Page 5 - Workforce

Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high

The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.

HCL Tech to hike workforce in Lucknow by 50% to 6,000 by March 2021

Firm currently serves 103 global clients from Lucknow centre, of which nearly 70% are US-based

Govt to frame job policy afresh; labour ministry begins talks with industry

The government had in 2018 formed an inter-ministerial committee to formulate a policy document on jobs and the VV Giri National Labour Institute was supposed to submit a draft to the labour ministry

Is India running out of time to cash in on its booming young workforce?

India isn't doing enough to revamp its education system to prepare the youth for better-paying, high-skilled jobs, going by a recent World Bank report

India's decentralised renewables workforce to double by 2022-23: Report

This comes at a time when India is facing a 45-year high unemployment rate

CEOs say they are concerned about talent gap in their ranks

This year's survey sees a shift. CEOs are now focused on reskilling and upskilling their existing workforce

Salary and benefits top drivers for the Indian workforce

Salary and employee benefits (48 per cent) continue to be the top driver among the Indian workforce while choosing an employer, followed by long-term job security (46 per cent), financial health of the company (43 per cent), pleasant working atmosphere (40 per cent) and good work-life balance (38 per cent), according to the Randstad Award survey. The survey on employer branding, independently conducted with more than 200,000 respondents across 25 countries, also revealed that the importance of salary has decreased from last year (six per cent decrease from 2015). The findings reflected that the Indian workforce prefers to work or move to sectors like information technology and communication (70 per cent), followed by automobiles (66 per cent) and fast-moving consumer goods, retail and e-commerce (64 per cent). Meanwhile, Google India emerged as the winner of the Randstad Award for the second consecutive year and was awarded the "Most Attractive Employer" in India, with Mercedes-Benz In