Summer internships offer huge benefits like practical skills, networking, resume building, and career clarity, essentially acting as a "trial run" for a real job by giving hands-on experience, teaching workplace norms (punctuality, communication), and proving your potential to employers, making you more hirable and competitive for full-time roles later. When it feels like a regular job, it means you're getting real responsibilities, working alongside full-time staff, contributing to projects, and being evaluated, which is exactly the immersive experience needed for serious career growth and potential full-time conversion.
The new Labour Codes have simplified the complex wage and salary slips. To Cut all the confusion, the salary will now have only two main components 1. Wage 2. Allowance and also that Wage (basic Wage) has to be at least 50% of the Total of Wage plus Allowance. Allowances such as Overtime OT, Incentives, Washing Allowance, Food Allowance, Night Allowance, House Rent Allowance, Conveyance Allowance etc will be together gets clubbed as Allowance part. All the calculations for PF, ESIC, Bonus, OT rate etc, will be done using Wage (Basic Wage) part. Therefore, EPF deductions will remain same, however, now ESIC will not be deducted on the allowances, that means no cut of .75% on Overtime, HRA, Food, Nigh, Washing Allowances. There is no other change.
Which means you will end up having a little more take home salary hence forth.
with 93 percent more apprenticeships in the fourth quarter of FY22-23, according to a report by Olympus on Degree Apprenticeship—India’s first and largest Degree Apprenticeship Programme. The electronics industry is predicted to grow to US$ 400 billion by 2025, and this sector is expected to provide 10 lakh jobs by 2025-2026.
the Assembly Technician, offering a monthly stipend of 20,500 for graduates, and the SMT Assembly Line Operator, providing 15,100 per month for diploma holders. This expansion is attributed to factors like increasing consumer demand for electronic products, the Government’s ‘Make in India’ initiative, and the thriving Indian startup ecosystem. The Production-Linked Incentive (PLI) scheme is expected to further boost domestic manufacturing and create employment opportunities for 60 lakh.
As India’s electronic manufacturing sector grows, apprenticeships are crucial for bridging the skill gap. These programs provide a structured pathway for individuals to gain hands-on expertise and essential skills. Recent data indicates that India is set to export around 22 percent of its assembled mobile phones in 2023, driven by domestic production and the success of ‘Make in India’, resulting in significant employment opportunities.
Apprenticeships are a vital component in addressing the skills gap and developing a talent pipeline for high-demand positions in the electronics sector. Those who are undergoing a systematic Apprenticeship program are going for a boom in their career in near future.
It provides significant benefits, as it increases their chances of getting hired, helps companies find quality talent cost-effectively, and can even boost your own professional reputation and potentially earn you a bonus. To refer effectively, you should carefully consider the candidate's skills and work ethic, only refer if you can personally vouch for them, follow your company's referral process, and provide a compelling, detailed recommendation to the hiring manager.
Simply ask your friends to click on the "Refer/Apply for job" link, which appears once you click "download salary slip", or copy and whatsapp the link to your friends.
With six government-approved projects already in various stages of execution, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved four more semiconductor projects under the India Semiconductor Mission (ISM). These four proposals are from SiCSem, Continental Device India Private Limited (CDIL), two others will be set up in Odisha. CDIL is located in Punjab, and one will be set up in Andhra Pradesh.