Employees of Jet Airways may get low salary if other airlines hire them

Agencies
April 21, 2019

New Delhi, Apr 21: Thousands of employees at now-shuttered Jet Airways might be staring at an uncertain future but other airlines will see "value" in hiring such experienced people even though they might end up getting relatively lower pay packets, according to HR experts.

Demand continues to outstrip talent supply in the Indian aviation sector, which is one of the fastest growing in the world.

Cash-starved Jet Airways, which has been flying for nearly 26 years, has around 23,000 employees, including contractual staff. It announced a temporary suspension of operations on April 17.

Experts observed that employees would have been under stress at the airline for a while, though quite a few would have been hopeful of a turnaround of the carrier. Under the current circumstances, they might have to either shift base to Tier-II or Tier-III cities or accept job offers having lower compensation, they opined.

Staffing firm TeamLease Services Co-Founder and Executive Vice President Rituparna Chakraborty said that the aviation sector in India has immense potential and if one goes by the current equation, the supply of ground staff, crew and pilots are still low in comparison to the demand that exists.

"In my mind, other airlines will definitely see value in hiring the experienced and highly well-trained staff that Jet has currently," Chakraborty told PTI.

She also noted that there is a significant demand for core staff while non-specialised staff should look at an alternative industry for suitable functional roles.

The country's oldest private carrier, Jet Airways has a substantial number of employees who have put in more than two decades at the airline.

Executive search company GlobalHunt's Managing Director Sunil Goel said there has been a huge expansion in terms of new airports and connectivity in Tier-II and Tier-III cities through air transportation. So, there is a consistent demand for talent in the aviation sector, he added.

"Though morale of Jet Airways employees must be down looking at current scenario but as long as they will be open to exploring job opportunities in Tier-II and Tier-III cities, they will be having enough options to explore," Goel said.

Tier-II and Tier-III cities are those located in non-metro areas.

Besides, the aviation sector on a high growth trajectory, there is also intense competition among domestic airlines.

"In such a scenario, with Jet airways shutting down, most of the experienced employees of Jet are expected to be absorbed with the competition. Non-aviation specific employees are also expected to find a lot of demand for their skills in other sectors," SHRM India's Head of Advisory Services Nishith Upadhyaya said.

SHRM is an HR grouping.

On Friday, SpiceJet said it has hired more than 500 employees of Jet Airways, including 100 pilots, and open to inducting more such people.

"As we expand and grow, we are giving first preference to those who have recently lost their jobs due to the unfortunate closure of Jet Airways," SpiceJet Chairman and Managing Director Ajay Singh had said.

SpiceJet has already provided jobs to more than 100 pilots, over 200 cabin crew and 200 plus technical and airport staff recently, he had said.

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News Network
April 6,2020

New Delhi, April 6: India recorded the highest number of 704 positive cases of coronavirus in the past 24 hours, said the Union Ministry of Health and Family Welfare on Monday.

With these new cases, the total number of COVID-19 positive cases in India have now climbed to 4,281.

Total deaths stand at 111 including 28 new deaths. So far, 318 COVID-19 patients have been cured across the country.

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Agencies
May 27,2020

Lucknow, May 27: Uttar Pradesh chief minister Yogi Adityanath has taken a U-turn, two days after he declared that permission would be needed if other states employ workers from UP.

The issue sparked a major controversy and an official spokesman has now said that the government would not include this clause of 'prior permission' in the bye-laws of the Migration Commission.

The government spokesman also said it was working on modalities to set up the commission to provide jobs and social security to migrant workers returning to the state. It has named the migration commission as the "Shramik Kalyan Aayog (Workers welfare commission).

About 26 lakh migrants have already returned to the state and an exercise to map their skills is being carried out to help them get jobs.

Yogi Adityanath has discussed the modalities for setting up the commission and told his officers to complete the skill mapping exercise in 15 days.

A senior official of Team 11, said, "The chief minister discussed the modalities for setting up the commission, as well. There will be no provision requiring other states to seek UP government's prior permission for employing our manpower. The commission is being set up to provide jobs and social security to the workers. We will also link the migrants to the government schemes to provide them houses and loans etc."

Yogi Adityanath said a letter should be sent to all state governments to find out about migrant workers wanting to come back to Uttar Pradesh.

Earlier, the chief minister, while speaking at a webinar on Sunday, had said, "The migration commission will work in the interest of migrant workers. If any other state wants UP's manpower, they cannot take them just like that, but will have to seek permission of the UP government. The way our migrant workers were ill-treated in other states, the UP government will take their insurance, social security in its hands now. The state government will stand by them wherever they work, whether in Uttar Pradesh, other states or other countries."

The statement had sparked a row with some political leaders and parties questioning the move.

Former Congress president Rahul Gandhi sharply criticized Adityanath's stand, saying the workers were not the chief minister's personal property.

"It is very unfortunate that the chief minister of Uttar Pradesh views India in such a way. These people are not his personal property. They are not the personal property of Uttar Pradesh. These people are Indian citizens and they have the right to decide what they want to do and they have the right to live the life they want to live," he had said.

Maharashtra Navnirman Sena chief Raj Thackeray had also taken on Adityanath and said that if UP insists on "permission" before other states can employ workers from there, "then any migrant entering Maharashtra would need to take permissions from us, from the Maharashtra state, our police force too."

Meanwhile, the government spokesman said, "The chief minister is deeply moved by the condition of migrants. They have been treated badly by other states. So, when the chief minister spoke about the need for seeking UP government's permission, he did so as a guardian for workers. It's only his concern for the migrants that came out as a political statement."

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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