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World of Work

economic-transformation-india

India’s Economic Transformation: A Path Toward Prosperity

World of Work 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

World of Work 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

World of Work 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 […]
lean-management-principles

Efficiency Unleashed: Lean Management Principles Can Drive Business Growth 

World of Work 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 […]
labour-reforms-myth

Labour Reform: Debunking the Myths

World of Work 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

World of Work 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 […]
bfsi-financial-technology-regulations

BFSI Sector: Adapting to Financial Regulation and Technology

World of Work IEF Editorial Team India Employer Forum October 29, 2024
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 […]
labour-mobility-india-employer-forum

English Education: Key to Labour Mobility and Economic Growth for Disadvantaged Groups

World of Work IEF Editorial Team India Employer Forum October 9, 2024
Learning English significantly improves labour mobility and plays a crucial role in helping traditionally disadvantaged groups gain access to economic growth. Kancha Ilaiah, a leading advocate for Dalit rights, argues that India’s education system is divided into two distinct structures: regional language education for Dalit-Bahujan children and English education primarily benefiting upper-caste students. This division, […]
role-of-chief-human-resource-officer

The Evolving Role of CHROs: From Operational Experts to Strategic Trailblazers

World of Work IEF Editorial Team India Employer Forum September 27, 2024
The role of the Chief Human Resource Officer (CHRO) is undergoing a seismic shift. Once seen as operational experts focused on managing talent and employee relations, CHROs today are stepping into the spotlight as strategic trailblazers driving business transformation. According to a Gartner survey, 70% of CEOs anticipate that their Chief Human Resource Officers (CHROs) […]
labour-laws-in-india-employer-forum

Impact of Labour Laws in India: Informal Employment, Contracts, and Wage Inequality

World of Work IEF Editorial Team India Employer Forum September 23, 2024
Over the years, there has been growing debate among economists and policymakers about the relevance of labour laws in India for job creation. Some argue that entrepreneurs have adapted to these laws, rendering them less important. However, we feel that the disconnect between how these laws are written, interpreted, and enforced has led to significant […]
industry-4.0-india-employer-forum

Empowering the Manufacturing Sector: Upskilling the Workforce for Industry 4.0

World of Work IEF Editorial Team India Employer Forum September 18, 2024
The manufacturing industry is the backbone of economic growth and a key driver of innovation. However, as we stand on the brink of the Fourth Industrial Revolution, also known as Industry 4.0, the sector faces an unprecedented challenge—upskilling its workforce to keep pace with rapid technological advancements. The transition to Industry 4.0 is not merely […]
non-farm-employment-india-employer-forum

India’s Farm to Non-Farm Employment Transition Needs Better Urbanization

World of Work IEF Editorial Team India Employer Forum September 13, 2024
India’s shift from farm to non-farm employment is being held back by poor urban planning and weak city leadership. For example, in Bangalore, the average taxi now moves at just 7 km/h—no faster than walking speed. Yet, the myth of a land shortage persists. If India had Singapore’s population density, the entire population could fit […]
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