Asia Pacific is expected to see wages rise next year due to a tight labour market and rising inflation concerns.
After an annual rise of 10.6% in 2022, which is the highest in the world, salaries in India are expected to increase by 10.4% in 2023.
Citing the many challenges of managing informal workers, many companies in India are looking to formalise their workforce.
The likelihood that women will participate in salaried or self-employed jobs does not increase with their degree of education, a new report has found.
Although 80% of the workforce has reported mental health issues over the past year, only around 30% of the affected have taken steps to manage symptoms.
At a time of talent shortage, several companies are giving off-cycle promotions to eligible employees as they attempt to hold on to experienced staff.
Hybrid working continues to be the most preferred workspace strategy in India, with 63% of the firms currently adopting this practice.
Employers believe that face-to-face interactions are key to forging bonds between colleagues in the workplace.
The number of female employees who re-joined and re-subscribed to the Employees’ Provident Fund this June was negligible.
To retain talent, companies are using stay interviews to have conversations with their employees to show that they are important to the organisation.
Flexible workplaces, a WFH ecosystem and flexi-work hours can all boost the participation of women on the labour front, says the Prime Minister.
Artificial intelligence (AI) in recruitment is expected to eliminate bias and be a regular part of the hiring process in the future.
After a review of India’s salary structure, a new Wage Code that considers the ratio of allowances against salaries will be implemented.
Around 34% of Indian employees, compared to 19% globally, say they are extremely or very likely to switch to a new employer.
Executive talents prefer a five-day workweek for office roles, instead of a long five-and-a-half or six-day workweek.
This is to sort out differences in opinions of remote work between developers and IT companies in special economic zones (SEZs).
Despite the loss, Forrester expects the green economy to help make up for some losses as more countries commit to carbon neutrality.
Courses in finance, data science, analytics, technology and management are the top five programmes with the highest level of enrolment.
Nearly 53% of employers prefer hybrid work arrangements for their employees, though the degree of adoption varies from company to company.
With more than 80 startups recognised every day, India is estimated to be home to some 75,000 startups, with the number expected to grow.
Three in four employees in the IT sector refuse to be in the office for even one day a week, citing reasons such as long commutes.
There are no proposals being examined to include such leave in regulations, said India’s Union Minister for Women and Child Development.
Workers who are covered include contractual workers, those who are travelling, temporarily incapacitated, and those who are working offsite.
With flexible work gaining momentum, about 73% of companies in India are evaluating the feasibility of hybrid working arrangements.
Under a new rule, firms are required to pay the full wages of the employee by the last working day, regardless of resignation, retrenchment, or dismissal.
This includes legally mandating all data-collecting institutions to analyse and publish gender-disaggregated statistics to reduce gender inequality.
New labour codes will potentially transform work culture, affecting working hours, salaries, leave and flexible work arrangements.
India’s gig economy currents employs about 7.7 million people and is set to nearly triple to 23.5 million workers by 2029-30.
With most companies adopting hybrid work, employers fear that ordering employees back to the office may trigger a wave of resignations.
The National Commission for Women has reviewed and analysed legislation affecting women, and recommended amendments to meet shortcomings.