2017

The Child Labour (Prohibition and Regulation) Amendment Rules, 2017

 Amendment Rules for child labour prohibition, 2017

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ESIC - Implementation of ESI Act in Malda district of West Bengal- Effective 1 May 2017

Employee State Insurance Corporation

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Kerala Minimum Wage VDA revised effective from 1 Mar 2017
Employee Provident Fund Organisation
Karnataka LWF (Ammendment) Bill, 2017
TEAMLEASE EMPLOYMENT OUTLOOK REPORT - OCTOBER 2016 TO MARCH 2017

Employment outlook in India has hit a three-and-a-half-year high, driven by positive economic sentiment owing to a combination of factors including substantial private and foreign investment, rapid growth of knowledge services and the government’s continued focus on Make in India and Startup India programmes.

Summary of the Report:

  • Employment and Business Outlook increase incrementally from an already heady positive sentiment of the previous half year, and with sectors balancing it out in the midst of significant investment and deal flow activity. Employment Outlook increments by 2 percentage points to 95 and Business Outlook increments by the same margin to 97.
  • As many sectors are optimistic about hiring as those that are not. The half year forecast is an exception in that Healthcare and Pharmaceuticals (4 points up to 94) and Telecommunication (4 points up to 87), two old war horses, trump new age sectors IT and Ecommerce and Internet Startups (up 1 point each to 99 and 87 resp). It is to be noted that job growths are on a down trend for many sectors – and this counterbalances the Outlook statistics for each sector.
  • Sentiment is up, yet again, for Small businesses by a significant measure of 3 points (up to 72) compared to the previous half year. That none of the businesses surveyed in the Metros is planning to scale down on hiring is a bright spot on the 6-month horizon. Businesses are rather bullish on hiring in the Tier-2 and Tier-3 towns (2 points up each, to 27 and 11, respectively).
  • In direct contradiction to the previous half year, businesses are looking to scale down Entry Level hiring by the same significant measure they increased it by. This head of hiring is therefore down 5 points to 65. A significant increase in Senior Level hiring sentiment (up 4 points to 36) is a highlight for this half year.
  • Our study assesses eight new sectors in this edition of the report – BPO, KPO, Educational Services, Media and Entertainment, Travel and Hospitality, Agrochemicals, Construction and Real Estate and Power and Energy. The Net Employment and Business Outlook measures do not take these sectors into account this time.
  • The top three sectors (by city) in terms of employment outlook growth are -
    • Mumbai: Healthcare & Pharma (4%) / Ecommerce & internet startups (3%) / Telecommunication (2%)
    • Delhi: Financial Services (2%) / Retail (2%) / Ecommerce & internet startups (1%)
    • Bangalore: Ecommerce & internet startups (4%) / Healthcare & Pharma (3%) / IT (3%)
    • Kolkata: None
    • Chennai: Healthcare & Pharma (1%) / IT (1%)
    • Pune: IT (2%) / Retail (2%) / Ecommerce & internet startups (2%)
    • Hyderabad: IT (4%) / Ecommerce & internet startups (3%) / Retail, Telecommunication, Healthcare & Pharma (2%)
    • Ahmedabad: Telecommunication (4%) / IT (4%) / Ecommerce & internet startups (2%)
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2016

PROFESSIONAL EDUCATION VERSUS VOCATIONAL SKILLING: WHAT PAYS BETTER?

The 2012 edition of the TeamLease Jobs and Salaries Primer – an annual report we bring out – sprung a surprise. The analysis showed up a sharp rise in salaries of a bunch of blue collar job profiles. Further exploration proved that the phenomenon was not restricted just a handful of job profiles.

Many Blue Collar profiles commanded salaries that were appreciably higher than those for White Collar profiles, if not similar. The differential was observed for many job profiles and ranged in magnitude from nil to significant.

In this research report, we explore salary data related to vocationally skilled blue collar job profiles and those related to professionally qualified MBAs and Engineers. The comparison is aimed at identifying specific sectors and job profiles where salaries have either achieved equity or where salaries for vocationally skilled profiles have even overtaken either those for Engineers and / or those for MBAs.

The Inflection Point

The report objectives are to understand –

  • How salaries compare between vocationally skilled profiles, Engineers and MBAs
  • Carry out the comparion by sector and record observations of where the salary inflections lie
  • Draw broad and sector specific conclusions about salary trends
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GST REPORT 2016

Summary of the Report:

  • Adoption of GST will lead to an 11 per cent growth in hiring across sectors. Further, from a region perspective though marginally South India will top the job generation chart.
  • Automobiles, logistics, home decor, e-commerce, media and entertainment, and cement sectors are projected to create 11-18 per cent additional jobs annually after implementation of GST.
  • In the case of IT/ITeS and BFSI segments, the growth rate has been pegged between 10 and 12.5 per cent.
  • Around 10 to 13 per cent additional jobs are expected to be created every year by consumer durables, pharmaceuticals and telecommunications sectors.
  • The predictability of cost of products manufactured or services rendered across the country would improve enterprise productivity.

According to Rituparna Chakraborty, EVP & Co-Founder, TeamLease, "The uniformity and the reduction in the average tax burden offered by GST will provide a great impetus to employment creation."

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TEAMLEASE EMPLOYMENT OUTLOOK REPORT - APRIL 2016 TO SEPTEMBER 2016

Employment Outlook Survey - This half yearly edition from TeamLease bring you various new insights across sectors, cities and functional areas.

Summary of the report

  • Consumer sentiment and spend powers hiring sentiment, notwithstanding a tinge of negative sentiment with the Make in India initiative in the Manufacturing and Engineering and the Infrastructure sector. The Net Employment Outlook improves by 4 percentage points to 93 and the Net Business Outlook goes up to 95, three percentage points more than the previous half year.
  • Small businesses (69, up 5 points) in cities – Metros and Tier-1 (97, up 4 points) – drive Employment Outlook and this is likely to up Entry level hiring significantly (70, 5 points up). Blue Collar (74, 9points up), IT (85, 6 points up), Sales (94, 4points up) and Marketing (78, 3 points up) jobs are likely on offer.
  • A majority of sectors and cities improve on their previous half year’s outlook, although each of them modestly (either 3 or 2 percentage points up). Telecommunications, FMCG, Pune and Chennai improve their employment Outlook by 3 points each. Financial Services (5 points down) and Kolkata (6 points down) are the prominent losers. Infrastructure and Manufacturing and Engineering lose marginally.
  • Ecommerce and Tech Start-ups (2 points up, 23.6% job growth), FMCG (3 points up, 11.4% job growth) and Telecommunications (3 points up, 10.13% job growth) grow marginally in a routine show by sectors. Healthcare and Pharmaceuticals (2 points up, 14% job growth), Retail (2 points up, 14.4% job growth) and Information technology (2 points up, 14.2% job growth) follow a couple of rungs down.
  • The top three sectors (by city) in terms of employment outlook growth are -
    • Mumbai: Healthcare &Pharma (4%) / Telecom (3%) / Information Technology (3%)
    • Delhi: Healthcare &Pharma (8%) / Retail (4%) / Infrastructure (4%)
    • Bangalore: Retail (6%) / Financial Services (5%) / Healthcare &Pharma (3%)
    • Kolkata: Financial Services (4%) / Healthcare &Pharma (4%) / Infrastructure (3%)
    • Chennai: Manufacturing & Engineering (6%) / Telecom (3%) / Retail (3%)
    • Pune: Financial Services (6%) / Healthcare &Pharma (5%) / Manufacturing & Engineering (4%)
    • Hyderabad: Infrastructure (3%) / Telecom (4%)
    • Ahmedabad: Infrastructure (6%) / Telecom (4%) / Retail (3%)
  • Businesses drive employment sentiment, relatively more than government initiatives, for this forthcoming half year. The Make in India initiative has been a critical driver of employment sentiment over the past couple of half years. This time round, however, there is a tinge of downward sentiment associated with the initiative, due to the negative job growth in 8 key sectors of the economy. This has had a small negative impact on hiring sentiment in the Manufacturing and Engineering and the Infrastructure sectors.
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TEAMLEASE EMPLOYMENT OUTLOOK REPORT - OCTOBER 2015 TO MARCH 2016

Employment Outlook Survey - This half yearly edition from TeamLease bring you various new insights across sectors, cities and functional areas.

ENTRY-LEVEL TALENT; TO SEE A 10% INCREASE IN HIRING

The renewed confidence in the current regime coupled with favourable economic growth forecast seems to having a positive impact on hiring sentiments states TeamLease Employment Outlook Report. According to the report, entry-level talent will be the biggest gainer in the current half year. Fresher hiring is expected to witness a 10% rise during the period October’15 to March’16.

A detailed study on job creation and hiring patterns, according to report the positivity is not just contained to the entry level talent, though at a moderate rate the buoyancy will be visible in the business and employment outlook across sectors and cities. While the business sentiment will see an uptick of 2 points, the employment outlook will grow by 3 basis points indicating stable growth.

KEY FINDINGS OF THE STUDY

  • Favourable prognosis for the economy by the United Nations, corporate citizenry expectant of the new government taking a leap of faith on reforms, and the continuing flurry of innovation activity result in an incremental improvement in the number of employers looking to increase hiring and help keep up employment sentiment at 89%, a small, but significant, increase of 3 basis points over the previous half-year forecast.
  • Large and medium-sized businesses [+4 and +3 percentage points respectively] are likely to fill entry- and senior-level positions [+10 and +2 points]. The numbers are coming in from metros and Tier-1 cities, all of the functional areas sans Sales and Marketing, and all of the sectors sans Financial Services and Telecommunications.
  • Modest growth in outlook is seen across sectors, most notably Information Technology, Infrastructure and Health & Pharmaceuticals [+3 percentage points each], and there is significant uptick in outlook across cities, with sentiments in Bangalore and Mumbai improving by 5 and 4 points, respectively. In Mumbai and Pune, these trends juxtapose to create a host of city-sector clusters that see upwards of 3-point increases in outlook.
  • The Infrastructure sector seems to be an early beneficiary of the ‘Make in India’ initiative with Manufacturing, the actual intended beneficiary, expected to benefit with a lag effect. Swelling foreign exchange reserves and the government’s acceleration of projects have aided the sector in this growth. The number of jobs in the sector is projected to double over the next decade. Information Technology and Health & Pharmaceuticals are the other two sectors that stack up equally high [+3 points each].
  • The positive – albeit incremental – sentiment seen across most sectors and cities is only slightly negated by the few, even less incremental, negative sentiment in Financial Services and Telecommunications [-3 and -2 points, respectively] among sectors, and Delhi [-2 points] among cities. The negative outlook, in all these cases is attributable to the number of respondents intending to lower the pace of hiring.
  • The recurring theme of consumer maturity and technological innovation is now being ferociously leveraged by ecommerce businesses and technology startups. They debut impressively on our sector list with 84% of the respondents from the sector indicating the intent to increase hiring. Businesses in the sector are as much driven by demand growth and hyper-competition as they are by severe attrition

Elaborating on the report, Mr. Kunal Sen, Senior Vice President, TeamLease Services said, “With both the push and pull factors aligned towards growth, employers are becoming keen to invest in talent acquisition. In fact, the overall sentiments have stabilized this time and we are confident that it will translate into action on ground as well over the next 6 months.”

Download the report to know more in detail.

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Signaling Value of Skill Education and Hands on-job Report

TeamLease has persistently focused on catalyzing the hands-on (skilled) jobs market. Our Thought Leadership initiative has consistently aimed at structuring this rather unorganized domain and shaping the policy and perception issues associated with the hands-on jobs industry over the past several decades.

This Thought leadership series will delve into comprehending the ‘Signaling Value’ of skills education, mapping candidate aspirations and occupational options and modeling their decisions related to choice of jobs, career advancements and migrations. The current edition deals with the perceptions candidates and their influence networks hold about skills education and hands-on jobs.

According to the report, only 2% of the workforce has opted for formal skill training making it one of the least preferred streams of education. The report attributes the low penetration of vocational learning to the lack of appreciation for hands-on training, limited upward mobility, weak labour market linkages and strong perception of labour as inferior which commands mere subsistent wages.

Further as per the report, apart from social standing, the current vocational education system has not been able to impress the employers either. Employers viewed vocational educated candidates to be marginally better than the untrained. In fact, most corporates were skeptical about the quality of training and hence provided the recruits with in-house training. They were also wary of trained candidates attiring within a short period.

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GENDER DIVERSITY REPORT - 2016

Misplaced societal moralities and a dominant patriarchal influence continue to force urban women to make stereotypical choices on their education as well as career.

According to a gender report by TeamLease, the percentage of women being enrolled in higher education is greater than men at graduation level (arts/science/commerce and BEd), but it is significantly lower in streams like BTech, BE and PhD.

With lesser proportion of women enrolling into technical, vocational and managerial education compared with men, the likelihood of them pursuing a worthwhile career in these fields gets diminished. On the other hand, the report states, rural women are entering the labour force in far larger numbers than urban women do. There is thus a sharper drop in labour force participation rate (LFPR) for urban women. The LFPR of women in India is 25.5%, of which rural women constitute 30.02% and urban women, 15.44%.

Rituparna Chakraborty, Senior VP, TeamLease, said: "While we are transforming, our society continues to be highly patronizing around the choices women make in their careers. Right from their young age they are conditioned to believe that only specific jobs are suitable for them, to believe that they need not work after marriage or after having children, notwithstanding the overall unfavourable ecosystem which strengthens the stereotypes." The demand for equal opportunity stems from this reality. "While in absolute terms there are more women in urban areas getting jobs, it's still poor relative to the number of women who are seeking jobs vis-a-vis finding an employment," said Chakraborty.

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JOBS AND SALARIES PRIMER REPORT 2016

The Jobs and Salaries Primer is the latest in our continued endeavor to report unified salaries across temporary and permanent hiring markets, and relate these to skills across select cities and industries. This time round, we add ‘Jobs’ data to the set of insights and report industry-specific insights that have led, or are leading to, job creation.

Synopsis of this report:

Make jobs in India! With new investments must come new jobs. Many hopes are now pinned on Make in India. For starters the key job creation initiative was received positively by a clutch of MNCs and Indian businesses alike. FDI inflows have spurt by a healthy 48% and more seems to be in the offing.

The report serves as a guide for both job seekers and employers to obtain relevant information and useful insights on talent, skills, salaries, increments and talent longevity.

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MIZORAM MINIMUM WAGES NOTIFICATION

Mizoram Minimum Wages Notification

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KERALA CONSUMER PRICE INDEX

Kerala Consumer Price Index

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TELANGANA MINIMUM WAGES

Telangana Minimum Wages

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CIRCULAR EPF INTEREST

Circular EPF interest

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DAMAN & DIU - MINIMUM WAGE NOTIFICATION
DADAR & NAGAR HAVELI - MINIMUM WAGE NOTIFICATION

Dadar & Nagar Haveli - Minimum wage notification

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CHANDIGARH - MINIMUM WAGE NOTIFICATION

Chandigarh - Minimum wage notification

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