Formalisation of India’s Labour Market
Government Initiatives The government has launched several initiatives aimed at transitioning to a more formal labour market: Make in India: This initiative aims to make the manufacturing sector...
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
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1: Workforce Planning and Forecasting Effective workforce planning is the foundation for handling seasonal demand. Businesses should: Analyse past seasonal trends to identify peak hiring times. For example, The E-Commerce industry, driven by discretionary purchases, sees a sharp hiring surge...
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Is the Annual Performance Appraisal Moving Beyond Monetary Compensation?
Key non-monetary incentives Flexible working arrangements: Offering flexibility in working hours and remote working options can significantly improve employee satisfaction and work-life balance. Professional development opportunities: Investing in...
