Page 10 - Employment

With jobs no longer secure, career cushioning is taking centre stage

Professionals and students striving to make themselves future-ready, future-proof

Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data

Experts attribute drop to large-scale of migration; young from these states stand to earn significantly more, post migration, than they do by staying back

Best of BS Opinion: Don't ignore Covid, Nepal's destiny, and more

Here is the best of Business Standard's opinion pieces for today

Smart pickup in good jobs

The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies

Gujarat Assembly elections: BJP promises 2 mn jobs, implementation of UCC

The party will also develop two corridors, from Porbandar to Dahod and Valsad to Palanpur, two sea food parks - one each in Saurashtra and South Gujarat, as per the manidesto

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

Monster.com makeover: Renamed foundit.in, it's now a talent management firm

Platform will offer comprehensive solutions to recruiters, highly personalised services to job seekers; firm says transition is in line with its mission to connect talent with right opportunities

PM Modi launches Rozgar Mela, releases 71,000 job-offer letters to freshers

This is the second Rojgar Mela within a month; In the October Mela, PM handed over 75,000 appointment letters

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

Youth must generate employment, fulfil 'Atmanirbhar Bharat' vision: Gadkari

Union Transport Minister Nitin Gadkari on Friday exhorted youth to become "employment creators" and utilise the knowledge they gained for the benefit of the country. He also emphasised on the use of research and technology for finding solutions in all spheres. Addressing the convocation ceremony of The Assam Royal Global University here, Gadkari said, "Youth should not be just wealth creators; they should be employment creators too." Using knowledge and research, they can formulate the strengths and weaknesses of the society and devise solutions that can benefit the country, he stated. Gadkari noted that youth, as "employment creators", can fulfil Prime Minister Narendra Modi's vision of 'Atmanirbhar Bharat'. "We are among the fastest-growing economy. We are the fifth-largest in the world. And yet we have 'aspirational districts' in our country which hardly contribute anything to our GDP. "There are problems faced by our rural and tribal areas and the agriculture sector. We need

Majority of employers in services sector keen to hire in Q3: Report

A majority of employers in the services sector are keen to expand their workforce in the third quarter of this fiscal, according to a report. Around 73 per cent of employers are eager to increase their resource pool this quarter, according to TeamLease Services 'Employment Outlook Report for Q3 (October to December 2022) for the services sector. The 'TeamLease Employment Outlook Report' is based on a survey of 579 service companies in 14 cities across the country. The report further stated that in the services segment, the key sectors expressing a higher intent are information technology (96 per cent), educational services (95 per cent), e-commerce and allied start-ups (92 per cent), telecommunications (90 per cent), retail (79 per cent), financial services (78 per cent) and logistics (75 per cent). As the demand for services has increased post the pandemic, large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) have all mustered a strong hiring .

Rural pain pushes India's unemployment rate up to 7.7% in October: CMIE

The report said the decline in employment was mostly in rural India and mainly in non-agricultural rural India and the daily wage labourer segment was the most hit as it shrunk by nearly 15 million

Global employment growth to fall 'significantly' in Q4, says ILO

Says the recovery seen in early 2022 has already gone into reverse in the second and third quarters

Employment exchange registrations yet to reach the pre-pandemic levels

Around 32.24 lakh jobseekers got registered on the employment exchanges during 2021, whereas only 20.7 lakh jobseekers were registered in 2020 pandemic year

Business confidence falls for second straight quarter, says NCAER survey

Earlier, it was at 142.9 in the fourth quarter of 2021-22. It was 117.4 in the corresponding quarter last year

100 yr-old unemployment prob can't be solved in 100 days: PM Modi

The 100-year-old problem of unemployment cannot be solved in 100 days, Prime Minister Narendra Modi said

Air India gets 72,000 job applications for cabin crew; 1,752 for pilots

The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the skies with 12 more to follow, necessitates a significant expansion in flying crew

Fresh formal job creation falls below 1-million mark in August: EPFO

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months

Companies see slowdown in growth of temporary, contract and casual jobs

As a result, the ratio of temporary, contract and casual jobs as a proportion of the total workforce is at its lowest in at least five years

Tech Mahindra to hire 3,000 people in Gujarat over next five years

Country's fifth largest IT services exporter Tech Mahindra on Tuesday announced it will be hiring 3,000 people in Gujarat over the next five years. The company's current staff strength in Gujarat could not be immediately ascertained. It signed a Memorandum of Understanding (MoU) with the Government of Gujarat under its IT/ITeS (IT enabled services) policy on Tuesday. The agreement will enable the company to address the changing engineering needs of enterprises, its managing director and chief executive C P Gurnani said and appreciated the state for improvements in the ease of doing business. An official statement said the government has so far signed 15 MoUs with domestic and global companies under the IT/ITeS policy which will generate approximately 26,750 skilled IT employment opportunities in the state.