A study conducted by recruitment firm Hays,in conjunction with Oxford Economics, examined professional employment situations across 33 countries and markets, and measured the ability of companies to access skilled workers. For China, the overall index score has decreased to 3.8 from 5.0 in 2013, indicating that the labor market has been less pressured than historical […]
Two years after demonetisation, India is still struggling to create jobs
The November 2016 demonetisation of Rs500 and Rs1,000 notes, which accounted for about 86% of the currency in circulation by value at the time, had dealt a body blow to the country’s small and medium businesses as they struggled to sustain operations amid an acute cash crunch. In the months that followed, over 1.5 million […]
TCS doubles pay for fresh hires with new-age skills
Tata Consultancy Services (TCS) has offered about 1,000 freshers with new-age digital skills almost double the salary it normally pays those coming out of campuses. The entry-level salary of Indian engineers in the IT industry has been stuck at about Rs 3.5 lakh per annum for the past decade. But now TCS is offering those […]
LinkedIn CEO Jeff Weiner says the biggest skills gap in the US is not coding
As head of the world’s largest professional-networking site, Jeff Weiner, CEO of LinkedIn, presumably has access to more, and more detailed, employment information than any government. He knows what jobs people post, what jobs people have, and what jobs people want. And the biggest skills gap he says he sees in the United States is […]
Labor market under strain from rising skills mismatch
Labor productivity or wages have not improved amid a global economic growth and the labor market is under pressure due to a rising mismatch between the skills workers possess and those required by employers, according to report released by recruiting firm Hays plc. Read the full story Read the full story at https://www.shine.cn/biz/economy/1809262714/ SOURCE: SHINE
The ‘Future of Jobs’ Report 2018
The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in […]
Indians need to reskill or risk being replaced by machines: WEF
Globally, almost half of all companies expect automation to cut their full-time workforce in the next four years; however, new jobs will still lead to a net gain in employment opportunities if sufficient reskilling is done. In India, 54% of employees in these sectors will need reskilling by 2022, the WEF said in a recent […]
China should not be blamed for unemployment in America, Europe: expert
“China’s success is not the root cause of the failure of certain western economies to keep up with innovation, win-win employment models, education and long term planning,” said Adam Garrie, director of an independent news platform Eurasia Future. Read the full story at http://www.xinhuanet.com/english/2018-06/19/c_137263287.htm SOURCE: Xinhuanet
The great migration: Talent from the north heads south
Recruitment agencies are facing a new challenge: While there are more job opportunities in the south thanks to a surge in startups, e-commerce and retail firms, the talent is in the north. Read the full story at https://timesofindia.indiatimes.com/business/india-business/the-great-migration-talent-from-the-north-heads-south/articleshow/63766684.cms SOURCE: Times of India