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Structure of labor force and demographic change
1. Structure of Labour Force
And Demographic Changes:
Problems and Challenges
Presented
By:
Nidhi Jain
Presentation On :
2. Labour Force In India
Labour in India refers to employment in the economy of
India. In 2012, there were around 487 million workers.
Over 94 percent of India's working population is part of the
unorganized sector.
The unorganized sector has low productivity and offers lower
wages. Even though it accounted for over 94 percent of
workers, India's unorganized sector created just 57 percent of
India's national domestic product.
Bureau of Labor Statistics
3. NEED OF SOCIAL SECURITY
The main strength of the Social Security system is
that it acts as a facilitator. The success of Social
Security schemes however requires the active support
and involvement of employees and employers.
Bureau of Labor Statistics
4. Some Social Security Acts
The Employees’ State Insurance Act, 1948 (ESI Act)
The Employees’ Provident Funds Act, 1952 (EPF Act)
The Employees' Compensation Act, 1923 (WC Act)
The Maternity Benefit Act, 1961 (M.B. Act)
The Payment of Gratuity Act, 1972 (P.G. Act)
Bureau of Labor Statistics
5. Employees’ Provident Fund
Organization (EPFO)
EPFO has focused its effort on automation of the work
processes to achieve better efficiency and improved service
delivery to its members.
The members can also get their PF balances on their mobile
phones through a link “Know Your P F Balance”
onwww.epfindia.gov.in
Bureau of Labor Statistics
6. Employees’ State Insurance
Corporation (ESIC)
The Employees’ State Insurance Scheme provides comprehensive
medical care to Insured Persons, their family and also to their
dependents. The ESI Scheme provides following benefits to the
Insured Persons:-
Medical Benefit
Sickness Benefit
Maternity Benefit
Disablement Benefit
Dependent Benefit
The present ESIC Contribution Rates are Employees- 1.75% of
wages Employers- 4.75% of wages.
Bureau of Labor Statistics
7. Latest Numbers
SEASONALLY ADJUSTED
Unemployment Rate:
5.0% in Sep 2016
Change in Unemployment Level:
+90,000 in Sep 2016
Change in Employment Level:
+354,000 in Sep 2016
Civilian Labor Force Participation Rate:
62.9% in Sep 2016
Employment-Population Ratio:
59.8% in Sep 2016
9. Labour Market Structure
It consists of 3 sectors.
Rural Workers constitute over 60% of workforce.
Organized sector contributes only 8% of workforce,
producing 40% of GDP.
Bureau of Labor Statistics
10. Problems
Economic growth in India, which has accelerated in recent
years, has shown some disturbing characteristics :
Growth of tertiary sector
Encouragement to productivity rather than employment
Bi-modal (small and large) scale establishments.
11. 1. Surplus Labour Force
2. Lack of Absorption of Skilled Labour
3. Imperfections
4. Work Culture
5. Unemployment
Major Problems Faced by
Labor Market in India
12. Demography
The general science of studying human population.
It is the statistics of the population that is subjected to change in
accordance with aging, birth, death, migration etc.
The demography of any place helps to gather information about
the population, religion, language and ethnicity of that place.
Demography can be understood through census.
Bureau of Labor Statistics
18. Life expectancy
In 1900 life expectancy was 47.3 years
By 1950 life expectancy was up to 68.2 years
2010 life expectancy was 78.7 years
Bureau of Labor Statistics
19. Education
Between 1970 and 2001 the percentage of elderly who
had completed high school increased from 28% to 70%
By 2030 estimated that 83% will have completed high
school
By 2030 estimated 24% with bachelor’s degree up from
15%
20. Is population growth really a
problem?
Some say NO:
People can find or manufacture
additional resources to keep
pace with population growth.
Nations become stronger as
their populations grow.
Some say YES:
Not all resources can be
replaced.
Even if they could, quality of
life suffers.
Nations do not become
stronger as their populations
grow.
21. Challenges
Human population is rising by 79 million people annually.
Many more people are born into poverty than into wealth.
Rich and poor nations are divided by a “wealth gap.”
Population growth has severe environmental effects.
22. Solutions
Expanding women’s rights is crucial to encourage the demographic
transition.
Health and reproductive education and counseling can reduce fertility
rates.
Education, medicine, and policies can lessen the toll of HIV/AIDS.
New “green” technologies can help reduce population growth’s
environmental impacts.