India's Job Market

India not prepared for full force of artificial intelligence adoption

Only 11% of jobs in India can be automated against global average of 18%, says Goldman Sachs' assessment of 30 countries

Monster.com makeover: Renamed foundit.in, it's now a talent management firm

Platform will offer comprehensive solutions to recruiters, highly personalised services to job seekers; firm says transition is in line with its mission to connect talent with right opportunities

TMS Ep300: India's job market, EV scooter, Markets, MAC

Why're we getting mixed signals from India's job market? How the EV scooter market saw consolidation? Can US midterm election trigger a market rally? What's Mangrove Alliance for Climate? Answers here

Why are we getting mixed signals from India's job market?

After Twitter, Meta Platform too has announced massive job cuts. The Indian job market is also facing some heat, especially in IT services. How does the IT piece fit in the larger job market puzzle?

Cognizant introduces 'two merit cycles' for employees to rein in attrition

Cognizant Technology Solutions has introduced a one-time, 'two merit cycles' for calendar year 2022 (CY22) for its employees to arrest attrition

50 mn networking conversations witnessed among rising workforce in Q3: Apna

Apna.co said it has facilitated professional networking through various algorithms and technology tools

India's job market outlook strong for Oct-Dec as 54% companies plan to hire

India's hiring outlook remains strong with 54 per cent of companies planning to hire in next three months amid predictions of growth opportunities for developing countries in the wake of ongoing geopolitical conflicts, says a survey. According to the ManpowerGroup Employment Outlook Survey released on Tuesday, the labour market is indicating strong sentiments for October-December 2022. The survey is based on interviews with more than 40,600 public and private employers across 41 countries and territories to measure anticipated employment trends each quarter. This sample allows for analysis to be performed across specific sectors and regions to provide more detailed information. As per the survey, in India, 64 per cent expect to increase their staffing levels, 10 per cent anticipate a decrease in hiring intent and 24 per cent do not anticipate any change, resulting in a seasonally adjusted Net Employment Outlook of 54 per cent. The hiring outlook in India is ranked second globally,

Indian job market unfazed by inflation, hiring up 29% in Q1: Report

The job market in the country remained unfazed by inflation in the first quarter as most companies believed that it is not going to change hiring and salary of their employees, according to a report. Despite fears of inflation, most jobseekers are not adversely affected by inflation as far as their livelihood and expenses are concerned, with six in 10 jobseekers saying they are not affected much, the quarterly hiring tracker by global job site Indeed revealed. In line with the employee sentiment, 89 per cent of employers interviewed said inflation will not change the way companies hire and pay employees, it added. The Indeed Hiring Tracker of Q1, FY23, is based on a survey of 1,229 employers and 1,508 employees during April-June 2022. Indeed's hiring tracker also indicated a positive job momentum growth with employers increasing hiring by 29 per cent in April-June 2022 compared to a 20 per cent increase in the previous quarter. The findings further revealed that 37 per cent of all

81% Indians believe their jobs can be done remotely, says survey

A whopping 81 per cent of employees in India believe that their jobs can be done remotely, according to a survey

IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report

Companies looking for candidates with digital skills and engineering graduates from smaller cities

Cloud adoption can add $380 bn to India's GDP, create 14 mn jobs: Nasscom

Large-scale adoption of Cloud has the potential to contribute $380 billion to the countrys gross domestic product (GDP), creating 14 million direct and indirect employment opportunities by 2026

India's biggest challenge

The world's largest population will have too few jobs

Indian job market sees record 22% YoY growth in June, says report

Hiring activity in India has shown an upward growth trajectory with a record 22 per cent year-on-year growth in June 2022 compared to last year, according to a report on Tuesday.

Army to start formal recruitment process under Agnipath scheme in two days

The officials said the Army has set its target of starting the training of new recruits under the Agnipath scheme by December

India adds 8.8 mn new jobs in April; yet inadequate to meet demand: CMIE

It may be useful to note that the 8.8 million increase in April comes after a 12 million fall during the preceding three months: CMIE

Hiring will not be impacted by any new coronavirus variant: Survey

The survey showed that over 69 per cent respondents are not anticipating a rise in job insecurity with the advent of the new variant

513 students get 662 offers at Indian Institute of Management Bangalore

The Lateral and Final Placements for the PGP and PGPBA Class of 2020-22 of the Indian Institute of Management Bangalore (IIMB) saw 662 offers, leading to all 513 students who appeared for placements being placed. Harsh Agrawal, Placement Representative, said: "Overall, there has been a 37 per cent increase in the number of offers YoY, driven primarily by Consulting and Product Management roles. Strategy Consulting continued to be the most sought-after role among the students, followed by Product Management and Finance. Consulting companies made 248 offers led by Accenture with 51 offers, followed by Boston Consulting Group with 30 offers, an IIMB statement said on Wednesday. Top recruiters included Kearney (27), Bain & Company (26) and McKinsey & Company (22). Prominent recruiters in the Information Technology and Product Management domain, who made 141 offers, are Microsoft (15) and OYO (11). The 65 offers made in the E-commerce space included Amazon (37) and Paytm ...

IT company Hexaware Tech to add 10,000 more to headcount in 2022

To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private Equity Asia for the city-based software firm founded by technology veteran Atul K Nishar in 1990. PTI was the first to report in late August 2021 that Carlyle, the Washington-based private equity, alternative asset management and financial services giant set to pip bulge bracket rivals such as Bain Capital, KKR & Co and the Paris-based outsourcer Teleperformance, was the winner with a USD 3-billion bid for the company. None of the three parties has yet officially announced the deal completion. Nishar, who was founder and chairman of Hexaware Technologies, had in 2013 sold majority stake to Baring PE Asia for Rs 1,687 crore, with an open offer for .

Permanent work from home jobs a hit with Indian jobseekers: Report

In the last six months, Naukri.com has seen 32 lakh job searches for permanent and temporary remote jobs, by Indian job seekers

Hiring demand almost flat in January due to Omicron conditions: Report

Hiring demand was almost flat in January witnessing a one per cent fall compared to the previous month, reflecting the cautious approach of Indian employers due to Omicron conditions, according to a report. On account of the third COVID-19 wave, the retail sector saw of dip of 8 per cent in demand sequentially, travel and tourism also witnessed an 8 per cent fall, while home appliances slipped 5 per cent, according to the Monster Employment Index (MEI), a comprehensive monthly job analysis report by Monster India. While agro (5 per cent) and BFSI (4 per cent) sectors continued to grow on a monthly basis, according to the report. The fall of 5 per cent in home appliances was followed by a drop of 5 per cent in FMCG and food & packaged food, BPO/ITES (-3 per cent), production and manufacturing (2 per cent), and engineering, cement, construction, iron/ steel (2 per cent) industries that showed a negative trend. Further, education, telecom/ISP, and healthcare, biotech and life ...