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Revival of employment exchange system: Government plans key changes in job regulations

Revival of employment exchange system: Government plans key changes in job regulations

Revival of employment exchange system: Government plans key changes in job regulations
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21 Jan 2025 8:58 PM IST

The Employment Exchange, a familiar institution for the youth of the 1970s and 80s, may soon be making a comeback, with the government taking steps to revive and modernize it. In those days, after completing high school or college, young people would line up at Employment Exchanges to register for job notifications. Now, the government is working to rejuvenate this system and streamline job recruitment across the country.

As part of these efforts, the government has announced plans to overhaul employment regulations. One major change includes requiring private companies to report their job vacancies to the government. This move aims to bring more transparency and accountability to the job market. The government has also stated that it will take strict action against companies that fail to comply with these new guidelines, including imposing heavy fines. The fine for non-compliance will be significantly increased—from Rs. 100 to Rs. 50,000.

In addition, the government is planning to introduce a new online platform for job seekers, akin to LinkedIn, to facilitate government job recruitment. This portal will aim to provide a transparent and efficient system for both employers and job seekers. However, it remains to be seen how much cooperation will come from private companies in adopting this new approach.

The government’s move to revitalize the Employment Exchange system marks an important step toward enhancing job transparency and accessibility in India. Whether this initiative will succeed in bridging the gap between job seekers and employers is something only time will tell.

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