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For employees, a job is about more than just the paycheck—elements like work-life balance, career development and a positive <keyword id="20375714" type="General" weightage="20" keywordseo="workplace-environment" source="keywords">workplace environment</keyword> play crucial roles. This broader perspective extends to a national level too, with highly <keyword id="20614079" type="General" weightage="20" keywordseo="skilled-professionals" source="keywords">skilled professionals</keyword> increasingly drawn to countries that offer a more inclusive and progressive atmosphere. A recent study from Washington State University underscores this notion, revealing that European countries which embraced <keyword id="20026331" type="General" weightage="100" keywordseo="same-sex-marriage" source="keywords">same-sex marriage</keyword> saw a significant boost in retaining their top talent. This shift had considerable economic repercussions, particularly in influencing the flow of skilled workers to the United States. <cmsannotation type="cmsannotation" annotationid="Uncovering the link between marriage equality and skilled labour retention" comment="subhead" text="Uncovering the link between marriage equality and skilled labour retention">Uncovering the link between <keyword id="1660336" type="General" weightage="20" keywordseo="marriage-equality" source="Orion">marriage equality</keyword> and <keyword id="22603926" type="General" weightage="20" keywordseo="skilled-labour-retention" source="Orion">skilled labour retention</keyword></cmsannotation> The study, recently published in AEA Papers and Proceedings, analysed 20 years of data on H-1B visas—those coveted permits for immigrants with advanced degrees and specialised skills. The research team’s choice to focus on EU countries was a strategic one, leveraging the shared labour market within this political and economic union for a more precise analysis of marriage equality’s effects. The EU also provided a natural experiment: by 2019, roughly half of the 27 member states had legalised same-sex marriage, while the remaining 14 had not, creating a perfect control group for comparison. The results revealed that from 2000 to 2019, as 13 EU countries adopted same-sex marriage laws, the U.S. experienced a 21% decline in new H-1B visas from these countries. This trend persisted despite differences in enactment dates and economic conditions across the EU. The study also considered the effect of the U.S. recognising foreign same-sex marriages in 2013. Notably, this policy change slowed the decrease in H-1B visa admissions from EU countries with existing marriage equality laws, such as The Netherlands, Belgium and Spain. Koroles Awad, a Ph.D. candidate in economics at WSU, emphasised that <keyword id="21934841" type="General" weightage="20" keywordseo="inclusive-policies" source="keywords">inclusive policies</keyword> make countries more attractive to skilled labour. This finding underscores the broader economic benefits of marriage equality beyond just social progress. Awad further noted that marriage equality could act as a non-monetary incentive for attracting and retaining highly sought-after skilled workers, particularly in STEM fields. Building on previous U.S. studies showing that same-sex couples and households led by women were more likely to relocate to states recognising same-sex marriage, this new research broadens the understanding of how inclusive policies affect migration patterns. Although this study doesn’t address the sexual orientation of H-1B visa holders, it clearly indicates that the appeal of inclusive environments is a significant factor for skilled professionals.

Inclusivity pays off: Countries with same-sex marriage retain skilled professionals more effectively, per study

<keyword id="20779198" type="General" weightage="20" keywordseo="Chief-Economic-Advisor" source="keywords">Chief Economic Advisor</keyword> V Anantha Nageswaran emphasized the crucial and positive role that artificial intelligence (<keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword>) can play for the <keyword id="22505095" type="General" weightage="20" keywordseo="Indian-demography" source="keywords">Indian demography</keyword> and <keyword id="20278114" type="General" weightage="20" keywordseo="labour-force" source="keywords">labour force</keyword> during a press conference on the <keyword id="20613906" type="General" weightage="100" keywordseo="Economic-Survey" source="keywords">Economic Survey</keyword> 2023-24. He noted that within the next decade, India is poised to become the world's third-largest economy and will benefit significantly from its demographic dividend. However, Nageswaran also acknowledged potential challenges posed by AI, particularly for India's <keyword id="20811086" type="General" weightage="20" keywordseo="business-process-outsourcing" source="keywords">Business Process Outsourcing</keyword> (BPO) sector. He stated, "The short-term challenge of generative AI could slow <keyword id="22505093" type="General" weightage="20" keywordseo="BPO-sector-growth" source="keywords">BPO sector growth</keyword>, affecting <keyword id="21300718" type="General" weightage="20" keywordseo="customer-services" source="keywords">customer services</keyword>. It is possible that the jobs related to BPO will be under threat whereas AI may actually turn out to be a booster." Furthermore, Nageswaran also pointed out that the emergence of AI might reduce annual <keyword id="21420133" type="General" weightage="20" keywordseo="productivity-growth" source="keywords">productivity growth</keyword> by approximately 0.3 percentage points in the coming years. This indicates a potential short-term dip in productivity as industries adapt to new technologies. Despite these challenges, Nageswaran added that the long-term potential of AI is promising. The broader adoption of AI could lead to significant improvements in critical areas such as healthcare and education, thereby enhancing human capital. The economic survey presented in the Parliament by finance minister Nirmala Sithraman says in the medium term Indian economy can grow at a rate of 7 per cent. The economic survey stated, "In the medium term, the Indian economy can grow at a rate of 7 per cent plus on a sustained basis if we build on the structural reforms undertaken over the last decade. This requires a tripartite compact between the Union Government, State Governments and the private sector." Achieving a sustained growth rate of over 7 per cent will require a tripartite compact between the Union Government, State Governments, and the private sector. India's financial sector is undergoing critical transformations. During FY24, primary capital markets facilitated capital formation of Rs 10.9 lakh crore, accounting for approximately 29 per cent of the gross fixed capital formation of private and public corporates in FY23. It further adds India faces a unique blend of opportunities and challenges amid global trends such as geo-economic fragmentation, a push for self-reliance, looming climate change, the rise of technology, and limited policy space. (ANI)

AI could slow BPO sector growth: Chief Economic Advisor Nageshwaran

<ul><li><keyword id="19906778" type="General" weightage="100" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> has delayed hiring of 2000 young professionals</li><li><keyword id="20033579" type="General" weightage="20" keywordseo="NITES" source="keywords" meta.keywordsubtype="org" meta.entityname="NITES" meta.hostid="261" meta.entityid="NITES">NITES</keyword> has filed a complaint in the matter</li><li>Infosys is also making headlines for its new Power Programme</li></ul> The Nascent Information Technology Employees Senate (NITES), a Pune-based <keyword id="22859482" type="General" weightage="20" keywordseo="IT-employee-union" source="keywords">IT employee union</keyword>, has filed a formal complaint with the Ministry of Labour and Employment against Infosys. The union alleges that Infosys has delayed the <keyword id="22570539" type="General" weightage="20" keywordseo="onboarding-process" source="keywords">onboarding process</keyword> for around 2,000 <keyword id="22859483" type="General" weightage="20" keywordseo="fresh-engineering-graduates" source="keywords">fresh engineering graduates</keyword> for over two years, leaving them in a state of uncertainty and distress. <h2>Infosys delayed freshers' onboarding for more than two years</h2>According to NITES, these graduates were selected for roles such as system engineer and digital specialist engineer as early as April 2022. Despite receiving offer letters, the onboarding process has been repeatedly postponed. The affected graduates were required to participate in unpaid pre-training programs and undergo additional, unexpected assessments, further complicating their entry into the workforce. NITES claims that despite fulfilling all the prerequisites set by Infosys, these young professionals have been kept in limbo, leading to significant frustration and anxiety. The union views this situation as a serious breach of trust by Infosys, which has long been regarded as one of the pillars of India’s IT industry. Harpreet Singh Saluja, President of NITES, expressed deep concern over the situation, emphasizing the broader implications for the Indian IT sector. “We believe that this is not just a breach of trust by one of India’s largest IT companies, but also a significant issue that impacts the future of our country’s <keyword id="22360158" type="General" weightage="20" keywordseo="IT-workforce" source="keywords">IT workforce</keyword> and economy. We are calling on the government to take immediate and strict action against Infosys to ensure that such exploitative practices are halted and that the rights of these young professionals are protected,” Saluja said, according to a report by The Economic Times. The complaint filed by NITES highlights that even after long delays, the graduates were asked to participate in an unpaid virtual pre-training program from July 1 to July 24, 2024. They were promised final joining dates of either August 19 or September 2, 2024. However, despite completing the training, they were informed that they would need to retake the exam offline, once again without pay. This has only added to their frustration and uncertainty about their future with the company. <h2>Infosys’ Power Programme</h2>In a contrasting development, Infosys is also making headlines for its recent campus placement drive, where it has introduced a new 'power programme.' According to a report by The Times of India, the company is offering pay packages of up to Rs 9 lakh per annum to select colleges, a significant increase from its standard entry-level packages, which typically range from Rs 3-3.5 lakh. This move is seen as part of Infosys’ strategy to attract highly specialized talent in areas such as coding, software development, cloud computing, AI/ML, and cybersecurity. Infosys plans to hire between 15,000 and 20,000 graduates in FY25. During its earnings call last month, Infosys announced plans to resume campus placements and off-campus fresher hiring in the current fiscal year. The top four IT firms in India are expected to collectively add about 82,000 freshers in FY25. Among them, HCLTech and <keyword id="19945574" type="General" weightage="20" keywordseo="wipro" source="keywords">Wipro</keyword> plan to hire 10,000 and up to 12,000 freshers, respectively. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/work-life-balance-is-a-myth-photo-of-man-working-in-front-of-momo-stall-goes-viral-internet-reacts/articleshow/112516510.cms" data-type="tilCustomLink" target="_blank">'Work-life balance is a myth’: Photo of man working in front of momo stall goes viral, Internet reacts</a> <a href="https://www.businessinsider.in/tech/article/arrange-or-love-marriage-debate-is-passe-people-are-now-marrying-their-ai-partners/articleshow/112522764.cms" data-type="tilCustomLink" target="_blank">Arrange or love marriage debate is passe, people are now marrying their AI partners</a>

Infosys delays onboarding of 2,000 graduates for more than 2 years, NITES files complaint

India's economic engine is roaring, and the job market reflects that optimism. The latest <keyword id="20613906" type="General" weightage="20" keywordseo="Economic-Survey" source="keywords">Economic Survey</keyword> 2023-2024 paints a picture of a growing economy brimming with opportunities, but also cautions of potential roadblocks on the road to success. <h2>Cause for celebration</h2>The good news is plentiful, if the recent Economic Survey tabled by <keyword id="20426375" type="General" weightage="20" keywordseo="Union-Finance-Minister-Nirmala-Sitharaman" source="keywords" meta.keywordsubtype="org" meta.entityname="Union Finance Minister Nirmala Sitharaman" meta.hostid="261" meta.entityid="Union Finance Minister Nirmala Sitharaman">Union Finance Minister Nirmala Sitharaman</keyword> is to be believed. The <keyword id="20054242" type="General" weightage="20" keywordseo="unemployment-rate" source="keywords">unemployment rate</keyword> has dipped to an impressive 3.2% in 2022-23, signifying a more vibrant job market. Increased participation of young people and women in the workforce presents a golden opportunity to leverage India's demographic dividend and achieve greater gender equality. Additionally, a surge in net payroll additions under the Employees' Provident Fund Organisation (EPFO) indicates a healthy rise in formal jobs, offering much-needed security for workers. The government's "Skill India" initiative is gaining traction, with a significant rise in the number of people undergoing skill development programs, the Economic Survey highlighted. This is crucial, as India's burgeoning tech scene, with its skyrocketing number of startups, is creating a wealth of new opportunities that demand a skilled workforce. <div type="Article" hostid="261" msid="111920956" title="FM Nirmala Sitharaman tables Economic Survey 2023-24 in Lok Sabha" mstype="2" mssubtype="0"></div> <h2>Challenges on the horizon </h2>However, amidst the optimism, there are challenges to navigate. While <keyword id="107950" type="General" weightage="20" keywordseo="artificial-intelligence" source="Orion">Artificial Intelligence</keyword> (AI) promises to revolutionise industries, it also poses a threat to some existing jobs. The Economic Survey emphasises the need to use technology for collective benefit, advocating against over-reliance on automation. Another significant hurdle is the widening <keyword id="21466653" type="General" weightage="20" keywordseo="skills-gap" source="keywords">skills gap</keyword>. The rapid transformation of the <keyword id="20001119" type="General" weightage="20" keywordseo="services-sector" source="keywords">services sector</keyword>, marked by the rise of domestic service delivery powered by technology (think online food delivery and home automation) and the diversification of India's services exports beyond traditional sectors like IT, demands a workforce equipped with specialised skills. Areas like Blockchain, Machine Learning, <keyword id="19906883" type="General" weightage="20" keywordseo="cybersecurity" source="keywords">Cybersecurity</keyword>, <keyword id="19960489" type="General" weightage="20" keywordseo="cloud-computing" source="keywords">Cloud Computing</keyword>, and Web and Mobile Development are becoming increasingly important. Outdated regulations, particularly those related to land use and restrictions on women's working hours, are further hindering job creation and female labour force participation. Deregulation in these areas is crucial to unlock India's full growth potential, according to the Economic Survey. The report also highlights the need for industry to take the lead in fostering innovation and skill development. Collaboration with academia and revamped vocational education programs are key to bridge the current skill gap. <div type="Article" hostid="261" msid="111922453" title="AI casts huge pall of uncertainty over impact on workers across skill levels: Economic Survey" mstype="2" mssubtype="0"></div> <h2>Opportunities beyond tech</h2>The Economic Survey identifies promising sectors with the potential to create a significant number of jobs: <ul><li>Agro-processing: This sector can be a major job generator, especially in rural areas.</li><li>Care Economy: The growing demand for elder care and childcare services presents an opportunity for skilled professionals.</li><li>Tourism: While AI might moderate India's services export growth, the report emphasises the importance of the <keyword id="20260982" type="General" weightage="20" keywordseo="tourism-sector" source="keywords">tourism sector</keyword>, which is relatively less skill-dependent, for employment generation. To capitalise on this opportunity, public policy should focus on enhancing the tourism sector's infrastructure and services.</li></ul><h2>Upskilling for the future</h2>India's job market is on an exciting trajectory. But addressing the skills gap, adapting to technological advancements and promoting innovation is crucial. By upskilling the workforce through government and industry collaboration, India can become a high-value partner in areas like cybersecurity and enterprise management. <div type="Article" hostid="261" msid="111923191" title="Economic Survey 2024 – industries grow by 9.5%, fueling economic growth to 8.2%" mstype="2" mssubtype="0"></div>

Economic Survey 2023-2024 highlights emerging job trends in AI, Cybersecurity, 3D Printing and Web Development

<ul><li>India's real GDP grew at around 8.2% in real terms in Fy24: Economic Survey </li><li>Retail inflation dipped to 5.4% in FY24, notes Economic Survey</li><li>Unemployment dipped to 3.2% in FY24</li></ul><keyword id="19912360" type="General" weightage="20" keywordseo="Finance-Minister-Nirmala-Sitharaman" source="keywords">Finance Minister Nirmala Sitharaman</keyword> is set to present the union budget on 23rd July, at 11 am. The budget session is scheduled to last between 22nd July and 12th August. This will be <keyword id="19956941" type="General" weightage="20" keywordseo="FM-Sitharaman" source="keywords">FM Sitharaman</keyword>'s seventh consecutive budget presentation under the third term of <keyword id="20205025" type="General" weightage="20" keywordseo="Bhartiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bhartiya Janata Party" meta.hostid="261" meta.entityid="Bhartiya Janata Party">Bhartiya Janata Party</keyword> (BJP). All budget-related documents will be available at indiabudget.gov.in. You can watch the presentation live on Doordarshan, Sansad TV, and also on various official government YouTube channels. With this budget, Sitharaman will only precede former PM <keyword id="20342248" type="General" weightage="20" keywordseo="Morarji-Desai" source="keywords">Morarji Desai</keyword>, who has presented the highest number of budget (10) till date, followed by <keyword id="22330828" type="General" weightage="20" keywordseo="P-Chidambaram" source="keywords">P. Chidambaram</keyword> with 9 budgets, and Pranab Mukherjee, who has 8 budgets to his credit. In her recent address in parliament, Sitharaman noted that significant social and economic decisions will be a highlight of this budget. Notably, she concluded <keyword id="901788" type="General" weightage="20" keywordseo="pre-budget-consultations" source="Orion">pre-budget consultations</keyword>, which began on June 19th, on July 5th, where she met 20 invitees across 10 groups, including representatives from agriculture, skill development, finance and banking, energy, <keyword id="17408" type="General" weightage="20" keywordseo="Infrastructure" source="Orion">infrastructure</keyword> sector and more. <h2>Key expectations from Budget 2024</h2>Experts note that this budget will mainly focus on improving consumption, and boosting <keyword id="174143" type="General" weightage="20" keywordseo="infrastructure-development" source="Orion">infrastructure development</keyword>. Per reports, the government is also mulling raising the threshold of standard deduction under income tax regimes from the present Rs 50,000 to Rs 1 lakh. Additionally, to boost healthcare accessibility for the underserved in the country, the government is also contemplating to double the annual coverage offered under the <keyword id="20097876" type="General" weightage="20" keywordseo="Ayushman-Bharat-health-insurance-scheme" source="keywords">Ayushman Bharat health insurance scheme</keyword> from the present Rs 5 lakh to Rs 10 lakh over the next 3 years, along with also covering individuals aged over 70. Mr. Tashwinder Singh, CEO &amp; MD, Niyogin Fintech Limited, which offers credit to MSMEs, noted that upcoming regulatory changes should focus on simplifying compliance, taxation policies that encourage entrepreneurship, and incentivise innovations that drive R&amp;D investments. "We hope that the government takes measures to support the lending industry through access to capital and affordable interest rates, enabling entrepreneurs to realize their vision. Furthermore, we look forward to relaxed norms for NBFCs, allowing them to contribute more substantially to the economy. These measures will collectively propel India's economic growth, boost job creation, and position the Indian fintech industry as a strong contender in innovation and entrepreneurship", he continues. As for bolstering green infrastructure and clean energy production, Ms Aditi Balbir, Co-founder, EcoRatings notes that the 2024 union budget should prioritize investments in sustainable infrastructure projects and clean energy solutions, as 70% of greenhouse gas emissions stem from energy, industry, and buildings. "This will create a future-proof foundation for economic growth and help in achieving net-zero targets. Infrastructure is crucial in addressing climate change and meeting diverse societal needs. A transformative overhaul of our current and future infrastructure assets is essential. The budget should introduce financial incentives, such as lower interest rates on loans and dedicated grants, for companies committed to ESG compliance. This will create a clear link between sustainability efforts and economic benefits", she continued. <h2>Focus on Agri-credit, Real Estate in Budget 2024</h2>The government could also raise the target for agricultural loans disbursed during the year by up to 25%, setting the target at Rs 25 lakh crore. The government will also have to revamp the MSP (minimum support price) system in this space, focusing on challenges such as narrow coverage, dipping export competitiveness, discouraging private investment in this space and more. Another area that demands significant attention is real estate. Shubhi Jain, Principal Partner &amp; Head of CRM, Square Yards anticipates significant reforms in the upcoming budget under the new government. Securing industry status will unlock a plethora of legal and administrative benefits, along with much-needed tax incentives. "Also, while government’s focus on affordable housing under PMAY is commendable, recalibrating strategies in light of escalating construction costs is imperative for sustained inclusiveness and effectiveness. Moreover, enhanced tax reliefs and increased deductions on home loans, currently capped at INR 2 lakhs, are pivotal in stimulating demand and supporting prospective buyers", she says. <div type="Article" hostid="261" msid="111946291" title="Union Budget 2024-25 key highlights: Assistance for Nalanda's development as a tourist center" mstype="2" mssubtype="0"></div><h2>Short-term outlook positive, notes Economic Survey </h2>FM Sitharaman presented the Economic Survey 2023-24 in the parliament today, ahead of the budget. The survey noted that the Indian economy had managed to recover and expand in an orderly fashion post the pandemic, with the real GDP growing by 8.2% in FY24. Going ahead, prospects for continued strong growth in FY25 remain robust. India also managed to bring down its current account deficit (0.7% of GDP in FY24), while projecting a 7%+ growth rate in the medium term. On the employment front, the survey noted that AI might moderate India's services export growth by as much as 0.3 to 0.4 percentage points annually over the course of the next decade. As such, greater emphasis and focus is needed on areas like blockchain, artificial intelligence (AI), machine learning, Internet of Things, cybersecurity, cloud computing, big data analytics, augmented reality, virtual reality, 3D printing, and web and mobile development. The Indian labour market indicators have significantly improved over the past 6 years, with unemployment rates dipping to 3.2% in 2022-23. However, even as net payroll additions to EPFO have doubled over the last 5 years, signaling a healthy formal employment market, job creation and increasing women participation in workforce remain key areas of concern. For all updates and latest information related to the budget, don't forget to follow <a href="https://www.businessinsider.in/budget" data-type="tilCustomLink" target="_blank">Budget Insider</a>! SEE ALSO: <a href="https://www.businessinsider.in/budget/news/union-budget-2024-live-updates-finance-minister-nirmala-sitharaman-key-announcements-23-july/liveblog/111942008.cms" data-type="tilCustomLink" target="_blank">Union Budget 2024 Live Updates: FM Sitharaman announces internships for 10 million youth in 500 top companies</a> <a href="https://www.businessinsider.in/budget/news/loan-limit-under-mudra-scheme-to-be-doubled-to-20-lakh-sitharaman/articleshow/111950024.cms" data-type="tilCustomLink" target="_blank">Loan limit under MUDRA scheme to be doubled to ₹20 lakh: Sitharaman</a>

Union Budget 2024: When will it be presented, what time, where to watch and what are various sectors expecting?

<ul class="summary-list"><li>A Swedish union says it will stop collecting trash from Tesla's workshops amid ongoing strikes.</li><li>It's the latest escalation in the company's battle with Swedish unions.</li></ul>Elon Musk's Scandinavian union headache keeps getting worse.Tesla is now facing the unpleasant prospect of overflowing trash cans after Sweden's Transport Workers Union said it would stop collecting trash from the company's workshops in solidarity with striking workers, according to <a target="_blank" href="https://www.reuters.com/business/autos-transportation/swedish-labour-union-stop-collecting-tesla-waste-sweden-2023-12-13/">a report from Reuters</a>.The move marks a further escalation of the US automaker's <a target="_blank" href="https://www.businessinsider.com/elon-musk-called-tesla-sweden-strike-insane-now-its-spreading-to-denmark-2023-12">ongoing battle with Swedish unions</a>.At the end of October, mechanics in the Swedish union <a target="_blank" rel="" href="https://www.businessinsider.com/elon-musk-who-hates-unions-facing-strike-tesla-workers-sweden-2023-11">IF Metall walked out</a> to secure a collective labor agreement. This is a <a target="_blank" href="https://www.nytimes.com/2023/11/05/business/economy/tesla-sweden-unions.html">common arrangement in Scandinavian countries</a> that would allow unions to negotiate with Tesla over wages and working conditions.Other industries have joined the strike in support, with dockworkers <a target="_blank" href="https://www.businessinsider.com/teslas-problems-sweden-getting-worse-dockworkers-join-strikes-2023-11">refusing to unload the company's electric cars</a> and electricians <a target="_blank" href="https://www.nytimes.com/2023/11/17/business/tesla-sweden-strikes.html">stopping maintenance work</a> on Tesla charging stations.The Transport Workers Union is just the latest to throw its weight behind the strike, with union officials saying workers will stop collecting the company's waste on December 24 unless Tesla signs a collective bargaining agreement."This type of sympathy action is very rare. We are using it now to protect the Swedish collective agreements and the safety of the Swedish labor market model," Tommy Wreeth, head of the transport union, told Reuters. Tesla faces growing strike action across Scandinavia, with unions in <a target="_blank" href="https://www.businessinsider.com/tesla-loses-legal-challenge-against-swedish-union-blockades-escalate-2023-12">Denmark, Norway, and Finland</a> backing the strike and pledging not to unload or transport Teslas bound for the Swedish market.The strike has also seen postal workers in Sweden refuse to deliver Tesla license plates, a move Elon Musk called <a target="_blank" href="https://twitter.com/elonmusk/status/1727564977869844865?s=20">"insane"</a> in a post on X.Tesla sued the Swedish Transport Agency to try and restart deliveries, but a Swedish court <a target="_blank" href="https://www.businessinsider.com/tesla-loses-legal-challenge-against-swedish-union-blockades-escalate-2023-12">rejected the company's suit in a decision last week.</a>The escalating wave of union action is a serious headache for Musk, who has been a longtime critic of organized labor.The billionaire told The New York Times' Dealbook conference that he <a target="_blank" href="https://www.cnbc.com/2023/11/29/elon-musk-to-advertisers-who-are-trying-to-blackmail-him-go-f----yourself.html">disagreed with the idea of unions</a>, saying they create a "lords and peasants" atmosphere that pits workers against their companies.Tesla has firmly opposed any attempts by its US workers to unionize, with the National Labour Board ruling in 2021 that the company had <a target="_blank" href="https://www.businessinsider.com/elon-musk-tesla-nlrb-labor-law-violations-tweet-retalition-rehire-2021-3">repeatedly violated labor laws</a> by preventing employees from organizing.Tesla did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

A Swedish union says it'll stop collecting trash from Tesla's workshops to show solidarity for striking workers

<ul><li>The <keyword id="14332503" type="General" weightage="20" keywordseo="new-labor-codes" source="Orion">new labor codes</keyword> are expected to be implemented tomorrow, July 1.</li><li>New labor laws will bring a lot of changes in the working culture.</li><li>While the central government plans to implement these new laws by July 1, many states are still yet to ratify the laws.</li></ul>The new labor codes on wages, social security, industrial relations, and occupation safety, health, and working conditions are expected to be effective tomorrow, July 1. And there could be a lot of changes in the salary restructure, provident fund and gratuity, working hours, and leaves. While the central government plans to implement these new laws by July 1, many states are still yet to ratify the laws. Only 23 states and union territories (UTs) have released the draft guidelines under the Code on Wages, according to Rameshwar Teli, Minister of State for Labour and Employment. <cmsannotation type="cmsannotation" annotationid="Four days week with 12 hours shift" comment="subhead" text="Four days week with 12 hours shift"><keyword id="8533668" type="General" weightage="20" keywordseo="Four-days-week" source="Orion">Four days week</keyword> with 12 hours shift</cmsannotation> The new laws will allow companies to have four days working instead of five or six. However, four days doesn’t mean fewer working hours. Employees will have to work for 12 hours a day instead of 8 hours to compensate for the third leave in a week. However, this also doesn’t mean a cut in paid holidays. Four-day work week would mean three paid holidays <cmsannotation type="cmsannotation" annotationid="New exiting polices" comment="subhead" text="New exiting polices">New exiting polices</cmsannotation> According to the new labor codes, companies will have to pay full and clear all pending wages and salaries within the two days of employees’ last working day as per their respective resignation date, dismissal, and removal from employment. Currently, companies pay out or complete their employees' dues in 45 to 60 days from the employee’s last working day. In some cases, companies take 90 days to clear the dues. <cmsannotation type="cmsannotation" annotationid="Work from home" comment="subhead" text="Work from home">Work from home</cmsannotation> Remote working became the new working culture during the covid-19 pandemic, and now employees want this trend to continue. The new labor laws are drafted to help the employees maintain their work-life balance. <cmsannotation type="cmsannotation" annotationid="Take-home salary, provident funds, and gratuity" comment="subhead" text="Take-home salary, provident funds, and gratuity">Take-home salary, provident funds, and gratuity</cmsannotation> The take-home salary for every month will change significantly because the basic salary will be at least 50% of the gross monthly salary, as per the new wage codes. This also means that there will be a substantial rise in gratuity and PF contribution of the employee. <cmsannotation type="cmsannotation" annotationid="Leaves" comment="subhead" text="Leaves">Leaves</cmsannotation> The most significant changes will reflect in the number of paid leaves. Usually, an employee in a government office gets 30 days a year. In addition, employees can cash upto 300 holidays on carrying forward; however, the new laws are demanding to increase this number to 450. Presently, there are 240 to 300 holidays in different departments. Employees can take these holidays in cash only after 20 years of service. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/in-india-it-could-be-a-funding-autumn-not-winter-with-active-funds-are-still-closing-big-deals/articleshow/92570964.cms">In India, it could be a funding autumn not winter with active funds are still closing big deals</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/a-cred-like-platform-is-what-indian-ott-users-want-to-juggle-multiple-subscriptions/articleshow/92570894.cms">A CRED-like platform is what Indian OTT users want to juggle multiple subscriptions</a>

Four-days work week, full and final settlement within 2 days of exit — new changes at workplaces to reflect from July 1

In a major development, the <keyword id="64630" type="General" weightage="20" keywordseo="Indian-Commercial-Pilots-Association" source="Orion">Indian Commercial Pilots Association</keyword> (ICPA) and the <keyword id="64606" type="General" weightage="20" keywordseo="Indian-Pilots-Guild" source="Orion">Indian Pilots Guild</keyword> (IPG) of <keyword id="2573" type="General" weightage="20" keywordseo="air-india" source="Orion">Air India</keyword> have rejected the new pay structure proposed by the airline. The primary bone of contention is the reduction in flying allowance from 70 hours to 40 hours every month under the new structure, which the pilots believe is unfair. The two unions have warned of possible 'industrial unrest' if the management goes ahead with the new terms without their consent. While Air India has stated that it will "continue to engage with the remainder of its staff", the airline has taken a tough stance on the issue, saying that there are "no recognised unions in Air India". This is the first wage revision offered by the Tata group-owned Air India since its takeover last year, and it will affect all 3,000 pilots across its four airlines - Air India, <keyword id="6378232" type="General" weightage="20" keywordseo="Air-India-Express" source="Orion">Air India Express</keyword>, <keyword id="1625599" type="General" weightage="20" keywordseo="Air-Asia-India" source="Orion">Air Asia India</keyword>, and <keyword id="2467342" type="General" weightage="20" keywordseo="Vistara" source="Orion">Vistara</keyword>. The pilots' unions have instructed their members to reject the new employment conditions and wage structure offered by the management. An agreement has been put in place for the employees to sign by April 25, but the two unions have stated that they will contest the terms and conditions, with their pilots refusing to sign the revised employment and compensation terms. The two unions have warned of potential industrial unrest if the company takes any coercive or victimising action against their members. In a joint statement, the unions stated that the company reiterated that "all previous understandings, representations and agreements of whatever nature that have been entered into with us are null &amp; void and that the company further has the right to change any terms and conditions". "The term cost to the company for an assumed flying of 70 hrs is deliberately misleading and creates an impression of a generous compensation and accompanying benefits package. The actual guaranteed money being offered is only for 40 hrs. Effectively, any time a pilot is on leave or is unavailable due to recurrent training requirements or document/licence renewals, not to mention any sick leave, there is an automatic pay cut involved," the statement read. "The so-called rationalisations of allowances is not in line with any industry practices as projected by HR. Further, blanket consent is sought for any leave or insurance policy that the company may come up with &amp; which is subject to amendment or outright withdrawal. "Suffice it to say that this is not an all-inclusive list but merely a selection of some of the most outlandish and labour-hostile provisions that we have come across to date. This is dishonourable and how the management is trying to force it down the employees' throats is outright unethical," it added. "Nor has the blatant attack on our rights as workmen to bargain collectively or seek legal redressal for any injustice or victimisation gone unnoticed. Where is the company requirement all of a sudden to forcibly promote almost all the permanent workmen of the union to the so-called Senior Commander management cadre? It is clear from all this that there is a concerted effort to gut the unions and isolate pilots into individual boxes where they can be exploited and victimised at will by the HR department," the statement said. Meanwhile, Air India's spokesperson has defended the new compensation structure, which includes parity among different groups, recognition of managerial and supervisory roles for experienced pilots, and individual contracts sent to pilots and cabin crew for necessary paperwork. "The managerial and supervisory role played by the experienced pilots is also being recognised in the form of designating them as Senior Commander as also offering them a special monthly allowance. The contracts reflecting these enhancements were individually sent to the pilots and cabin crew for necessary paperwork," said the spokesperson. The spokesperson also claimed that a large number of pilots and cabin crew have already accepted the new contracts, and the salary improvements and advancement opportunities they enable. "The airline will continue to engage with the remainder of its staff through this process as currently there is no recognised union in Air India," the spokesperson said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/rils-q4-to-be-driven-by-sustained-momentum-in-retail-business-o2c-to-see-modest-growth/articleshow/99629278.cms">RIL’s Q4 to be driven by sustained momentum in retail business, O2C to see modest growth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/condom-maker-mankind-pharmas-4326-crore-ipo-to-open-next-week-on-april-25/articleshow/99614288.cms">Condom maker Mankind Pharma’s ₹4,326 crore IPO to open next week on April 25</a>

Air India pilots' unions reject proposed pay structure, warn of industrial unrest

<ul><li>The strike has been called off following an agreement reached with the management of the companies.</li><li><keyword id="651724" type="General" weightage="80" keywordseo="clc" source="Orion">CLC</keyword> had further advised that the managements should consider the suggestions of the <keyword id="122605" type="General" weightage="80" keywordseo="associations" source="Orion">associations</keyword> positively.</li><li>The strike notice was given by Girish <keyword id="24716" type="General" weightage="80" keywordseo="khurana" source="Orion">Khurana</keyword>, National Convenor, JFTY protesting against the unilateral implementation of the EY recommendations.</li></ul> The unions in the government-owned general insurance companies and General Insurance Corporation of India Ltd (GIC Re) on Monday called off their January 4 strike, said an union leader. The strike has been called off following an agreement reached with the management of the companies at the conciliation meeting called by the Chief Labour Commissioner, Central. "Various arguments took place in the meeting from both sides and finally, the CLC advised the managements to give proper bilateral opportunity for discussion with the Associations within 15 days and take the suggestions," Trilok Singh, Convenor-North Zone, Joint Forum of Trade Unions and Association (JFTU), told IANS. He said the CLC had further advised that the managements should consider the suggestions of the associations positively. "Managements agreed to meet the Associations within 15 days for the same. In the light of these instructions from the CLC's office and the managements' decision, we have decided to defer the strike till further advices," Singh said. At the conciliation meeting, the management representative said since 2016 it has been a matter of existence for the insurers. They said even after infusion of capital by the government, the companies are struggling to survive. The companies have to maintain solvency ratio and for that, they have to cost effective. The representative of the Department of Financial Services also maintained that the insurers have to improve their performance. The strike notice was given by Girish Khurana, National Convenor, JFTY protesting against the unilateral implementation of the EY recommendations on rejigging the five reinsurers. The CLC had called the Chairman-cum-Managing Directors of the five companies, Joint Secretary, Department of Financial Services, and Khurana for a conciliation meeting. The unions have been demanding the copy of the EY report for a long time. The management had given them a copy of the power point presentation made to them about the EY report. "Bullet points contained in <keyword id="6678164" type="General" weightage="50" keywordseo="ppt" source="Orion">PPT</keyword> (powerpoint presentation) reveal no details and we are unable to submit our view-points and suggestions in the matter," Khurana said in a letter to <keyword id="14574026" type="General" weightage="50" keywordseo="suchita-gupta" source="Orion">Suchita Gupta</keyword>, <keyword id="15951458" type="General" weightage="50" keywordseo="chairperson-gipsa" source="Orion">Chairperson GIPSA</keyword> and Chairman-cum-Managing Director, <keyword id="15951459" type="General" weightage="50" keywordseo="national-insurance-earlier" source="Orion">National Insurance earlier</keyword>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/delhiites-guzzle-over-1-crore-liquor-bottles-worth-218-crore-from-dec-24-31/articleshow/96698044.cms">Delhiites guzzle over 1 crore liquor bottles worth ₹218 crore from Dec 24-31</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/zomato-irctc-zee-entertainment-among-stocks-in-focus-on-tuesday/articleshow/96697684.cms">Sensex, Nifty50 likely to open in red amid weak global cues; Zomato, IRCTC, Zee Entertainment among stocks in focus</a>

PSU general insurance unions call off their Jan 4 strike

<ul class="summary-list"><li>A union said five workers at Apple stores in two states were fired illegally.</li><li>The Communications Workers of America union filed two Unfair Labor Practice charges.</li></ul>A union said five Apple retail workers in two states had been fired illegally and it was taking action against the company.The Communications Workers of America (CWA) filed two Unfair Labor Practice charges with the National Labor Relations Board on March 27, per a <a href="https://cwa-union.org/news/releases/apple-fires-workers-escalation-illegal-anti-union-intimidation-campaign" target="_blank" rel="noopener">press release</a>.In an email statement to Insider, the union said the workers at stores in Kansas City, Missouri and Houston, Texas were "fired and have faced intimidation on the job for exercising their right to organize." It was the first unfair labour practice charge filed by the CWA against Apple for alleged unlawful termination of workers for union organizing.D'lite Xiong, a former Apple retail worker in Kansas City, said: "Apple management said I was fired for a typo in my timesheet that I had documented and tried to correct. Yet, it is clear the real reason I was fired was for exercising my right to organize and win a protected voice on the job."Xiong added: "Apple then attempted to silence me by having me sign a release in order to receive my severance package. No one working at Apple should be interrogated, intimidated, or silenced for trying to organize and win our fair share."The CWA said the iPhone maker had chosen the "low road" since some retail workers began organizing last year, with workers at several stores experiencing similar issues.The charges, seen by Insider, alleged that management at the Memorial City store in Houston questioned some workers individually about their support of their union, "promised improved working conditions if they declined to support the union, and threatened with worsening workplace conditions if they continued to organize."The CWA also said workers were disciplined for supporting the union, per the press release."It is clear that Apple's senior management team does not respect their workers' legally protected right to organize and negotiate for better pay and working conditions," said Claude Cummings Jr., a CWA vice-president."Apple has chosen to continue to break the law, so we will continue to hold the company accountable because no corporation is above the law. Apple's attempt to interfere with worker organizing is only strengthening the resolve of workers to win a seat at the negotiating table," he added.It is unlawful for any companies to retaliate against workers for union activity, <a href="https://www.nlrb.gov/about-nlrb/rights-we-protect/the-law/discriminating-against-employees-because-of-their-union" target="_blank" rel="noopener">according to the NLRB</a>. Apple didn't respond to requests for comment from Insider.

A union said 5 Apple Store workers were fired illegally for trying to organize

<ul class="summary-list"><li>Exclusive: <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> Prime Minister Boris Johnson's government is coming under more pressure to reveal details of its <keyword id="6355333" type="UNKNOWN" weightage="60" keywordseo="Brexit">Brexit</keyword> plan.</li><li>The <keyword id="6356897" type="ORGANIZATION" weightage="60" keywordseo="labour">Labour</keyword> Party has written to <keyword id="6379636" type="PERSON" weightage="60" keywordseo="michael-gove">Michael Gove</keyword> urging him to answer several questions about how Britain's borders will work when the UK leaves EU trading rules at the end of the year.</li><li>Business Insider has obtained a copy of the letter, which you can read below.</li><li>Work is underway to build a new customs clearance site in Kent, England, that will process new checks as of 2021.</li><li>Labour's Rachel Reeves told Gove that businesses are concerned about costly new red tape, while people living in Kent are worried about pollution and traffic.</li></ul>The Labour Party has written to UK Prime Minister Boris Johnson's government demanding clarity over the work it is doing to prepare Britain's borders for leaving the <keyword id="6355110" type="DEFINITION" weightage="60" keywordseo="european-union">European Union</keyword>'s trading rules at the end of the year.Rachel Reeves, the Shadow Chancellor of the Duchy of Lancaster, has urged Michael Gove, Chancellor of the Duchy of Lancaster, to provide businesses and communities with details of how Brexit will impact them as soon as possible.Reeves wrote to Gove after visiting Ashford, Kent, on Thursday, where work is underway to build one of the many new customs clearance sites that will process new checks on goods being transported to and from the EU as of 2021.UK government officials currently expect to build between 10 and 12 new sites in total across the country, in anticipation of significant new bureaucracy.The government estimates that there will be over 400 million additional customs checks a year on goods going to and from the EU as of 2021.Writing to Gove on Friday after her visit to Kent, Reeves raised several questions about the infrastructure being developed on the 27-acre stretch of land, as well as sites being built elsewhere in preparation for Brexit."As you will surely be aware, there is a great deal of concern among residents and businesses in Kent about the implications of our new customs arrangements after 31st December," Reeves said."I have heard from businesses that are hugely worried about the extra costs and red tape that will be introduced, and residents concerned about the noise, air pollution, and general disruption to their local area.""With just five months until the end of the transition period, businesses across the country urgently need clarity," she said."But just as importantly, there are communities up and down the UK that will want reassurance that they will not face a great deal of disruption as a result of these arrangements, without prior warning."In her letter, Reeve urged Gove to provide details of what the new customs clearance centre will mean for Ashford and the surrounding area, like how many lorries are expected to drive through the site and the hours it will be open.She asked what work the government has done to assess the effects the new site could have in regards to noise and air pollution, and whether ministers are considering compensating residents for a rise in pollution and traffic in their area.Reeves also asked Gove to provide details of several new customs clearence centres being built elsewhere in Kent and across the country in preparation for leaving the EU's single market and customs union at the end of the year.Business Insider has asked the UK government for comment.<div type="image" title="Dover Brexit" height="600" width="1200" msid="77287317" hostid="261"></div>British businesses are bracing themselves for an array of new checks and processes on goods going to and from the EU, the UK's biggest trading partner, from January 2021. Johnson's government and the EU hope to mitigate at least some of the impact by negotiating a free trade agreement by the end of the year. However, the two sides are yet to make a breakthrough after months of negotiations.Business Insider earlier this month <a href="https://www.businessinsider.com/leaked-liz-truss-letter-boris-johnson-brexit-border-plans-concerns-risks-2020-7?r=US&amp;IR=TIR=T" target="_blank" rel="noopener">obtained a copy of a letter</a> sent by Trade Secretary Liz Truss to Gove and Rishi Sunak, the Chancellor of the Exchequer, expressing "four key areas of concern" about the government's efforts to make sure British borders are ready for January 2021.In the leaked letter, Truss raised fears that new border arrangements with the EU would not be ready in time.She set out her concern that UK ports will not be ready to carry out full import checks when they come into effect in July next year and warned that some ports could be vulnerable to smuggling as of January.Truss also suggested that the UK government's planned system for applying UK and EU tariffs in Northern Ireland was not set to be ready for when it is needed in January.There was concern among business groups in Northern Ireland this week that firms in the region will not have enough time to prepare for changes in how they trade both with the EU and the rest of the UK.The UK government has promised to publish a full border operating model to give Northern Irish businesses the information they need to prepare. However, this is not set to be published until the autumn — potentially just weeks before the UK leaves the Brexit transition period at the end of December.<h2>Here's Labour's letter to the government:</h2>Dear Michael,Today I visited the site of the government's planned lorry park/customs centre in Ashford. As you will surely be aware, there is a great deal of concern among residents and businesses in Kent about the implications of our new customs arrangements after 31st December. I have heard from businesses that are hugely worried about the extra costs and red tape that will be introduced, and residents concerned about the noise, air pollution, and general disruption to their local area. With just five months until the end of the transition period, businesses across the country urgently need clarity. But just as importantly, there are communities up and down the UK that will want reassurance that they will not face a great deal of disruption as a result of these arrangements, without prior warning.I would appreciate if you could offer an answer at the soonest possible convenience to some of these questions, which would provide much needed clarity for communities and businesses across Kent and beyond: · What assessment has been made by the government of potential implications in terms of noise and air quality in the local area, of both this site and any other potential sites?· Has a Special Development Order been obtained in relation to this site, and will it be?· Has an environmental impact assessment been completed for the government's plans for the Ashford site?· What provision has been made for local area funding to offset any potential costs associated with the Ashford site and any others?· Has any consideration been given to compensation to residents affected by air quality, noise and/or traffic?· What are the anticipated hours of operation for the Ashford site after 31st December?· Should this site or any other be used as a lorry park for vehicles awaiting customs checks, how many lorries should be expected to go in and out of that site in the course of a day?· Is this site intended for lorries going from the UK into the EU, for those going from the EU into the UK, or both?· What other sites are under consideration to house customs and border infrastructure after 31stDecember?· Will the government take feedback from local people on this site, and engage with local people in Kent and elsewhere in advance of announcing any further sites?· Can the government confirm what plans it has for any infrastructure to be constructed across the rest of Kent?· What plans are in place to deal with potential disruption to residents and businesses in Kent and the south-east of England associated with delays and queues at the border?· Will there be similar sites located in other parts of the country too? Will similar facilities be needed near other ports – and if so, which ports? Have sites been chosen or assessed for that purpose in these locations?I will look forward to your response on these important issues.Best wishes,Rachel

Labour says Boris Johnson's government must answer 'urgent' questions about its Brexit border plans, saying time is running out for businesses to prepare

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