Analysing labour market knowledge can assist determine and perceive points within the labour market, take knowledgeable, goal choices, and consider the prices versus advantages of insurance policies, measures and programmes, the analysis by Vivek Agarwal, Partner, IGH, KPMG in India stated.
There are sure key interventions that might assist with the digitisation of the labour economic system argue Agarwal. Some of the important thing interventions embrace knowledge integration, built-in MIS and dashboard, labour lifecycle administration, expertise mapping and matchmaking.
As per the analysis paper contemplating most knowledge is transferring on-line, a complete MIS with numerous interfaces (separate for every topic like ladies employment, youngster labour, employment and unemployment standing, CPI and many others.) is an environment friendly method to observe knowledge collated from a number of sources.
“Digitising the data collection process, deriving insights though analysis, forecasting trends, identifying skill gaps, delivering content and mapping skillsets with the right jobs can help address our work deficit. Given these shifts, the digital labour ecosystem is set to play a key role in India’s transformation towards self-reliance,” stated Agarwal.