Budget 2023: HR industry expects labour codes, focus on formal job creation

The Human Resource industry anticipates various measures from the upcoming Budget 2023, that will be beneficial for employees, the employment process, for job development and will address the skill-gap challenge in the country.

The Indian economy is on the road to recovery after the Covid-19 pandemic significantly affected the country's economic growth. Industry players are hoping that the ensuing budget will provide a much-needed boost to the HR sector that will help the industry to get back on track.

According to leading HR services provider Randstad India, the broad industry asks for the HR sector is the roll out of labour codes, focus on formal job creation, industry Status for Staffing Industry and enhancing skilling initiatives for the youth.

It would help if the central and state governments set up help desks in the initial phases of rolling out the labour codes to ease the implementation by the industry, it said.

"The union budget 2023 should aim at further enhancing the ..