EMPLOYMENT
GoI must focus on equitable growth and quality employment
The recent Annual Survey on Unincorporated Sector Enterprises (ASUSE) is a valuable source on informal enterprises provided by GoI that promises to tell us about these voters whose dreams lie unfulfilled. They have struggled in the world’s largest informal economy, India, in jobs without social protections and with lower pay.
Employer arrested for Indian farm worker's death in Italy
Satnam Singh was abandoned by his employer after a strawberry wrapping machine severed his arm in Lazio, near Rome, last month and died due to "copious bleeding", the ANSA news agency reported.
Increasing annual leave to five weeks would cost employers less than you might think
The idea of expanding annual leave to five weeks appears to be gaining traction, spurred by recent advocacy from groups like the Shop Distributive and Allied Employees Association. While certain industries already offer extended leave, such as for continuous shift workers, most employees typically receive four weeks. Australia's annual leave entitlement has remained unchanged since 1974, prompting calls for review amid international comparisons where some countries offer more statutory days.
Job Market Outlook: AI integration set to boost employment in financial and real estate sectors
Manpower Group's latest Net Employment Outlook for June to September 2024 showcases positive trends in India's employment sector, ranking sixth globally. Despite some decline, the Financial Services and Real Estate sectors are driving growth, with AI integration expected to further boost employment opportunities. Various sectors and regions display differing hiring intents, reflecting cautious optimism amidst ongoing global challenges.
Majority of Indian employers plans to add staff in first six months of FY25: Survey
The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, which surveyed 1,417 employers in 20 cities, found that 56% of employers plan to grow their workforce in the coming months, 23% expect to maintain current levels, and 21% foresee a decline in staff numbers.
Beyond the paycheck: What employees look for and how employers can fix hiring gaps
The changing work culture is causing a gap between employer and employee expectations in hiring and retention. Companies struggle with mismatched salary expectations, required skills, and cultural fit issues. Nonprofits and FMCG companies face the most challenges. Many employees in India and Asia Pacific prioritize flexibility and career progression. Ageism is evident, especially in sectors like Insurance.
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Calcutta HC directs WB govt to ensure 1 pc reservation for transgender persons in public employment
The Calcutta High Court has instructed the West Bengal government to implement a one percent reservation for transgender persons in all public employment within the state. Despite the government's policy of ensuring equal treatment in employment for transgender individuals, the court observed that the specific reservation had not yet been implemented.
Companies cautious on short-term hiring, but overall outlook stays upbeat
Employers in India are showing caution in short-term hiring for the July-September quarter, with a net employment outlook of 30%, six percentage points lower than the current quarter and the same period last year. While 48% of employers plan to hire more people, 18% expect a decrease in hiring or have no plans to hire. The most optimistic sectors are finance and real estate, healthcare and life sciences, and IT, while communication services and transport, logistics, and automotive are less optimistic.
Recruitment for 50,000 posts to be initiated soon: Haryana CM
Haryana Chief Minister Nayab Singh Saini announced that his government will begin the recruitment process to fill 50,000 vacant posts in the state, as part of its efforts to provide employment opportunities and support youth aspirations. He stressed the continuation of the "transparent" recruitment system for government jobs and praised the youth's faith in the government's functioning
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
Jobs that vanish: Stay away from ghost jobs to save time and money
Online job platforms have simplified job searches, but fake or ghost jobs persist, wasting time and effort. Applicants must spot and avoid phantom job postings to prevent demotivation and financial loss.
White collar hiring improving as demand from Oil & Gas, Banking, FMCG sectors rises: Report
White collar hiring in major sectors like Oil and Gas, Banking, and FMCG showed steady improvement, with a 6% increase in May compared to April, driven by Healthcare and Travel and Hospitality. However, overall white-collar hiring was down by 2 per cent year-on-year, with declines in IT, BPO, and Education sectors. Smaller cities outperformed major metropolitan areas, with strong demand for senior professionals contributing to a healthy growth in opportunities.
Hiring in tier-2 cities showing consistent growth: foundit
Tier-2 cities in India have seen consistent growth in hiring compared to metropolitan areas, with cities like Kochi, Coimbatore, and Jaipur emerging as key hiring locations. The overall hiring index shifted to 295 in May 2024, with an 11% increase in hiring compared to the previous year. Tier-2 cities are becoming increasingly attractive hubs for businesses seeking expansion opportunities and tapping into diverse talent pools for sustainable growth.
Recommendation letters can give freshers more visibility in a crowded hiring market
Recommendation letters can be valuable for early career professionals in enhancing job applications. They offer a personalized touch, validate skills, and help candidates stand out in competitive markets.
NITES alleges Infosys delayed onboarding of 2k campus recruits
"Many had turned down other job offers in good faith, relying on Infosys' offer letters. Now, they face financial hardship and uncertainty due to the lack of income and a clear onboarding timeline. Infosys' actions constitute a serious breach of trust with these young professionals. They trusted Infosys to provide a smooth transition into their careers, but instead, they've been left in limbo," the union said in a statement.
India has what no other country has today: Randstad CEO Sander van 't Noordende on India's talent market
Sander van 't Noordende, CEO of Randstad, highlights India's vast market and talent potential. With a focus on specialization and digital tools, India stands out for growth opportunities compared to other global markets. Noordende emphasizes the importance of understanding individual talent needs in a competitive landscape with evolving employment dynamics.
Startups are driving job growth for freshers: Foundit Insights Tracker
A recent report by foundit, formerly Monster APAC & ME, highlights India's booming startup ecosystem and job opportunities for freshers.
Note to freshers: Skills are important but ignore work ethic at your own peril
Misconceptions about work ethic include equating long hours with productivity. Novice employees must distinguish between productive diligence and overwork to avoid burnout and maintain productivity.
Initiatives on track to increase women’s participation across levels, say 54% Indian employers – much above global average of 46%
Internal leadership development programmes, followed by flexible working policies, most effective in helping retain and secure diverse talent, finds ManpowerGroup Diversity Outlook Survey
Companies become stricter on return-to-office mandates, but considerate on employee needs
As the market shifts from being an 'employees' to an 'employer's market', return to office calls have been getting louder, with some companies even penalising employees who don't toe the line. However, while expanded flexibility is discretionary, there are several such examples across organisations.
Hiring for new roles to take 27 pc efforts of HR professionals in FY25: Report
The report by Genius Consultants is based on a survey among 1,114 human resource professionals and C-suite executives between March 1 and April 15 this year. The report further revealed that 32 per cent of hiring is expected to be in the level of those having 4-8 years of work experience.
India needs lower tax on recruitment services to boost jobs, says industry body
India's Indian Staffing Federation (ISF) has called for a reduction in the 18% tax on recruitment agencies providing outsourced staff to big companies. The ISF, which provided 1.6 million outsourced workers to companies last year, believes the new government should support hiring more salaried workers. The ISF claims that the 18% goods and services tax discourages employers from hiring contract workers through recruitment agencies.
Rubicon, apna.co partner to enable 50,000+ job opportunities in FY25
apna.co partners with Rubicon to empower job seekers with essential skills. Nirmit Parikh, Founder & CEO, and Dhanya Narayanan, COO of Rubicon, aim to bridge the gap between education and employment for 2 million job seekers by 2030, focusing on India's diverse workforce.
Hiring surge in travel and tourism: What it means for mid-career and senior roles
India's travel and tourism sector has rebounded post-pandemic, contributing Rs 16.5 trillion to the economy and creating 39 million jobs by 2020. The sector is also witnessing a spike in demand for AI specialists and data operations in the hospitality industry.
EPFO created 11.4% more formal jobs in 2023-24 at 15.4 million, shows payroll data
The provisional payroll data, released by the ministry of labour and employment on Monday, shows 1.44 million net members were added to EPFO in March, 2024 vis-a-vis 1.54 million added in February out of which 0.74 million were new members.
514 million person years of employment generated in 10 years of the Modi govt: SKOCH
A SKOCH study of 12 central schemes, including the Mahatma Gandhi National Rural Employment Guarantee scheme, the Atmanirbhar Bharat Rozgar Yojana, the Pradhan Mantri Grameen Awas Yojana and the Pradhan Mantri Grameen Sadak Yojana, among others shows that credit gap has fallen 12.1% during the past nine-years.
51.40 crore person-years employment generated during 2014-24: SKOCH Report
A recent SKOCH report revealed that between 2014 and 2024, the Modi government regime generated 51.40 crore person years of employment. The report, titled "Employment Generative Impact of ModiNomics: The Paradigm Shifts," is based on 80 case studies and data from various government schemes. It found that governance-led interventions created 19.79 crore jobs, while credit-led interventions contributed 31.61 crore jobs.
Boomerang employees: Why employers like returning talent
Professionals experiencing the "grass is greener" syndrome may find themselves considering returning to previous employers, termed "boomerang" candidates. Companies, recognizing the value in these individuals' fresh skills and perspectives, are strategically embracing this trend. Mid-career employees and even CXOs are increasingly participating, reflecting evolving workplace dynamics and the importance of alignment in values and leadership behaviors.
Indians more confident of adapting to tech innovations at work than other nationalities: Indeed
India's workforce expects tech role shifts, with confidence in adaptation. Tomorrow's World report discusses AI impact. Survey highlights high tech optimism and focus on generative AI, diversity, and equity policies.
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