by admin | May 25, 2021 | Employment, Private Jobs
Washington : The US private sector added more jobs than expected in January, signaling a robust start to the year in hiring, according to data released by the ADP Research Institute on Wednesday.
Payrolls at non-farm private companies increased by 234,000 in January, beating market expectations. Small private-sector businesses added 58,000 jobs in January, medium-sized businesses added 91,000 and large businesses added 85,000, according to the report.
The hiring in the first month of the new year bodes well for the remainder of 2018, Xinhua quoted Mark Zandi, chief economist of Moody’s Analytics, as saying.
“Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs,” he said. “If it falls short, it is likely because businesses can’t find workers to fill all the open job positions.”
The ADP National Employment Report is jointly developed with Moody’s Analytics.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Private Jobs
New Delhi : In line with its commitment to hire 2,500 engineers for R&D in India in the next three years, Samsung on Wednesday said the company will hire 1,000 engineers from top engineering colleges including IITs, NITs and IIITs this year.
With a thrust on New-Age domains like Artificial Intelligence (AI), Internet of Things (IoT), Machine Learning (ML), biometrics, Natural Language Processing (NLP), Augmented Reality (AR) and networks including 5G, Samsung will hire 300 students from IITs this year.
The company will hire 35 students from IIT-Bombay, 32 from IIT-Delhi, 22 from IIT-Madras, 45 from IIT-Guwahati and 29 students from IIT-Kharagpur, among others.
Samsung India has three R&D centres — in Bengaluru, Noida and Delhi.
“Samsung is extremely bullish on R&D in India and this focus on R&D has helped us cement our Number 1 position in the Indian market. The three R&D centres in India work on several cutting-edge technologies,” Dipesh Shah, Managing Director, Samsung R&D Institute India, Bengaluru and Global Senior Vice President, Samsung, said in a statement.
Apart from IITs and NITs, Samsung is also hiring quality talent from other premier institutes such as the Delhi College of Engineering, BITS Pilani, Manipal Institute of Technology and IIITs, among others.
Last year, Samsung hired 800 engineers for its R&D facilities, out of which 300 were from IITs.
Apart from the traditional domain of computer science, students were hired from streams such as electrical engineering, mathematics and computing, applied mechanics and statistics, among others.
Samsung has a total of 32 R&D centres across the world and the Bengaluru one is Samsung’s largest R&D centre outside South Korea.
“As part of our ‘Make for India’ initiative, R&D centres in India also work on developing innovations that are centred on the needs of Indian consumers and also contribute to innovations for global products,” Shah said.
—IANS
by admin | May 25, 2021 | Employment, Government Jobs, News, Politics
P. Chidambaram
New Delhi : A kicking holes with the latest Economic Survey tabled in Parliament, former Finance Minister P. Chidambaram said on Tuesday said that the Narendra Modi government’s claim to be able to create 75 lakh jobs by March is “outrageous” as it is “simply not possible” in India’s context.
The Congress leader said if India can create 75 lakh jobs in the formal sector, it must have created another 75 lakh jobs in the informal and agriculture sector but it is not possible to achieve as India would need five times of its current GDP to create 150 lakh jobs in a fiscal.
“Take this new theory that we will create 75 lakh jobs by March in this country. I mean, you are exposed.
“Let’s look at the numbers. In 2014-15, the EPFO (Employees Provident Fund Organisation) numbers jumped by 23 lakh. It was when economy grew by 7.5 per cent.
“In 2015-16, EPFO numbers jumped by 25 lakh as the economy grew at 8 per cent. In 2016-17, it is expected to jump by 75 lakh. How can it jump by 75 lakh?” Chidambaram said during a panel discussion here at the release of his latest book “Speaking Truth to Power”, a collection of articles he wrote over the months in a leading English daily on economy, politics and various social issues.
“China’s GDP is five times India’s and it creates 150 lakh jobs. The argument is India’s non-farm payroll jobs contributed to 75 lakh jobs? Which means farm sector and informal sector, there would be another 75 lakh jobs, or we would be creating 150 lakh jobs?” the former Finance Minister demanded to know.
“The attempt to use payroll as a measure was a good one but to use it to extrapolate and make such outrageous claims that India’s economy created 75 lakh jobs, hark. We can only measure non-farm employment or what we call payroll jobs with fixed salary, wages etc. You can extrapolate from what you can measure and then extrapolate it over the entire economy,” he explained.
He said that jobs are the number one concern today.
“If we are creating 75 lakhs jobs, how come this is number one concern? It is the concern that led Hardik Patel, Jignesh Mewani and Alpesh Thakore to be able to mobilise their supporters (in Gujarat).
“You may dismiss it as caste mobilisation. Yes, caste is a convenient term to mobilise but the real driving force behind they mobilisation was jobs,” Chidambaram said.
The Congress leader also termed the ‘one nation, one election’ or the pitch for simultaneous elections by Prime Minister Modi as a “jumla”, saying simultaneous polls are not possible with the present Constitutional arrangement.
“The Constitution of India does not give fixed term to any government. Unless we amend the Constitution, simultaneous elections are not possible. May be you can artificially construct an appearance of simultaneous polls by preponing some, postponing some (assembly polls) but you can do it for five or six states along with Parliament elections. But how can you do it with 30 states?
“What if a state government falls after a year. Are you going to have Presidents rule for four years? There was this jumla of ‘one nation, one tax’, now this jumla of ‘one nation, one election’,” the Congress leader said in a panel discussion with Shashi Tharoor, Montek Singh Ahluwalia and journalist Shekhar Gupta.
Former President Pranab Mukherjee unveiled the book in the presence of former Prime Minister Manmohan Singh, former Vice President Hamid Ansari and a host of senior Congress leaders.
—IANS
by admin | May 25, 2021 | Employment, Government Jobs, News, Politics, Private Jobs
Arvind Kejriwal
New Delhi : Chief Minister Arvind Kejriwal on Friday “pleaded” with Lieutenant Governor Anil Baijal to recruit more pharmacists in government hospitals.
“Today, again, I plead before you with folded hands to please take immediate steps to recruit more pharmacists to provide relief to the patients,” Kejriwal wrote to Baijal.
The letter comes a day after Kejriwal made a surprise visit to Guru Teg Bahadur Hospital here and found long queues at the pharmacy.
“My intention is not to find faults or point fingers,” it read.
Last week, vacant posts in the hospitals became a flashpoint between Baijal and Kejriwal with both blaming each other for the delay in making appointments.
Kejriwal had told Baijal that 2,169 posts were lying vacant in hospitals as the latter had approved a decision to hire only retired personnel, and added that not enough retired personnel were available.
He alleged that the elected government was being kept in the dark about the decision and said: “I would also be grateful if necessary directions are issued to all officers to stop hiding files from the elected government.”
Responding to the Chief Minister, Baijal had said that the proposal to appoint retired employees to the vacancies was moved by the Health and Family Welfare Department on directions of the Chief Minister in a meeting on August 8, 2017.
“The minutes of that meeting were also issued by the CM Office. Therefore, it is surprising that the Chief Minister has now raised questions regarding the filling up of vacant posts with retired personnel,” Baijal had said.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Private Jobs
By Bhavana Akella,
Hong Kong : With automation, Artificial Intelligence (AI) and disruptive technologies increasingly replacing human beings, industry experts on Tuesday called for re-skilling techies for their retention and creating more jobs for future.
“The skills that were required for jobs 20 years ago and the present day are not the same just as the skills that will be required are. So, we have to keep retraining our people,” said International Finance Corporation’s Director, East Asia and Pacific region, Vivek Pathak at a panel discussion during the 11th Asian Financial Forum here.
Addressing a session on “Jobs of the Future – Supporting the Next Generation of Entrepreneurs” at the two-day financial summit that concluded on Tuesday, he said that countries need to create ecosystems to encourage and support start-ups.
“If jobs are being lost in the IT sector due to automation technologies, they are being created in other areas. Governments and public at large should focus on whether techies and people in other professions are skilled enough for the new jobs,” Pathak said.
Countries should also work on making reasonably-priced internet accessible so start-ups and new technologies can grow, said panelist Nicolas Aguzin, the Chairman and Chief Executive Officer for Asia Pacific region at American banking and financial service firm J.P. Morgan Chase.
“Technology has played a critical role in the creation of newer jobs in the past few years,” he said.
Another panellist, Melissa Guzy, the founder and managing partner of Arbor Ventures, a Hong Kong-based venture capital firm, predicted that the future start-ups would be spread across the world, and not centralised in Silicon Valley in the US, which is home to several global technology companies.
“With the restrictions in doing business in the US during President Donald Trump’s regime, the Silicon Valley will continue to dwindle over time, which great as there will be successful startups and entrepreneurs in the rest of the world,” she said.
According to the International Labour Organisation’s projections, at least about 200 million people in the world would be unemployed in 2018.
While jobs in production lines and coal mines etc., would soon be replaced entirely by machines, several new jobs which didn’t exist earlier like data scientists and cybersecurity specialists will also grow, the experts believed.
Organised by the Hong Kong government and the Hong Kong Trade Development Council, the Forum witnessed the participation of around 100 speakers and nearly 3,000 delegates from around 50 countries including China, the US and others.
Some of the key speakers at the Forum included the International Monetary Fund’s (IMF) First Deputy Managing Director of David Lipton, Asian Development Bank President Takehiko Nakao, Asian Infrastructure Investment Bank President and Chairman Jin Liquin among others.
Global economy, emerging financial technology sector in Asia and how it can transform the future of banking, AI and big data opportunities were some of the topics discussed.
(Bhavana Akella is in Hong Kong at the invitation of Hong Kong Trade Development Council. She can be contacted at bhavana.a@ians.in)
—IANS
