Page 5 - Indian Workforce

Gig workforce to add 9-11 million jobs by 2025 in India, says report

With more and more companies preferring to hire employees on project basis, a report has revealed that there is likely to be 90-110 lakh additions to the gig workforce by 2025, a report said on Wednesday. The gig economy has been one of the most pivotal economic shifts in a long time and people are choosing gig jobs because it works with their lifestyle, they can choose when and how much they work, or it allows them to earn money between jobs, global job site Indeed said in the report. According to the report, companies have also started investing in gig work platforms and processes, which indicates how integral they are to the future of jobs growth in India. A majority of the employers surveyed (58 per cent) estimate the gig workforce to grow to 90-110 lakh, or even exceed this number by 2025, the report revealed. Gig workers are freelancers or contractors who work independently, typically on a short-term basis for multiple clients. "With the emergence of app-based models for rol

Indian migrant workers send home record $100 billion in 2022: World Bank

It was observed that there was a gradual shift in Indian migrants' key destinations from largely low-skilled, informal employment in the GCC countries to a dominant share of high-income countries

China plus one: Low labour costs and growing workforce give India the edge

A large and abundant workforce also gives it an edge against South East Asian rivals

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.

Twitter fires majority of employees in India as part of global layoffs

The lay-offs in India were across segments such as policy, communication, engineering and development, said sources in the know

Women's education will increase their participation in workforce: President

She also urged them to take up the responsibility of educating the uneducated and spreading the light of knowledge

Women bosses fare worst in accumulated savings: Gender Wealth Equity report

Gender wealth equity varies the most in the Asia-Pacific regions and the least in North America, finds the WTW Global Gender Wealth Equity report

Two-thirds of Indian technology enterprises hiring gig workers: Report

Software development, UI/UX design, data analytics top three skills companies need

50 mn networking conversations witnessed among rising workforce in Q3: Apna

Apna.co said it has facilitated professional networking through various algorithms and technology tools

Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report

Technology-related jobs have managed to marginally increase their contribution to the overall workforce by 4 per cent, while the hiring trend is slowing down in general

How digitisation and access to the internet are leaving Indian women behind

The pandemic reinforced the importance of access to mobile and mobile internet for information, healthcare, education as well as e-commerce, financial services and income-generation opportunities

The great Indian unicorn conundrum: High valuations and higher losses

Companies get investors' financing though many of them not on path to profitability

Companies see slowdown in growth of temporary, contract and casual jobs

As a result, the ratio of temporary, contract and casual jobs as a proportion of the total workforce is at its lowest in at least five years

Automation Anywhere raises $200 mn from Silicon Valley Bank, others

The firm's cloud customers have run an estimated 50 million automations in 2022, with leading firms deploying thousands of bots across their organisations

Govt notifies logistics policy, infra ministries to devise plans in 6 mths

PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better 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