Index of labour demand, supply in book of job soon
The Ministry of Labour and Employment is developing the Occupational Shortage Index (OSI) in consultation with the International Labour Organization (ILO), a government official said. This is aimed at long-term labour market planning and development of policies to facilitate employment generation, he said. «We are looking to create an index that can provide a picture of demand and supply of workers in a particular occupation in each state,» the official said.
The index, which will map the demand-supply gap for both white and blue-collar occupations, will help rank states on the robustness of their job market based on the identified parameters.
To begin with, mapping could be done for managerial positions, health professionals, cleaners and helpers. «More occupations will be added going forward to ensure that it reflects India's job market in totality,» the official said.
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