Labour Market

Worker shortages raise doubts over Britain's plan to build for growth

Britain has long lacked candidates to fill jobs, a problem made worse by the 2016 Brexit vote and Covid-19, with vacancies higher than their level before the pandemic

Syrians in Germany show no rush to leave as their labour is in demands

Syrian employers, trade unions and business associations are now speaking up to stress how much they are needed in a German economy facing deep labour shortages

EY worker's death highlights risks for unprotected white-collar workers

NEW DELHI (Reuters) - Authorities in two Indian states that are driving its economic growth are drafting tighter workplace rules and inspections to protect white collar employees following the death of a young executive at global consultancy Ernst & Young (EY), which her family blamed on overwork.

Indians lead Global South in adapting to AI, tech revolution: Study

GLMC study reveals that over 70% Indians actively seek opportunities to upskill

Over 304.3 mn informal workers registered on e-Shram portal: Govt

Nearly 30.4 crore unorganised workers have registered on e-Shram portal as on December 1, 2024, Parliament was informed on Thursday. Ministry of Labour and Employment launched the portal on August 26, 2021 for creation of a comprehensive National Database of Unorganised Workers (NDUW) seeded with Aadhaar. The portal is meant to register and support unorganised workers by providing them a Universal Account Number (UAN) on a self-declaration basis. As on December 1, 2024, over 30.43 crore unorganised workers have registered on e-Shram, Minister of State for Labour and Employment Shobha Karandlaje said in a written reply in Rajya Sabha. The number of registrations from rural areas is 27.22 crore. So far, 12 schemes of different central ministries/ departments have been integrated or mapped with e-Shram. These schemes include Pradhan Mantri Surakhsa Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Ayushman Bharat, Prime Minister Street Vendors AtmaNirbhar Nidhi .

Russia's labour shortage spreads as defence sector cuts down staff

Heavy recruitment by the armed forces and defence industries has drawn workers away from civilian enterprises, as has emigration, pushing unemployment to a record low of 2.3 per cent

Govt plans to integrate Gati Shakti portal with e-Shram database

As of now, over 1,530 data layers from 44 central ministries have been uploaded on the portal

'E-Shram: One Stop Solution' launched for welfare of unorganised workers

The One Stop Solution entails consolidating and integrating data from various central ministries/departments into a single repository

Labour unions in India: Adapting to new challenges amid global changes

India's labour unions are at a crossroads in the age of IT and gig work. They are adapting to new-age sectors' demands but penetration has been limited

Malaysia PM Anwar Ibrahim to visit Bangladesh today, focus on labour issues

Prime Minister Anwar is expected to meet with Yunus, where a broad spectrum of issues will be on the agenda

Best of BS Opinion: Labour market signals, green businesses and more

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

Fresh formal hirings increase in July by 2.5% to 1.05 million: EPFO data

The EPFO data is considered crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Jobless rate stagnates at 3.2% in July 2023-June 2024, shows PLFS data

PLFS data for the period suggests share of self-employed, wage-jobbers up

EY employee's death highlights job stress: 1 in 3 Asians face burnout

The tragic death of an EY employee has sparked social media discussions about the importance of work-life balance and burnout, which, according to a McKinsey report, is a greater concern for Asians

India well-poised to benefit from new jobs emerging with AI: Meta India V-P

India is well-poised to take advantage of new jobs that emerge from advent of Artificial Intelligence (AI), according to Meta India Vice President Sandhya Devanathan. In an interview to PTI, Devanathan weighed in on raging debate around AI and its impact on jobs, saying she is of the firm belief that AI would now lead to new opportunities for India. "I think that India is potentially well-poised to take advantage of new jobs that could come up with AI," she said. Devanathan said that the nature of jobs may change, however. "I think it offers opportunities for new kind of jobs to get created...jobs may change in terms of what they look like, but there will be new things that could end up coming up as a result of that (AI)...and it would lead to new opportunities for us as a country," she said. The views assume significance in the backdrop of persistent debate in tech circles and civil societies on whether AI will augment the labour market or displace workers. The Economic Survey i

Boeing's US factory workers go on strike, halting 737 MAX production

Boeing said it was ready to get back to the negotiating table, a sign that it could sweeten the deal

Rajasthan gem, jewellery industry lands in the rough amid labour shortage

In 2022-23 (FY23), Rajasthan had exported around Rs 9,470 crore worth of gems and jewellery, with the trade tally climbing to around Rs 11,180 crore in FY24

'Infant attrition' rising, accounts for 10-15% of labour movement: Report

Poor work-life balance, flexibility, and job dissatisfaction are leading to 4-5 per cent annual increase in 'infant attrition' -- employees quitting within six months of joining -- mainly in sectors like consumer durables, IT, and software, and BFSI, a senior executive of TeamLease Services said. "Infant attrition in India, mainly seen in the 22-32 years age group, is growing annually at 4-5 per cent and is mostly driven by factors like poor work-life balance and flexibility, which is particularly important to younger workers, job dissatisfaction, inadequate onboarding, insufficient compensation, making employees seek better opportunities," TeamLease Services Chief Strategy Officer Subburathinam P told PTI. Lack of career development opportunities, culture of the organisation, work environment, managerial impact, and changes happening in the family are also prompting new hires to leave in search of environments where they can grow and advance, he said. Infant attrition can also impl

Fresh formal hirings face marginal decline in June, shows EPFO data

The data is signalling a slowdown in the formal labour market

New Boeing CEO Kelly Ortberg faces big overhaul, from factories to finances

His extensive to-do list includes mending relationships with airlines and employees, boosting output, repairing company finances and securing a labor deal to avoid a possible worker strike