Budget 2024: Labour Law Reforms Poised to Revolutionize HR and Job Opportunities.
Erekrut urges Budget 2024 to simplify labour laws and enhance talent development incentives, aiming to revolutionize the HR sector for professionals and job seekers alike.As Budget 2024 approaches, Erekrut emphasizes the urgent need for labour law reforms to transform the HR sector for both professionals and job seekers. The current labour laws are seen as cumbersome and rigid, hindering adaptability to modern work environments that favor flexibility and remote work. "The sector anticipates reforms that simplify these laws, making them more adaptable to today's workplace dynamics," notes Dr. Ravinder Goyal, Co-Founder of Erekrut HR Automation Solutions. Erekrut also highlights the necessity of refining Provident Fund (PF) and Employee State Insurance (ESI) schemes to reduce administrative challenges and enhance operational efficiency. Additionally, they advocate for enhanced tax incentives for employee training and development programs. "This would encourage companies to invest more in upskilling their workforce, aligning with the evolving skill demands of the digital economy," Dr. Goyal adds. In essence, Erekrut's pre-budget expectations focus on policies that reduce compliance complexity, foster talent development, and support startups through more inclusive and flexible fiscal incentives. These changes are crucial for creating a more dynamic and responsive HR landscape in India's rapidly evolving economic environment. To explore more about Erekrut's insights on transforming the HR sector, read the full stories featured on other websites
SME Futures
The Financial Express
Indian Televison