explain the changing pattern of skill structure of labour force of India?
Answers
Answer:
Changing pattern of skill structure of labour force in India has been briefly explained here below.
Explanation:
When looking at the past trend it is certain that the way companies hire labours today has changed a lot. Today, organizations and industries are trying to upgrade the unskilled and skilled labor as per their own requirement.
So, presently companies are just not interested in employing labors that are not productive. With increasing economy, most companies find it more expensive to hire unskilled labor and then offer them with in house training.
In order to make their hiring process more economical, it is obvious that industries try and look around for labors who are already holding some level of experience in the relevant field.
The new trend is that even in country like India, companies are more interested in hiring labors who are highly skilled and experienced. Hiring qualified labors certainly does ensure these companies that the labor will be more productive. This trend has been in practice since the regression period.
Answer:
During the post liberalization period, slow progression of employment has been a magnificent feature of economic change in India. The benefits of economic growth have mount up differently across various classes which further results in a quick increase in economic inequalities. During this period, the average employment growth has been low and the uneven pattern of has given a rise to considerable changes in the employment structure.