According to CMIE, increasing labour participation rate (LPR) week after week in May, touching 38.8% for the week ended May 17, shows that a fairly large number that had technically left the labour market in April is returning back. LPR had fallen to 35.6% in April from 41.9% in March after which it gained ground in May.
One such programme called 'Accel' has been curated by Godrej Group for its 32 high-potential women managers. In this year-long programme, managers are mentored by key women leaders from the group, including Nisaba Godrej, and other internal leaders as well, with the focal areas being learning strategy, emotional, social awareness and, more importantly, influencing.
Massive unemployment has started hitting urban India. For many sectors, the worst is yet to come. Thousands of young Indians are losing jobs, most with minimal notice, in a country without a formal safety net. Tech, ed-tech and banking/fi nance are the few bright spots. Here’s the data that frames this economic and social crisis.
Resilience has emerged as the most important trait in a leader steering an organisation.
The company currently has 500 employees and offices in Pune and Gurugram. It develops game art for several global companies like Disney, Sony, Warner Brothers and Bandai Namco.
Job seekers across the country are showing greater interest in working remotely, with a spurt in search for terms like 'remote', 'work from home' and related phrases, job site Indeed said in the report.
E-commerce major Amazon India on Friday said it will add 50,000 'seasonal' or temporary roles to meet the surge in online demand for products, particularly from those most vulnerable to being out in public in the backdrop of the coronavirus pandemic. The 50,000 seasonal roles will be across its warehousing and delivery network, and the move comes at a time when economic activities and e-commerce operations are slowly chugging back to life outside containment zones, as the country eyes a staggered exit from lockdown, with fewer curbs.
The formal sector payroll additions may worsen in April and May when the full impact of Covid-19 was felt and businesses were hit hard by the lockdown, resulting in massive job losses. Besides, the payroll data of recent months may change slightly due to delays in data collection.
This will be a variety of roles in their fulfilment centres and delivery network including part-time flexible work opportunities as independent contractors with Amazon Flex, it said in a statement.
Banking correspondence is emerging as a lucrative option for many rural traders.
During the lockdown alone, the company has onboarded over 100 professionals, across sectors like technology, pharma life sciences, ESG, etc. through its virtual onboarding process. The company has a workforce of over 700 employees and plans to increase it to over 800 by the end of this fiscal.
Overall job loss estimates for the entire tourism value chain — including hotels and restaurants, airlines, tour operators, transport providers and all other allied businesses — battered by the Covid-19 pandemic, may lie between 38 million and 50 million as per industry body FAITH and CII.
Multinational companies and large Indian corporates with stronger balance sheets have indicated to Quess that they may go ahead with at least 70% of their planned hirings. Isaac sees that number possibly revised in the quarter starting July.
Visa Inc will allow a majority of its workforce to work from home through 2020, according to Chief Executive Officer Alfred Kelly Jr., mirroring similar moves from other fintech companies earlier in the week.
Companies in finance, insurance, retail and FMCG squeeze out contract employees.
The survey focuses on three major dimensions. The responses highlight the importance of attributes such as perseverance, grit and resilience for human centric firms. Interestingly, creativity, imagination, or appreciation of aesthetics and beauty – which characterize talent – didn’t feature in the top 3 skills for the future.
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