Business Standard

Employment

Housing in tier-II cities: Assess job prospects, infra before investing

Tier 2 cities are emerging as attractive real estate destinations due to expanding employment opportunities

Housing in tier-II cities: Assess job prospects, infra before investing
Updated On : 17 Dec 2024 | 11:44 PM IST

Labour ministry seeks to lower budget allocation for ELI schemes for FY25

The three ELI schemes announced in the Budget are yet to get approval from the Union Cabinet and have faced considerable delays

Labour ministry seeks to lower budget allocation for ELI schemes for FY25
Updated On : 17 Dec 2024 | 12:41 AM IST
Updated On : 05 Dec 2024 | 11:39 AM IST
Updated On : 03 Dec 2024 | 12:08 AM IST

Vertex Global Services to integrate 10-12% differently-abled into workforce

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,

Vertex Global Services to integrate 10-12% differently-abled into workforce
Updated On : 02 Dec 2024 | 5:01 PM IST

Entry-level workforce across key sectors to earn better salaries: Report

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

Entry-level workforce across key sectors to earn better salaries: Report
Updated On : 28 Nov 2024 | 7:31 PM IST

More jobs, tech, affordable living: Bengaluru challenges Mumbai and Delhi

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

More jobs, tech, affordable living: Bengaluru challenges Mumbai and Delhi
Updated On : 20 Nov 2024 | 3:33 PM IST

Canada tightens its foreign worker regulation to favour domestic workers

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

Canada tightens its foreign worker regulation to favour domestic workers
Updated On : 23 Oct 2024 | 5:13 PM IST

Why marriage costs Indian women their jobs while boosting men's careers

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

Why marriage costs Indian women their jobs while boosting men's careers
Updated On : 16 Oct 2024 | 2:28 PM IST

In J&K Assembly elections, welfare promises face a fiscal reality check

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

In J&K Assembly elections, welfare promises face a fiscal reality check
Updated On : 29 Sep 2024 | 11:40 PM IST

ELI schemes likely to favour large companies, Labour Ministry told

Employer bodies share concern as part of stakeholder meet with govt

ELI schemes likely to favour large companies, Labour Ministry told
Updated On : 29 Sep 2024 | 11:06 PM IST

Unemployment steady, but poor job quality persists amid LFPR surge

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

Unemployment steady, but poor job quality persists amid LFPR surge
Updated On : 26 Sep 2024 | 12:20 AM IST

India known as best place to invest and manufacture in: Piyush Goyal

''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"

India known as best place to invest and manufacture in: Piyush Goyal
Updated On : 24 Sep 2024 | 10:45 PM IST

Odisha govt okays Rs 45K cr investment proposals, promises 36K employment

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

Odisha govt okays Rs 45K cr investment proposals, promises 36K employment
Updated On : 19 Sep 2024 | 6:57 AM IST

Labour ministry to move Cabinet note on ELI schemes, says Mandaviya

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

Labour ministry to move Cabinet note on ELI schemes, says Mandaviya
Updated On : 17 Sep 2024 | 8:31 PM IST

Wide gap in literacy, employment figures for Andhra Dalit sub-groups

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

Wide gap in literacy, employment figures for Andhra Dalit sub-groups
Updated On : 03 Sep 2024 | 11:33 PM IST

BSmart HR Conclave: Need to make internship scheme mandatory, say experts

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

BSmart HR Conclave: Need to make internship scheme mandatory, say experts
Updated On : 29 Aug 2024 | 12:11 AM IST

Trade unions divided over the new employment linked incentive schemes

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

Trade unions divided over the new employment linked incentive schemes
Updated On : 28 Aug 2024 | 9:41 PM IST

UP govt to provide 200k jobs over next two years, says CM Adityanath

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

UP govt to provide 200k jobs over next two years, says CM Adityanath
Updated On : 22 Aug 2024 | 11:15 PM IST

Binance Holdings to hire 1,000 people as compliance spending tops $200 mn

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

Binance Holdings to hire 1,000 people as compliance spending tops $200 mn
Updated On : 22 Aug 2024 | 9:33 PM IST