Hiring Surges

White-collar hiring in India went up 22 per cent in May mainly fuelled by the surge in recruitment in the consumer electronics sector, according to a report on Thursday. However, a marginal 2 per cent month-on-month (MoM) increase in white collar hiring indicated a temporary slowdown in the recruitment momentum, the foundit Insights Tracker (FIT) report added. The FIT further stated that the year-on-year surge is led by the consumer electronics sector, which saw a 70 per cent spike, while the logistics and transportation sector fuelled MoM growth with a 5 per cent uptick. Senior management roles emerged as a key focus area, registering the highest year-on-year growth at 36 per cent, signalling robust leadership hiring. Among cities, Mumbai stood out with the strongest year-on-year growth at 23 per cent, which reflects growing sectoral resilience, innovation, and a strategic push towards long-term, sustainable workforce development, said the report. "The consistent rise in white-co

Naukri report highlights robust hiring in high-salary roles, with jobs offering over ₹20 lakh annually growing 21%, reflecting strong demand for experienced professionals

Vacancies rose by 11 per cent on the month in the United States and 4 per cent in Britain, but there were bigger increases of 18 per cent and 22 per cent in Canada and Mexico, which Fowlston linked to

FY25 is expected to see a 40 per cent rise in fresher hiring, driven by artificial intelligence, machine learning, cloud technologies, and upskilling

With IT companies gradually coming out of the slump and actively ramping up their hiring efforts, a report on Thursday said that recruitment is set to surge with an estimated 8.5 per cent increase in job roles within the industry by next year. The demand for skilled IT talent is growing after a slow period late last year and early this year. Hiring is set to surge, with an estimated 8.5 per cent increase in job roles within the industry by next year, according to a report by Indeed, a global job matching and hiring platform and a subsidiary of Recruit Holdings. This data from Indeed has been compiled from Indeed Hiring Tracker and Indeeds platform data. Indeed Hiring Tracker is a quarterly report that explores the employment landscape and job market. The report further revealed that almost 70 per cent of all tech jobs currently on the Indeed platform are for software roles. The dominance of software roles on Indeed is driven by the rapid adoption of technologies by companies like A

India ranks sixth globally for its employment outlook for September quarter 2024, with 30 per cent of businesses planning to increase their staff over the next three months, according to a global survey by workforce solutions company ManpowerGroup. India's Net Employment Outlook (NEO), calculated by subtracting employers planning reductions versus those planning to hire, stood at 30 per cent. It weakened from the previous quarter and the same time last year by 6 per cent, as employers are cautious in their hiring intent for the next three months. India ranks sixth globally for its employment outlook, 8 points above the global average. The survey was conducted in 42 countries. Globally, Costa Rica reported the strongest hiring expectation for July-September at 35 per cent, followed by Switzerland (34 per cent), Guatemala (32 per cent), Mexico (32 per cent) and South Africa (31 per cent). On the other hand, Argentina and Romania reported the weakest NEO at 3 per cent. In the Asia ..

White collar hiring has begun improving steadily on the back of major sectors like Oil and Gas, Banking and FMCG, a report said on Wednesday. Hiring activity grew by 6 per cent in May compared to April driven by sectors like Healthcare and the Travel and Hospitality, according to the report.. White collar hiring, however, was down by 2 per cent compared to the same month last year.. Most sectors reported mid-single-digit growths, however, decline in hiring in IT (0 per cent YoY), BPO (3 per cent) and Education (5 per cent) dragged down the overall Naukri JobSpeak Index, it stated. Major sectors such as Oil and Gas (14 per cent), Banking (12 per cent) and FMCG (17 per cent) notched up healthy growth, while Healthcare and Travel and Hospitality, each showcased a robust 8 per cent growth, said the report. Smaller cities continued to outperform major metropolitan areas, and there was notable demand for senior professionals, contributing to a healthy year-on-year growth in opportunitie

Experts said that the reasons behind this could be a reflection of the uncertainties and slow recovery in the West and global markets, and also inflation and geopolitical conflict

The report also said that both the services and manufacturing sector's intent to hire for the marketing functional area increased slightly

Indian firms top on this metric among major global markets; intent to hire at 64% in Sept quarter, up from 54% in previous three-month period; could touch 70% in next few quarters

The firms are also hiring more leaders at top roles as companies are also reportedly weeding out CXOs who did not meet their performance targets

The hiring spree is expected to jack up costs for the industry

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

The 'uncertainty' in the job market is likely to continue for a few more months: Report