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Tag: Employment News
Over 18,000 Work Permits Granted in 2023 by Ireland
Ireland’s Employment Landscape: A Comprehensive Analysis of Over 18,000 Employment Permits Granted in 2023
In a significant development, Ireland has issued a notable number of over 18,000 work permits within the first seven months of 2023. This achievement underscores Ireland’s commitment to fostering a diverse and skilled workforce, which, in turn, contributes to economic growth and global collaboration.
Ireland’s Approach to Work Permits
Ireland’s approach to work permits involves welcoming individuals from various parts of the world to contribute their expertise. Work permits grant these individuals the opportunity to engage in occupations that align with their skills and qualifications. This initiative not only enhances the country’s workforce but also promotes cultural exchange and innovation.
Diverse Sectors and Professions
The issuance of work permits spans across multiple sectors, showcasing the diverse range of skills that are in demand in Ireland. Notably, the technology sector has played a significant role in driving the need for skilled workers. Ireland’s reputation as a technology hub has attracted professionals from around the globe, fueling advancements and innovation in this field.
Moreover, the healthcare industry has also seen a surge in work permits. This allows medical professionals, including doctors, nurses, and specialists, to contribute to the healthcare infrastructure of Ireland, thereby bolstering the quality of medical services provided to the population.
Economic Implications and Growth
Beyond the numbers, the increase in work permits has far-reaching economic implications. The infusion of international talent has a positive impact on local businesses, driving innovation, and expanding capabilities. This, in turn, attracts foreign investments, fostering a cycle of growth and development. Ireland’s ability to attract and retain skilled professionals contributes to its global competitiveness and economic sustainability.
A Collaborative Partnership: Individuals and Businesses
The success of the work permit system hinges on the partnership between individuals seeking employment opportunities and businesses seeking skilled workers. Irish employers benefit from a diverse talent pool, while individuals find avenues for professional growth and development. This collaborative approach enhances Ireland’s workforce and promotes a dynamic and inclusive work environment.
Paving the Path Forward
The issuance of over 18,000 work permits in the first seven months of 2023 signals a positive trajectory for Ireland’s labor market and economic landscape. To sustain this momentum, Ireland should continue to invest in education and skills development, ensuring that its workforce remains competitive on a global scale. Additionally, fostering cultural integration and diversity will contribute to a harmonious and inclusive society.
Statistics provided by the Irish government revealed that individuals from the subsequent countries were the primary beneficiaries of the employment permits issued by authorities in Dublin.
- India- 6,868
- Philippines- 1,535
- Brazil- 1,608
- Pakistan- 934
Regarding the quantity of permits distributed by county, a sum of 18,367 permits were granted, with 967 being declined and 403 being retracted. The county that received the highest number of permits was:
- Dublin- 8,770
- Cork- 1,534
- Kildare-1,138
The Irish government disclosed that, during the period from January to July of this year, a total of 18,367 permits were issued by the sector. These permits were allocated across various activities in the following manner
- Health and Social Work Activities- 6,192
- Information and Communication Activities- 2,769
- Accommodation and food Services Activity- 1,503
- Financial and Insurance Activities- 1,336
- Agriculture, Forestry, and Fishing- 1,101
In Conclusion
The issuance of over 18,000 work permits in the initial months of 2023 showcases Ireland’s commitment to embracing international talent and fostering economic growth. This initiative not only enriches the workforce but also positions Ireland as a global player in innovation and collaboration. By continuing to invest in education, diversity, and skills development, Ireland is poised to create a sustainable and prosperous future for all.
Bosch Ltd to Create 2,000 Jobs in India: A Strategic Move Towards Growth
Bosch Ltd shifts production from Russia and China to India to Create 2,000 Jobs in India
In a significant development that highlights the changing dynamics of the global manufacturing landscape, Bosch Ltd. a leading auto component manufacturer, has announced its plans to create a staggering 2,000 jobs in India. This move comes as Bosch shifts production of certain critical items from Russia and China to India, signifying a pivotal strategic decision aimed at capitalizing on the Indian market’s potential. This article delves into the implications of Bosch’s strategic move, the reasons behind it, and the projected impact on the company’s growth trajectory.
Shifting Production: A Game-Changing Strategy
The Changing Manufacturing Landscape
The decision by Bosch Ltd. to relocate its production of specific items from Russia and China to India underscores the evolving dynamics of the global manufacturing sector. This strategic shift is driven by a myriad of factors, including geopolitical considerations, supply chain resilience, and the emergence of India as a promising growth market.
The Indian Advantage
India’s favorable economic environment, skilled workforce, and expanding consumer base make it an attractive destination for Bosch’s production relocation. The country’s growing prominence as an innovation hub and its strategic location further amplify its appeal.
Bosch Ltd’s Focus on India: A Key Market for Growth
Seizing the Indian Opportunity
Bosch Ltd. decision to create 2,000 jobs in India is a testament to the company’s confidence in the country’s growth potential. With a burgeoning middle class and increasing disposable incomes, India presents a vast market for automotive components. By establishing a stronger local presence, Bosch aims to tap into this potential and further bolster its market share.
Strengthening Partnerships
The move to shift production to India also signifies Bosch’s commitment to forging stronger partnerships with local suppliers and manufacturers. This approach aligns with the company’s broader strategy of enhancing supply chain efficiency and reducing dependence on distant production centers.
Navigating Challenges: A Prudent Move
Geopolitical Considerations
Bosch’s decision to relocate production from Russia and China is not only driven by economic considerations but also takes into account the evolving geopolitical landscape. By diversifying its production base, Bosch aims to mitigate potential risks arising from geopolitical tensions.
Supply Chain Resilience
The disruptions caused by the global pandemic have underscored the importance of supply chain resilience. By localizing production in India, Bosch can enhance its ability to respond swiftly to market fluctuations and ensure a steady supply of critical components.
The Road Ahead: Implications and Prospects
Boosting Employment and Economic Growth
Bosch’s commitment to creating 2,000 jobs in India not only aligns with the company’s growth strategy but also contributes significantly to the Indian economy. The employment opportunities generated by this move will have a ripple effect, positively impacting various sectors and communities.
Driving Technological Advancements
Bosch’s investment in India is expected to drive technological advancements and foster innovation. The company’s local presence will facilitate knowledge transfer, skill development, and collaboration with Indian research institutions.
Conclusion
Bosch Ltd’s decision to create 2,000 jobs in India and shift production to Russia and China underscores the company’s forward-thinking approach and strategic acumen. By capitalizing on India’s economic potential and fostering local partnerships, Bosch is poised to strengthen its market presence and contribute to the nation’s growth story.
Frequently Asked Questions
Q1: What specific items will Bosch Ltd shift production for?
Bosch Ltd will be shifting production for certain critical auto components. While the exact details of the specific items haven’t been disclosed, this strategic move is aimed at optimizing their manufacturing processes and leveraging India’s potential as a growth market.
Q2: How does India’s economic environment contribute to Bosch’s decision?
India’s robust economic environment plays a pivotal role in Bosch’s decision. The country’s expanding middle class and rising disposable incomes create a growing demand for automotive components. By localizing production in India, Bosch can cater to this demand effectively, enhance supply chain efficiency, and establish a stronger foothold in the Indian market.
Q3: What impact will Bosch’s local presence have on the Indian job market?
Bosch’s local presence in India is expected to have a significant positive impact on the job market. The creation of 2,000 jobs demonstrates the company’s commitment to generating employment opportunities. Additionally, Bosch’s presence will likely stimulate indirect job growth in related industries, contributing to overall economic development.
Q4: Are there any potential challenges Bosch might face during this transition?
While Bosch’s decision is strategic, there could be challenges during the transition. Adapting to a new production environment, ensuring quality consistency, and aligning with local regulations are potential hurdles. Additionally, managing the logistics of shifting production while maintaining uninterrupted supply could pose challenges.
Q5: How will Bosch’s move impact its global supply chain strategy?
Bosch’s move to shift production to India will likely diversify and strengthen its global supply chain strategy. By reducing dependency on specific regions like Russia and China, Bosch can enhance supply chain resilience. This move aligns with the company’s goal of mitigating geopolitical and logistical risks, thereby contributing to a more robust and adaptable supply chain network.
Lenovo Opens New Shared Support Center in Bengaluru
Lenovo shared support center Bengaluru
Lenovo, a famous technology company from China, has opened a brand-new shared support center in Bengaluru, India. This center will help Lenovo’s customers all around the world with remote infrastructure managed (RIM) services. It’s great news for the people of Bengaluru because this center will create over 1,000 technical jobs in the next few years.
Lenovo’s Decision in Bengaluru
Lenovo is a big company that makes computers, laptops, and other gadgets. They decided to set up this support center in Bengaluru because it’s an important place for technology in India. Bengaluru is also known as “IT City” because there are many technology companies and smart people working there. So, it was a smart move for Lenovo to choose Bengaluru for its support center.
What Will the Support Center Do?
The support center is like a big office where many skilled people will work. They will use computers and technology to help Lenovo’s customers from different countries. Sometimes, people have problems with their computers or gadgets, and they need someone to fix it. The support center people will be like heroes because they will fix these problems from far away, without even visiting the customers’ homes.
Services Offered by Lenovo shared support center Bengaluru
The support center will provide many services to help customers. They will keep an eye on the computers and gadgets to make sure they are working well. If there is any problem, they will find it quickly and fix it. They will also help with the internet and make sure it’s fast and reliable. The support center people will also help with storing important data in the cloud, so customers don’t have to worry about losing their files.
New Job Opportunities for Bengaluru
The best part about the new support center is that it will create more than 1,000 jobs for people in Bengaluru. These jobs will be for technical experts who know a lot about computers and technology. Some people will be busy fixing computers, some will take care of networks, and others will be experts in cloud computing. It’s an exciting time for people who want to work with technology.
How It Helps Bengaluru’s Economy
When a big company like Lenovo comes to a city, it brings many good things with it. First, it brings more money to the city because the company will spend money on buildings, equipment, and salaries for the workers. Then, the workers who get jobs at the support center will have money to spend on food, clothes, and other things they need. This helps other businesses in the city too because more people will come to buy things, and the economy will grow.
Lenovo’s Trust in India’s Technology
Lenovo’s decision to invest in Bengaluru shows that they believe in India’s technology and its smart people. India has become a hub for technology and innovation, and many big companies want to be part of this exciting journey. Lenovo’s support center will add to the city’s reputation as a top destination for technology companies and will create a positive impact on India’s tech industry.
Conclusion
Lenovo’s new shared support center in Bengaluru is a big step towards providing better customer service worldwide and creating valuable job opportunities for the people of Bengaluru. With the center’s focus on remote infrastructure managed services, customers can expect prompt and efficient support from skilled professionals. The support center’s presence will not only boost Bengaluru’s economy but also strengthen India’s position as a major player in the global technology landscape. This is an exciting development for both Lenovo and Bengaluru, and it promises a brighter future for all involved.
Qatar Airways Global Recruitment Campaign
Qatar Airways is currently conducting a global recruitment campaign that is described as “the biggest talent acquisition in the history of the aviation industry.”.
Qatar Airways is accepting applications from Indian citizens for recruitment events in Delhi (16–17 September) and Mumbai (29–30 September) starting September 16.
While the event in Delhi seemed to go smoothly, the first day of the recruitment campaign in Mumbai was chaotic. The person in charge clearly did not expect so many participants and was overwhelmed by the number of participants. Many candidates were reportedly asked to leave without an interview.
We are extremely sad to watch this video of educated and unemployed youth in India. I hope that in the coming years, Indian entrepreneurs will come up to reduce the unemployment ratio in India. It’s very important to work on that because as per current stats of India about unemployment. We are not doing up to the mark neither government is able to provide jobs to our youth also the competition to get a job is getting high day by day in all the industry.
What do you think? What is the reason for unemployment in India? What suggestions would you like to make to reduce the unemployment rate in India? Let us know in the comments.
IIT Madras placements: The highest salary offered is $250,000.
The average salary received by students during campus placements for 2021–22 is Rs. 21.48 lakh per annum.
With a total of 1200 job offers received from more than 350 companies during phases I and II of campus placements, the Indian Institute of Technology Madras (IIT Madras) has recorded the highest ever number of job offers in an academic year, which is great news for them.
231 pre-placement offers were also received from students’ summer internships. A total of 1,430 job offers were recorded, which is higher than the previous highest of 1,151 job offers recorded in the 2018–19 academic year.
This also includes 45 international job offers from 14 companies, which, as per IIT-Madras, is also a new record high. Of these, 11 came from Rakuten Mobile, Inc., while other global offers came from Glean, Micron Technologies, Honda R&D, Cohesity, Da Vinci Derivatives, Accenture Japan, Hilabs Inc., Quantbox Research, MediaTek, and Uber.
During the first and second phases of campus placement, 131 start-ups made as many as 199 offers. Meanwhile, all 61 MBA students were placed this season, resulting in a 100% placement rate for the Department of Management Studies at IIT Madras.
Every year, IIT Madras conducts placement in two stages. While phase I occurred between December 1 and December 31, 2021–22, phase II typically begins in the second half of January and continues until the end of the school year. Phase II of campus placements ran from 2021–22 until May 27, 2022.
131 start-ups made as many as 199 offers during the first and second phases of campus placement. Meanwhile, all 61 MBA students were placed this season, giving IIT Madras’ Department of Management Studies a 100% placement rate.
The average salary received by students during campus placements in 2021–22 is Rs 21.48 lakh per year. The maximum available compensation is $250,000.
Kerala has set a goal of getting over 15,000 startups and 2,00,000 jobs in next 5 years, Chief Minister Mr. Vijayan said.
He changed into inaugurating version of the `Huddle Global 2022′ organized via Kerala Startup Mission.
Also, the Chief Minister opened the primary Fintech Accelerator and Finishing School within the state at the sidelines of the two-day big-priced conclave that brought together worldwide leaders from the startup eco-machine to reinforce networking and forge partnerships.
Along with the startup infrastructure at the Technology Innovation Center in Kochi, the authorities is thinking about a comparable campus in Thiruvananthapuram to awareness on rising technology, he stated.
Huddle Global 2022′ gives startups a platform to exhibit merchandise and engage with era/enterprise leaders, except supplying them the scope to discover methods on transferring in advance within the global rising from COVID-19.
Given that India is one of the world’s biggest startup ecosystems, with more than 55,000 startups, the authorities is privy to the importance of every state’s contribution to the general improvement of this country’s startup ecosystem. Startup India rating locations Kerala as one of the pinnacle Indian States for startup surroundings, Vijayan stated.
Stating that the technique followed by schools, faculties, and the expert eco machine has created modern startups, he stated that numerous authorities tasks, together with IEDC (Innovation and Entrepreneurship Development Centres for faculties), YIP (Young Innovators Programme), programs for incubation and acceleration, company innovation, and so forth, have made Kerala the first-class vicinity to begin and develop enterprises.
Minister for Industries, Law, and Coir P. Rajeev, in his presidential deal with the meeting, stated Kerala has constructed a completely unique version to nurture startups from ideation to the scale-up stage.
The purpose of Huddle Global is to create an environment in which the ardor meets the cause to learn, network, bridge the space among commercial enterprises, disclose capability, and notice the real results he brings.
In his video message, Alderman Vincent Keaveny, Mayor of the metropolis of London and associate in commercial enterprise regulation organization DLA Piper, stated India is at the verge of turning into Asia’s pinnacle fintech hub, just as the United Kingdom is Europe’s pinnacle fintech hub.
The Fintech Accelerator and Finishing School is an initiative of Kochi-primarily-based Open Financial Technologies in collaboration with KSUM to guide startups developing fintech solutions.
Open Financial could be making an investment of Rs 100 crore for the subsequent 5 years as a part of the center of excellence and Fintech Accelerator.
Open Fintech Accelerator could release its first cohort on March 1.
On the primary day of the occasion, KSUM signed MoUs with Google for Startups, Habitat, Jetro, Global Accelerator Network, I Hub Gujarat, NASSCOM, and CSL, amongst others.
One of Asia’s biggest startup eco-machine congregations and India’s largest networking platform for entrepreneurs, the occasion specializes in commercial enterprise, funding, and partnership possibilities for startups amid sustained combat towards the pandemic-precipitated stalemate.
The occasion, presenting keynote periods, management talks, tech talks, startup demo and different commercial enterprise-oriented activities, has a startup expo of each worldwide and Kerala-primarily based totally
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.
Omicron Variant Impact on jobs
Omicron Variant Impact on jobs and hiring in India. White-collar jobs market is likely to remain unhindered for the moment despite fears over the new Omicron variant. Top company said
The growth that the white-collar jobs has been witnessing over the last 4-5 months is expected to continue unless there is an intense third wave of the pandemic that leads to stricter restrictions and disruption of the supply chain.
Big companies like Tata Steel, Axis Bank, RPG Enterprises and Motilal Oswal Financial Services, and startups like Upgrad said they do not expect hiring to get impacted third wave of the pandemic. We do not see any impact on our hiring plans,” said a Tata Steel spokesperson.
The white-collar jobs market is aided by projections of robust economic growth. A rise in consumption, increase in private equity and M&A deals as well as expanding vaccination coverage to manage the impact of third wave of the pandemic. Adding to these are a shortage of talent and high attrition in several sectors.
“Demand and supply gap is leading to increased action. There is demand for talent in both tech and non-tech roles,” Sudhir Dhar, executive director, HR, at Motilal Oswal Financial Services told ET, adding:
New-age economy companies and ecommerce majors, flush with liquidity and growing at a heightened pace after Covid, will also continue to hire despite concerns over a possible third wave as they are facing rising attrition and all-time high offer dropouts – candidates rejecting an offer from one company and taking up another.
“We are continuing with what we are doing and the same holds true for future plans as well,” said Mayank Kumar, cofounder of edtech firm upGrad.
“The plan is to grow employee base net at 1,000 to 1,500 more employees at a group companies’ level as well as to cater to our Indian and global teams by the exit of this financial year,” he said. Sectors such as IT, outsourcing, funded startups, tech and financial services will continue to hire.
Other side Travel and hospitality industry is going through with the hard times and big groups is facing issues to manage their employees because of revenue loss. Third wave of the pandemic is not same for all the industry. Jobs Innovators understand the severity of third wave of the pandemic and their impact on jobs in India and across the world. Mainly small businesses who is going to suffer a lot. In this tuff time all the industries should be ready and take the necessary precautions and decisions which would keep their business smoothly.