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Tag: Formal employment

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

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

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% […]
Formal Job Creation - India Employer Forum

Formal Job Creation Will Revive A Flattening Economy

IEF Editorial Team India Employer Forum December 21, 2020
Formal job creation is a hidden power for growing economies. The emerging markets are never devoid of opportunity for long when the skills are available on call. The young and dynamic literate population of India can be its biggest asset when used right. The considerable industrialization, non-farm job creation, and ever-widening opportunities for all classes […]
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