Page 3 - Indian Workforce

India to have 40% of global workforce by 2050, but needs to skill it: Doval

NSA Doval said India's greatest strength is its human resource, which he said was committed to nationalism

TCS records higher attrition rate among women than male colleagues in FY23

Lack of caregiving duties has impacted female workers during the Covid-19 pandemic, but with companies such as TCS, returning to work-from-office culture, many have chosen to opt out of the workforce

90% of Indians expect a pay hike in 2023, why do they feel underpaid?

Presenting a hopeful picture, the report underlines that optimism about the next five years in the workplace continues to remain high at 87%

Economic cost of heat waves higher in India than the rest of the world

More productivity loss expected than elsewhere as temperatures rise

72% of workers in Apple's India factories are women; Foxconn best performer

The gender data is based on details provided to the states and the central government

Indian firms must focus on skilling workforce, flexibility. HR survey

50% organisations don't have clarity on skills their employees will need in future, it says

Corporate India recognises need for flexibility, skilled workforce: Study

A significant percentage of organizations understand the current skills and development needs of their employees and are providing access to upskilling or reskilling opportunities to all employees, says a study. According to Mercer's 2023 Global Talent Trends study, 64 per cent of companies surveyed offer flexible work options for all employees and 54 per cent of organizations have total well-being initiatives. Mercer conducts a comprehensive Global Talent Trends study that includes the perspectives of CXOs, HR leaders and experts, and employees. As many as 124 HR leaders participated in the pulse survey, representing approximately 8,00,000 employees across technology, auto, manufacturing, professional and financial services sectors. Amid external challenging environmental situations laden with inflation, recession and tight labour market concerns, 45 per cent of the companies in India are redesigning work with employee well-being in mind such as realistic workload, no-meeting days

80% of early-stage start-ups looking to expand workforce in 2023: Report

These enterprises, the study by Ficci and Randstad says, are well capitalised and have raised series A and B funding rounds

Salaried employment rises in Gujarat

This upward trend in salaried employment is certainly a cheery outcome for Gujarat as it suggests an improvement in the quality of jobs in the state

Flexi-staffing industry's Q3 growth lowest in past 10 quarters: ISF report

Global layoff-driven dip in IT hiring drags overall growth figure to 0.8%

More than 2 mn digital jobs to remain unfilled in 2023: Teamlease report

The proposed recommendation also includes having an effective outcome focused learning approach with structured impact evaluation metrics

2 mn Indian jobs in AI, cybersecurity to remain unfilled in 2023: Study

Country will need 30 mn digitally skilled professionals by 2026; 50% workforce will have to re-skill

Digital skilling in G20: The future of work and a future-ready workforce

India's current Group of Twenty (G20) Presidency is an opportunity to strengthen cooperation in digital skilling as a significant step towards an inclusive future of work

Alliance launched to boost number of women in STEM, workforce in India

A top India-centric American business advocacy group, in collaboration with various US government agencies and a prestigious university, has announced an alliance to increase the number of women in STEM education and the workforce in India. The launch of the US-India Alliance for Women's Economic Empowerment STEM Collaborative was announced by Mukesh Aghi, president and CEO of the US-India Strategic and Partnership Forum during the US-India Alliance Shatter Summit. India and the US tech synergy is well evinced in India being an IT powerhouse and the US having the most robust tech economy. However, there is still a lacuna in the number of male and female STEM graduates, Aghi said. For India to unleash its full potential, there needs to be a concerted effort to get more young girls and women in STEM (science, technology, engineering and maths), he said. The US-India Alliance for Women's Economic Empowerment is a public-private partnership between the State Department, USAID, USISPF,

Jungle Ventures-backed BetterPlace raises $40 mn in series C funding

The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises

Gen Z and millennials: Reshaping the future of the Indian workforce

Massive fresher hiring the past few years has pushed share of Gen Z to 18-20% and Millennials to 68-70% of total tech industry employee base in FY22

Gig workforce to add 9-11 million jobs by 2025 in India, says report

With more and more companies preferring to hire employees on project basis, a report has revealed that there is likely to be 90-110 lakh additions to the gig workforce by 2025, a report said on Wednesday. The gig economy has been one of the most pivotal economic shifts in a long time and people are choosing gig jobs because it works with their lifestyle, they can choose when and how much they work, or it allows them to earn money between jobs, global job site Indeed said in the report. According to the report, companies have also started investing in gig work platforms and processes, which indicates how integral they are to the future of jobs growth in India. A majority of the employers surveyed (58 per cent) estimate the gig workforce to grow to 90-110 lakh, or even exceed this number by 2025, the report revealed. Gig workers are freelancers or contractors who work independently, typically on a short-term basis for multiple clients. "With the emergence of app-based models for rol

Indian migrant workers send home record $100 billion in 2022: World Bank

It was observed that there was a gradual shift in Indian migrants' key destinations from largely low-skilled, informal employment in the GCC countries to a dominant share of high-income countries

China plus one: Low labour costs and growing workforce give India the edge

A large and abundant workforce also gives it an edge against South East Asian rivals

As job cuts begin at Twitter, Elon Musk decries 'massive' sales drop

The global workforce reductions are expected to affect 3,700 jobs - about half of the company.