Finance

Nasscom survey stated that 80% of companies feel Haryana job quota law to negatively impact future opportunities, investments plans.

As per Nasscom survey on Haryana job quota, nearly 80 percent of the companies surveyed stated that Haryana’s job reservation law would negatively impact their future business operations and investments plans. The state’s move would impact nearly 1.5 lakh current jobs in the IT-ITES sector, and given the industry’s high attrition rate, could have a severe implication in 1-2 years.

The respondents also felt that such legislation could make it difficult to adopt Diversity and Inclusion policies and initiatives, and follow equal opportunity policies.

India Inc has also warned that Haryana’s job quota move would hurt industrial development and investments in the state. Industry associations have appealed to the state government to re-look at the legislation, saying that reservation impacts productivity and competitiveness.

Source: The Financial Express

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