46% of Indian Professionals Self-Fund Upskilling Initiatives Despite Limited Employer Sponsorship, ETHRWorld
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With just 23.9 per cent of employers offering full sponsorship for upskilling , 46 per cent of employees chose to self-fund their recent learning initiatives, a report said on Wednesday.The TeamLease Edtech report Impact of Upskilling on Performance Appraisals - has revealed that only 23.9 per cent of employers offered to sponsor upskilling of their employees, however, 46 per cent of professionals chose to self-fund their most recent learning initiatives."The professionals who take the initiative, especially those who invest in their learning, stand to gain not just skills but also recognition, responsibility, and real career momentum. For organisations, this is a wake-up call to invest more strategically in structured upskilling paths that align with performance cycles. For employees, they need to act now, learn smartly, and think long-term," TeamLease Edtech founder and CEO Shantanu Rooj said, quoting the report.The report is based on a survey of over 14,000 professionals across various functions and industries pan-India.The report further found that around 84 per cent of professionals reported engaging in some form of upskilling over the past year, driven by long-term career planning and a desire for future readiness.More than 64 per cent of professionals reported a direct positive impact of upskilling on their appraisal outcomes.Interestingly, the report also found that 42 per cent witnessed promotions, salary hikes or enhanced roles within just 18 months of completing their upskilling, reinforcing the role of learning as a short-to-mid-term lever for growth.Timing has also emerged as a key factor, with over 40 per cent of respondents stating that they intentionally pursued upskilling closer to appraisal cycles to maximise visibility and impact, according to the report.The report revealed that professionals from Technology and Finance backgrounds showed the highest self-upskilling rates (78.3 per cent), often without organisational learning support.In contrast, 80 per cent of Sales and Marketing respondents preferred short-term certifications and online tutorials, emphasising the growing relevance of just-in-time, low-cost learning formats tailored for immediate application, added the report. PTI
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Time of India
4 hours ago
- Time of India
Israel-Iran conflict in 'decisive phase' after US strikes, say experts
The Israel-Iran conflict has entered a "decisive phase" after the US bombed three major Iranian nuclear sites Sunday morning, feel strategic affairs experts with some of them arguing it was Washington's "responsibility" to not get involved in the military standoff. The US attacked Iranian nuclear sites at Fordow, Natanz and Esfahan, bringing itself into the Israel-Iran conflict. Later, US President Donald Trump said the Iranian nuclear sites were "totally obliterated". Former diplomat and author Rajiv Dogra criticised the US move and said only time will tell whether there has been a "radiation leak or if that has been contained in one way or the other" after the strikes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Some experts underlined the old civilisational ties between India and Iran to say the bilateral relations will "suffer in the process" as the Iran-Israel confrontation has intensified with the US involvement. They warned that if Tehran chooses to close the Strait of Hormuz -- the critical oil corridor connecting the Persian Gulf and the Arabian Sea -- in retaliation to the US strikes, the global economy as well as the Indian economy would be severely impacted. Live Events "Iran naturally will look at all options that are available to it. Closing the Strait of Hormuz or attacking shipping going through it are the options that seem it (Iran) might exercise," Dogra conjectured. If it does that, naturally all countries getting oil from the Gulf nations through the strait would get affected, in terms of supplies and eventually soaring oil prices, he said. "So, it will be naturally hurtful for the world economy and the Indian economy. Besides our industries, even the common people who depend on petrol for vehicles will get affected," the former diplomat told PTI. He said the US has simply played the role of a "spoiler". "Even if there was a chance for things to deescalate, the US strikes have made sure that things would not deescalate quickly. As almost a sole superpower still, it was its responsibility that it should not have got into the act," he said. Dogra said the US could have played the role of "stabiliser" in a situation which is already quite serious. Immediate resolution of this conflict doesn't seem likely now, he argued. The former diplomat said that once the nuclear facilities of a country are damaged in attack, then "all bets are off". "Because there are international regulations which forbid escalation to the extent that nuclear site is attacked. Radiation leaks can affect many many people and many many generations. Not just in the country where it is attacked but also in nearby nations." Another former diplomat and strategic expert Dilip Sinha said, "The war has now entered a decisive phase." "Israel had already gained air superiority over Iran. Now America is getting involved and it is causing such a heavy devastation to the nuclear installations of Iran," he added. Iran's capacity to retaliate is "considerably reduced" now, Sinha said. He also echoed Dogra's views on the possibility of closure of the Strait of Hormuz and its ramifications, economic and otherwise, for India and other countries importing oil from the Gulf region. He argued that if the critical corridor is closed, not just the supply will be impacted but oil prices will also go up. Israel launched a military action under Operation Rising Lion against Iran on June 13, targeting nuclear facilities. Iran has since then responded by firing missiles at Israel. "There is a fear of regional conflagration. But I don't see that happening because not too many countries have come out in support of Israel yet," he added. Sinha also conjectured that it is possible for Iran to block the narrow Strait of Hormuz after the US strikes. If that happens, "India will be affected, and overall the price of oil will go up", he said. The conflict certainly presents a challenge to India which has had closer relations with Iran, the former diplomat said, adding that India wants to have good relations with Iran, for historical, civilisational and geostrategic reasons as well. Amid fears of radiation leak, the International Atomic Energy Agency (IAEA) posted on X on Sunday, "Following attacks on three nuclear sites in Iran - including Fordow - the IAEA can confirm that no increase in off-site radiation levels has been reported as of this time. IAEA will provide further assessments on the situation in Iran as more information becomes available." Lt Gen Kanwaljeet Singh Dhillon (retd) in an interaction with PTI Videos in Mohali said the attack on the three sites has been done with "specialised weapons that can hit deep within the ground to destroy nuclear facilities". Asked how long the two sides can sustain the conflict, he said if they fire missiles at each other and fight a conventional war, they can sustain longer. "But with the advent of precision weapons, Israel can hit inside a building. Attrition on Iran's side is higher than on the Israeli side and their military capabilities have been degraded," the retired army officer said. On the possibility of the Strait of Hormuz being blocked, he claimed that if it continues for a few days, it would "not have an immediate impact on the demand-supply chain" but would affect the stock markets. Experts also referred to a meeting of the Organisation of Islamic Cooperation (OIC) underway in Turkiye, in the backdrop of the conflict. "Islamic countries are a house divided," Dogra argued. Asked if New Delhi can play some role in contributing to de-escalation in the region, he said, "India is friendly both with Israel and Iran, and its voice counts. It can definitely play a role in cooling down the tension and not let the crisis escalate further." Israel on June 13 targeted Iran's nuclear and missile production and storage facilities to get rid of both. It has for years been calling Iran's nuclear programme an existential threat and has vowed to foil its nuclear ambition at any cost. Iran has maintained that its nuclear programme is for peaceful purposes.
Hindustan Times
5 hours ago
- Hindustan Times
Iran hints at Strait of Hormuz closure. How will it impact Indian crude imports?
Amid its ongoing conflict with Israel and the US, Iran has hinted it may close the Strait of Hormuz, which lies between Iran and its Gulf Arab neighbours. The passage facilitates the daily supply of about a fifth of the world's oil, Bloomberg reported. (File photo) Oil tankers pass through the Strait of Hormuz,(REUTERS) Not just global, the closure of this strait may impact India's energy security as well, some experts have said. Tehran indicated the strait's closure for shipping after the US military struck three of Iran's key nuclear facilities. When asked about the closure, Iranian foreign minister Seyed Abbas Araghchi said, "A variety of options are available to Iran." Will closure hurt India? About 40 per cent of India's supplies are sourced from Middle East nations such as Iraq, Saudi Arabia, the United Arab Emirates, and Kuwait. These countries export crude oil to India through the Strait of Hormuz. About 2 million barrels per day (bpd) of crude oil, a significant portion of India's total imports, is sent through the passage. While there is a significant portion that India sources from the Middle Eastern countries, there is still less likelihood of a big impact on its oil supply if the strait is shut, news agency PTI reported. This is because India mostly imports Russian oil which uses the Suez Canal, Cape of Good Hope, or the Pacific Ocean for its passage, and not the Strait of Hormuz. Qatar, India's principal gas supplier, also does not use the Strait of Hormuz for supplies. Similarly, India's other sources for LNG supply in Australia, Russia and the US would also not be impacted by the strait's closure. Impact on imports from Saudi, Iraq India's crude oil imports from Iraq, and to an extent from Saudi Arabia, will be impacted if the Strait of Hormuz is closed, said Dr Laxman Kumar Behera, Associate Professor at Special Centre for National Security Studies at JNU. Besides, if the Strait of Hormuz is closed even briefly, it will impact oil markets significantly, a recent analysis by the International Energy Agency showed. "With geopolitical and economic uncertainties affecting oil producers and consumers alike, oil supply security remains high on the international energy policy agenda," it said. Nearly 30 per cent of global oil and one-third of the world's LNG (liquefied natural gas) use the Strait of Hormuz for their passage. Its closure could have significant global repercussions, including costlier rerouting of oil shipments and an impact on the currencies of the countries in the region. Will Iran shut Strait of Hormuz? Ever since the Israel-Iran conflict began on June 13, Iran has hinted at closing the Strait of Hormuz. Apart from the Iranian Foreign Minister, Mohammad Javad Hosseini, the deputy chief of mission at the Iranian embassy, had also said closing the Strait of Hormuz is an option. Despite this, a prolonged Strait of Hormuz disruption is very unlikely. The Strait of Hormuz not only deals with exports of Saudi Arabia, the UAE, Kuwait and Qatar, but also of Iran itself. China is the number one importer of Iranian oil at 47 per cent of its seaborne crude, reportedly accounting for over three-quarters of its oil exports. Hence, while the Strait of Hormuz closure stands to impact global oil markets, it also would prove counterproductive for Iran. Iran, which is already in a geopolitical conflict with Israel and the US, is likely to risk international military escalation with this key passage closure.
Economic Times
5 hours ago
- Economic Times
Zen Diamond looks to open 100 stores in India in 5 years
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