This report is first ranking of Indian states based on a labour ecosystem index constructed using three variables of labour demand, labour supply and labour laws. It also examines the current state of our labour markets and makes the case for massive job creation to avoid an unemployment explosion (30% by 2020) that is neither inevitable nor desirable.

The quarterly TeamLease Employment Outlook Report is a forward looking tool for human resource policy and decision makers, reflecting business sentiment for hiring across cities and sectors. The report carries a snapshot of business hiring sentiment for the immediate next three months with survey and analysis being carried out in the preceding quarter.

The Employment Outlook Survey spans eight industry sectors and eight cities across India. The survey covers small, medium and large companies across these sectors, studies attrition and employment trends, and gleans information on hiring sentiments, all this covering different locations, hierarchical levels and functional areas.

The current edition of the Employment Outlook Report revisits and validates the forecasts made in the immediate past reports, with the help of an extensive secondary research exercise. In addition to this, we have set out to invite thoughts on hiring and talent retention from respondents that go beyond hiring and business sentiment inputs we usually solicit from them.

With the most critical drivers that influence hiring being tracked quarter on quarter, the Employment Outlook Report is the only one of its kind seeking to deliver high impact hiring decision support to its stakeholders – Business & HR heads, Senior Management as well as industry policy makers.

The report highlights interesting trends in terms of not only how compensation and benefits structures have evolved in India over last few decades but also how these vary from Industry to Industry ; how new age industry sectors differ from tradition industry sectors and what employees actually value.  The Age of Plain old salary increments is over and a radical compensation mix – comprising between 60% and 40% fixed-to-variable and between 38% and 85% intangible-to-tangible – is ushering in the Total Rewards era in India. As a critical component of Total Rewards, Flexi-benefits are fast gaining currency thanks to personalization, higher perceived value and better tax benefits. Sectors employing a bigger pool of mid-level professionals have a rationalized compensation and rewards structure, and hierarchical profiling shows up a sharp increase in variable pay higher up the hierarchy. While organizations are taking active measures to retain critical talent substantial mismatch between employee and employer expectations at both the talent acquisition and retention phases diminishes the economic value to both. Employers have an “attraction disconnects”, and “retention disconnect”; Employee carries liberal benefits expectations throughout the lifecycle and has substantially low satisfaction levels on compensation and benefits. 

EPFO has exempted the uploading of Scanned Copy of Pan Card for registration of Establishment through Circular Dated 8^th Jan 2018.

Via this Circular dated 8th January 2018, the EPFO has informed that the requirement of uploading the scanned copy of PAN card at the time of registration of establishment has been examined and online system has been put in place for verifying details of PAN directly from the Income Tax Department. Hence, it has been decided by the competent authority that there is no need to upload the scanned copy of PAN card at the time of registration of establishments. Information Services Division has already carried out necessary modifications in the software accordingly

AP Labour Department introduced FORM B (Combined Online Annual Return) under various Legislations and the same to furnished on or before 30^th June every year.

Filing of Form 5A.

ESI implementation for new areas in Kerala.

Punjab Contract Labour (Regulation and Abolition ) Amendment Rules, 2014.

ESI implementation for new areas in Tamil Nadu.

Employee Provident Fund.

Apprentice Protsahan Yojana

Apprenticeship (Second Amendment) Rules, 2014.

Central Rates of Wages Revised under Minimum Wages, Act 1948.

Rajasthan Rates of Wages Revised under Minimum Wages, Act 1948.

Uttar Pradesh Rates of Wages Revised under Minimum Wages, Act 1948.

Tamil Nadu VDA Revised under Minimum Wages, Act 1948.

Karnataka VDA Revised under Minimum Wages, Act 1948.

Punjab Shops and Commercial Establishment Act, 1958.

The Factories Act 1948, Maharashtra Shops Establishment Act 1948, and other Acts.

Revised rates of Minimum Wages for all Industries/ categories in Bihar