The Central Government is considering making it mandatory for private companies to notify job vacancies, marking a significant shift in employment regulations. Plans are underway to replace the Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959, with the Social Securities Act, significantly increasing non-compliance penalties from ₹100 to ₹50,000.
State Minister for Skill Education, Employment, and Entrepreneurship, Mangal Prabhat Lodha, highlighted the need to revive employment exchanges, which have become largely inactive. He stated that minimal penalties (₹100-₹500) discouraged companies from reporting vacancies, a practice the revised law seeks to change and enforce.
With most job postings already listed on platforms like LinkedIn, Naukri, and Indeed, experts question the need for a government-mandated duplication. To simplify compliance, the government plans to introduce a state-specific job portal where companies can list openings. This initiative is part of a 100-day action plan aimed at improving job visibility and labor market oversight.
While greater hiring transparency is welcome, industry experts emphasize that the policy must reduce bureaucracy, integrate with modern recruitment platforms, and enhance efficiency for both employers and job seekers.
