Employment

Upasna Nischal to be India site head

Move may be aimed at attracting more applicants

New York-headquartered Vertex Global Services on Monday announced its plan to integrate 10-12 per cent of differently-abled individuals into its workforce. The company has an existing employee base of 800-plus and has aggressive plans to take it to over 2,500 in the next four years, according to a statement. It plans to integrate 10-12 per cent of differently-abled individuals into the workforce within next four years, it said. This initiative not only promotes inclusivity but also strengthens the diverse talent pool within the organisation, it noted. In India, it stated, the unemployment rate among individuals who are differently abled remains exceptionally high, with some estimates exceeding 70 per cent. This situation persists despite the existence of legislation that allocates 3 per cent of government positions for them, it noted. Vertex Global Services aims to create a diverse pool of opportunities for differently-abled individuals to receive training in multiple languages,

Entry-level jobs, which were witnessing a slowdown, are getting a boost as freshers are offered competitive salaries across key sectors, led by Global Capability Centres (GCCs) and non-tech sectors, a report said on Thursday. The software development and engineering domain, which focuses on coding, designing, and maintaining software applications, is poised to offer lucrative opportunities, the report by TeamLease Digital said. It said the increasing demand for Artificial Intelligence/Machine Learning (AI/ML) skills in software development to enhance productivity, accuracy, and innovation is further driving this trend. As a result, entry-level positions in this domain are expected to see an average salary of Rs 9.37 lakh per annum in GCCs, followed by Rs 6.23 LPA in IT products and services, and Rs 6 LPA in non-tech sectors by the end of 2024-25, the report added. The report by TeamLease is Digital is based on primary data from 15,000 job roles across GCCs, IT services, and non-tec

Bengaluru's rapid growth in jobs, tech innovation, and affordable housing is positioning it as a strong challenger to Mumbai and Delhi

The newly implemented regulations aim to incentivise companies to hire Canadians before resorting to foreign talent

Marriage penalty: Social norms often push Indian women to prioritise family, leading them to leave the workforce or choose lower-paying, less demanding jobs

Irrespective of who wins the elections, the region's ability to generate its own tax revenue to finance such poll promises may pose a challenge

Employer bodies share concern as part of stakeholder meet with govt

The female LFPR - rural and urban combined - also increased from a low of 23.3 per cent in 2017-18 to 41.7 per cent in the latest survey

''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"

CM Manjhi had set a target of attracting industrial investments to the tune of Rs 2.5 lakh crores in the coming 5 years

Union Labour Minister Mansukh Mandaviya on Tuesday said the ministry will move a Cabinet note on the employment-linked incentive (ELI) scheme announced in the Union Budget 2024-25 in July. The minister emphasised upon the importance of a robust mechanism to ensure that the benefits of the ELI Scheme reach the true beneficiaries. "The ministry is finalising a Cabinet note on ELI scheme and it will be soon placed before the Cabinet for approval," he told reporters here. The ELI Scheme aims to create over 2 crore jobs in the country in a period of 2 years. This will significantly contribute to increasing employment opportunities and enhancing livelihood. Three schemes for 'Employment Linked Incentive' were announced in Union Budget 2024-25 as part of the Prime Minister's package of five schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over a 5-year period with a central outlay of Rs. 2 lakh crore. Finance Minister Nirmala Sitharam

The Supreme Court on August 1 allowed states to create sub-categories in reservations. In this first of a three-part series, Business Standard looks at Andhra Pradesh

Automation, AI, and digitisation are not limited to a particular sector and while jobs have evolved, skillsets haven't

Labour ministry said that the ELI schemes have been designed to encourage businesses to generate more employment as well as to provide meaningful and sustainable jobs for the youth of the country

Uttar Pradesh Chief Minister Yogi Adityanath Thursday said the state government plans to provide 2,00,000 government jobs over the next two years, according to an official statement. Speaking at an employment and loan fair at BIT College here, he emphasised that employment opportunities have become more inclusive, highlighting that previously, youths from western Uttar Pradesh were "often excluded" from such opportunities. CM Adityanath announced that the state government will provide government jobs to two lakh youth in the next two years, according to the statement. "Starting Friday, the recruitment process for over 60,000 police positions will begin across the state," Adityanath said. He urged local youths to actively participate in the upcoming job openings, asserting that no one would question their capabilities. He also warned that "any attempt to jeopardize the future of the youth would result in severe consequences", including imprisonment and confiscation of assets, accor

Chief Executive Officer Richard Teng, who is visiting the US to talk to monitors and officials, outlined the employment goals for the world's largest crypto trading platform

Reserve Bank Deputy Governor Swaminathan J has asked financial institutions to adopt a more sensitive and empathetic approach towards MSMEs, and deploy supportive measures like restructuring options for loans, to support the sector which plays a key role in the economy. In a speech at the Annual Day of the Foreign Exchange Dealers Association of India (FEDAI) here, the deputy governor said MSMEs face challenges like access to affordable finance, delayed payments, infrastructure bottlenecks, and requirements of compliance, among others. The journey of India's economic transformation cannot be complete without the robust development of the MSME sector. "MSMEs are not just the backbone of our economy, they are the engines of growth, innovation, and employment," he said at the event held on Wednesday. However, for these enterprises to truly thrive and scale up, the financial sector must step up with innovative solutions, sensitivity, and a forward-looking approach, Swaminathan said. "

French information technology (IT) services and consulting company Capgemini on Wednesday said it has collaborated with SAP Labs to launch the Capgemini-SAP Digital Academy programme to provide employment-linked skill training to 8,000 marginalised youth in India over the next three years. "We are delighted to collaborate with SAP and make a contribution towards the advancement of India's digital economy through the upskilling of its youth. Through the Capgemini-SAP Digital Academy programme, we are not only providing skills but also creating pathways for sustainable careers and livelihood while at the same time nurturing the skilled talent India needs to grow," Capgemini India CEO Ashwin Yardi said in a statement. Over the next three years, Capgemini and SAP will jointly invest and pool resources, expertise, and networks to support this initiative aimed at bridging the digital skills gap for more than 8,000 individuals, who are part of India's marginalised youth. "By joining forces