Page 2 - Workforce

India must create 115 mn jobs by 2030 as more people enter workforce: Study

"To achieve this herculean task, India's growth engine needs to fire on all cylinders, from manufacturing to services in the next five years," research note read

Cigniti Technologies acquisition will be game changer: Coforge CEO

The company has set a target of training 40 per cent of its workforce in GenAI skills in FY25

Flexi staffing industry grows 3.6% in December quarter of FY24: Report

The staffing industry grew 3.6 per cent in October-December 2023 as compared to the previous quarter, the Indian Staffing Federation (ISF) said on Monday. ISF, the apex industry body representing manpower outsourcing industry, released the Flexi Staffing Industry Employment growth report for Q3 FY2024 (October-December 2023). The staffing industry witnessed a 3.6 per cent growth in December quarter FY24 in comparison to July-September period, recording a robust demand for flexi (contract) workforce, ISF said in a statement. The staffing industry grew at 16.4 per cent year-on-year in the period January-December 2023. The rise in employment was particularly notable in key sectors such as e-commerce, retail, FMCG, logistics, manufacturing, hospitality, tourism, aviation, energy etc, it stated. The report highlighted that as of December 2023, the total formal flexi workforce employed by members of ISF reached 1.62 million. The reported figures for new flexi jobs by ISF represent the

Dell reduces workforce as part of broader cost cuts, limits external hiring

The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month

Should we really work 70 hrs a week?

IndiGo to cut 10% workforce to control impact of Covid-19 pandemic

The airline with more than 50 percent market share is one of the largest job creators in the Indian aviation industry due to its size

China has its work cut out: India to be world's largest employer in 2100

Population to decline from a peak in 2048 to a 32% lower level by 2100: The Lancet

Co-living players eye corporate sector with hybrid accommodation models

Nexus Venture Partners-backed Zolostays is also coming up with custom-made properties for corporates

Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high

The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.

HCL Tech to hike workforce in Lucknow by 50% to 6,000 by March 2021

Firm currently serves 103 global clients from Lucknow centre, of which nearly 70% are US-based

Govt to frame job policy afresh; labour ministry begins talks with industry

The government had in 2018 formed an inter-ministerial committee to formulate a policy document on jobs and the VV Giri National Labour Institute was supposed to submit a draft to the labour ministry

Is India running out of time to cash in on its booming young workforce?

India isn't doing enough to revamp its education system to prepare the youth for better-paying, high-skilled jobs, going by a recent World Bank report

India's decentralised renewables workforce to double by 2022-23: Report

This comes at a time when India is facing a 45-year high unemployment rate

CEOs say they are concerned about talent gap in their ranks

This year's survey sees a shift. CEOs are now focused on reskilling and upskilling their existing workforce

Salary and benefits top drivers for the Indian workforce

Salary and employee benefits (48 per cent) continue to be the top driver among the Indian workforce while choosing an employer, followed by long-term job security (46 per cent), financial health of the company (43 per cent), pleasant working atmosphere (40 per cent) and good work-life balance (38 per cent), according to the Randstad Award survey. The survey on employer branding, independently conducted with more than 200,000 respondents across 25 countries, also revealed that the importance of salary has decreased from last year (six per cent decrease from 2015). The findings reflected that the Indian workforce prefers to work or move to sectors like information technology and communication (70 per cent), followed by automobiles (66 per cent) and fast-moving consumer goods, retail and e-commerce (64 per cent). Meanwhile, Google India emerged as the winner of the Randstad Award for the second consecutive year and was awarded the "Most Attractive Employer" in India, with Mercedes-Benz In