National Employment Policy this year

What is in News?

The Centre will frame a new sector-wise National Employment Policy in this financial year even as it grapples with low employment generation

When?

New National Employment Policy will be out in the next five-six months after holding consultations with various ministries, including micro, small and medium enterprises, heavy industries, electronics and information technology, health, education, textiles and more importantly, commerce

Thrust areas:

Policy’s thrust would be to ensure a transition from informal to formal jobs takes place in the country

Jobs have come down temporarily. Employment is falling on a global level but in India, it has been marginal

Job creation is taking place in the informal sector, which needs to be brought into the formal fold

Need for this policy:

The pace of job creation fell to a six-year low in 2015 with 1.35 lakh new jobs being created compared with 4.21 lakh new jobs in 2014 and 4.19 lakh in 2013, according to a quarterly survey of industries conducted by Labour Bureau

Another survey – Fifth Annual Employment-Unemployment Survey – of households conducted by Labour Bureau showed unemployment rate rising to a five-year high of 5% in 2015-16 compared with 4.9% in 2013-14 and 4.7% in 2012-13

Reasons Behind Fall in Employment:

The Labour and Employment minister blamed the recent job cuts in the IT sector to U.S. President Donald Trump’s executive order issued last month to review the H1-B visa program, which aims at tightening visa norms for skilled workers and technology shifts

Secondly, the whole industry is going ahead with automation as a result of which the manpower requirement is going down

Facing the reality:

Executive search firm Head Hunters India said in a report on May 14 that IT sector will go for 1.75 lakh-2 lakh annual job cuts in the next three years due to “under-preparedness in adapting to new technologies.”

Companies are going ahead with automation and job shifts are happening

Nobody had imagined this sea change which should have been thought of ten years back

There should have been a vision. For instance, what will happen to the job market in 20 years? That vision was lacking and there was policy paralysis

About Labour Bureau:

The Labour Bureau is an attached office of Ministry of Labour & Employment

Labour Bureau is responsible for collection and publication of statistics and related information on wages, earnings, productivity, absenteeism, labour turnover, industrial relations, working and living conditions and evaluation of working of various labour enactments etc.

It is a storehouse of important economic indicators like Consumer Price Index Number for Industrial, Agricultural and Rural Labourers;

Wage rate indices and data on industrial relations, social economic conditions in the organized and unorganized sector of industry etc.

National Employment Policy in Brief:

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