by admin | May 25, 2021 | Corporate Jobs, Employment, News, Politics
New Delhi : Delhi Labour Minister Gopal Rai on Monday said that workers should not be employed on a contract basis for jobs which are permanent in nature like cleaning, security and clerical work.
Rai said that the Delhi Advisory Contract Labour Board was formed last month to address problems faced by contractual employees and its first meeting will be held on December 20.
The board, headed by Rai, will have representatives from all major workers’ unions, employers, two legislators and representatives from the government.
Rai said that the two main agendas of the Board will be similar pay for similar jobs and not hiring workers on a contract basis for jobs that are permanent in nature.
The Minister said that the board will identify all such jobs and develop a new system and also take the opinion of others who work on the issue.
—IANS
by admin | May 25, 2021 | Corporate, Corporate Jobs, Corporate Reports, Employment, Media, News, Private Jobs
New Delhi : The media and entertainment industry will be able to generate both direct and indirect employment of four million jobs in the next four to five years, according to a report.
The finding is part of the CII-BCG Report Media and Entertainment – The Nucleus of India’s Creative Economy, to be released at the CII Big Picture Summit 2017 on Tuesday.
The sixth edition of the Summit is themed ‘M&E: The Digital Takeover’, and organised by the Confederation of Indian Industry (CII).
It will bring together bright minds of industry leaders to navigate a successful growth path at a time when digital transformation, convergence of technology and disruptive ideas are changing the rules of the game, read a statement.
The report encapsulates the strong growth of the media and entertainment sector and the need to address large talent and skill gaps.
“The Indian media and entertainment sector has huge room for growth and can create four-five million jobs without much spending from public infrastructure.
“Digital platforms are proliferating and there are tremendous opportunity that never existed before – especially for creators, storytellers and technology providers,” said Chandrajit Banerjee, Director General, CII.
“Skilling is a major challenge as well as an opportunity for M&E industry as it can open new job prospects for young India,” he added.
According to the CII-BCG report, media industry workforce will be unrecognisable in 2022.
Major shifts around adoption of technology, big data and analytics as well as structural changes will mean many new job roles and a massive reskilling of the current workforce.
The industry also promises to continue a strong double digit growth of 11-12 per cent in the next five years, and needs to embrace itself for the consumption explosion.
The key consumption drivers for long-term growth are driven by rise in growing rural demand and media consumption, capturing more time of digitally connected consumers and strategically supplying to segmented audiences.
Given this, Kanchan Samtani, Partner and Director, Boston Consulting Group, said: “It’s the need of the hour, for the industry to identify the creative, technological and analytical skills that will be required over the next five to seven years to restructure its business model for the upskilling exercise.
“The talent agenda is the key aspect for the expansion of the sector. To achieve this, there is the need for concentrated efforts required by the government, academia and the industry bodies”.
Currently, direct economic impact by the media and industry is Rs 135,000 crore and employs over 1 million people.
Taking total economic impact, including indirect and induced benefits to the economy, media industry output is Rs 450,000 crore, contributing 2.8 per cent to India’s GDP, the statement read.
—IANS
by admin | May 25, 2021 | Employment, Overseas
New Delhi : Saudi Arabia continues to be among the most preferred destinations for Indians seeking jobs abroad, resulting in the Gulf kingdom becoming among the highest sources of remittances to India, according to official data.
According to figures provided by the Embassy of India in Riyadh, the number of expatriate Indians in Saudi Arabia shot up from 3,039,193 in March this year to 3,253,901 in October, a rise of over 200,000 within seven months.
They not only comprise blue-collar workers but a growing number of doctors, engineers, oil technologists, IT experts and other technocrats who are increasingly seeking opportunities in the Kingdom’s reforming economy and growing liberal atmosphere for expatriates.
According to Pew Research Center data, India continues to be the top recipient of migrant remittances, with nearly $69 billion coming in in 2015 alone.
Of the nearly $69 billion that came into India, Saudi Arabia accounted for over $10.5 billion alone – about a sixth of the total remittances.
However, in 2016, remittances to India went down by over $6 billion compared to 2015, brought about by falling oil prices and slow economic growth in the Gulf.
But after falling to a low of $25 a barrel last year, oil prices have now gone over $60 a barrel, indicating that the Gulf will remain a primary source of remittances for India with oil-rich Saudi Arabia among the leaders.
The dramatic rise in the number of expatriate Indians in Saudi Arabia vindicated the World Bank’s predictions that remittances among countries will rise in 2018 to touch $615 billion. Of this, $460 billion will be received by developing countries, a rise of over $30 billion compared to 2016.
According to World Bank estimates, $575 billion in remittances were sent globally in 2016. Of this, $429 billion was received by developing countries such as India.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, Private Jobs
Bengaluru : Advocating public-private partnerships to improve India’s employment ratio, academic and industry experts on Friday stressed on skilling engineering graduates in analytics for better job prospects.
“With the advent of new technologies like analytics, students need to be trained with right skill sets. A partnership of the government, institutions and the IT sector is crucial to spur the growth in data analytics,” said IIIT-Bangalore Director S. Sadagopan at a day-long Digital Innovation Conclave here.
According to a industry study, analytics market is estimated to be $1.64 billion (Rs 10,600 crore) currently and growing at 29 per cent compound annual growth rate.
Though a part of the Knowledge Processing Industry (KPO), analytics is considered a separate industry.
In view of its importance in the career prospects of students and techies, IT industry apex body Nasscom, the Institute of Finance and International Management (IFIM) and the International Institute of Information Technology-Bangalore (IIIIT-B) had developed three courses in analytics to train about 10,000 post-graduate students across Karnataka by first training their faculty.
“As the country has a bright future in analytics, it is imperative to focus on data for businesses to grow. Hence, its curriculum should be designed to nurture the right talent for hiring,” said Sadagopan.
Though the $155-billion Indian IT sector employs 39 lakh people, global financial advisory firm McKinsey estimated that the skill-sets of half of the workforce will be irrelevant, as they are not skilled to be in tune with the changing market needs.
“There is a need to re-skill the workforce in analytics and Artificial Intelligence as the technology is being adopted across industries. As data becomes the new fuel in running industries, the need for a professional knowledge of analytics and utilising it in artificial intelligence gains importance,” said IIFM’s Centre for Developmental Education Secretary Sanjay Padode at the conclave.
The conclave culminated with the formation of a think tank in digital business, chaired by professor Chandrasekhar, Chairman of Centre of Excellence for Business Analytics, IFIM Business School.
Sameer Dhanrajani, the Chief Strategy Officer of Fractal Analytics, Nitin Sareen, head of analytics Walmart Labs, Pankaj Rai, Senior Vice President- Strategy Wells Fargo are among its members.
—IANS
by admin | May 25, 2021 | Corporate Jobs, Employment, News, Politics, Private Jobs
Chennai : The workforce in India operations of global wind turbine major Siemens Gamesa may escape the axe if the Indian government comes with more auctions and clarifies on power purchase agreements (PPA), a top company official said.
Siemens Gamesa has announced restructuring impacting 6,000 workers in 24 countries and between April and September, its global revenues fell 12 per cent, as a result of temporary suspension of the Indian market.
Excluding the Indian impact, the global revenues fell just two per cent, Siemens Gamesa said.
“While the organisation is taking all possible efforts to adapt to this market conditions, it is awaiting positive signals from the Government with respect to clarity on PPA’s, initiating more auctions to stabilise capacity additions etc., which will help the industry to bounce back to normalcy,” Ramesh Kymal, Chairman and Managing Director, Siemens Gamesa India told IANS.
“India will continue to be a major focus for Siemens Gamesa. The company expects the market to stabilise in 2018 and fully recover in 2019,” Kymal added.
According to Kymal, it is not possible to specify the countries or the number of employees affected by the parent in each country as of now because the rules of different countries have to be followed.
“The plan will be implemented in the coming months and it is a necessary step to strengthen the group and consolidate its place as a market leader. Discussions will start complying with applicable rules and regulations with each country and the company will inform about the final agreements,” Kymal said.
Siemens Gamesa launched a Global restructuring plan driven by integration of legacy structures and by the change in market condition in order to establish a lean and agile organisation, he said.
In a recent interaction Kymal had told IANS: “We have scaled down our nacelle production. We started exports of blades to our sister companies in other parts of the world.”
“We did not reduce our workforce as they were deployed in solar energy projects. But this situation cannot continue for long,” Kymal had said about Siemens Gamesa India.
In India the government is planning three GW in central auctions up to March 2018, and the market is expected to fully recover in 2019, Siemens Gamesa had said.
—IANS
