Bengaluru : Pre-budget expectations from HR & Staffing industry, Puneet Arora, Managing Partner, Biz Staffing Comrade Pvt Ltd, a renowned name in the HR realm, providing a wide range of recruitment and selection services to diverse companies said, We expect measures from the upcoming Budget 2024, mostly about employee welfare and taxation, the employment process, formal job creation opportunities, reducing compliance complexity, roll out of labour codes making them more adaptable to the modern workplace and addressing the skill-gap challenge in the country. The staffing industry plays a critical role in opening up employment opportunities, helping the organisation to build their business, developing a talent pipeline and thus fuelling economic growth. Hence this industry deserves to be given an industry status. The HR landscape has also witnessed profound transformations in recent years from being a standalone function to becoming a strategic business partner. There has been a fundamental shift in repositioning HR to drive business transformations and it will strengthen its hold in the near future as well.
He also stated that, As skilling in the new and emerging technologies becomes the need of the hour for various industries, we expect the Union Budget 2024 to allocate more funds into a structured and comprehensive skilling programme. With the employment landscape evolving quickly, bringing in fundamental changes to the skilling system are necessary. The financial outlay must increase to stay up with the rate of technological advancement and the people’s ability to learn new skills. Simultaneously, encouraging deductions for training courses will promote professional development and lifelong learning, enhancing individual career growth and overall workforce competitiveness.
In order to provide the same degree of flexibility to the core sectors as is accessible to the services sector, it is imperative that our labour laws be redrafted in line with the changing times. It is also crucial to take proactive measures to encourage women to re-enter or remain in the workforce as this will contribute to a more balanced professional landscape. While the government has been providing impetus towards job creation through several initiatives, it is important that the Union Budget 2024 lays a strong roadmap for economic growth and continues the momentum to create new job opportunities across sectors.
