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World of Work

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

World of Work IEF Editorial Team India Employer Forum July 17, 2024
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

World of Work IEF Editorial Team India Employer Forum July 16, 2024
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 […]

Addressing Wage Disparities to Boost Private Job Creation in India

World of Work IEF Editorial Team India Employer Forum July 13, 2024
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, […]

How AI Can Make Us Better Leaders

World of Work IEF Editorial Team India Employer Forum June 29, 2024
In the face of unprecedented technological advancements, the role of leadership is undergoing a profound transformation. Today’s leaders are not just navigating traditional management challenges but are also steering their organizations through the complexities of a digital era. Artificial Intelligence (AI) is at the heart of this evolution, offering leaders unprecedented tools to elevate their […]

Revamping India’s Labour Laws for Job Growth and Formal Employment

World of Work IEF Editorial Team India Employer Forum June 26, 2024
India’s labour laws, largely relics of a bygone era, need significant reforms to foster job creation and enhance formal employment. These laws, written for a vastly different economic landscape, fail to align with the modern workforce’s needs. They assume lifetime employment, overlook the cost-to-company concept, and assume benefits are additional to salaries. Moreover, these laws […]

Transforming India’s Employment Landscape: From Privilege to Right

World of Work IEF Editorial Team India Employer Forum June 25, 2024
The next administration must focus on two key employment objectives: increasing the total number of jobs and expanding the share of formal jobs. These issues require distinct solutions. Increasing the Total Number of Jobs To facilitate the transition from agricultural to non-agricultural employment, it is crucial to boost manufacturing jobs, which currently constitute only 12% […]
potential-of-indian-it-and-manufacturing-sector

Economic Future: The Untapped Potential of Indian IT and Manufacturing Sectors

World of Work IEF Editorial Team India Employer Forum June 24, 2024
Albert Einstein once said that judging a fish by its ability to climb a tree will make it believe it is foolish. This analogy applies to predictions about India’s IT and manufacturing sectors. Despite only 0.7% of the labour force working in Information Technology (IT) and 11% in manufacturing, gloomy forecasts suggest these sectors have […]
Job Growth

Transforming Karnataka: Building New Urban Hubs

World of Work IEF Editorial Team India Employer Forum June 20, 2024
The question of whether Karnataka will bring jobs to its people or move people to jobs hinges on the ability of policymakers to make and implement challenging decisions. Every minute, 25-30 people migrate to an Indian city from rural areas in search of better livelihood and lifestyles. If the pace of migration from rural areas […]
Minimise e-waste

How Employers Can Minimise E-Waste in the Workplace

World of Work IEF Editorial Team India Employer Forum June 10, 2024
As technology evolves, businesses face the challenge of managing electronic waste (e-waste) responsibly. E-waste, encompassing discarded electronic devices like computers, smartphones, and other gadgets, is the fastest-growing waste stream globally. Employers play a crucial role in mitigating e-waste and its environmental impact. Here are practical strategies for minimising e-waste in the workplace. 1. Extend the […]

India’s Job Creation Imperative: Seizing Opportunities for Prosperity

World of Work IEF Editorial Team India Employer Forum May 31, 2024
In a well-known tale often attributed to Albert Einstein, a student interrupts an exam to point out that the questions are identical to those from the previous year. Einstein’s response, “Don’t worry, the answers are different this year,” serves as a metaphor for India’s enduring job creation challenge. Despite long standing awareness of necessary reforms, […]
Unemployment

Navigating Unemployment: Shifting Tides in the Job Market and the Role of AI

World of Work IEF Editorial Team India Employer Forum May 28, 2024
In the contemporary world, workforce dynamics have undergone a significant transformation, reflecting a tale of two realities: one where skilled and semi-skilled workers find opportunities, and another where educated youth struggle to secure coveted white-collar positions. This phenomenon underscores the shifting face of unemployment and the pivotal role that emerging technologies, particularly Artificial Intelligence (AI), […]
Telecom Industry In India

Telecom Industry In India: Innovations And Opportunities

World of Work IEF Editorial Team India Employer Forum May 23, 2024
In today’s hyper-connected world, the significance of telecommunications cannot be overstated. From facilitating communication to driving digital transformation, the telecom industry plays a pivotal role in shaping economies and societies. As we commemorate World Telecommunication Day, it’s an opportune moment to reflect on the transformative power of telecommunications and its profound impact on India’s economic […]
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