Govt survey: Formal sector employment jumps by 0.4 million in Q3FY22

India’s formal sector employment jumped by 0.4 million in the October-December quarter of 2021 with the total number of workers employed across nine sectors at 31.4 million compared to 31 million in July-September quarter and 30.8 million in the April-June quarter of 2021, the labour ministry said on Thursday. As per the quarterly employment survey … Read more

Don’t let your children grow with job-centric mindset

By Sushil Mungekar With schools reopening after a long silence of 19 months and all boards formally declaring offline board exams, the entire nation is deeply infected by ‘examina-virus’. We all parents, educators, teachers and schools start putting our children, right from grade 1 to 12, into a ‘pressure cooker’. All TV remote controls & … Read more

Science Says This is the ‘Most Boring Person in the World’

March 29, 2022 — Apologies up front to anyone who spends their weekends bird-watching or doing math for fun. They are among the people expected to be boring, based on stereotypes about what they do for work or how they spend their spare time, new research reveals. Researchers surveyed more than 500 people across five … Read more

ESIC scheme adds 10.28 lakh new members in November

Around 10.28 lakh new members joined the ESIC-run social security scheme in November 2021 against 12.39 lakh in the previous month, official data showed on Tuesday, giving a perspective on formal sector employment in the country. The latest data is part of a report released by the National Statistical Office (NSO). Gross new enrolments with … Read more

French rail giant Alstom to hire 7,500 worldwide

French rail giant announced Friday it plans to hire 7,500 people worldwide this year to meet rising demand and record orders totalling 77.8 billion euros at the end of last year. The firm hopes to hire 6,000 engineers and managers as well as 1,500 workers and technicians, according to the firm that has 72,000 salaried … Read more

Fourth stimulus checks not expected as federal government grapples with omicron surge

New Yorkers queued for Covid-19 testing in Times Square on Dec. 26, 2021, as the omicron variant continued to spread. Andrew Kelly | Reuters  Omicron is wreaking more disruption on the American economy. That could prompt Washington lawmakers to revisit relief strategies from earlier in the Covid-19 pandemic. Conversations on Capitol Hill have turned to … Read more

Coaching can be expensive so these companies turned to tech for training

Seksan Mongkhonkhamsao | Moment | Getty Images When home improvement company Premium Service Brands wanted to coach franchisees in hiring and sales remotely during the coronavirus pandemic, it tried to replicate classroom learning via video call. But, says the company’s Vice President of Learning Deb Jewell, people didn’t always remember what they had learned online … Read more

‘Cash could be your friend’: Wilmington Trust sees a deeper pullback providing better opportunities for investors

The stock market’s volatility jump may be in its early stages. Despite a bullish 2022 outlook, Wilmington Trust’s Meghan Shue expects the wild swings to ramp up as investors digest a less accommodative Federal Reserve and assess new risks tied to the Covid omicron variant. “While we’re overweight to equities, we’re holding elevated cash because … Read more

Why workers should expect a bigger raise in 2022, and that it still won’t match inflation

SDI Productions | E+ | Getty Images The Great Resignation is occurring amid rising inflation, and as employers face the tightest labor market in recent history, how much to raise employee pay in 2022 is a challenge. Corporations are generating record profits, and workers are being pressed to keep up with rising costs for basics including food, gas, … Read more