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AI-related job searches rising steadily: Indeed

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Job searches related to artificial intelligence (AI) have risen 106 per cent during June 2019 to June 2020 period, with accelerated adoption of AI-led technologies over the recent years in the country, according to a report by global job site Indeed. This compares with the data of June 2018 to June 2019 from Indeed.

Job searches related to AI saw 20 per cent rise during March- July 2020 period amid the COVID-19 pandemic, the report added.

In the wake of the pandemic, industries across the board are witnessing an accelerated adoption of AI-led technologies in order to ensure business continuity during the changed circumstances, the report said.

An increasing number of functions are being automated, creating a need for more skilled tech talent, it added.

Job openings for AI-related jobs saw 28 per cent increase from August 2019 to August 2020, while job searches saw 91 per cent spike.

Further, the report revealed that job postings related to AI have also seen a steady rise in the last two years, with 46 per cent rise between June 2018 and June 2019, and 51 per cent surge between June 2019 and June 2020.

The March-July 2020 period alone witnessed a rise of 17 per cent in job postings in this space.

A large number of companies, both within the technology sector and beyond, are seeking talent with specialised skills required to develop and implement machine learning solutions to post-COVID-19 requirements, the report observed.

In fact, it said several companies, and even job seekers independently, are actively pursuing avenues to upskill themselves in order to keep pace with the evolution of new-age tech.

“In light of our new reality in a post-pandemic world, the need of the hour is twofold – to reinvent existing tech to adapt to the new norms of social distancing and reimagined physical boundaries, and to drive innovation in the creation of the tech solutions that are now required in the new normal,” Venkata Machavarapu, Head of Engineering, India and Site Director at Indeed India, said.

With machine learning finding applications across sectors from healthcare, to digital finance to logistics, there are ample opportunities for skilled job seekers to explore, he added.

Further, a key application of machine learning has turned out to be in the ed-tech space, which is supporting the upskilling needs of job seekers, in order to ensure that they stay relevant in a rapidly advancing environment, the report added.

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ESIC: Govt may retrospectively relax conditions for unemployment benefits under Employees’ State Insurance

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The labour ministry has proposed to provide 50 per cent average per day earnings of the subscriber during four contributory periods in the past two years for 90 days of unemployment, as against 25 per cent provided earlier.

Synopsis

The labour ministry has moved a proposal to amend the conditions under the Atal Beemit Vyakti Kalyan Yojana from March, when the government imposed a nationwide lockdown, which will be taken up by the Employees’ State Insurance Corporation (ESIC) board on Thursday.

New Delhi: The government is likely to retrospectively relax conditions for unemployment benefits under the Employees’ State Insurance, which saw zero contribution from eight million subscribers in April and May.The labour ministry has moved a proposal to amend the conditions under the Atal Beemit Vyakti Kalyan Yojana from March, when the government imposed a nationwide lockdown, which will be taken up by the Employees’ State Insurance

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EPFO records 6.55 lakh net new enrolments in June from 1.72 lakh during May 2020

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NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) saw a robust rebound in net new subscribers with addition of 655,000 subscribers in June as industries and services resumed operations after two months of lockdown. Barely 20,000 and 172,000 subscribers were added to the EPFO in April and May respectively, resulting in net additions of about 847,000 in the first quarter of this financial year.

“The month of June has seen speedy recovery with addition of 6.55 lakh net subscribers registering a remarkable 280% month on month growth,” the EPFO said in a statement on Thursday. “The subscriber base growth is on account of increased number of new subscribers, lower exits and higher rejoining by exited members.”

New subscribers increased about 64% to 498,000 in June from 303,000 in May while exits from EPFO subscriber base declined nearly 33% to 296,000 in June from 445,000 in May. The EPFO saw net addition of 1.2 million subscribers in June this year while 2019-20 saw one million new subscribers on average every month.

EPFO

Even the number of members who exited and then rejoined increased 44% in June from May, with more subscribers choosing to retain membership by transferring funds rather than opting for final settlement, said the EPFO. The data comprises all the new members who joined during the month and whose contribution was received.

The EPFO payroll data showed the enrolment of female workers went up to 106,059 in June from 37,085 in April in absolute terms, even though the overall female participation in the workforce remained low.

However, the highest jump in formal employment creation was in the expert service category which predominantly consist of manpower agencies, private security agencies and small contractors.

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Hike to spend up to Rs 40,000 per employee to facilitate work from home throughout 2020

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New Delhi: Mobile messaging platform Hike on Thursday said all its employees will work from home throughout this year and the company will spend up to Rs 40,000 per staffer to help them create a comfortable workspace at their home.

The company, however, has kept its office open for employees who want to access special technologies available within the premise for their work, it said.

Prioritising employee safety and well-being amid the COVID-19 pandemic, the company said it has adopted “remote-first approach for the rest of 2020.”

Backed by global investors including SoftBank, Tiger Global, Tencent, Foxconn and Bharti Enterprises, Hike has over 160 employees at present.

The company, in a statement, said that “valuing employee wellbeing over everything else, Hike’s move to a remote-first culture would make working remotely their default modus operandi.”

However, for those looking to come to the office, it will remain an option with strict guidelines to ensure social distancing and sanitation.

Hike has that it will spend up to Rs 40,000 per employee to help them create a workspace at home.

“Hike would be delivering an ergonomic office chair and a brand new compact office table to its employees residing in Delhi NCR.

“For employees presently outside of Delhi NCR Hike has announced a reimbursement of up to Rs 10,000 for the purchase of their own chair and table to set up their workstation at home,” the statement said.

Hike would also be supporting its employees for any internet and IT accessories requirement.

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