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Second COVID wave postpones firms reopening plans; transition to office plan to be slow, staggered: Experts
Synopsis
Corporate India s return to office plan is likely to be staggered as the pandemic will continue to provide challenges. In a bid to ensure continuity and productive output, companies will have to provide convenient locations, latest technology and allow flexibility in tandem with evolving circumstances, they said.
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In the new future of work, hybrid is a new reality that is now strongly embedded and here to stay
The second COVID-19 wave has postponed corporate India s reopening plans for now, and distributed workforces or hybrid working will be the new normal as businesses seek to reduce risk and benefit from remote working, experts said.
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Synopsis
Amid Haryana job reservation law and employees still working from home, IT companies may choose not to attach employees to certain locations, as remote working has found acceptance in the past year.
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For a majority of multinational companies in Gurugram, the workforce draws annual salaries upwards of Rs 6 lakh, or Rs 50,000 per month the maximum stipulated amount for Haryana s job reservation law to kick in.
New Delhi: Haryana’s job reservation law for those domiciled in the state may not have much impact on information technology (IT) and IT-enabled services (ITeS) companies, as most of the staff is working remotely, experts said.
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Job Half Done
The Budget focuses on growth to create jobs but lacks holistic measures to solve the problem of massive unemployment
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India s biggest advantage, its demographic dividend where its working age population is more than its dependent population can become its biggest nightmare without sufficient employment avenues. The year 2020 will be known for business shutdowns, layoffs and joblessness due to the pandemic. In December 2020, according to the Centre for Monitoring Indian Economy, India s unemployment rate was as high as 9.1 per cent. Many expected Union Budget 2021 to take note of this and create ample growth and employment opportunities. The government has tried to do that by increasing spending. An increase in fiscal deficit to 9.5 per cent of gross domestic product (RE FY21) and 6.8 per cent in FY22 shows intention to increase spending and push growth, which will, in turn, create jobs. There is also a 34.5 per cent increase in allocation
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