Workforce

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,

UK govt outlines first steps in new plan to get more people back into work

Britain is the only major economy where the inactivity rate remains above its pre-Covid-19 levels

IT flexi staffing space to grow steadily at 7% till FY26: ISF report

India's IT flexi staffing space is likely to grow steadily at a compound annual growth rate (CAGR) of 7 per cent from FY24 to FY26, stated a report by industry body India Staffing Federation (ISF). The IT flexi staffing industry focuses on supplying temporary or contract IT professionals to client organisations. ISF has also released the Indian IT Staffing-Sectoral & State Employment Trends Report 2024, which provides an in-depth analysis of trends in employment across various sectors and states. According to the report, India is the second-largest player in the South Asia-Pacific (APAC) region within the rapidly expanding APAC IT staffing market. Lohit Bhatia, President of ISF, said in the statement, "India's IT flexi-staffing sector is anticipated to experience steady growth, with a projected compound annual growth rate (CAGR) of 7 per cent from FY 2024 to FY 2026." The Indian IT Flexi Staffing Market size is USD 4.9 billion in FY24, with a total workforce of 5,97,000. Accordin

India's workforce set to increase to 457.62 mn by 2028: ServiceNow Report

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. According to the report this surge in demand presents retail professionals with a valuable opportunity to upskill in areas like Software Application Development and Data Engineering, equipping them for a tech-driven landscape. This is followed by manufacturing (1.50 million jobs), education (0.84 million jobs), and healthcare (0.80 million jobs), propelled by expected economic growth and tech transformation, it stated. "AI will be a key catalyst for job creation across India's growth engines, particularly in roles requiring advanced technical skills. This strategic emphasis will not only create more high-value opportunities fo

Proper infra, workforce key challenges for logistics industry: Experts

Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impacts the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head - Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability to increase freight rates amid competitive pressures, an inflationary environment and relatively sticky diesel prices, he noted. BookMyCargo founder JD Yadav said the ...

After Boeing, Airbus to slash 2,500 jobs amid ongoing financial losses

These job cuts at Airbus, which represent around 7 per cent of its defence and space division's workforce, are expected to be implemented by mid-2026

About 40% of our global R&D workforce is in India: Sindhu Gangadharan

Gangadharan emphasises India's strategic importance for SAP's growth and innovation

TCS expands operations in Poland, aims to double workforce in a year

Tata Consultancy Services (TCS) on Friday said it has expanded operations in Poland with the opening of a new delivery centre in Warsaw, and expects to double its workforce in the region to over 1,200 within a year. The new delivery centre showcases TCS' capabilities across industries and technologies, according to a regulatory filing. "The new delivery centre will allow TCS to access the skilled talent pool in the Polish Information and Communication Technology (ICT) industry to provide hyper-connected services to global clients. "With the new delivery centre, TCS expects to double its workforce to 1,200-plus in a year to support its further growth in the region," it said. Indian Ambassador to Poland Nagma Mallick, TCS head of Europe Sapthagiri Chapalapalli and General Manager for TCS in Eastern Europe Prabal Datta inaugurated the centre. The new centre joins TCS' European delivery network, which facilitates the delivery of hyper-connected services to its customers across ...

Empathy, inclusive upskilling key to foster thriving work cultures: Report

The 2024 Global Culture Report highlights that employees are six times more likely to be engaged when their leaders demonstrate genuine empathy and not merely as 'understanding'

Indian firms face skilling challenges as demand for next-gen tech surges

Sourcing and developing talent in next-gen technologies remains a significant hurdle, with 72 per cent of organisations finding it difficult to recruit skilled experts

BSmart HR Conclave: Shaping Tomorrow's Workforce

Women dominate manufacturing jobs in urban India, says Mospi report

The average wage of women is lower than that of men, and the disparity is greater in urban than in rural areas and across occupations, the report said

IT workers rally in Bengaluru to protest 14-hour workday proposal

The proposal was presented in a meeting called by the labour department with various stakeholders in the industry recently

'Say goodbye to 9-to-5 jobs': LinkedIn co-founder latest prediction on AI

LinkedIn co-founder Reid Hoffman forecasts a seismic shift in the workforce landscape, driven by the relentless advance of artificial intelligence

Here's why Singapore govt is making life tougher for global talent

The programme was announced in 2022 to assess an employment pass's complementarity with the local workforce

25% of new hires married women; nearly 70% of workforce ladies: Foxconn

Apple iPhone maker Foxconn has informed the government that 25 per cent of its new hires are married women and its safety protocol, which requires all employees to avoid wearing metal irrespective of gender or religion, is not discriminatory, sources said. In an informal note shared with the government after reports suggested it is not hiring married women, Foxconn stated that such stipulations are not part of its policy and these claims may have been made by those individuals who were not hired, sources said. They added that such media reports malign the fast-growing Indian manufacturing sector. Meanwhile, the Ministry of Labour and Employment on Wednesday sought a detailed report from the Tamil Nadu labour department on the issue of married women not being allowed to work at the Foxconn India Apple iPhone Plant, as reported by the media. "Foxconn had clarified that 25 per cent of the latest hires are married women. This would mean nearly one-third of the total women are married.

Gig workforce Vs formal employment: What’s the future?

More women join workforce, but leadership gaps remain, shows study

The report, based on LinkedIn's economic graph data, offers insights into gender representation across industries and job functions in India

Tyson Foods denies accusations of hiring migrants over US citizens

The letters say that Tyson employs 42,000 foreign workers, making up more than one-third of its US workforce, and is involved in programs to recruit more

Fewer top women earners in British finance since pandemic, shows report

The lack of progression of women to the most senior roles in financial and professional services is a major factor contributing to the gender pay gap