Page 8 - Jobs

'Jobless growth': Cong slams govt over 'accentuated unemployment crisis'

The Congress on Sunday alleged that the Modi government had accentuated India's "unemployment crisis" with the decimation of job-creating MSMEs through the "Tughlakian demonetisation, a hastily rushed GST, and rising imports from China". In a statement, Congress general secretary, in charge of communications, Jairam Ramesh cited a new report by Citigroup, a global bank, to flag "alarming numbers", which he claimed confirmed what the Congress stated throughout the recent election campaign. "The Indian National Congress has been sounding the alarm on India's unemployment crisis for the past five years at least. The crisis has been accentuated with the decimation of job-creating MSMEs through the 'Tughlakian demonetisation, a hastily rushed through GST, and rising imports from China," Ramesh said. "With his economic policies that favour only large conglomerates, the non-biological prime minister has created India's highest unemployment rate in 45 years, with the unemployment rate for .

A new paradigm for creating jobs

It would be prudent to take up a few sectors initially, get the policy instruments right, and put in the critical mass of resources to achieve a self-sustaining inflexion point

Despite 20% lesser jobs on offer, starting pay in UK up 6.5% on year in May

The 6.5 per cent rise in advertised starting pay compared with a year earlier outstrips the 6.0 per cent rise in official wage data for the three months to April

'Bright future': Stanford PhD scholar takes job as clerk in rural China

Su Zhen ranked first in the written test, interview, and final score among the six candidates vying for city civil service

'Hospitality industry faces talent crunch, to add 1 mn jobs in few years'

The hospitality industry is expected to add around 1 million jobs in the next few years as the sector is grappling with huge shortage of talent amid rapid expansion after the Covid-19 pandemic, say experts. The current demand-supply gap of talent in the industry stands at around 55-60 per cent, indicating a substantial mismatch between the needs and the available talent pool, Randstad India Director, Professional Talent Solutions, Sanjay Shetty told PTI. Issues related to talent shortage was fuelled by the post-pandemic boom in demand, Shetty said, adding that the the momentum is expected to continue in the next few years with at least a million jobs being created. According to industry leaders, the overall hiring has more than quadrupled post-Covid with entry-level positions emerging as the most sought-after in the past two years. Some companies are upskilling existing talent or recruiting from other industries to fill the void, while others have intensified efforts to attract and

Ikea lost $5,000 each time when a worker quit, so it began paying more

For a service-driven company like Ikea, unhappy workers can quickly lead to unhappy customers

Don't say 'elite': Corporate firms' new pitch is going to be meritocracy

McKinsey, Accenture, and other big firms want to recruit with a wider net, focusing more on skills than on pedigree

Jobless youth and education

In tackling India's unemployment problem, look beyond the finance minister and focus on the education minister as well

NITES seeks probe from Labour Ministry as Infosys delays new hires

IT sector employee union NITES has urged the Ministry of Labour and Employment to probe repeated delays in the onboarding of over 2,000 campus recruits by tech major Infosys. Nascent Information Technology Employees Senate (NITES) alleged that the delays have persisted for more than two years, and caused significant hardship for the affected professionals, leaving them 'in a limbo'. Infosys did not comment on the matter. Harpreet Singh Saluja, President of Nascent Information Technology Employees Senate (NITES), In a statement, alleged that Infosys' actions constitute a "serious breach of trust" with these young professionals. "Many had turned down other job offers in good faith, relying on Infosys's offer letters. Now, they face financial hardship and uncertainty due to the lack of income and a clear onboarding timeline," he said. The union has written to the Ministry of Labour and Employment seeking an investigation into the matter, to ensure that Infosys fulfills its obligation

Where are all the job opportunities? A refrain of the youth in Chandigarh

Chandigarh votes on June 1. The BJP's Sanjay Tandon and the Congress' Manish Tewari are the leading contestants

Explained: What is Quiet firing?

Have you ever felt like quitting your job because your work environment suddenly became toxic or unbearable? It might not be a coincidence. Many Indian companies, especially in the IT services sector,

Leather exporters seek national policy to attract investments, create jobs

Apex body for leather and footwear exporters CLE has asked the government to formulate a national policy for the sector with a view to attract investments, boost India's shipments and create jobs. In a letter to Niti Aayog CEO BVR Subrahmanyam, Council for Leather Exports (CLE) said that though there are schemes and support measures at central and state levels, there is a need for holistic development of the entire sector through a national policy. The elements of the proposed policy, it said, can include incentives for setting up of manufacturing units, training of workers, support measures for adoption of sustainable technologies and innovative products. "This policy should cover the entire supply chain of the sector, starting from raw materials to finished products, including processing, product development, marketing, supply chain management, and backward integration," the council said. Explaining the importance of the policy, CLE Executive Director R Selvam said that the secto

'India's nurse shortage worsens as they emigrate for jobs abroad'

India already faces a poor nurse-population ratio and the situation is set to worsen with nurses emigrating to other countries in large numbers, doctors and medical experts have observed, noting this creates a big gap in addressing the country's healthcare needs. The experts issued a joint statement here, expressing concerns over the shortage of nurses in the country. Citing figures from the regulatory body Indian Nursing Council, Association of Healthcare Providers (India) director general Dr Girdhar Gyani said there are more than 33 lakh nursing personnel registered in the country but this figure is dismal given India's 1.3 billion population. With 1.96 nurses per 1,000 population, India falls short of the World Health Organization (WHO) recommended rate of three nurses per 1,000 population, he said. Director of the Ujala Cygnus Group of Hospitals, Dr Shuchin Bajaj said, "While the shortage of nurses and their massive emigration to foreign countries is a cause for worry, there is

New formal hirings at a 34-month low in March, shows EPFO payroll data

Share of youth, women slightly increased; net payroll additions down by 7%

India must create 115 mn jobs by 2030 as more people enter workforce: Study

"To achieve this herculean task, India's growth engine needs to fire on all cylinders, from manufacturing to services in the next five years," research note read

Hiring up 69%: Motilal Oswal recruits 455 freshers as capital mkt heats up

Over 1,400 candidates from across more than 115 colleges/ institutions participated in the recruitment drive

Why are jobs so scarce today? What's ahead?

In the past one year and continuing, there have been layoffs galore; typically aggressive tech companies are shying away from recruiting from campuses, and it is said >

Nearly 51 mn person years of employment created annually in last 10 years

A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours

French BPM major Teleperformance to hire 15,000 people by end of 2025

The company plans to add 60,000 employees over the next three years in India

85% of 12,000 freshers set to join SBI in FY25 are engineering grads: Khara

Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering graduates, its chairman Dinesh Khara has said. The bank is in the process of onboarding up to 12,000 freshers in the roles of probationary officers and associates in FY25, and there is no bias towards onboarding engineers in the ranks, Khara said, stressing that this is not by design. After training the over 3,000 POs and over 8,000 associates with some banking knowledge, they will be channelised into various business roles. It can be noted that this comes at a time when the banking sector is increasing its dependency on technology as it looks for newer ways of enthralling the customer, while some players are also grappling with challenges on this front. "We expose them into banking and thereafter, channelise them into various roles in business and IT, depending on their aptitude and temperament, and that is something which is helping us ensure that there is a continuo