Skilled Manpower

Singapore, which is facing manpower shortage, hopes that the foreign talent will choose to "anchor" in the country and make it their home, but does not guarantee fast-track residency. "Granting PR (permanent residency) or citizenship to deserving global talent means that we can anchor them here to continue creating opportunities for Singapore and Singaporeans in the long run," Manpower Minister Tan See Leng told Parliament on Monday. Responding to a question, he said Singapore, though on a talent hunt globally, does not provide any guarantee or fast-track the PR (permanent residency) for employment pass or Overseas Networks and Expertise Pass holders. The minister was responding to an adjournment motion by Nominated Member of Parliament Raj Joshua Thomas, on building a global talent strategy. Thomas, a lawyer and the president of the Security Association Singapore, set out in the motion two main suggestions on how the government can bolster its global talent policy and ameliorate .

The insolvency law might have helped resolve more than 500 cases in six years but manpower shortage at the NCLT and average resolution period being much higher than the stipulated 330 days pose challenges in tackling stressed companies in a time-bound manner. While the Insolvency and Bankruptcy Code (IBC) timeframe for resolution is 330 days, inclusive of time taken for litigation, the 517 cases that yielded resolution plans took an average of 460 days for conclusion till the end of June. And the recovery rate for creditors against the claims made was around 31 per cent. Delay in admission of a case as well as the resolution period also results in erosion in value of the assets. Experts opined that litigations, shortage of manpower at the National Company Law Tribunal (NCLT) benches, infrastructure woes and the pandemic-induced disruptions have adversely impacted the envisaged time-bound resolution process, resulting in delays. Amid concerns in various quarters over the delays and

EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology

The report showed that India has the strongest net employment outlook for the December quarter in the Asia- Pacific region, followed by China (46 per cent), and Australia (38 per cent)

India Inc's skill scarcity could impact the IT & services sector?

The services sector contributes to more than 50% of the country's GDP. Could the skill shortage in the sector run up against recovery in these sectors? Let's delve into the details.

The Delhi government has hiked minimum monthly wages of unskilled and skilled labourers by Rs 450-Rs 550 in view of high rate of inflation, according to an official statement on Friday.

It has the potential to generate employment for millions (skilled and unskilled labour) in India, Icra said

Ruing that the medical profession has become increasingly commercialised over the years, he advised the budding medical graduates to lend a human touch while treating their patients.

Maharashtra Chief Minister Uddhav Thackeray launched the CM's Maha Arogya Skills Development Programme, under which 20,000 youth will be trained in healthcare, nursing and paramedical fields

Challenge of getting trained hands at ground level could be overcome by providing dedicated personnel at each aspirational district and making hiring more flexible, study says

As digital technologies disrupt our industries, capacity building and skill development emerge as core components working towards bridging the current skill gap, said Debjani Ghosh, President, NASSCOM

Finance 100% and IT 87% sectors in India feel the need for a highly skilled and stable talent pool

As it is, 457 visa holders have such little job security. Dutton's reform will only make them far more vulnerable

One solution to India's challenges of education, employment, employability lies in state govts adopting apprenticeships on a large scale

NSSO data says a mere 4.5% of India's workforce is skilled, while 55% in US, 68% in UK, Japan's 80% and 96% of South Korea's workforce is skilled