News: 8.1 million active job seekers against 0.1 million jobs: NCS

#Jobs

8.1 million active job seekers against 0.1 million jobs: NCS

The National Career Services (NCS) has revealed that currently there are 8.1 million active job seekers against only 117958 available jobs.
8.1 million active job seekers against 0.1 million jobs: NCS

Launched in July 2015, the National Career Services (NCS) has revealed that there are 8.1 million active job seekers against the 117958 available jobs.

NCS was launched with an aim to modernize the government-run employment exchanges. Till now 4.27 crore job seekers have registered on the portal against 9.63 lakh jobs, as per the data released by the Ministry on July 16, 2018.

Union Labour Minister, Bandaru Dattatreya, was quoted in media saying, "So far, 45 million unemployed youth have registered with employment exchanges. With the portal going online, they need not go to the exchanges to register their names but can be done online."

Recently, Care Ratings also released a report highlighting jobless growth as a reality. The report highlights that employment growth in corporate India dropped to 3.8 percent in FY18, from 4.2 percent in FY17. The report also found that jobs in smaller companies being hit the hardest. The rating agency shared, “The moderation in employment growth is reflective of the proposition that higher economic growth is weakly translating into higher job creation."

During the General Elections 2015, NDA had promised that it would create 10 million jobs a year, but by far the promise has not been met. Last year, Bandaru Dattatreya, Minister of Labor and Employment confirmed the current growth is jobless growth. He said, “Many European and Asian countries, including India, are facing it. While the growth is being reported but it is not reflecting in employment generation.”

Topics: Jobs, Hiring, Talent Acquisition

Did you find this story helpful?

Author


QUICK POLL

Are organizations doing enough to bridge the skills gap?

On News Stands Now
q_auto,f_auto/v1557379748/mag-may-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

Amid this new business imperative called EX, organizations are increasingly directing their focus on enhancing not only the professional prospects of their workforce but also their employees’ cumulative professional experience and creating that 'aha' moments. In this issue, we take a look at the right mix of physical, digital and emotional experiences that can help organizations elevate the employee experience, and more importantly the roadblocks that organizations face to create a home-away-home.

Subscribe
And Save 59%

Subscribe now