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Author: India Employer Forum

economic-transformation-india

India’s Economic Transformation: A Path Toward Prosperity

IEF Editorial Team India Employer Forum November 21, 2024
Over the past half-century, economists have found India’s and China’s economic trajectories particularly compelling. While China’s authoritarian approach has driven substantial wage growth, it has offered modest returns for shareholders (with public market returns decreasing by 13% over the past two decades). In contrast, India, a democracy, has achieved remarkable public market returns (around 1,300% […]
employment-laws

Karnataka Must Embrace Decriminalisation in State Employment Laws

IEF Editorial Team India Employer Forum November 20, 2024
Reducing Criminal Provisions in State Employment Laws will further fuel the economic engine by enhancing Job Creation Karnataka’s current progress in creating high-wage jobs compared to other states is deeply rooted in historical investments in human capital, supported by the collective vision of C.V. Raman, Visvesvaraya, Jamsetji Tata, Mirza Ismail, Madhav Rao, and chief ministers […]
organisational-change-in-india

Organizational Change in India: Adapting to Macroeconomic Shifts

IEF Editorial Team India Employer Forum November 19, 2024
In today’s rapidly evolving business landscape, organizational change in India has become essential for companies aiming to stay competitive and resilient. Major macroeconomic changes like technological advancements, economic shifts, and crises such as the COVID-19 pandemic have transformed how businesses operate. For Indian organizations, these changes demand innovative strategies to manage both internal and external […]
use-of-ai-in-human-resource

Future of Human Resource Profession with Growing Use of AI

IEF Editorial Team India Employer Forum November 18, 2024
By Nishant Kalra, Group CHRO, JTEKT India As artificial intelligence (AI) continues to transform various professions, including human resources, certain job profiles within the HR profession are likely to remain essential due to some unique human skills and tasks they involve. Following are some job profiles that are expected to endure despite the growing use […]
degree-apprenticeship-program

Degree Apprenticeship Program: The Key to Solving Unemployability

IEF Editorial Team India Employer Forum November 15, 2024
India is currently facing a unique challenge: despite its vast youth population, a significant skills gap persists, affecting workforce readiness and job market alignment. As of the latest data from the 2023-24 Periodic Labour Force Survey (PLFS), the unemployment rate among youth aged 15-29 stands at approximately 10.2%, with even higher rates for urban females […]
higher-education-policy-reforms

Key Trade-offs in Higher Education: Policy for Developing Nations

IEF Editorial Team India Employer Forum November 15, 2024
There are no simple answers to questions of what is the purpose of education? Is education to provide lessons for living or for livelihood? One of the most fundamental questions is why some countries remain poor. Poverty is often a result of low productivity, and while various factors can enhance productivity, education stands out as […]
lean-management-principles

Efficiency Unleashed: Lean Management Principles Can Drive Business Growth 

IEF Editorial Team India Employer Forum November 15, 2024
Lean management has become a transformative strategy for organizations seeking efficiency and enhanced customer satisfaction. This methodology, widely adopted across various sectors, particularly in service industries like finance and healthcare, helps businesses reduce waste and improve productivity. A standout example is Axis Bank, whose “Shikhar” transformation initiative successfully reduced customer wait times for loans by […]
benefits-of-hybrid-workplace

Embracing the Future: Hybrid Work Models Are Here to Stay!

IEF Editorial Team India Employer Forum November 14, 2024
The hybrid work model has become a powerful strategy for companies in 2024, balancing flexibility with productivity to attract, retain, and engage top talent. The COVID-19 pandemic accelerated the shift to remote work, fundamentally transforming traditional office dynamics. As businesses now navigate a post-pandemic landscape, the importance of hybrid work is clear: it provides a […]
monthly-compliance-roundup-october-24

Monthly Compliance Roundup October 2024

IEF Editorial Team India Employer Forum November 13, 2024
The regulatory compliance landscape in India is highly dynamic, with an average of ~23 updates per day. In FY23-24 alone, there were as many as 8,331 updates w.r.t compliance requirements. These regulatory changes are notified on over 2,000 union, state, and local government websites in the form of notifications, directions, circulars, advisories, orders, amendments, and […]
revamping-indias-human-capital

Revamping India’s Human Capital: A Blueprint for Economic Transformation

IEF Editorial Team India Employer Forum November 8, 2024
In September 1984, JRD Tata responded to PN Haksar, a retired bureaucrat, who criticized businessmen for their lack of contribution to India’s development. Tata expressed his frustration: “I began my 55-year career as an angry young man due to foreign dominance and end it as an angry old man, heartbroken over the ongoing plight of […]
labour-reforms-myth

Labour Reform: Debunking the Myths

IEF Editorial Team India Employer Forum November 7, 2024
The myth that labour reforms are inherently anti-worker is a narrative often perpetuated by left-wing parties and trade unions in India. This false belief, largely driven by self-interest, paints labour reforms as detrimental to workers when, in reality, they are crucial for the growth and development of India’s labour market. Such a narrative distorts the […]
india-in-2050

India in 2050: A Wishlist for Growth, Opportunity, and Prosperity

IEF Editorial Team India Employer Forum November 6, 2024
As India prepares to fulfil its promise of accelerating economic growth, the current five-year plan significantly increases investments in infrastructure and incentivizes manufacturing. Additionally, efforts are being made to better connect education and employment, with a renewed emphasis on skill development. These initiatives have led Bloomberg Economics to project that the Indian economy could grow […]
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