Employees said the companies had employed a large number of contract workers to get around rigid labour laws that make it difficult to hire and fire full-time staff.

The conference saw various speakers deliberate on CSR interventions, ways to refine strategies, how to catalyse and build collaboration and take up some new approaches in tune with the fast changing world that requires companies to bring in innovative practices in their CSR initiatives.

About 1,00,000 employees in India have been trained in newer digital technologies under Menon's leadership.

Cisco has committed to positively impact 50 million people in India by 2025 through social initiatives and partnerships. Globally, the uber target for the networking giant is at one billion and they have reached out to some 220 million people so far.

Aditya Birla Health Insurance, in partnership with the health club chain Talwalkars, has launched a wellness programme called FIT-Fitness Insured Totally.

The APAC region is expected to have an imminent talent deficit of over 12.3 million workers by 2020, rising to a shortage of 47 million workers by 2030. The shortage could lead to $4.238 trillion in unrealised annual revenue loss if the problem is not addressed, the report says.

Partial withdrawals will now be allowed to National Pension System subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, says the PFRDA.