Blue-collar hiring in tier 2 and tier 3 towns have come to a grinding halt in the last 4-5 weeks even as a lot of small and medium-sized manufacturing companies, where production is based on a continuous flow of order, are on the verge of stopping in these markets, job market experts and economists said.
The Santa Clara, California-headquartered company is leveraging its regional competencies in engineering and IT to enable faster product development through design, simulation, test, and validation. The company currently has around 5,000 employees (both full-time and contractors) in India.
According to Deval Singh, Business Head- Telecom, IT and ITES, Media and Government, TeamLease Services, the outlook for contractual hiring in the sector remains positive, notwithstanding some ambiguities on account of the second severe wave of COVID-19.
Women's participation in India's labour force has been steadily declining since 1993-94 and India has one of the lowest female labour force participation rates among developing countries. Despite decades of policies and programmes aimed at addressing this issue, the figure has remained consistently low, it said .
Net enrollments under EPFO in March stood at 11.21 lakh in March, down from 11.28 lakh in February, reflecting the impact on jobs because of partial lockdowns. The highest addition of net new subscribers under EPFO was in September at 12.16 lakh while the retirement fund body saw a dip in net new enrollments in April and May which were complete two months of lockdown.
The Deloitte Global report, “Women @ Work: A global outlook,” finds that these increased responsibilities are having devastating effects on working women as 51% of those surveyed are less optimistic about their career prospects today.
Last year, Axis Bank launched its ‘GIG-A-Opportunities’ programme to access new talent pools based not on geographic location, but skill. In the pilot project of 100 roles last fiscal, the bank hired both specialist freelancers and full-time employees in a work-from-anywhere format. Up to 60% of the hires were from across tier-2 towns.
The hiring plans are part of the organisation’s continued commitment to its presence in the country and its vision to establish India as a centre for technology innovation across the bank globally.
As India's economy tried regaining its footing earlier this year, the number of job opportunities rose 32 per cent during January-March 2021 as compared to the preceding December quarter, hinting towards an economic revival in the country, the report by global recruitment specialist Michael Page said.
India Inc has urged the government to provide incentives for employment generation in the wake of the deadly second wave of the Covid-19 pandemic.
“For those programmes, we will likely need to hire between 300-500 people in the first half of the year, split across academics, operations, sales counselling, content development and marketing. For the full year, we will likely hire over 1,000 people,” Karthik Gopalan, director of people operations, Great Learning, told ET.
The data indicates that the employment index saw a decline in job posting activity in April compared to March, by 3 per cent, according to the Monster Employment Index. The overall job postings also witnessed a decline of 4 per cent year-on-year as of April 2021, compared to April 2020.