Before the Finance Minister Nirmala Sitharaman presents the Union Budget in the Parliament on February 1, 2021.
Here’s what the recruiters expect from Finance Minister Nirmala Sitharaman:
Ms Neha Bagaria, Founder, Jobsforher:
“We expect the Budget 2021-22 to ensure we create the talent pipeline required to service business needs in this new post-Covid world which has become increasingly digitized.
As the jobs of the future become increasingly tech-based, we need to ensure women are equal participants also.
The budget should accommodate for skilling programs for women to upskill themselves in the latest technologies which further helps them contribute to the country’s GDP.
Also, the pandemic has seen a huge increase in flexible & contract workers who will need inclusive policies, perks, and benefits so that we can benefit from the wide talent of women who are seeking flexibility with arrangements.”
Mr. Jatin Jakharia, Co-Founder & CFO, WorkIndia- India:
“Since 98% of our employer base is SME, we have closely witnessed the economic activity among SMEs. Hiring is 70% of pre-covid levels, implying SMEs haven’t been able to still recover.
SMEs are the heart of India; Govt can do more to provide more relief so that economic activity among the SMEs increases, which leads to more job creation and which in turn leads to more hiring in the blue collared segment (almost 23.7 cr in India).”
Narayan Mahadevan, Founder of BridgeLabz:
With the new Modi government coming in and this being the first Budget on Modi 2.0, it is important that the government sets a precedent by focussing on further increasing support for upskilling and reskilling of the youth. This is even more important this year in the aftermath of the COVID19.
The government should also provide support to various startups and firms that are currently engaged in helping the Indian youth become employable and face the challenges that technology would bring in the future.
Special focus and support for organisations which create an employable pool with experiential learning and industry based live mentorship is imperative so that the ecosystem gap is reduced. We expect the Government of India to work towards Education Policies, and help incremental changes within the engineering and IT sector by supporting organisations to bring about this change.