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Tag: Corporate news
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Serious Issues of unemployment in India
More than 10,600 individuals passed on by self destruction in India in 2023 on the grounds that they were jobless, poor or because of liquidation and obligation, denoting a 8% increment north of 2022.
The latest government statistics shows at least approx 30 people daily in India doing suicide due to unemployment. Other side bankruptcy or indebtedness reduced in 2022, deaths due to poverty and unemployment recorded an increase.
Unemployment is a serious problem in India. According to the National Sample Survey Office (NSSO), the unemployment rate in India was 8.11% in April 2023. This means that about 43 million people were unemployed in India in April 2023.
There are many serious issues associated with unemployment in India
Some of the most serious issues include:
- Poverty: Unemployment is a major cause of poverty in India. When people are unemployed, they are unable to earn a living and they often fall into poverty.
- Social unrest: Unemployment can lead to social unrest. When people are unable to find jobs, they may become frustrated and angry. This can lead to protests, riots, and other forms of social unrest.
- Brain drain: Unemployment can also lead to brain drain. When people are unable to find good jobs in India, they may decide to move to other countries in search of better opportunities. This can lead to a loss of talent and skills for India.
- Economic growth: Unemployment can hinder economic growth. When people are unemployed, they are unable to contribute to the economy. This can slow down economic growth and make it difficult for India to compete in the global economy.
There are many factors that contribute to unemployment in India
Some of the most important factors include:
- Rapid population growth: India has a rapidly growing population. This puts a strain on the economy and makes it difficult to create enough jobs for everyone.
- Lack of education and skills: Many people in India do not have the education or skills that are needed for the jobs that are available. This makes it difficult for them to find jobs.
- Rigid labor laws: India’s labor laws are often seen as being too rigid. This makes it difficult for businesses to hire and fire workers, which can lead to unemployment.
- Corruption: Corruption is a major problem in India. This can make it difficult for businesses to operate and can lead to unemployment.
There are a number of things that can be done to address the issue of unemployment in India
Some of the most important things include:
- Investing in education and skills: India needs to invest in education and skills training. This will help to ensure that people have the skills that are needed for the jobs that are available.
- Reforming labor laws: India needs to reform its labor laws. This will make it easier for businesses to hire and fire workers, which can help to reduce unemployment.
- Tackling corruption: India needs to tackle corruption. This will make it easier for businesses to operate and can help to create jobs
Table of Stats
Stat Value Unemployment rate in India (April 2023) 8.11% Number of unemployed people in India (April 2023) 43 million Percentage of people living in poverty in India (2022) 21.9% Number of people who have migrated from India in search of work (2022) 3.5 million Contribution of unemployment to economic growth (2022) -2.5% Unemployment is a serious problem in India. It has a number of negative consequences for the economy, society, and individuals. However, there are a number of things that can be done to address the issue of unemployment. By investing in education and skills, reforming labor laws, and tackling corruption, India can create a more prosperous and equitable future for its citizens.
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Temporary staffing services in India: A Solution for Growing Businesses
The Indian economy is growing rapidly, and with it, the demand for temporary staffing services. Businesses of all sizes are turning to staffing agencies to help them fill short-term vacancies, handle seasonal fluctuations, and complete special projects.
Hire workers for a specified duration or particular project basis, instead of recruiting them on a permanent basis. A temp is a temporary worker who works with a client company, but is on the pay roll of a third party staffing company. Today’s changing business environment required solutions for meeting your staffing requirements. Jobs Innovators Temporary staffing services in India
There are many benefits to using temporary staffing services
- It can help businesses save time and money. Instead of spending time and resources on recruiting and hiring, businesses can simply outsource their staffing needs to a staffing agency. This can free up valuable time and resources that can be used on other aspects of the business.
- Temporary staffing services can help businesses access a wider pool of talent. Staffing agencies have access to a network of qualified candidates, including those who are not actively looking for work. This can help businesses find the right people for the job, even if they are in a competitive hiring market.
- Temporary staffing services can help businesses reduce risk. When businesses hire temporary workers, they are not making a long-term commitment. This means that if the worker does not work out, the business can easily terminate the contract. This can help businesses avoid the costs associated with hiring and firing employees.
We also manage the necessary statutory data for these employees on temporary services. We can also provide industry benefits customized to clients requirements. Jobs Innovators ensuring equality in employee benefits between company’s staff and temp staff.
The Advantages of Temporary Staffing in India
Some of the key benefits include:
- Cost savings: Temporary staffing can help businesses save money on recruiting, hiring, and onboarding costs.
- Access to a wider pool of talent: Staffing agencies have access to a network of qualified candidates, including those who are not actively looking for work.
- Reduced risk: When businesses hire temporary workers, they are not making a long-term commitment. This means that if the worker does not work out, the business can easily terminate the contract.
- Flexibility: Temporary staffing can help businesses be more flexible in their workforce planning. This is especially important for businesses that experience seasonal fluctuations or need to complete special projects.
While offering these Temporary staffing services in India, Jobs Innovators works across several industry verticals, catering to requirements of leading names in BFSI, Consumer Durables, Retail, Telecom, Chemical, Manufacturing, e-commerce, Pharmaceuticals and healthcare sectors.
with an external agency managing all the hr formalities and benefits, companies can just focus on the task on hand and move on. they are able to hire on temporary contract skills that they need without having to worry about who will manage all their benefits administration and formalities.
Table of Stats
Stat Value Number of staffing agencies in India 7,000+ CAGR of the temporary staffing industry in India 13.47% Majority of temporary staffing solutions in India IT and manufacturing sectors Benefits of temporary staffing Cost savings, access to a wider pool of talent, reduced risk, flexibility Factors to consider when choosing a temporary staffing agency Experience, network, fees, customer service Approximately stats I hope this blog post has been helpful. If you have any questions, please feel free to contact us.