EMPLOYMENT
Bengaluru leads in fresher hiring in FMCG at 41%: Survey
The FMCG sector in India is experiencing a surge in demand for fresh talent. Hiring intent for freshers is projected to rise to 32% in the second half of 2024. This growth is driven by deeper market penetration in rural and semi-urban areas. The food processing industry is expanding rapidly, creating job opportunities.
Net formal jobs under EPFO up 9.3% at 1.88 million in September: Payroll data
India witnessed the creation of 1.88 million net formal jobs in September, marking a 9.3% surge compared to the previous year, as per government data. This growth is attributed to increased employment opportunities and EPFO's outreach initiatives, with a notable rise in youth employment and female workforce participation.
Formal job creation under ESIC up 9% in September at 2.05 million: Payroll data
As per the provisional payroll data, released by the ministry of labour and employment on Tuesday, around 23,043 new establishments have been brought under the social security ambit of the ESI scheme in September compared to 28,917 new establishments added in August 2024.
Over 26,000 aspirants participate in army recruitment rally in J&K's Poonch
Over 26,000 young individuals participated in an army recruitment rally held in Poonch, Jammu and Kashmir, marking the first such event in five years. The rally aimed to fill over 350 vacancies, attracting candidates from across the region. Participants underwent physical tests, medical examinations, and documentation checks, with a significant number advancing to the next stage.
10 Indian institutes, led by IIT Delhi, rank among world¡¯s top 250 for graduate employability
Ten Indian institutions, including IIT Delhi and IISc Bengaluru, have secured positions among the top 250 universities globally for graduate employability, as per the GEURS 2025. The ranking highlights the growing recognition of Indian institutions, particularly in technological fields, by international employers. However, experts emphasize the need for broader improvements in India's higher education system to address employability challenges.
TeamLease EdTech, Labour and Employment Ministry ink MoU to enhance employability
Leveraging its digital platform, Digivarsity, TeamLease EdTech will make live internship opportunities accessible to students pan India through the NCS platform, creating pathways that bridge skill gaps and prepare a job-ready workforce aligned with India's evolving job market.
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India's workforce to increase to 457.62 mn by 2028: Report
India's workforce is set to expand, adding over 33 million workers by 2028. The tech industry will see significant growth, with 2.73 million new jobs driven by AI. Retail, manufacturing, education, and healthcare sectors will also experience job creation due to technological advancements. This growth presents opportunities for professionals to upskill and thrive in a tech-driven economy.
NSDC, TCS ink pact to launch National Proficiency Test for skill assessment
The National Skill Development Corporation (NSDC) and TCS iON partnered to launch the National Proficiency Test (NPT) to enhance employability. The monthly test assesses skills across five sectors, providing industry-recognized certifications. Available nationwide, the NPT aims to bridge the gap between job seekers' skills and industry demands, improving job prospects and potential earnings.
India needs 10 million jobs annually to fuel growth: Goldman Sachs
India needs to add 10 million jobs yearly from 2024-25 to 2029-30 for steady growth, a Goldman Sachs report reveals. Creating jobs in agriculture and services played a significant role recently. Policies suggested include boosting social housing, expanding IT hubs, and supporting labor-intensive manufacturing. Female labor participation in rural areas is rising.
How to protect yourself from scammers offering fake jobs
Job scams are rising as scammers impersonate recruiters to steal personal information or money. Job seekers are advised to research companies, avoid sharing personal details initially, and report scams. Verifying recruiters and not depositing suspicious checks are essential precautions. Reporting incidents to the Federal Trade Commission is recommended.
Formal job creation under ESIC up 6.8% in August at 2.07 million: Payroll data
As per the provisional payroll data, released by the ministry of labour and employment on Saturday, around 28,917 new establishments have been brought under the social security ambit of the ESI scheme in August compared to 56,467 new establishments added in July 2024.
Off to a good start: PM Internship Scheme surpasses target with over 1,25,000 offers in just 2 weeks
PM Internship Scheme has quickly exceeded its initial target of 125,000 internship offers, with large companies posting opportunities on a government portal launched on October 3. The scheme aims to provide internships to 10 million young Indians over five years, with over 60,000 applications submitted so far.
PM Internship Scheme will empower youth to thrive in Global Inc
India¡¯s Prime Minister Internship Scheme will offer internships to 1 crore youth between ages 21-24 over five years. They will work with top companies from various sectors, receiving a monthly allowance and government support. The initiative aims to equip youth with necessary skills for the global economy.
Net formal job creation under EPFO up at 1.85 million in August: Payroll data
Net formal job creation under India's EPFO sees a 9.07% rise to 1.85 million in August 2024 compared to August 2023. Significant contributions came from Maharashtra and the youth demographic. Female membership surged 10.4%, reflecting increased employment opportunities and diversity.
Results of recruitment exams for 25,000 posts will be released today: Haryana CM designate Nayab Saini
Haryana Chief Minister designate Nayab Singh Saini has accused Congress of being an anti-youth party, promising to release recruitment exam results for 25,000 posts that were delayed by Congress. He emphasized the government's commitment to providing jobs without bribes. Saini thanked voters and highlighted future plans under PM Modi¡¯s leadership.
Is marriage killing women's careers? World Bank report shows many South Asians pay 'marriage penalty'
A World Bank report shows that in South Asia, women face a 'marriage penalty' and a 'child penalty,' leading to decreased labor participation. Women's employment rates in India drop significantly after marriage. Education can reduce this gap. Raising women's workforce participation could significantly boost South Asia's GDP. The report calls for policy reform and societal change.
By 2030, skill requirements will change by as much as 64%: Teuila Hanson, Chief People Officer, LinkedIn
Skill requirements for jobs in India have evolved significantly since 2016, with AI driving faster changes. By 2030, these changes are expected to increase further. Indian professionals are adopting a growth mindset, spending more time on learning than the global average. Companies are prioritizing people skills and AI literacy in candidates.
India tops S Asia in women labour participation
India's female labour participation rate surged 23.4% from 2019 to 2023, leading South Asia. Bhutan, Pakistan, Maldives, Nepal, and Bangladesh also saw increases, while Sri Lanka faced a decline. With South Asia's rate at 31.6%, efforts to close the gender employment gap could boost regional GDP significantly. Enhancing education for women is key to overcoming employment barriers.
44% spike in employment verification discrepancies across six major sectors: AuthBridge
The Annual Trends Report 2024 by AuthBridge highlights a significant 44% rise in employment verification discrepancies across six major sectors, emphasizing the increasing necessity for thorough checks amid a growing digital landscape. Key findings reveal that the telecom sector faced the highest discrepancy rate at 18.2%, while the BFSI sector reported a notable 10.4%, reflecting heightened risks from falsified credentials.
How the Employee Linked Incentive Scheme will aid in job creation
The Employment-Linked Incentive (ELI) Scheme aims to generate over 2 crore jobs within two years by formalising employment, especially in the MSME sector. It focuses on skill development, gender inclusion, and offers wage subsidies to support workforce expansion and reentry, driving economic growth and employment opportunities.
Karnataka HC stays order declaring Ola's relationship with drivers as employer-employee
The Karnataka High Court has put a hold on a verdict that classified Ola's relationship with its drivers as employer-employee. This stay follows an appeal by Ola against the original judgment, which had directed the company to address complaints of sexual harassment involving its drivers and pay compensation to a complainant.
UST to expand presence in India, double headcount in the next 5 years
UST plans to expand its workforce in Kochi, India to 6,000 employees by 2029, doubling its current strength. A new 10-story campus on a 9-acre plot at Infopark Kochi Phase 2, opening in December 2027, will accommodate 4,400 seats, boosting UST¡¯s regional presence.
Fresher hiring intent in Bengaluru at 74% in 2024, tops other metro cities: TeamLease Edtech
Bengaluru is set to lead fresher hiring in 2024, with high demand in sectors like e-commerce, tech startups, engineering, and retail. Companies are focusing on skills such as cybersecurity, cloud computing, and data analytics. The city tops the list with 74% of employers planning to hire fresh graduates.
Nine in 10 Indian employees regularly contacted by employers outside work hours: Survey
A survey by Indeed reveals that 88% of Indian employees are contacted outside work hours, with 85% even during sick leave or holidays. Eight in 10 employers support a 'right to disconnect' policy to address stress and burnout, highlighting generational differences in attitudes towards work-life balance.
Make in India, PLI projected to continue creating manufacturing jobs
Government initiatives like 'Make in India' and the PLI scheme are driving strong hiring in India's manufacturing sector. Industries such as automotive, electronics, chemicals, and pharmaceuticals are expanding, creating demand for both blue- and white-collar roles. Companies are focusing on technology and sustainability, leading to new job opportunities.
Indian employees most satisfied with hybrid working, outpacing global average: Survey
Indian employees and employers express the highest satisfaction with their hybrid work environment, according to a new survey. Despite spending less time at their desks, Indian employees face challenges like noise and poor air quality. The report highlights the need for quiet areas and flexible spaces to enhance productivity and well-being.
Hiring gains momentum in India¡¯s travel & hospitality sector
India's travel and hospitality sector is experiencing a resurgence in employment due to rising air travel, religious tourism, and tech-driven experiences. More than 64% of employers are expanding their workforce, with key cities like Delhi, Mumbai, and Bengaluru leading the hiring surge. Sales and customer service roles are in high demand.
940 companies report zero complaints: Numbers suggest most employees don't complain against work conditions
India's top 1,062 listed companies received over 220,000 health and safety complaints and nearly 75,000 working condition complaints in fiscal 2023. However, most companies reported zero complaints. Experts suggest this may be due to underreporting or lack of systematic capture of grievances.
Will AI replace humans? Here¡¯s what the creator of the world¡¯s most powerful AI predicts about the future of jobs
Tom Altman, CEO of OpenAI, envisions a future where AI transforms jobs rather than eliminates them. He believes AI will handle repetitive tasks, allowing workers to focus on creative and strategic roles. Altman emphasizes the need for new skills and collaboration between humans and AI to maximize benefits and minimize harms.
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