EMPLOYMENT EXCHANGE

The said Act came into force with effect from 1 May, 1960. This was enacted on the recommendations of the Training and Employment Services Organisation Committee set up by the Government of India in 1952. The relevant Rules were notified on 26 April 1960.

Employment Exchange is a program that offers assistance to job seekers. It allows unemployed educated youth residing in different States to pre-register for an impending job vacancy occurring in different sectors of that State.

An Employment Exchange is a government office that provides employment assistance to job seekers. Candidates registered with an Employment Exchange are sponsored to employers for recruitment to vacancies notified or advertised.

The employment rate fell from 37.1% in December 2022 to 36.7% by March 2023, indicating a decline in the number of people employed. These figures suggest that the labor market in India is facing challenges, and there is a need for policy interventions to create more job opportunities and improve employment rates.

In terms of the economy, employment provides income to low-income families, rejuvenates domestic demand for goods and services, and boosts overall growth. On a social level, employment can aid in social healing, encourage the return of displaced people, and improve long-term social welfare.

India’s first National Employment Policy aims to increase the generation of employment in the country through its twin objective of instituting an environment for the establishment of new enterprises in order to generate more employment opportunities and also improve the skills of the already existing employees.

ACOHI believes in empowering the industry via its best human resource by facilitating the best methods and techniques which will empower the lowest to the highest strata of employee of society to get empowered with a job which he/she enjoys doing along with creating a social security for him/her in the society financially and also in social standing. Apart from giving financial stability to people, ACOHI aims of making the job offered to individuals with dignity and respect.

Construction, trade, miscellaneous services, transport and storage and education have created the most jobs in the post-liberalization era. In today’s scenario post covid the services sectors have been in boom for providing job opportunities to the unemployed but unfortunately due to non-availability of not many proper channels there are many gaps in filling of manpower in the said service sector which could become livelihood for a person.

The Employment Exchanges (Compulsory Notification of Vacancies) Act was enacted in 1959 to provide for compulsory notification of vacancies to the Employment Exchanges and for the rendition of returns relating to Employment situations by the employers. This act came into force with effect from 1st May, 1960.

To create a benchmark of highest standards for service and delivery of manpower in the Hospitality industry of India, Asia & World.

To become backbone for the sourcing and placing of best hospitality experts of all categories in all departments of the hospitality industry of India Asia & world.

To empower with right job for any person who is seeking job in Hospitality Industry of India Asia & World

In conclusion to the above ACOHI Employment Exchange will empower the Indians with the best ground for training, handholding, placing them in the right job, keeping the track of his/her employment and finally making the individual raise in his/her capacity in the hospitality job creating better society and better India.