Page 3 - Jobs In Manufacturing

ESIC adds 1.6 million new members in November, 317K females: Payroll data

The Employees' State Insurance Corporation (ESIC) added 15.92 lakh new members in November 2023, according to provisional payroll data released on Tuesday. Around 20,830 new establishments were registered and brought under the social security umbrella of ESIC in November ensuring more coverage, the labour ministry said in a statement. The data shows that more jobs were generated for the youth during the month as out of the total 15.92 lakh employees added, 7.47 lakh, which constituted 47 per cent of the total registrations, were up to the age group of 25 years. Net enrolment of female members was 3.17 lakh in November 2023, according to the data. A total of 58 transgender employees were registered under ESI Scheme in November. It shows that ESIC is committed to delivering its benefits to every section of the society, the ministry stated. The payroll data is provisional since the data generation is a continuous exercise.

Hiring expected to recover in 2024; likely to witness 8.3% growth: Report

The overall hiring this year is expected to grow 8.3 per cent this year with the job market showing signs of recovery in December, a report said on Thursday. December witnessed a 2 per cent growth in hiring, the foundit Annual Trends Report said. It projected an overall hiring expansion of 8.3 per cent for 2024, with Bengaluru expected to see an 11 per cent surge. Key sectors that will experience increased hiring include manufacturing, BFSI, automotive, retail, and travel and tourism, it said. According to the data from the foundit Insights Tracker (fit), hiring activity in 2023 was 5 per cent lower than in 2022, indicating a slowdown in the job market. However, the index also showed a 2 per cent increase in the last month of 2023, suggesting a possible turnaround in the hiring scenario. "The economy experienced a shift towards the end of 2023, breaking the previous trend that had been consistent since mid-2022. The job market entered a phase of variability, where both quit and hi

As firms go on hiring freeze, freshers looking for jobs hit record-high

As many as 2.6 million freshers were actively looking for job opportunities in the last 30 days

Challenges galore for Foxconn's ambitious expansion plans in India

Firm expects the electronic manufacturing services market to boom

Govt extends application deadline for IT hardware PLI 2.0 to August 30

The PLI scheme for IT hardware was notified via a government notification on May 29, 2023, with a total budget outlay of Rs 17,000 crore

As automakers milk price-hike benefits, employees get handsome appraisals

The average salary hike at Maruti Suzuki this year is 14-15 per cent

5% rise in non-tech white-collar jobs in June, no respite for IT sector

While the core sector showed a positive sentiment, hiring in the country's IT services sector fell to its lowest level since December 2020

Indian firms dole out double-digit hikes, most employees satisfied

A fraction of employees surveyed even got hikes up to 20-25 per cent for their exceptional performance

Hiring intent for non-white collar jobs up 10% YoY in Q1FY24: Report

The report also said that both the services and manufacturing sector's intent to hire for the marketing functional area increased slightly

As Apple makes India shift, suppliers move to invest Rs 2,800 crore in UP

Yamuna Expressway Industrial Development Authority (YEIDA) says Apple suppliers have applied for land with the authority

'You Day' to gym reimbursements: Jobseekers make most of sellers' market

Recruiters say recruits are leveraging talent crunch to demand flexible work and high salaries

PLI scheme to unlock India's manufacturing capacity, says Icra

It has the potential to generate employment for millions (skilled and unskilled labour) in India, Icra said

How a unheard of Texas town snagged a $17 bn Samsung chip plant deal

Samsung plant is projected to create 2,000 high-tech jobs, would start production in the second half of 2024.

Covid-19 pandemic has India scrambling to boost its manufacturing sector

High-contact services jobs from airlines to hotels and malls to multiplexes were the first to collapse amid protracted lockdowns aimed at containing the virus

Factory growth rebounded in July, hiring resumed after 15 months: PMI

The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

Govt to frame sector-specific model employment contracts for industries

Move aimed at easing compliance burden for companies; experts see it as micromanagement

Firms can now convert permanent jobs into fixed-term contracts

The Industrial Relations (IR) Code, 2020, notified on September 29, has allowed companies to hire contract workers directly through fixed-term contract, known as fixed-term employment

Policy dilemma: Is the Covid-19 pandemic a demand or supply shock?

In the absence of clarity about the impact of this crisis on demand and supply, any measure undertaken presents the possibility of proving to be eminently wrong when clarity eventually emerges

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny