India Employer Forum

Author: India Employer Forum

importance-of-apprenticeships

Neglecting the Importance of Apprenticeships: A Direct Attack on India’s Youth and Future Workforce

In 1975, Prime Minister Indira Gandhi prioritized increasing the number of apprentices in India as part of her 20-point program. Despite the significance of learning-by-doing and learning-while-earning, this initiative failed to bring about meaningful change because no legislative reforms were made to the Apprentices Act of 1961. The Act imposed harsh penalties, including jail terms […]
bfsi-financial-technology-regulations

BFSI Sector: Adapting to Financial Regulation and Technology

The BFSI sector is booming and companies are seeing a big change thanks to rapid technological advancements and evolving regulations. The ability to adapt to these changes has become vital, especially as the global financial system integrates with cutting-edge technologies like blockchain and AI. Financial institutions now find themselves at a crossroads, needing to either […]
learning-and-career-development

‘If Employees Ever Feel that their Learning and Career Advancement have Stagnated, they are likely to move on’

Shiv Rawat, Group CHRO, V-Trans Group, speaks to India Employer Forum about today’s evolving work landscape, the role of technology and automation in logistics operations, and more. Q. You’ve excelled in your professional journey and created valuable YouTube content to help others navigate different aspects of work. What inspired you to start this channel, and […]
nbfc-regulations

NBFC Regulations in India

Shivendra Suman, Head – Compliance and Company Secretary, Hero FinCorp Limited, speaks to the India Employer Forum about NBFC regulations in India. 1.How has the NBFC regulatory framework evolved over the years? The regulatory framework for non-banking financial companies (NBFCs) in India has evolved significantly over the past decade. While the regulatory structure in more […]
compliance-management

Best Compliance Management Practices

Anil Kumar, Finance Manager, Jupiter Capital Pvt Ltd, speaks to the India Employer Forum about the best compliance management practices in India. 1.What are the major overarching acts, rules and regulations that regulate NBFCs? Non-Banking Financial Companies (NBFCs) are regulated by several acts, rules, and regulations, which may vary based on the type of NBFC. […]
upskilling-employees

The Goal is to Identify the Potential ‘Lacks’ and Upskilling Employees

Subhransu Pattnayak, CHRO at Muthoot Microfin Ltd., speaks to India Employer Forum about AI impacting recruitment in the BFSI industry, finding skilled talent, upskilling employees and reskilling initiatives, and more. Q. How is AI impacting recruitment and talent acquisition in the BFSI industry, and what changes are being observed in the types of skills and […]
Employability

India’s Job Crisis: What are the Barriers to Employability?

India stands at a critical juncture in its economic development, with a workforce of nearly 56.5 crore and a youth population that is both a tremendous asset and a formidable challenge. Despite significant progress in various sectors, employability remains a daunting issue, with a staggering portion of the youth lacking the skills needed for a […]
Skilling

Skilling the Female Workforce: Empowering Women to boost Economic Growth

India’s economic aspirations are intricately linked to its vast human resource, yet a significant portion remains untapped – the skills and talents of its women. Despite constituting 48% of the country’s population, women represent only 30% of the workforce, a mere 158 million out of the 500 million workforce. According to a McKinsey study, India […]

Balancing Alpha and Beta: Navigating Luck and Skill in India’s Booming Economy

In the world of business, it’s crucial to differentiate between luck and skill. Currently, many entrepreneurs, investors, and policymakers seem to be confusing these two critical factors. There are two types of market returns in corporate finance: those arising from skill (alpha) and those resulting from overall market trends (beta). A key lesson in business […]

Why Work Experience is Key to Maximising Your MBA

Embarking on an MBA journey without prior work experience can be likened to trying to learn music without listening to a live performance. Consider the scenario of a young individual facing the crossroads of career decisions. Should they take a year off to develop specific skills? Should they secure a job to gain work experience […]

Monthly Compliance Roundup, June 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 […]

Addressing Wage Disparities to Boost Private Job Creation in India

In India, two events consistently spark intense media coverage about jobs: the release of government recruitment application numbers and slight changes in the official unemployment rate. Both miss the core issue: India faces a wages problem, not a jobs problem. With an official unemployment rate of 5%, anyone who wants a job can find one, […]
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