EMPLOYMENT NEWS
Employer arrested for Indian farm worker's death in Italy
Satnam Singh was abandoned by his employer after a strawberry wrapping machine severed his arm in Lazio, near Rome, last month and died due to "copious bleeding", the ANSA news agency reported.
Increasing annual leave to five weeks would cost employers less than you might think
The idea of expanding annual leave to five weeks appears to be gaining traction, spurred by recent advocacy from groups like the Shop Distributive and Allied Employees Association. While certain industries already offer extended leave, such as for continuous shift workers, most employees typically receive four weeks. Australia's annual leave entitlement has remained unchanged since 1974, prompting calls for review amid international comparisons where some countries offer more statutory days.
Salary structure in more than 40% of Indian companies is tax inefficient: Study
The study, based on an email survey sent to more than 16,000 executives working across the departments of human resources, finance and administration, elicited responses from 97 companies across sectors.
Martech jobs on the rise as digital avenues become prominent in marketing
Digitalization has permeated all sectors, including marketing, which is now adapting to significant shifts in consumer behavior through the rise of marketing technology (martech). Martech blends marketing with advanced software tools to gain consumer insights and track marketing performance, ensuring organizational growth.
Varun Kohli joins as COO of Times Network's News Broadcasting Business
As the COO of Times Network, I spearhead innovative strategies in collaboration with industry leaders, driving growth and success in news broadcasting. Leveraging my extensive experience, I aim to position Times Network as a frontrunner in Revenue Management and Operations, setting new benchmarks in the industry.
85% Indian professionals set to invest in upskilling for FY25
According to Great Learning's 'Upskilling Trends Report 2024-25,' 85% of professionals in India plan to invest in upskilling initiatives in fiscal year 2025 (FY25). The report highlights a drop in job retention confidence to 62% from 71% the previous year, mainly due to tech disruptions and challenging macroeconomic conditions. Entry-level professionals feel the most uncertain, with only 29% confident about job retention in FY25. Upskilling is crucial, especially in fields like data science, AI, and machine learning, with 92% of seasoned professionals and 83% of freshers recognizing its importance.
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Oil prices ease on strong US dollar, mixed global economic news
WTI fell out of overbought territory as Fed's interest rate hikes to curb inflation impacted oil demand. The decline in crude prices was influenced by rising U.S. dollar and negative global economic news. U.S. business activity rose to a 26-month high in June with an employment rebound. Geopolitical tensions escalated with warnings of a trade war over electric vehicle imports.
Focus on agriculture sector in Budget 2024 as it can generate employment: PHDCCI
Budget expectations: In its pre-Budget recommendations to the Finance Ministry, PHD Chamber of Commerce and Industry (PHDCCI) emphasized focusing on the agriculture sector as a vital employment generator. With a significant portion of India's workforce in agriculture, PHDCCI advocates for boosting rural infrastructure, increasing public and private investments, and reducing post-harvest losses.
ISB Online offers learning solutions to higher education institutions
The Indian School of Business (ISB) is expanding its ISB Online platform to serve a diverse range of learners, including undergraduate students, professionals, and executives, from various sectors. With plans to double their current learner base by FY24-25, ISB Online aims to enhance employability, improve teaching outcomes, and provide networking opportunities through flexible and self-paced learning options, as well as offering faculty development programmes for academic institutions.
India's fast-growing economy has a problem
India faced criticism for withholding a labor survey revealing high unemployment until after Modi's re-election in 2019.
Germany needs 4 lakh trained personnel, great opportunity for Maharashtra youth: Minister Kesarkar
Addressing reporters, the minister of school education said, "I have recently returned from Germany with encouraging news for Maharashtra's youth. That country has requested nearly four lakh trained youths, which presents a significant employment opportunity for all of us. Germany has specifically requested 10,000 trained youths in the first batch."
Police investigate Som Distilleries over allegations of employing children; company issues clarification
Police are investigating Som Distilleries and Breweries Ltd after allegations surfaced that over 50 children, including 20 girls, were found working at a distillery in Madhya Pradesh. The National Commission for Protection Of Child Rights initiated the probe, prompting serious concern from authorities. Som Distilleries clarified the issue pertains to an associate company dealing with country liquor and terminated the contractor responsible for labor supply.
View: Manufacturing isn’t about jobs but key to balancing trade deficits, securing geopolitical security
In a famous barnstorming speech, then-US senator Richard Nixon, battling charges of embezzlement of election funds, made an emotional appeal to voters by invoking his modest background and declaring his intention to retain his dog Checkers. This speech, known as the Checkers Speech, is a storied instance of the straw man phenomenon in the US political history.
With strong job growth, rate cuts by US Fed before polls unlikely: Jefferies
With the US economy having created far more jobs than expected in May and consumer inflation in the country still looming above a comfortable range, its central bank Federal Reserve is unlikely to tinker with policy rates ahead of the much-awaited Presidential election scheduled later this year.
US services sector activity beats expectations in May
Activity in the US services sector rebounded in May, surpassing expectations, with the ISM services index rising to 53.8%. Chair Anthony Nieves noted higher business activity, new orders growth, and employment challenges.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
7th Pay Commission news: Gratuity limit now hiked for central government employees after Dearness Allowance (DA) touches 50%
DA hike impact: The Center's decision to increase its employees' dearness allowance by 4% to 50% has resulted in significant revisions to other allowances, including retirement gratuity, which is a great benefit for government employees.
Maximizing job opportunities in Canada: A guide for Express Entry candidates
Canada's economic immigration programs are vital for expanding the national workforce, with nearly all recent growth attributed to them, according to CIC News. To address labor needs, initiatives often connect with immigration programs, like hiring from the Express Entry pool. Employers must meet criteria, including offering skilled work and proving a lack of domestic candidates. Through the Job Match feature of the Job Bank, employers can match job postings with suitable candidates.
Why deeptech companies need to do a deep-dive on gender diversity
Indian companies, particularly in the IT sector, have made some progress in gender diversity but still face significant challenges, especially in the deeptech sector. A report by Pure Storage and Zinnov highlights these issues, revealing that while global capability centres (GCCs) employ 1.66 million people with 28% being women, this diversity decreases sharply at higher corporate levels, dropping to just 6.7% at the executive level.
China's Xi Jinping calls for efforts to promote employment
China's President Xi Jinping urged for the promotion of high-quality and sufficient employment while presiding over a Politburo study session. Xi emphasized enhancing workers' sense of fulfillment, happiness, and security, according to state media reports from Xinhua news agency on Tuesday.
India's chemicals market to hit $29.7 bn in 2024, set for steady growth with 3.26% CAGR through 2029
India's chemicals market, valued at USD 220 billion in 2023, is projected to grow to USD 383 billion by 2030, with an 8.1% CAGR. This sector, currently the sixth largest globally by sales, has attracted USD 21.7 billion in FDI from April 2000 to September 2023, benefiting from 100% FDI under the automatic route. Investments in Petroleum, Chemical, and Petrochemical Investment Regions (PCPIRs) are expected to reach USD 420 billion. The establishment of educational institutes like CIPET and IPFT will drive skill development.
No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC
Tax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have availed loan from their employers at concessional interest rate or interest free rate. However as per our calculations, even if bank employees pay income tax on this loan, they will still have some savings.
NCBC wants West Bengal, Punjab to raise OBC reservations as quota limit remains unused
NCBC advises West Bengal and Punjab to enhance OBC quota within 50% limit for SCs/STs and OBCs in govt jobs and education, following Supreme Court cap amid BJP-Opposition clash over quotas. NCBC chairman Hansraj Ahir urges compliance from the states, emphasizing the need for increased OBC quota in government employment.
MHA directs CAPFs to adopt BSF's 'beehives on border fence' model across the country
The Union Home Ministry has instructed all central paramilitary and allied forces to replicate a successful beekeeping model initiated by a BSF unit in West Bengal along the border fence. This initiative aims to create employment opportunities for locals and enhance goodwill, thereby strengthening security measures. The model, lauded during a meeting chaired by Union Home Secretary Ajay Bhalla, involves installing beehives on the border fence to deter crimes like smuggling and fence cutting while engaging locals in productive work.
After cancellation of 80 flights, Air India Express sacks nearly 30 crew members for mass sick leave
Air India Express Layoffs: Following the cancellation of approximately 80 flights, Air India Express, under Tata ownership, has terminated the employment of 25 cabin crew members for their failure to report to work. The salaries of crew members have been reduced by nearly 20% due to the merger of Air India Express with AirAsia India.
Zee Media Corporation terminates CEO Abhay Ojha
Zee Media Corporation Ltd announced the termination of its CEO Abhay Ojha, effective from May 4, 2024. The company's Board of Directors approved and confirmed Ojha's cessation of employment and his consequent removal as CEO. The reasons for his termination were not disclosed. Ojha had been promoted to CEO last year after joining Zee Media in 2022 as Chief Business Officer.
US private payrolls beat expectations in April
The ADP Employment report revealed that U.S. private payrolls exceeded expectations in April, with an increase of 192,000 jobs, following an upward revision of 208,000 jobs in March. Economists had predicted a rise of 175,000 jobs for April. This report, developed with the Stanford Digital Economy Lab, often anticipates trends in the labor market, although it tends to show a more pronounced slowdown compared to official employment data.
Amid Bengaluru water crisis, Karnataka issues heatwave advisory for employers in the state
Karnataka Health Minister advises public and employers to protect against rising temperatures. Minister directs officers to stock medications and issues workplace advisory. The minister also said that the state is seeing in increase in incidence of sunstroke, migraines, and skin ailments, along with an uptick in bacterial and viral infections, in the state.
India has the highest hiring sentiment for April-June, says Manpower
Indian companies have the most positive hiring outlook globally for the April-June quarter, with a net employment outlook of 36%. The survey by Manpower Group also shows strong hiring intentions in sectors like healthcare, life sciences, communication services, and IT.
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