Labour, Jobs and Employment – Harmonization of labour laws, gender gap, unemployment, etc.

Govt links job creation sops to growth in company’s headcount

  1. Concern: Companies may let go of existing employees and hire replacements to avail of the incentives offered by the Govt
  2. Step taken: Govt has specified that companies will have to increase the headcount they had as of 31 March 2016 to qualify for the benefits in the current financial year
  3. Background: Govt is trying to incentivize employers for creating new jobs at a time when new jobs are scarce
  4. Stats: Some 12 million people enter the job market every year but employment hasn’t kept pace
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