates commitment towards building a gender-diverse, inclusive workforce through women empowerment and skill development. Twenty women employees would be managing the air-end assembly line, encapsulated air-end assembly line and the ELGi new generation compressor top block assembly line at the company's ELGi Air Centre in Coimbatore. After obtaining graduation on a three-year technical training programme comprising modules on machining, welding, electrical work, engineering and production technologies at ELGi Vocational Training School, the women candidates were directly recruited at the facility, ELGi Equipments said. "In line with ELGi's focus on fostering a safe and healthy work environment, every woman working on the shop floor has received ...

Amid global challenges, India a silver lining: HUL's Nitin Paranjpe

He said there were five factors that would help India in its growth journey

Urban Company to have 30% women in leadership, senior roles by 2025

In 2022, the company invested Rs 72 crore in training and upskilling its partners

Top headlines: RBI on Rs 500 notes report, India to have 40% of workforce

Business Standard brings you the top headlines at this hour

India to have 40% of global workforce by 2050, but needs to skill it: Doval

NSA Doval said India's greatest strength is its human resource, which he said was committed to nationalism

TCS records higher attrition rate among women than male colleagues in FY23

Lack of caregiving duties has impacted female workers during the Covid-19 pandemic, but with companies such as TCS, returning to work-from-office culture, many have chosen to opt out of the workforce

90% of Indians expect a pay hike in 2023, why do they feel underpaid?

Presenting a hopeful picture, the report underlines that optimism about the next five years in the workplace continues to remain high at 87%

Economic cost of heat waves higher in India than the rest of the world

More productivity loss expected than elsewhere as temperatures rise

72% of workers in Apple's India factories are women; Foxconn best performer

The gender data is based on details provided to the states and the central government

Indian firms must focus on skilling workforce, flexibility. HR survey

50% organisations don't have clarity on skills their employees will need in future, it says

Corporate India recognises need for flexibility, skilled workforce: Study

A significant percentage of organizations understand the current skills and development needs of their employees and are providing access to upskilling or reskilling opportunities to all employees, says a study. According to Mercer's 2023 Global Talent Trends study, 64 per cent of companies surveyed offer flexible work options for all employees and 54 per cent of organizations have total well-being initiatives. Mercer conducts a comprehensive Global Talent Trends study that includes the perspectives of CXOs, HR leaders and experts, and employees. As many as 124 HR leaders participated in the pulse survey, representing approximately 8,00,000 employees across technology, auto, manufacturing, professional and financial services sectors. Amid external challenging environmental situations laden with inflation, recession and tight labour market concerns, 45 per cent of the companies in India are redesigning work with employee well-being in mind such as realistic workload, no-meeting days