Factors influencing in creating jobs
According to the World Development Report 2013, at a time when the world is struggling to emerge from the global crisis, some 200 million people including 75 million under the age of 25 are unemployed.
There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said in remarks published on 12th oct-2012.
Make in India: Way forward for job creation
Observation on manufacturing bodies and companies how they see the initiative as a job-creator The government’s renewed push to the Make in India initiative has resulted in investment pledges of over $222 billion that will help boost manufacturing and job creation.
‘Globally competitive industry 4.0’ “The opportunities available in Make in India in the ESDM (electronics system design and manufacturing) sector are such that it can create 28 million jobs, contributing 12 per cent to the GDP. Make in India will also see deployment of next generation machine tools and industry 4.0 should also help the sector in being globally competitive. Additionally, government’s initiative of creating skilled manpower at the block level through training centres for various sectors will give a new impetus to Make in India. Other initiatives like the MoU between Airbus and Mahindra and entry of Taiwanese electronics majors Foxconn and Wistron into India are major boosts to local manufacturing and value addition and in our plans to be a major manufacturing hub.”
‘Deluge of entry-level jobs’ With Make in India, it is expected that the employment scenario to get a boost in the years to come. There is already a positive response to the initiative. it is estimated that another 7-8 lakh temporary jobs to be created. It would also add 8-13 per cent to the current job pool as investment into manufacturing and related sectors. Refocusing on India’s traditional occupations would also add to this and should potentially create 10 million jobs a year.
The key drivers are foreign direct investment in identified 25 sectors of the economy, which should lead to additional workforce demand.
Recruitment & Selection
Majorly, there will be a huge requirement for entry-level jobs (semi-skilled and skilled). It is estimated that a rise in the number of young workforce (15-29 age groups) from the current 153 million to 158 million by 2025. There will also be an increase in niche high-technology opportunities demanding specialist skills – in design and engineering, project planning, execution, erection, commissioning, operations and maintenance, transmission and distribution, trading and regulatory, renewable energy and manufacturing.
Foreign Direct Investment
UK created maximum jobs in India via FDI:
The UK remains the largest job creator in India via foreign direct investment, seeing off tough competition from Japan, creating one in ten jobs between April 2000 and September 2016, says a report.
The main reasons why UK companies are attracted to India are a growing market, easy talent availability, a stable political system, new business-friendly policies by state and central governments, use of English as the language of business, saturation of western markets and similar legal and educational systems, according to the report. "India remains something of an investment magnet to British companies. As Asia's third largest economy, India has attracted FDI from the UK into both industry and services sectors between 2000 and 2016," it pointed out.
"Between 2000 and 2016, British FDI created 371,000 jobs - 10 per cent of all jobs created by FDI. The total number of people employed by British companies in India currently stands at 788,000 - representing 5.3 per cent, or one in twenty, of private sector jobs," according to the report.
The chemicals sector receives the lion's share of British investment in India at USD 6.1 billion (25 per cent of UK FDI), followed by drugs and pharmaceuticals at USD 4.1 billion (17 per cent) and food processing at USD 3.2 billion (14).
Moreover, the UK is the single largest G20 investor in India, and supports close to 800,000 jobs.The UK remains the largest of all foreign investors into India after Mauritius and Singapore.
In 2016, Japan emerged as a tough competitor for the UK. Japanese firms invested USD 5.46 billion between April 2015 and September 2016. This has brought the Japanese FDI into India during the 16-year period to USD 23.76 billion, just marginally short of the UK FDI figure.
Year 2012: Government of India has given nod to foreign direct investment in retail sector. United States giant retail store like Walmart is on the way to step in to retail sector for establishing supermarkets in India, subsequently it may create approximately 4 million direct jobs and almost 5 to 6 million indirect jobs including contractual employment within a span of 10 years, making it the largest sector in organized employment. With the opening of same to retail stores by way of FDI the employment opportunities may be created are especially, at the entry level, will rise. Profiles such as sales, supply chain executives, security personnel, attendants, in-shop supervisors, floor managers and warehouse supervisors.
Massive Indian investments create jobs in US
2012:Indian companies operating in 40 United states have invested over $820 million in manufacturing facilities in America, creating thousands of jobs, revealed a survey.
The 2012 India Business Forum (IBF) survey "Indian Roots, American Soil: Adding Value to US Economy and Society", released by the Confederation of Indian Industry (CII) at a reception on Capitol Hill Wednesday, highlights the significant economic and social impact made by Indian companies on American communities.
70 percent of surveyed companies have increased the number of employees since 2005, despite the US economic downturn; More than 34 percent of the surveyed companies have established manufacturing facilities in the US, investing more than $820 million in those facilities; Since 2005, the surveyed companies have collectively conducted 72 mergers and acquisitions in the US, saving, creating and sustaining thousands of jobs;
IT sectorIndian Information Technology companies supported nearly 2.8 lakh jobs in America in the year 2011 by way of foreign direct investment through acquisitions of IT companies. India invested nearly $ 5 billion in foreign direct investment.
The US Model of gathering jobs data
The United States of America probably has the most comprehensive system for gathering jobs data, which often moves the economic and political needle. The US Department of Labor releases non-farm payroll data every month, which counts enrolled workers but leaves out farm labour, household and proprietary enterprise workers. Apart from this data, the US government conducts a monthly survey called the Current Population Survey (CPS) to find out the rate of unemployment. The CPS has been on since 1942
In the mid-nineties, the survey was re-designed and computerised. The survey sample size is usually 60,000 eligible households — which means approximately 110,000 individuals. The sample is designed in a way to ensure representation from all over the country, and 25% of the sample is changed every month. Every month, the respondents are contacted in person or over the telephone for this survey.
More importantly, it tries to count every person above the age of 16, and there is no upper age limit. But it leaves out people who are in the army or are living in institutions. A person without a job and actively looking for one is counted as unemployed. A person who is studying but is also looking for a job is also considered unemployed — the job situation gets precedence over educational activity.
JOINT-VENTURE, MERGERS, ACQUISITIONS AND EXPANSIONS
it is a type of business where mostly two companies agree to enter into contract for a specific period of time, maybe for some years, for the purpose of sharing technology, sharing knowledge or to support each other in concern business to launch a specific product for a specific purpose and unique when compared to its competitors. For example companies like Sony belongs to Japan and Ericsson belongs to Europe, both had entered into a joint venture to step into cellular phone manufacturing industry by sharing their technologies. A joint-venture is a win-win situation where both companies will get benefits out of literally sharing their technologies with each other. in the India there are major joint-venture business like Maruti Suzuki, hero Honda ( recently joint-venture between two companies got lapsed and Honda started selling bikes on its own name in India and same as with Hero Moto Corp started selling its own bike) and TVS Suzuki.
Aforesaid all joint venture businesses had created and have been creating thousands of employment in the auto Mobile industry especially in bike manufacturing segments. creation of jobs by these businesses in the form of joint ventures are directly proportional to the expansion of the businesses, more the business expands more number of jobs will be created.
E-commerce may create up to 50,000 jobs
India, May-2014: As foreign and domestic e-retail majors such as Amazon and Flipkart expand their businesses aggressively, hiring activities are expected to grow by over 30% in the sector and may help create up to 50,000 jobs in the ensuing years. According to leading human resources consultancy Randstad India, the hiring in this space is likely to rise by 20-30% in next few years on the back of entry of domestic online start-ups and e-commerce MNCs into Indian marketplace, as also because of setting up of back-office operations for various global businesses.
Another HR firm Unison International says that hiring has been rather slow in the e-commerce space over last couple of years, but recruitment may grow rapidly now by 33% over the previous year as various retail brands are also bringing in their business online.As per findings of Jigsaw Academy, the e-commerce industry may create 15,000-50,000 jobs in the next three years for data analysts professionals alone. As per experts, e-commerce firms would be looking to hire across different levels of hierarchy and functions as this sector is in an investment phase.Hiring will continue aggressively for delivery staff, digital marketing professionals, and for sales, operations, IT and data analytics across levels.
Merger of Tech Mahindra, Satyam may hire 10,000 new staff
BANGALORE: India's Tech Mahindra Ltd and Satyam Computer Services Ltd, which are in the process of a merger, aim to hire up to 10,000 staff for the combined entity in 2012/13 to meet an expected rise in demand for technology services.
LONDON: EDF Energy is an energy generation company by different natural resources in United Kingdom had created 32,000 jobs in the country due to its expansion which could be contribution for development of the UK economy, a report commissioned by atomic plant developer.
NTPC expansion, recruits more than 1000
National Thermal Power Corporation Limited [NTPC], one of India's largest public sector units recruit more 10,000 engineering trainees every year for the purpose of expansion of the company.
Sundaram BNP Paribas Fund Services to recruit 100 people
Sep - 2012, CHENNAI: As part of its expansion plans, Sundaram BNP Paribas Fund Services recruit 100 people across its delivery centres.
Sundaram BNP Paribas Fund Services is a 51:49 per cent joint venture between Chennai-based Sundaram Finance Ltd and BNP Paribas Securities Services,100 per cent subsidiary of BNP Paribas.
Expansion of banks in India create jobs.
Indian banks are facing serious shortfall of staff due to the expansion of its branches and added with retirement of existing employees. large-scale of recruitment has been going in the banking sector due to expansion of its branches to various places in India to provide better banking services. In addition to this many foreign banks have identified India is the potential market for the banking sector led to step foreign banks into the country creating thousands of jobs.
Reliance life insurance company plans to hire about 1000 employees for its new distribution channel life plaza may have 200 branches across the country by March 2013.
Festival season (Dassara and Diwali)
Ecommerce companies like Flipkart, Snapdeal and others shopping big time for temporary staff
Ecommerce companies saw demand for temporary staff on festival season, accounting for as much as 60 per cent of the short-term jobs being created, as they went on an overdrive to win market share in the most lucrative few months of the year. Flipkart, Snapdeal, Amazon, LG, Samsung and Panasonic were among the companies that were set to ramp up temporary workers by up to 35 per cent to see them through the expected surge in demand. According to estimates, between 60,000 and 80,000 temporary jobs were created in the organised sector alone for festival season while the unorganised sector would hire more.
Flipkart, which kicked off Big Billion Day event on October 2, 2016, said that it had expected to hire more than 10,000 temporary staff to ramp up its delivery and logistics service to meet festival season demand. Rival Snapdeal said the Diwali run-up would see the creation of nearly 10,000 temporary jobs. Amazon, for its Great Festival Sale in October, had launched six new fulfilment centres (FC) cater to the festive demand. "These new FCs wpould create direct employment with a mix of full time and temp staff.
Staffing sources said mandates from Samsung and LG have nearly doubled while Hitachi and Bata also recruited. Big brands gone into small cities and towns for better market coverage. Hyperlocal firms such as Swiggy hired temporary workers. At Panasonic India, has placed almost 34 per cent extra temporary staff compared with last year.
RETIREMENT OF EMPLOYEES
Retirement of employees is unavoidable and it cannot be stopped by any organisation. Any employee who ever joins in any organisation at attainment of a certain age of superannuation he must retire from his job. Therefore employee holding a job after his retirement will be vacant and must be filled by a new employee by way of recruitment. According to the economics Times.com in the year 2011, India's largest bank State bank of India had hired over 25,000 people due to the mass retirement of its employees. For the year 2013 by march State bank of India to hide and 10,000 employees due to continuing retirements of its employees.
According to the data released by the Reserve Bank of India, the banking industry has added 42,000 jobs in the financial year 2012 by way of direct recruitment due to the retirements.
Example: State Bank of India the country's largest lender, plans to recruit about 7,200 people even as nearly 8,100 members of its staff are due to retire during the 014 - 2015 fiscal, as it seeks to increase its dependence on technology for a number of routine tasks.
As on 22-2-2013, Indian The Income Tax department has as many as 16,696 posts lying vacant but they are manned by existing employees by holding additional charge so that work is not affected, Parliament was informed today. Vacancies arise on account of retirement/VRS, promotion, deputation and officers proceeding on leave, among others. Group C category has 15,002 vacancies, followed by 1,137 in Group A and 557 in Group 8.
2012: United States President Obama proposed to introduce legislation called "Bring Jobs Home Act" which aims to bring back jobs to America which were outsourced by American companies other countries such as India. Therefore implementation of this law may raise rate of employment offers in United States as outsourced jobs will be returned back, this law is strongly supported by Democratic lawmakers and supported by AFL-CIO (The American Federation of Labor and Congress of Industrial Organizations), the largest federation of trade unions in the US. if this law get passed, it will not provide any tax benefits for companies that move jobs overseas and provide tax incentives for companies moving jobs back to the United States.
The most immediate impact of reduced offshoring would benefit US-based Information Iechnology companies such as Accenture and IBM, which have significant onshore presence as compared to their Indian rivals, which have a growing but significantly smaller percentage of employees in US. "The primary aim of this proposed legislation (Bring Jobs Home Act) is to create incentives to bring back manufacturing jobs to the United States as millions of manufacturing jobs have been lost in the last 10 years.
Every system needs security for its safety, smooth running and ultimately for its success. Any system will fail if its security is compromised, hence uncompromised security system will ensure success of any system. Naturally increase in security issues will raise desperate need for professionals in security. More the threats, more the need for professionals who can repel security threats.
Information technology became important organ in body of communication system, banking system, financial sector and in each and every area. e-defense in IT sector has become major challenge for the Indian government. The government of India estimated demand for the year 2015, nearly 4.7 lakh professionals needed in cyber security due to increase in various nature of cyber attacks in the information technology sector.
Days of using simple mobile phone is fading, today use of smart phones has become essential for most of people in making their tasks easy and handy without any delay. market for smartphone applications became emerging markets around the world especially applications with productivity and help in handling their daily work. Example, days of opening Microsoft office documents on your computer system has gone, office application in smart phones have the capability to open and edit any Microsoft Office documents and use for the purpose. There are thousands of smartphone applications created and readily available to make many of our daily tasks easy to handle in Palm, this smart phone applications sector has created nearly 2,00,000 smartphone applications developer jobs for IT employees around the world.
Year 2013: Taiwan-based electronic chip manufacturing companies started recruiting thousands of technical staff for production of electronic chips for electronic gadgets, as there is exponential growth in usage of smart phones, tablets and computerised equipment by the younger generation.
GAMES AND CULTURAL ACTIVITIES
FIFA World Cup Jobs
It takes an army - or two armies - of people to put on the World Cup every four years. The South Africa tourism agency expected over 450,000tourists over the span of six weeks before and during the tournament, creating a huge number of jobs in the tourism industry. The increase in tourism alone created thousands of jobs in hotels, restaurants and other tourism-related areas and as many as 80,000 additional jobs related directly to the 2010 World Cup. A majority of these jobs are given to local residents as construction, media, transportation, officiating, technology, and a wealth of other jobs are being resourced out of the host countries. Many FIFA officials, however, are also employed and working towards each World Cup. Check the FIFA website for 2014 World Cup job opportunities, especially for positions with FIFA.
Brazilian president: 2014 World Cup to generate 730,000 jobs
RIO DE JANEIRO, March 15 (Xinhua) -- President Dilma Rousseff said Tuesday the 2014 FIFA World Cup, to be hosted by Brazil, will generate 730,000 new jobs in the country.
"The Cup will contribute to our development project, generating jobs and increasing workers' income. We estimate that 330,000 new formal jobs and 400,000 temporary posts will be generated," Rousseff said in her weekly column, published by several dailies in Brazil.
75 million youths to be unemployed in 2012: ILO
GENEVA: Nearly 75 million youths across the world will stay unemployed in 2012, said a report released today by the International Labour Organisation (ILO). This accounts for 12.7 per cent of the global youth labour force aged 15 to 24. The number is an increase of four million since 2007, said Xinhua, citing the "Global Employment Trends for Youth 2012" report.
The crisis-linked withdrawal from the labour market is particularly strong in developed economies, with an 18 per cent youth unemployment rate being projected for this year, the report said.
It said the rate would even be higher if one takes into account the 6.4 million youth worldwide who have either given up searching for a job or have decided to prolong their studies due to the extremely adverse conditions in the labour market.
The rate is not expected to come down until at least 2016, the report said.
Countries like India and China are very good example for the availability of abundant workforce at less cost compared to the other countries. Many Japanese firms like Samsung, Sony and Panasonic etc. in electronics segment had moved its manufacturing units to China due to availability of workforce at less cost with the aim of cost minimizing. similarly India stood top in availability of potential workforce in the IT sector which influenced foreign companies example companies belonging to United States like IBM, Microsoft and Oracle. etc to come and establish in India and also the key reason is not only the availability of large workforce but at low-cost compared to foreign workforce.
Wells Fargo & Co , the fourth-largest US bank by assets, had planned to create jobs in India and Philippines by moving its business with objective to cut down its costs by employing host countries (India and Philippines) nationals as they're available at less cost compared to home country (United States) nationals.
India: With millions of foreign tourists visiting the country annually, the Union Government of India has decided to provide jobs to 1 lakh youths through tourism industry during the 2012 financial year. During 2011-12, the ministry had generated employment for 33,000 youths in the country. This policy is in conformity with the resolution passed by the heads of Nations of 20 developed countries, recognising tourism will be a vehicle for job creation, poverty reduction and leads to economic growth.
Over 300,000 workers to be employed in solar, wind energy sectors in India
Updated: May 15, 2018
Over 300,000 workers will be employed in the solar and wind energy sectors in India to meet the country's target of generating 175 gigawatts of electricity from renewable sources by 2022, the International Labour Organisation (ILO) has estimated in a report. The ILO said in its annual flagship report on the state of the global job market that action to combat climate change could create millions of new job opportunities and "more than" offset losses in traditional industries.
The UN labour agency said that 24 million new posts "will be created globally by 2030", but added that "the right policies to promote a greener economy" must also be in place for this to happen, along with better social safety nets for workers.
The report 'World Employment and Social Outlook 2018: Greening with jobs' said India has set itself the goal of generating 175 gigawatts of electricity from renewable sources by 2022, which corresponds to around half of its total electricity production.
The report cited estimates by The Council on Energy, Environment and Water (CEEW) and the Natural Resources Defence Council (NRDC) that say that based on surveys of solar and wind companies, developers and manufacturers, over 300,000 workers will be employed in the solar and wind energy sectors in India to meet the 2022 target.
It said that in countries such as Denmark, Estonia, France and Germany, as well as in India, South Korea, the Philippines and South Africa, a number of environmental policies and national development strategies make reference to skills development for the green transition.
The ILO report predicts that the transition to a green economy will also lead to the loss of six million jobs in industries that are heavily reliant on carbon-based production.
Two sectors, namely petroleum extraction and refining, are set to see job losses of one million or more.
In line with the historic Paris Agreement on climate change accord of December 2015, UN Member States pledged to respond to destructive climate change, by keeping temperature rises to below two degrees Celsius, above pre-industrial levels. This should lead to more new jobs in the sustainable energy sector through public policy shifts - as well as private sector development - ranging from the promotion of electric cars to energy-efficient buildings, according to the ILO report.