Page 4 - Hiring

Hiring of entry-level graduates falls in FY24 as companies scale back

Internships, lateral hires, and recruitment for CAs and CFAs grew, but MBA and diploma holder hiring saw the least growth in FY24 compared to FY23

Led by smaller cities, seasonal hiring to jump 20% this festive season

Seasonal jobs are short-term jobs taken up during a particular period of time. They may be part-time or full-time and typically last six months or less

BFSI on hiring sprint, IT sector stumbles in headcount marathon in FY24

In comparison, BFSI firms hired 172,000 people on a net basis in 2022-23 (FY23), while IT services companies had a net recruitment of 131,000 employees

IT hiring declines in August, but AI-ML jobs outlier with 14% rise: Report

The overall white-collar hiring activity during the month witnessed a dip of 3% on a yearly basis in August this year, said the report

Will ELI scheme fix India's jobs crisis? A comprehensive rethink needed

The proposed employment incentive scheme is a commendable start, but it risks worsening India's employment problem

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

AI talent recruitment struggles in India due to high salary demands: Report

A recent survey revealed that 66 per cent of the 250 organisations surveyed indicated that high salary expectations were a major obstacle in attracting AI talent

Tech, new hires drive evolving HR trends, says industry executives

This has been accentuated by the need for culture assimilation for the large size of hiring undertaken during the pandemic, say HR executives at the Business Standard's BSmart HR Conclave

How can the road ahead for lateral entry in bureaucracy be smoother?

The govt's biggest lateral hiring initiative came undone in three days, but the issue remains alive

Festival season fuels temp hiring across industries, 700k new jobs expected

The festive season - which begins on August 19 with Raksha Bandhan through to Christmas and the New Year - is likely to see a boost in consumer spending, leading to a surge in temporary hires

Hiring activity up 12% in July, most sectors report double-digit growth

White-collar hiring activity grew by 12 per cent in July compared to the same month last year as most sectors reported healthy double-digit growths, a report said on Friday. India's white-collar hiring activity grew to 2,877 job postings in July 2024, registering a 12 per cent year-on-year increase compared to 2,573 during the corresponding month last year, according to the Naukri JobSpeak Index. The Naukri JobSpeak is a monthly index representing India's job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. Most sectors reported healthy double digit growths, with pharma/biotech (26 per cent), FMCG (26 per cent), real estate (23 per cent), and AI-ML (47 per cent) leading the way, said the report. However, the report said, it could be due to an impacted base of July 2023, when there was an atypical dip in hiring activity on account of IT sector's woes. The IT sector experienced a healthy 17 per cent gro

Hiring of freshers by IT companies likely to go off-campus in FY25

HR experts concurred that the fiscal year 2024-25 will be better than the last fiscal. The total intake from campuses for the sector may hover around 100,000-120,000, according to estimates by Xpheno

Hiring in power, energy sector in country witnesses 9% growth in H1FY25

Hiring activity in the power and energy sector increased by 9.01 per cent in the first half of this financial year (H1FY25) compared to the same period last year, as the country works towards achieving net-zero emissions by 2070, a report has stated. India's energy sector is undergoing a significant transformation in line with the nation's commitment to achieving net-zero emissions by 2070. This is reflected in the impressive 9.01 per cent net employment change in the power and energy sector, indicating a move towards a low-carbon future driven by significant government initiatives, according to TeamLease Services 'Employment Outlook Report' for H1FY25. TeamLease Services 'Employment Outlook Report, showcases changes in employment for the period between April-September 2024-25, based on a survey of 1,417 employers across 23 industries. The report further revealed that in the power and energy sector, Delhi leads existing job locations at 56 per cent, followed by Bengaluru at 53 per .

Employer-employee hiring expectations gap continues to grow: Report

Around 34 per cent of organisations in the country struggle to find the right talent and one in three grapples with retaining existing employees as the gap between employer expectations and employee realities regarding hiring and retention continues to grow, according to a report. Even as employers and job seekers agree that flexibility, higher salaries and career progression are top priorities, employees value company culture and ethics more than the organisations realise while organisations overvalue the importance of brand and incentives, said Michael Page 'Talent Trends 2024 - India Expectation Gap' report. Coming out of the pandemic, a convergence of factors resulted in a subtle but transformative change in workplace dynamics, with people thinking more holistically about the value their job gives to their lives, said Nicolas Dumoulin, Michael Page Senior Managing Director for India, Thailand, Philippines, and Vietnam. Michael Page 'Talent Trends 2024 - India Expectation Gap' .

Facilities management firm Krystal keen on hiring Agniveers post-term

Krystal, a listed facilities management company, will be keen on hiring Agniveers after their short-term engagement with defence services comes to an end, a top company official has said. Some of the talented Agniveers, who are trained as a part of their induction into the armed forces, can get very good remuneration, Krystal Integrated Services' chief executive Sanjay Dighe told PTI. Firms like Krystal can be a "good bridge" between the exiting Agniveers and the corporate sector looking for right candidates to protect premises in which high amounts have been invested, he said. Stating that the Agniveers will be gainfully employed if they transition into the private sector, Dighe said there is high demand for such talent and added, "They do not have to sit idle even for a week." Moreover, the Agniveers will also be able to get other advantages like being with families and may not be migrating anywhere at all, the CEO of the company, promoted by BJP leader Prasad Lad, said. The ...

Former McKinsey India head Zainulbhai reappointed as Network18 chairman

Former McKinsey India head Adil Zainulbhai has been reappointed as chairman of billionaire Mukesh Ambani's listed media company Network18, while veteran journalist Rahul Joshi has been given another three-year term as managing director. Zainulbhai, currently, is an independent director on the board of Network18. He is also the chairman of the company. His second five-year term ends on July 6. With effect from July 7, he has been "appointed an additional director (non-executive, non-independent director)", Network18 said in a stock exchange filing. "Further, he is also designated as chairman of the company." The shedding of the independent director tag is being seen as giving Zainulbhai -- an IIT and Harvard graduate who previously was chairman of McKinsey India as well as chairman of Quality Council of India -- more say in the company's operations. Zainulbhai was first appointed on the board of Network18 in July 2014. The company said its board has also approved "re-appointment o

Hexaware Technologies planning to hire 4,000 employees in India this year

IT company Hexaware Technologies is planning to increase its global workforce by 6,000 to 8,000 this year, of which it will add about 4,000 staffers in India, the company said on Tuesday. The Navi Mumbai-based company has around 30,000 employees. "We plan to hire 6,000-8,000 employees globally. Of this, around 4,000 will come from India," Hexaware Executive Vice President and Global Head of Talent Supply Chain, Rajesh Balasubramanian said in a statement. The recruitment drives will seek to attract talented professionals to Hexaware's offshore, onshore, and near-shore centres in India, the US, Canada, Mexico, Poland, and the UK. In India, the company plans to hire for locations, including Hyderabad, Noida, Coimbatore, Dehradun, and Bengaluru. To attract talented professionals, Hexaware will also conduct recruitment drives in Ahmedabad, Indore, Pune, Mumbai, Chennai, Dehradun, Kochi, and Thiruvananthapuram. In the US, the company will hire in McLean, Chicago, Dallas, Iselin, and .

White collar hiring activity witnesses 7.62% decline in June: Report

White-collar hiring activity in June witnessed a 7.62 per cent decline as recruitment in most sectors remained flat, a report said on Monday. In June, white-collar hiring activity declined 7.62 per cent with 2,582 job postings compared to 2,795 a year earlier, according to Naukri JobSpeak Index. Sectors, including telecom (12 per cent), BPO/ITES (9 per cent), education and teaching (9 per cent), Global Capability Centres (7 per cent) which witnessed corrections in hiring compared to the same month of the previous year, it stated. Sectors such as insurance (28 per cent), FMCG/food industry (12 per cent), pharmaceutical (6 per cent) witnessed positive performance in hiring in June as against the same month last year, it said. Cities in Rajasthan and Gujarat showed resilience, with Jodhpur (36 per cent), Kota (21 per cent), Udaipur (13 per cent), Rajkot (35 per cent), Surat (13 per cent), and Jamnagar (13 per cent) leading in new job creation, the report said. However, bigger cities

TISS withdraws termination of staff members after Tata Trust's intervention

The Tata Institute of Social Sciences (TISS) has not renewed the contracts of more than 100 teaching and non-teaching staffers, claimed some faculty members, inviting sharp criticism from the teachers and a students' body. The contracts of the teaching and non-teaching staff at four TISS campuses -- Mumbai, Tuljapur, Hyderabad and Guwahati -- were due to end on June 30, some faculty members on Sunday told PTI on condition of anonymity. A bulk of them worked on the TISS campuses other than Mumbai, they said. A faculty member said these contracts had been issued for the teaching and non-teaching staff from grants received from the Tata Trust. "It is over the last 10-15 years that we have been receiving the grants for employing additional faculty to teach various courses. That funding was to be renewed. The no-cost extension and renewal of grant doesn't seem to have happened in a timely manner," the person said. "We were apprised on June 28 about the non-renewal of contracts. We told

Fresh formal hiring at seven-month high in April, shows EPFO data

Earlier, in Sept 2023, 950,527 fresh formal employees had joined EPF. The EPFO data is considered crucial as only the formal workforce enjoys social security benefits and is protected by labour laws