Page 11 - Hiring

Govt-owned NaBFID plans to increase headcount to 150 by end of FY24

MD Rai says it will venture into rating banks and instruments by December

Majority of employers in services sector keen to hire in Q3: Report

A majority of employers in the services sector are keen to expand their workforce in the third quarter of this fiscal, according to a report. Around 73 per cent of employers are eager to increase their resource pool this quarter, according to TeamLease Services 'Employment Outlook Report for Q3 (October to December 2022) for the services sector. The 'TeamLease Employment Outlook Report' is based on a survey of 579 service companies in 14 cities across the country. The report further stated that in the services segment, the key sectors expressing a higher intent are information technology (96 per cent), educational services (95 per cent), e-commerce and allied start-ups (92 per cent), telecommunications (90 per cent), retail (79 per cent), financial services (78 per cent) and logistics (75 per cent). As the demand for services has increased post the pandemic, large firms (79 per cent), medium-sized firms (45 per cent) and small firms (57 per cent) have all mustered a strong hiring .

Three-fourth employers in services sector willing to hire: TeamLease

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

Employers likely to engage more apprentices in 2nd half of this yr: Report

A significant percentage of employers are likely to increase their apprentice pool in the second half of 2022, as companies look at leveraging apprenticeships as the key source of talent, says a report. According to the Apprenticeship Outlook Report for H2 (July-December 2022) by TeamLease Degree Apprenticeship, 77 per cent of employers are likely to increase their apprentice pool in H2 2022, which was 45 per cent in H2 2021. The Apprenticeship Outlook Report is based on a survey among 789 employers covering 12 cities and 24 sectors capturing the appointment sentiment for the period HY (July to December) 2022. The report further revealed that out of 24 sectors, employers across 12 sectors have improved their Net Apprenticeship Outlook (NAO) by 10 per cent or more for the time period. The electrical and electronics sector tops the list, followed by aerospace & aviation and engineering & industrial, which are driving talent demand in the form of apprentices, it said. In ...

HCL Tech to hire 1,300 people in Mexico over next 2 yrs, to open 6th centre

IT company HCL Technologies plans to hire 1,300 people in Mexico over the next two years, according to a statement. The move is expected to strengthen its current employee base of 2,400 people in that country. HCL Tech outlined its expansion plans in Mexico at its 14-year anniversary celebration at Guadalajara, in Mexico and said "the company expects to hire 1,300 people in the next two years". The IT firm will also be opening its sixth technology center in Guadalajara. The new center will significantly expand its presence to serve its growing local and international client base across industries and will focus on creating next-generation digital solutions. "In line with the company's hybrid operating model, the center will embrace an agile workplace," the statement said. The company recently announced a digital transformation partnership with Cemex, a global construction materials company and an integrated IT Services partnership with Neoris, a leading global digital accelerator

Joining delayed? Blame sudden global slowdown, overhiring in FY22

Industry analysts add companies hired in a big way in FY21. With a sudden global slowdown they will go slow and it is evident in the hiring targets for FY22

IT companies to hire 20% less people in next financial year: Report

Despite strong indicators in the software market, Indian tech companies have been facing high attrition and narrowing margins, its impact is most likely to be faced during the hiring of freshers

Goldi Solar to invest Rs 5,000 cr to raise module manufacturing capacity

Gujarat-based Goldi Solar is planning to invest Rs 5,000 crore by 2025 to expand its module manufacturing capacity to 6 gigawatt, the company's Managing Director Ishver Dholakiya said on Monday. At present, the total module manufacturing capacity of its plants in Pipodara and Navsari, Gujarat is 2.5 gigawatt (GW), Dholakiya told reporters during a press conference here. "We have plans to infuse over Rs 5,000 crore as part of expansion plans to increase module manufacturing from 2.5 GW to 6 GW," he said while launching HELOC Plus (high-efficiency low on carbon) module series with Heterojunction technology. The renewable energy business expansion will be channelled into auxiliary production, including aluminium frames, junction boxes, backsheet, etc, Dholakiya said. The investment will be made by the year 2025, he said, adding his company also aims to recruit over 4,500 people across various functions, which will increase its workforce to over 5,500. "We plan to hire 25 per cent of

India's hiring outlook ranked second globally: ManpowerGroup report

The report showed that India has the strongest net employment outlook for the December quarter in the Asia- Pacific region, followed by China (46 per cent), and Australia (38 per cent)

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,

Following recruitment scams, Mamata orders overhaul of hiring process

The chief minister said that the complaints of administrative lapses reaching her office will have to be resolved within seven days from the day of the receipt of the complaint

Hiring at crypto exchange Coinbase up 33% despite recent layoffs: Report

While Coinbase is one of the most valuable companies in crypto, it still has a long way to go to catch up to Google. The search giant employs more than 100,000 people

Temp staff hiring to rise as consumers return to stores in festive season

During the festive season, more than 500,000 short-term jobs are expected to be created

Delhivery plans to hire over 75,000 employees to expedite parcel sortation

Logistics firm Delhivery on Friday announced its plans to hire over 75,000 staff for seasonal jobs over the next one-and-a-half month and expand its parcel sortation capacity by 1.5 million shipments per day. Of these, over 10,000 people will be off-roll employees across Delhivery's gateways, warehouses, and last-mile delivery, the company said. The hiring is aimed at meeting the expected higher volumes in both parcels and express part-truck load business during the festive season, it added. The company's fully-automated mega gateway, which is equipped with the automated parcel and hub sortation at Tauru became operational in April this year. The company said it will also double down on its various partner programmes by onboarding individual bikers, local retailers, business partners and transporters with plans to roll out a revenue payout of Rs 150-crore across all programmes. Delhivery said it will hire 50,000 last-mile agents under its Last-Mile Agent programme alone, which off

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

Netflix ramps up hiring for Cloud gaming services, plans to launch 50 games

Streaming giant Netflix has ramped up its dream to make it big in Cloud gaming, as the company hunts for professionals to take on Cloud gaming services

Virtual reality jobs die down at Meta, Google amid hiring freeze: Report

The VR job postings have also slowed down at other Big Tech companies like Apple and Google amid the hiring frezz and layoff season owing to the global economic meltdown, according to Revelio labs

Avenue Supermarts to Bata India: Retailers are now hiring, but on contract

According to a TeamLease report for the quarter, the intent to hire in retail is higher in the June-September quarter than the April-June period