HUMAN CAPITAL SURVEY
Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
India is exploring critical minerals in Latin America for EVs, but a solution may be closer in Kazakhstan. The country has reserves of critical minerals that can support India's clean energy goals.
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
This AI tide ain't ebbing
In the world of private equity, AI stands out as path-breaking in its potential. Goldman Sachs had put AI investment burgeoning to $200 bn by 2025. This now appears conservative. All that optimism is widening the arena of impact and extending to allied industries like semiconductors, servers, storage, networking, data management and analytics.
Awareness about air pollution-related terminologies low among urban poor in Delhi-NCR: Study
Low awareness of air pollution terms among urban poor in Delhi-NCR. Survey reveals PM 2.5 health risks and main pollution sources. Measures like air purifiers and masks suggested for different groups. Winter prompts government restrictions for air quality improvement.
Who moved my monument? The mystery of India's vanishing heritage sites
The Archaeological Survey of India (ASI) has delisted 18 untraceable monuments—from a minar in Gurgaon to a copper temple in Arunachal. How can archaeological treasures be protected amid chaotic urban development and inadequate allocation of funds?
What is needed to make India a $10-trillion economy? Ajay Piramal, Falguni Nayar, SN Subrahmanyan & Rohit Jawa explore the possibilities in a panel discussion
India's $10-trillion economy prospects discussed by industry leaders, emphasising digital revolution, infrastructure transformation, consumption growth, financial sector role, employment challenges, urban planning needs, and women's empowerment for achieving targets.
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Five in 10 employees in India believe their organisations will teach them required skills to adapt to AI, automation : Survey
Mercer's 'Global Talent Trends' report reveals that Indian respondents exhibit a higher confidence in their organizations' ability to prepare them for AI and automation compared to the global average. Additionally, more Indian respondents believe their organizations effectively communicate the benefits of AI, yet there's a noted lack of leadership embracing AI initiatives.
Almost 90% of the employees are asked to come to office at least thrice a week: Survey
According to a survey by Awfis and Savills, 66% of employees are required to go to the office every day, while 23% have a hybrid model of 3 or 4 days in the office. The tech sector is slower to return to offices compared to other sectors. The survey also found that short commute time, accessibility to public transport, and parking availability are the top three factors that make an office location ideal.
Economic and social reform constitute a radical agenda of eradicating caste
The caste survey in Bihar may not have a significant impact on the ground, as quotas are seen as a tired demand that cannot bring about transformative politics. Politicians do not need census data to understand the social reality and mobilize votes. Quotas were originally designed to enable upward mobility, but there have been concerns about the perpetuation of elitism among backward castes. Education needs to focus on intellectual curiosity and critical thinking rather than just facts.
The robots we were afraid of are already here
A humanoid warehouse worker, Digit walked upright on goatlike legs and grabbed bins off a shelf with muscular arms made from aerospace-grade aluminum. It then placed the boxes on an assembly line and walked back to the shelf to search for more.
View: Skilling MSMEs to play a leading role in India's techade
While India is among the largest exporters of human resources, the skills gap within the country remains glaring. According to the World Economic Forum, investment in upskilling could potentially boost India's economy by $570 billion by adding 2.3 million jobs by 2030.
VC investor Reid Hoffman is on a mission to show AI can improve humanity
In recent months, Hoffman has engaged in an aggressive thought-leadership regimen to extol the virtues of AI. He has done so in blog posts, television interviews, fireside chats, and has spoken to government officials around the world
Survey shows 6.25% hike in average CEO compensation
The average pay of chief executive officers (CEOs) in India rose by 6.25% to Rs 11.9 crore ($1.6m) in 2023, while compensation packages for other CXO roles remained steady, according to a Deloitte survey. The lack of an increase was attributed to the influx of young talent, whose packages are relatively low, leading to a steady average. The survey showed the average total cost to company for a CXO was Rs 3.2 crore. The survey covered 450 companies across six major sectors.
National Sample Survey: Key findings and what they mean for economy
Independent Data is a programme's best guide. The data in NSS will help India achieve the SDGs by 2030. Read with the findings of the National Family Health Survey - 5 (2019-2021), it is possible to adopt evidence based mid - course changes to achieve the outcomes. Programmes have to become more flexible in responding to independent findings.
Double digit salary hikes for India Inc employees in 2023
Executives are likely to get an average of 10.3% salary hikes this year, a tad lower than an actual increase of 10.6% in 2022, according to the survey. While the attrition rate on an average in 2022 across 1400 companies surveyed by Aon in India is 21.4%, the highest ever since 2009.
Further developing social infra key to more equitable growth: Survey
As India marches ahead, the ground lost as regards social sector improvements due to the pandemic, has largely been recouped, powered by prompt policy making and efficient implementation interwoven with technology, the survey, which was tabled in Parliament, said.
Prioritising expenditure is going to be a big challenge this year: Dr Sachidanand Shukla
"Tax revenues have stagnated at around 7% of GDP over the last decade or 10-12 years. Even the share of non-tax revenues has been dropping over time. It is now just about one odd percent and therefore, to me, the big challenge this year is going to be with a stagnating top line or the revenue item. How do you meet the said demands when it comes to reprioritise expenditure?"
Average CEO compensation in India up 21% in last 4 years
India's senior executives including chief executives are likely to get a 9.1% average salary hike in 2023 compared to 9.7% in 2022 and 7.9% in 2021, according to Aon's 12th annual salary survey. The average chief executive compensation in 2023 is Rs 8.4 crore, according to Aon that mapped about 150 CEO data points. It has increased by 21% in the last four years, higher than pre-COVID years.
Eight out of 10 Indian businesses reskilling IT workers in response to growing tech skills gap : Survey
IT leaders in India have serious concerns about talent retention and getting applicants with wrong skillsets, finds a new survey. According to the Equinix 2022 Global Tech Trends Survey, 74% of IT decision-makers in India view shortage of personnel with IT skills as one of the main threats to their business.
When the AI goes haywire, bring on the humans
The AI software used by Fair Isaac Corp, a credit scoring giant, told banks to deny millions of legitimate purchases, early during the COVID-19 pandemic
Most DIY investors don’t weigh ESG criterion while picking a stock: Survey
Capital.com, London-based global investment trading platform, conducted the survey and found that 52% traders and investors had never selected a stock or done trading based on ESG criteria.
India Inc to give double-digit salary hikes in 2023, survey shows
Pay hikes on an average in India are likely to increase by 10.4% in 2023, compared to an actual increase of 10.6% to date in 2022, which is slightly higher than the 9.9% increase projected in February, according to a survey by Aon plc, a global professional services firm. Aon has released insights from its latest Salary Increase Survey in India which analysed data across 1,300 companies from over 40 industries in India.
Human capital transformation: UKG and ETILC Roundtable
Some traditional companies like Tata have invested in their employee engagement and development programs and it is newer companies that are struggling with retention. However, the nature of work is also changing and thus planning employee careers is not easy as nobody knows the future of work.
Human capital growth through social impact investment
Human Capital is a measure of education, capacity, skill, and attributes of a worker and has the potential to influence the productivity capacity of a worker. The skills provide for a knowledgeable workforce that provides for economic value and more productivity. Thus, the quality of work could be increased by investing in workers and their skills.
Seven in 10 employees want long-term incentives like esops and retention bonus: Survey
The Human Capital Survey, conducted by Grant Thornton Bharat among 16,700 employees, shows that 46% of the respondents said if given the option, they would opt for higher fixed salary even if their overall pay is reduced.
Employers blame long work hours for mental health issues, employees point to leadership role: Survey
Employers and employees contradict each other on factors of influence, as 77 per cent of the employers surveyed point to long, erratic and always-on-work hours as the top factor, and play down the role of leadership, according to human capital solutions and services provider Gi Group's study 'All in the Mind: the state of mental health in Corporate India'.
Eight in 10 CFOs say adapting business models to thrive within future economy is biggest priority right now: Survey
Based on the findings, more than two-third of CFOs surveyed reported noting a decline within their industry in 2020 compared to 2019. Only 41% of CFOs were prepared for the long-term and financial impact of the pandemic while 40% were uncertain and the remaining 19% were not prepared at all.
Govt school transformation helped Delhi get highest NAS score
According to 'India Innovation Index 2020', prepared by Niti Aayog, among all pillars under Human Capital, the states have performed the best on NAS scores (Class X), wherein the average NAS score achieved by all states is 35.66.
India's march towards SDGs anchored in investing in human capital, inclusive growth: Eco Survey
Scaling up development programmes for improving connectivity, providing housing and bridging gender gaps in socio-economic indicators is of paramount importance for sustainable development.
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