India to have National Employment Policy

According to Nasscom, the half yearly financial reports of major IT companies indicate a decline in employment

GN Bureau | March 12, 2018


#Employment Exchange   #Jobs   #Unemployment   #National Employment Policy  

An inter-ministerial committee has been constituted to draft the National Employment Policy and consultations have been held with various stakeholders including ministries, state governments, trade unions, industry associations etc. for inputs to the policy, parliament was informed on Monday.

Union minister Santosh Gangwar said that International Labour Organization (ILO) has recently been involved for formulation of the National Employment Policy.

Read: Unemployed exchanges

According to National Association of Software and Services Companies (Nasscom), the half yearly financial reports of major IT companies indicate a decline in employment. The drop in the recruitment by the IT industry this fiscal year is due to several factors which include: Some of the less complex, standard and repetitive jobs are being automated; Companies are improving their employee-utilisation levels and reducing bench strength; and companies are employing people with specialised skillsets in newer areas such as data science, machine learning, artificial intelligence and internet-of-things. The growth rate in these technologies and the nature of the business do not necessitate large-scale hiring.

As per Nasscom, the Indian IT-BPM industry is expected to continue to be a net hirer and currently employs nearly 3.9 million people in this fiscal, an addition of 173,000 over last year.

According to Nasscom, the IT-BPM industry, both globally and in India, is witnessing unprecedented changes in technology. Current trend observed is the automation of entire sets of activities that are simple, standardised and rule-based. As a result, few job roles are expected to become redundant over the medium- to long-term. Driven by the impact of disruptive technologies – social, cloud, mobile, analytics, AI etc, the IT-BPM industry in India is fundamentally transforming its business model and building new offerings to emerge as the digital solutions partner. This structural change in the sector requires re-skilling, domain knowledge and enhanced technology competencies. However, these changes also mean that new sets of skills are needed and as such, these are throwing up opportunities for newer job roles.

The stakeholders covering industry, academia and Sector Skills Councils are working to ensure that the existing workforce is re-skilled/up-skilled in emerging technologies and job roles. Most companies (large, medium & small) are also implementing rigorous training programs to re-skill/up-skill their existing employees in new and emerging technologies.

Also read: Rebooting employment exchanges

Comments

 

Other News

A blueprint of India’s economic future: From a former RBI governor

From Dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower By Bimal Jalan Rupa Publications, 184 pages, Rs 695 Bimal Jalan, a former governor of the Reserve Bank of India (RBI), has been one of our finest commentators on econom

Carbon neutrality: distant dream or a possible future?

While many countries have been chasing to reach the carbon neutral status, only a few seem to be living up to their pledges as of now. The famous ’Paris Agreement’ of 2015 was glorified and celebrated that finally 196 countries have united with an intent to mitigate and reduce the greenhouse ga

Agnipath: benefits and challenges on the path ahead

The government this week announced the Tour of Duty or `Agnipath` scheme for the recruitment of soldiers in the armed forces. Under this scheme new soldiers will be recruited only for four years. This radical and far-reaching scheme has attracted mixed reactions from various quarters. While some officials

Connecting credit card with UPI: What it means for you

UPI has become an integral part of our daily lives now. We use it to buy groceries, we use it to send money to friends and family, we use it to purchase tickets, book shows, pay the cab driver, and a whole host of other things due to the ease and availability of such a platform at our fingertips. The best

Gandhi’s letters to his youngest son also hold his aspirations for nation

Scorching Love: Letters from Mohandas Karamchand Gandhi to his son, Devadas By Gopalkrishna Gandhi and Tridip Suhrud Oxford University Press, 528 page, Rs 1495 Gandhi’s era happened to be an era when letter-writing was a primary mode of communica

‘In Mumbai, society, police forces triumphed over Covid-19’

Crediting the citizens of Mumbai for coming forward to help the police in combating the crisis situation due to Covid-19, Mumbai police commissioner Sanjay Pandey has said that Mumbai Police lost quite a few policemen during the pandemic but cumulative efforts, with citizens working hand in hand with the p

Visionary Talk: Sanjay Pandey, Mumbai Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter