Tag: Job Market post-COVID era

Job Scenario During Coronavirus Pandemic and Its Implications on Businesses

Job Scenario During Coronavirus Pandemic and Its Implications on Businesses

Column, Human Resource
The Indian Job market has been facing a big decline following the Coronavirus outbreak. This has caused an unpredictable market crisis that any of the sectors has ever witnessed. On one hand, there have been job losses while on the other, new jobs have seen declined interest in hiring. According to a recent report by the Centre for Monitoring Indian Economy (CMIE), as many as 21 million salaried jobs have been lost during the lockdown period in India,. Besides lay-offs across sectors, workforce headcounts have also gone low. As the slowdown has hit companies across sectors, hiring experts say that the job market will remain a dull or further drop in 2020. The job losses span across sectors and skill levels and include services, manufacturing and industry, and white-collar jobs. Hospital...
Infrastructure Sector – One of the Biggest Job Market in Post-COVID era

Infrastructure Sector – One of the Biggest Job Market in Post-COVID era

Column, Infrastructure Development
Author: Suneel Wasan, Executive Director – HR, Egis India As the world scouts for a new manufacturing destination, after China started losing its popularity during the COVID era as the manufacturing hub of the world, India presents itself as an alternate destination to fill the global manufacturing gap. This situation augurs well with the decision of the Government of India to make India self-reliant with the Make in India Initiative adding further need in the creation of good infrastructure in all sectors – roads, aviation, power, water, port, urban infrastructure, etc. As per IBEF (1), the manufacturing sector in India is expected to reach US$ 1 trillion by 2025 and will contribute about 25% to its GDP. It is estimated that under the Make in India initiative, indigenous manufacturin...