Banking and IT lead; see September hiring rise 52%, 34% y-o-y, respectively.
Lower cost and easier termination may well be among the reasons that companies seek to have employees on contract. The share of employees on contract has increased to 57.3 per cent of the total workforce this year as compared to 53.7 per cent in the previous year.
According to a proposal by the Union labour ministry, 10 per cent of the employees or 100 workers will be needed at least to form a trade union
While some trade union leaders have welcomed the move, industry has opposed it, fearing an increase in its wage bill
Or it could lose you one, says Samali Basu Guha.
Last year, it was not just the economy that slowed hiring. Employers were also unable to complete the verification process because of the lockdowns, resulting in delays in hiring and an increase in discrepancies between an employee's professed abilities and the reality. The experience is driving many companies to automation. In a recent EY survey, 56 per cent of the companies said they'd automated their processes, while 72 per cent felt technology could be leveraged to digitise employee records.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
You need to revamp both your work practices and technology tools to maintain your efficiency and effectiveness
All in kind! Gujarat's model of employee benefits, as seen in the state's family-owned businesses, retains talent with a human touch.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
With future prospects being difficult to predict, hiring for a short period is proving to be cost-effective
While the first wave of moving work to India was driven by cost considerations, increasingly companies are banking on local talent to add value to their business by jointly developing products and solutions.
Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
The first step in your order of priority should be to pay off any high-cost debt you might have incurred.
Campus placements are already in full-swing and hiring plans of many companies, whose expansion plans were stuck due to policy paralysis, are now getting green signals.
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