Private companies will also have to inform the government about vacant posts, otherwise they will be fined heavily

Private companies usually provide information about vacancies through platforms like LinkedIn and Job.com for recruiting employees. But soon it may be mandatory for private companies to provide information about vacancies across departments and verticals to the government. The central government is planning to replace the Employment Exchange (Compulsory Notice of Vacancies) Act, 1959 with a new Social Security Act. It aims to create a formal mechanism for disseminating information about job vacancies.

This step is being taken in the direction of changing the employment rules. The government is in a mood to strictly implement this decision. It is for this reason that there will be severe penalties on companies not reporting vacancies to the government. The government is considering increasing the fine from Rs 100 to Rs 50,000.

According to a Times of India report, Maharashtra Minister for Skill Education, Employment and Entrepreneurship Mangal Prabhat Lodha said at a press conference in Mumbai on Monday, “We have employment exchanges, but they are almost closed. Under the new law, we will revive and strengthen these, so that companies notify the state about vacancies. He also said that companies have been avoiding reporting vacancies due to minor penalties, which is now planned to change.

Currently, most companies post their vacancies on platforms like LinkedIn. The government is now planning to create state-specific job portals to make compliance easier for companies. This initiative is part of Maharashtra government’s 100-day action plan. The government’s move is aimed at making employment opportunities more transparent and accessible, though the response from companies is awaited.