China to take multi-pronged measures to keep employment stable

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA NEWS AGENCY ‘SHINE’)

 

China to take multi-pronged measures to keep employment stable

Xinhua

China will take robust and multi-pronged measures to ensure that employment remains stable. The government will scale up support for flexible employment, boost job opportunities for people with disabilities, and tackle the stubborn issue of wage arrears affecting migrant workers with legal means.

A host of steps was decided upon at the State Council’s executive meeting on Wednesday chaired by Premier Li Keqiang.

Figures released by the National Bureau of Statistics last month showed that 11.93 million new urban jobs were created in first ten months this year, meeting the yearly target of 11 million ahead of schedule. The surveyed urban unemployment rate in October at the national level was 5.1 percent, down 0.1 percentage points over the previous month.

“We will face even greater risks and challenges next year. We must give higher priority to keeping employment stable as this is the key in ensuring that our economy does not slide out of the proper range,” Li said.

It was emphasized at the Wednesday’s meeting that local governments must fully appreciate the significance of stable employment. They are required to introduce more measures that support job creation, and promptly repeal unwarranted regulations that hinder flexible employment. More efforts will be made to catalyze business start-ups and innovation. The terms of guaranteed loans to micro and small start-ups will be eased. Jobs for the public good will be expanded in areas of weakness related to people’s lives.

The government will intensify support to businesses to keep their payrolls stable. The current policies of lowering the premiums of unemployment insurance and workplace injury compensation insurance, partial reimbursement of unemployment insurance contributions for employers who keep their payrolls, and subsidies for in-job vocational training will continue for another year.

“Employment is essential to people’s well-being. It is the wellspring of wealth and the foundation for social stability,” Li said. “Nothing big would go wrong next year if we could keep employment stable.”

The meeting required that the vocational upskilling program be fully implemented and vocational training for essential skills be enhanced. The employment safety net will be strengthened to help the unemployed living in difficulty meet their essential needs. For instance, those who have not found full-time jobs yet are no longer eligible for the allowance of flexible employment insurance will be able to stay on this benefit for another year.

To better leverage the Employment Security Fund for Disabled People to boost their employment, it was decided at the meeting to improve the fund’s collecting methods and incentivize more employers to raise the percentage of disabled people on their payrolls. The job needs of disabled people as well as vocational training and employment services will be prioritized in the use of the fund to help people with disabilities land higher quality jobs.

“We must take multi-pronged steps to keep existing jobs and add new ones, and introduce measures that boost job creation as quickly as possible. This year, thanks to the reform in transforming government functions and our mass entrepreneurship initiative, an average of nearly 20,000 businesses are newly registered every day. This has greatly eased the employment pressure,” Li said.

It was underlined at the meeting that migrant workers have made significant and unique contributions to the country’s development. They should be remunerated in full and on time for their hard work. Legal means are needed to promote the fundamental resolution of the wage arrears these people face.

Those at the Wednesday’s meeting also adopted a new regulation on ensuring wage payments to migrant workers to resolve the problem of wage arrears faced by these people with legal means.

The regulation clearly defines the primary responsibility of employers, the responsibility of local governments and the responsibility of regulatory authorities. It stipulates that wages of migrant workers must be paid in full and on time.

According to the new regulation, no construction will begin and no building permit be issued if the funding requirements of the project are not met. And a blacklist of employers who delay paying up the migrant workers will be set up.

The meeting urged local governments to take the wage arrears in government-invested projects as the top priority. Governments at all levels, state-owned enterprises and government-affiliated institutions must incur no new wage arrears under any reason.

“We must ensure that the essential needs of the unemployed people are met, and fully protect the rights of people with disabilities and migrant workers,” Li urged.

5 largest employers in the world

(THIS ARTICLE IS COURTESY OF TRIVIA GENIUS)

 

5 largest employers in the world

Unless you’re a trust fund baby, you probably work for a living. We go to a place of business on specific days and earn a wage so that we can afford to live. In the United States, many people are employed by small businesses, which according to the U.S. Small Business Administration, can range from a staff of one to as many as 1,500 employees. But many firms employ an international workforce or have so many employees that they are considered some of the largest employers in the world. From smallest to largest, these are the five largest employers in the world according to the World Economic Forum.

5. China National Petroleum Corporation – 1.7 million employees

Credit: Piotr Swat / Shutterstock.com

Regardless of your feelings about oil discovery and production, it’s a major industry with activity around the world. You might think that a multinational company like Royal Dutch Shell or British Petroleum would make this list, but they don’t. China National Petroleum Corporation is a state-run organization that operates rigs and refineries in 30 countries around the world, even north of our border in Canada.

The organization employs roughly 1.7 million employees, making them the fifth largest employer worldwide. Additionally, they’re also the third largest incorporated energy production firm in the world that specializes in oil and gas. Not only do they explore for new deposits, but they also focus on refining and marketing their products beyond their home country.

4. McDonald’s – 1.7 million employees

Credit: Ratana21 / Shutterstock.com

Even if you’re not a big fast food fan, you’re familiar with the Golden Arches, Ronald McDonald and his wacky crew of friends, and iconic sandwiches like the Big Mac and Fillet ‘o Fish. McDonald’s makes the list as the fourth largest employer; they operate in over 100 countries and serve over 69 million customers. Between franchise and corporate employees combined, the eatery employs 1.7 million people. If you narrow the criteria to private companies, the burger chain rises higher as the second largest employer in the world.

3. Walmart – 2.1 million employees

Credit: Ken Wolter / Shutterstock.com

Depending on who you talk to, Walmart is either the savior of budget-focused families or the bane of small business owners. Either way, there’s no denying that the big box conglomerate is a major employer in the United States and abroad. Often, they replace positions lost when factories and manufacturers move production elsewhere. Because of this, they are the third largest employer in the world.

Walmart also beats out McDonald’s as the largest private employer in the world. The retailer isn’t limited to the United States: The family-owned firm also has subsidiary locations in the United Kingdom under the supermarket name Asda and South Africa as Massmart. Across all of its verticals, Walmart employs 2.1 million employees worldwide.

2. People’s Liberation Army of China – 2.35 million employees

Credit: Hung Chung Chih / Shutterstock.com

War is big business, which explains why the second runner-up and leader of this list are two major military operations. China holds the title for the largest population at 1.42 billion people. So, it makes sense that they have a fairly large army. The People’s Liberation Army employs 2.35 million active military personnel or 0.18% of the nation’s population.

Just like in the U.S., China’s army is segmented into branches: Support Force, Navy, Air Force, Ground Force, Rocket Force, and a reservist branch. While the U.S. still has the largest military force in the world, China is quickly ramping up its assets. The nation’s military is currently classified as the fastest growing military outfit in the world thanks to numerous technological advances.

1. United States Department of Defense – 3.2 million employees

Credit: Sergey Kohl / Shutterstock.co

We round out this list with the United States Department of Defense. At 3.2 million employees worldwide, they eclipse China’s army by nearly 1 million. However, the U.S.’s figure doesn’t just refer to active duty military and reservists of the Army, Navy, Marine Corps, Air Force, Coast Guard or National Guard. This also includes members employed by the other 38 critical agencies that fall under the Department of Defense.

So why does the Department of Defense have such a huge workforce? This is because the U.S. has the largest military budget in the world and eclipses any other nation in money allocated toward technological defense advancements.

The above list might be a big surprise if you were expecting only Fortune 500 firms. This top five list reflects the fact that China’s influence as a nation and economic force continues to grow while the U.S. is able to maintain a strong presence since more than half of the countries with the largest work forces are headquartered in the United States.

Saudi Arabia: Unemployment Declines to 12.3% in Q2

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

Saudi Arabia: Unemployment Declines to 12.3% in Q2

Friday, 13 September, 2019 – 10:45
Riyadh- Asharq Al-Awsat
The unemployment rate among Saudi Arabian citizens dropped to 12.3 percent in Q2 2019 compared to 12.5 percent in Q1, according to data from the Saudi General Authority for Statistics (GaStat).

Unemployment in the kingdom (citizens and residents) fell to 5.6 percent in the second quarter, compared to 6 percent in Q1 2019.

The economic reforms implemented within Saudi Vision 2030 have proven efficiency through the continuous drop of the unemployment rate in Saudi Arabia.

There has been an increase of 23.2 percent in the economic participation of Saudi women in the second quarter of 2019 compared to 20.5 percent in the previous quarter. The overall economic participation of Saudis reached 45 percent in the second quarter compared to 42.3 percent in the first quarter.

The decline is attributed to Saudi Vision 2030 programs aiming at boosting the involvement of citizens in the private sector and creating jobs in new fields of entertainment, cinema, and sports for women.

The Saudi government leads several government initiatives such as developing a specialized agency to empower women in the government sector through the Ministry of Civil Service, as well as the support provided by Saudi Vision 2030 programs for women such as eliminating social restrictions that limit them from taking part in the labor market.

The estimated total of Saudi job-seekers during the Q2 is one million. Yet, not all of them meet the unemployment standards known by the International Labor Organization.

The GASTA clarified job seekers as Saudi men and women registered in the government in search of a job through the Jadara and Saaed portals of the Ministry of Civil Service and the Taqat portal of Human Resources Development Fund.

The data was collected from the administrative records of the relevant authorities such as the Ministry of Labor and Social Development, Ministry of Civil Service, the General Organization for Social Insurance, the Human Resources Development Fund, and the National Information Center.

India: Center working on a plan to create 50,000 jobs in Jammu and Kashmir

(THIS ARTICLE IS COURTESY OF THE HINDUSTAN TIMES OF INDIA)

 

Center working on new plan to create 50,000 jobs in Jammu and Kashmir

The measures include a paramilitary and military recruitment drive in the two newly-formed Union territories and efforts to develop the food processing and dairy industries, an official aware of the details said on condition of anonymity.

INDIA Updated: Aug 27, 2019 23:42 IST

Sudhi Ranjan Sen
Sudhi Ranjan Sen

Hindustan Times, New Delhi
The Centre is set to announce a slew of development measures for Jammu and Kashmir and Ladakh soon to boost the local economies and generate employment, according to officials aware of the development.
The Center is set to announce a slew of development measures for Jammu and Kashmir and Ladakh soon to boost the local economies and generate employment, according to officials aware of the development. (AP Photo)

The Center is set to announce a slew of development measures for Jammu and Kashmir and Ladakh soon to boost the local economies and generate employment, according to officials aware of the development.

The measures include a paramilitary and military recruitment drive in the two newly-formed Union territories and efforts to develop the food processing and dairy industries, an official aware of the details said on condition of anonymity. The government is considering recruiting as many as 50,000 young people for the paramilitary forces from Jammu and Kashmir and Ladakh.

Union home secretary Ajay Bhalla on Tuesday held a high-level inter-ministerial meeting to discuss the measures to be rolled out. “A meeting was held with various departments to access the implementation of central schemes in Jammu and Kashmir and initiatives to be taken to expedite the return of normalcy,” a home ministry spokesperson said without giving details.

The Center stripped Jammu and Kashmir of its special status and divided it into two Union territories earlier this month. Restrictions were imposed on people’s movement and telecom connectivity was suspended as a pre-preemptive measure to prevent unrest and protests against the move.

The government has said that curbs are being removed in a phased manner. High schools in areas unlikely to witness agitations will be opened from Wednesday, the Jammu and Kashmir administration said.

Officials said the proposed development measures will be presented before the Union cabinet soon. The measures to be announced are primarily aimed at achieving fast-paced development, helping the young acquire skills for employment, they added.

Officials said a pilot project is being launched in seven districts of the Kashmir Valley and two in the Jammu region and Ladakh. They added district-level “skill planning” committees will also be formed and will comprise industry representatives, academics and corporate entities. Developing the food-processing and dairy industries will be one of the keys areas of focus, they added.

Officials said the Center was keen that the people of Jammu and Kashmir and Ladakh understand the benefits of the removal of Constitution’s Article 370 that gave the erstwhile state special status.

“The Centre is keen that the people understand that removal of special status is not detrimental but on the contrary beneficial for them and the next generation,” said a government official, who is a part of the exercise of rolling out the measures, on condition of anonymity.

The government is also considering opening career counselling centers. And with the help of the corporate sector, it also wants to hold “job melas,” or fairs, in the Union territories.

First Published: Aug 27, 2019 23:28 IST

China: Shanghai’s unemployment figure down 4.38%

(THIS ARTICLE IS COURTESY OF THE SHANGHAI CHINA NEWS AGENCY ‘SHINE’)

 

Shanghai’s unemployment figure down 4.38%

Shanghai had 187,700 registered unemployed as of June, a decrease of about 4.38 percent, or 8,600 from the same period last year, the city’s human resources and social security bureau said on Wednesday.

In June, young people accounted for just over 20 percent of the total, a drop of nearly 9 percentage points from 2011, with training, help and specific programs to boost their job opportunities, according to the bureau.

More than 5,400 long-term jobless young people had received help to start their own businesses as of the end of June, with 8,000 the yearly target, the bureau said.

More than 610,000 people had received vocational training between January and June, and the city had also established 110 training centers of highly skilled talents.

A total of 385,400 new jobs had been created in the first half of the year, the bureau said, more than 77 percent of the target for the year. Among them, 108,500 covered strategic emerging industries.

Over 500,000 new jobs are provided in the city every year, the bureau said. The city’s registered jobless rate was 3.6 percent at the end of last year, a figure that decreases year by year, it said.

Although the city’s job market is stable, the slow down in economic growth both at home and abroad and the emergence of world trade protectionism had led to increased uncertainty in the job market, said Zhao Yongfeng, the bureau’s director.

The city has taken measures such as increasing the frequency of monitoring key enterprises and providing subsidies for enterprises that retain employees, he said.

Last year, 117,900 enterprises enjoyed such subsidies, a total of 2.136 billion yuan (US$304 million).

China And The UK Implement Program To Connect Young Entrepreneurs

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS)

CHINA and the UK will implement a program to connect young entrepreneurs from the two countries from next year.

Wu Chen, deputy director of The Great Britain China Center, the British partner behind the initiative, told Shanghai Daily yesterday the first steps toward realizing cooperation include talking to potential partners, determining mechanisms of cooperation and working out concrete programs.

The initiative is jointly fostered by the All-China Youth Federation and was announced at the Sixth China-UK Young Leaders Roundtable, an event during the Fourth Meeting of the China-UK High-Level People-to-People Dialogue in Shanghai.

“Encouraging exchanges of entrepreneurs and organizing startup competitions are just some of the ideas at this stage‚” Wu said.

“We’re looking to bring British universities and government organizations working to promote innovation on board because they’re interested in cooperating with China.”

Pei Huan, deputy secretary-general of the China Foundation for Youth Entrepreneurship and Employment and a panelist at the roundtable, said the foundation’s first overseas China Community for Youth Entrepreneurship will open in London tomorrow.

He said the community underlines the growing interest and efforts in establishing incubators benefitting young entrepreneurs from both countries.

Pei said the incubator, run by London-based Cocoon Networks, will help startups access foreign markets and drive international equity investment.

Representatives from politics, NGOs and business at the roundtable discussion also suggested establishing joint venture capital funds between China and the United Kingdom.