Page 5 - Indian Workforce

Top headlines: Rupee at new low; Unilever CEO to quit end of next year

From rupee touching a new low to Unilever CEO quitting by end of next year; here are the top headlines this evening

Indian workforce to get average salary hike of 10.4% in 2023: Report

Despite global macroeconomic conditions and rising inflation, salaries in India are likely to increase by 10.4 per cent on average in 2023, compared to an actual increase of 10.6 per cent in 2022

Ola group drives back on layoff plan for nearly 200 engineers, for now

Overall, the company at a group level has a workforce of around 10,000 people

EPFO moving towards automation; set to rationalise workforce for efficiency

EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology

Flexi staffing grew 6.6% in April-June quarter, adds 66,000 jobs: ISF

The growth in the staffing demand was led by the sectors like e-commerce, retail, manufacturing, banking and financial services in the June quarter, ISF reported

WFH to hybrid model: Women workforce gets an inclusive push from India Inc

Recently, Prime Minister Narendra Modi also said that a flexible workplace can be utilised to increase women's labour force participation

Gender disparity: Harder for women to re-enter job market, shows EPFO data

Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female

PM Modi bats for remote work, flexible work hours, calls it the future

Modi said that India missed taking advantage of the first three industrial revolutions because it couldn't keep pace with the changing nature of work

Education as disguised unemployment

As the labour market is unable to absorb new labour, the composition of the workforce (those who are employed) is increasingly ageing

Recovery in youth employment continues to lag worldwide: ILO report

Although the number of unemployed young people worldwide fell from 75 million in 2021 to 73 million in 2022, it is six million more than pre-pandemic levels

69% jobs in India under threat by automation in 20 years: Reports

Nearly 69 per cent of jobs in India are under threat from automation, as the country, with its relatively young workforce, is set to add 160 million new workers over the next 20 years

Hybrid or WFO, rising coronavirus cases haven't disturbed India Inc

Alert to Covid situation, companies across sectors are continuing with existing work models for now

Size of India's gig economy, the challenges it faces and possible remedies

While the tribe of contractual workers is growing rapidly, many of the challenges they have been facing remain unaddressed

Covid cut Indian women out of the job market, putting $6 trillion at stake

India is an extreme illustration of a global phenomenon. Across the world, women were more likely than men to lose jobs during the pandemic, and their recovery has been slower

59% employees not happy at work, retail and e-comm unhappiest: Survey

Concept of workplace happiness stems from direct experiences of employees with their employer and their organisation.

'My mission is to bridge skilling gap in workforce,' says Eruditus CEO

The start-up, which closed $650 million funding at $3.2 billion valuation from Softbank and Accel, operates in the re-skilling space

Indian workforce seek medical insurance, child care post-Covid: Report

Post-Covid, the rising workforce in India is now looking for additional benefits such as medical insurance for themselves and their families, a new report showed

Amazon scales up efforts to increase its women workforce in India

Putts spotlight on women staff, associates, partners who have fought societal, cultural, disability and economic barriers and are also redefining role of a woman in fast-paced e-commerce sector

50% of India leaders feel unsure about the future of work: Report

The future of work involves tapping into talent virtually in tier II and III cities on the one hand, and leveraging the gig economy on the other: PwC report

Exports: Has white-collar success trumped India's blue-collar viability?

If India were trading in only goods, a massive deficit of about $150 bn would have forced down the rupee's value, making Indian manufactured goods cheaper in export markets, writes T N Ninan