IIM ROHTAK HUMANE-R CLUB Presents
HR BULLETIN VOLUME 5
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Humane-R
HR Bulletin
Volume 5
1. Headcount Expansion Loses Currency, Companies to Promote up-skilling in 2020, Says Experts
After taking a big hit from falling rate of economic growth in 2019, the job market may remain muted in the new year as well in terms of workforce expansion and salary hikes as more and more companies are expected to prefer up-skilling of existing staff rather than hiring new ones, experts feel.
hiring and there is a marked shift in their focus towards making the best of the available human resources. T"2020 is expected to stay flat in terms of employment or, at best, have a marginal growth. With the GDP and key economic indicators yet to pick up steam, it remains to be seen if consumption and/or investments will go up and, if they do, then we have hope for employment growth," Indian Staffing
With the technology-enabled disruption continuing to play its part, companies have become far more discerning in terms of 1
Federation's President Rituparna Chakraborty said.
saw a status quo in government initiatives and policies for 2-3 months. Besides, crossborder security tensions also kept the job market muted.
Across industries, the percentage of organisations indicating an increase of headcount has gone down. However, roles for the 'right people' continue to exist in the market, experts said.
"The forecast for 2020 from a hiring perspective will further see a drop with a lower percentage of organisations indicating the need to expand workforce across industries," Namita Bharadwaj, PrincipalIndia Products Leader and CareerConsulting Leader (North, East & Bangladesh) at Mercer said.
"Initial quarter of 2020 may not be very exciting since the GDP growth has gone down and the organisations are being cautious for their expansions or new initiatives," executive search firm GlobalHunt India Managing Director Sunil Goel said.
Bharadwaj said the companies will "continue to focus on internal talent review what's there, what's required by the organisation and build and up-skill the talent as per the organisation's needs".
The second-half of 2020, however, might look promising in terms of job opportunities of the companies resume looking at business expansion and new initiatives.
The major hiring trends for 2019 were automation, artificial intelligence and were more driven by niche skills, new-age positions and roles.  
The year 2019 witnessed a marked slowdown in automobile, manufacturing and engineering sectors, while general elections
Read more at: https://www.news18.com/news/business/headcount-expansion-loses-currencycompanies-to-promote-up-skilling-in-2020-says-experts-2432477.html
2. The Code on Wages, 2019: Understanding the key changes to wages, remuneration and bonus The consolidation, rationalisation and simplification of labour related regulations is on track with the Code on Wages, 2019 receiving Presidential assent on August 08, 2019, after the nod from both Houses of ParliamentThis Code is the first of the four labour codes which has now become an Act, and has replaced four labour regulations viz. the Payment of Wages Act, 1936; the Minimum Wages Act, 1948; the Payment of Bonus Act, 1965; and the Equal Remuneration Act, 1976. 2
Having brought together various previous legislations under single umbrella, the Code has expanded the definition of “employer” as well as “employee”, resulting in a broad based applicability of the regulations and is now applicable to employees in both organised and unorganised sectors.
Apprentices Act, 1961 are specifically excluded from the definition of employee). With an intent to have a uniform definition of wages across all legislations as well as to minimise litigation, the definition of “wages” has been unified. The definition of wages now has three parts to it- an inclusion part, specified exclusions and conditions which limit the quantum of exclusions.
Further, the provisions of the Minimum Wages Act and the Payment of Wages Act used to apply only to workers drawing wages below a particular ceiling and working in scheduled employments only. However, under the Code, the minimum wages and the payment of wages provisions cover all establishments, employees and employers as defined unless specifically exempt (the member of the Armed Forces of the Union and apprentice engaged under the impact
The employers should also analyse the requirement of revision of the salary structure and organization policy with regard to labour contracts and employment terms of services to ensure that their policies are HR friendly and legally compliant. The aggregation of various codes under one umbrella is a welcome measure.
Read more at: https://economictimes.indiatimes.com/small-biz/legal/the-code-on-wages-2019-understandingthe-key-changes-to-wages-remuneration-and-bonus/articleshow/72913106.cms
3. Government plans law to reposition stats body ET had reported in May that the government has decided to review the role of the commission and empower it through legislation to give it more teeth and resources. New Delhi: Facing criticism over the credibility and independence of India’s official statistics, the government on Thursday proposed a law to reposition the National Statistical Commission (NSC) as the nodal body for all core statistical activities of the country. The draft National Statistical Commission (NSC) Bill 2019 proposes a statutory National Statistical Commission with an independent secretariat headed by a secretary rank officer and comprising five whole-time 3
members including a deputy governor of RBI, chief statistician of India, chief economic adviser and the CEO of Niti Aayog. The current NSC, which was set up as an interim measure by a notification dated June 1, 2005, lacks statutory authority. “In the absence of any legislative framework, the NSC has faced challenges in implementing its recommendations,” the government said inviting comments on the proposed law. It tasks the NCS with a mandate “to evolve, monitor and enforce statistical priorities and standards and to ensure statistical coordination” and gives it a corporate structure. The Bill envisages financial autonomy for the commission through an independent National Statistical Fund, but it would be bound by directions that the Centre “may give in writing to it from time to time. matters suo motu, but the Bill encourages government agencies to proactively bring issues pertaining to the national statistical system for discussion in NSC.
The NSC is the apex advisory body on statistical matters, but its suggestions are not binding on the government. It would conduct periodical review of all aspects of official statistical system at various levels, including legislative, overall policy, HR and technology intervention issues of Centre as well as state statistical systems, including administrative data. It can take up such
Read more at: //economictimes.indiatimes.com/articleshow/ 72892388.cms? utm_source=contentofinterest&utm_medium=te xt&utm_campaign=cppst
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