Page 5 - Hiring

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

Israel approves plan to import 92,000 foreign workers amid labour shortage

Seventy percent of the quota is specifically set aside for agricultural labourers. Israeli agriculture is facing staggering losses in production and manpower

Freshers hiring witnesses 5% growth amid improvements in IT sector: Report

The demand for freshers has gone up 5 per cent over the past six months, aided by gradual improvement in the IT sector, according to a report released on Thursday. The highest share of job postings for freshers was witnessed by the IT and staffing industry with over 32 per cent and 12 per cent share of jobs, respectively, dedicated to entry-level professionals, foundit (formerly Monster APAC & ME) report on fresher hiring trends. Additionally, it revealed that the demand for freshers has increased 5 per cent over the last six months. The report is based on an analysis of data on foundit platform from May 2023 to May 2024. It further stated that IT companies -- particularly in the hardware and software sectors -- are showing intent to hire freshers, signalling a shift in hiring strategies in India. This trend is largely driven by ongoing restructuring efforts within the industry, focusing on adopting new technologies, optimising costs, enhancing innovation, and ensuring ...

India reports sixth strongest hiring outlook globally in Sept qtr: Survey

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 ..

Don't say 'elite': Corporate firms' new pitch is going to be meritocracy

McKinsey, Accenture, and other big firms want to recruit with a wider net, focusing more on skills than on pedigree

Tier-2 cities continue to see steady growth in hiring activities: Report

Hiring in tier-II cities showed consistent growth trends compared to metropolitan areas during May, mainly led by cities such as Kochi, Coimbatore, and Jaipur, which have emerged as key hiring locations, a report said on Wednesday. "It is remarkable to note the flourishing performance of tier-II cities in terms of hiring, outpacing their metropolitan counterparts. These cities have showcased consistent upward trends, particularly driven by the Production and Manufacturing sector, where we are witnessing a surge in recruitment," foundit (previously Monster APAC & ME), a Quess company, CEO Sekhar Garisa said, quoting the foundit Insights Tracker (fit). He said, this can be attributed to several factors, including infrastructural development, favourable government policies, and a burgeoning talent pool eager to contribute to India's industrial landscape. "It's evident that tier-II cities are becoming increasingly attractive hubs for businesses seeking expansion opportunities and ...

Contractual job hiring by firms up 15% CAGR since Jan 2022, says report

Businesses opting for flexible employment models to manage costs, it says

New formal hirings at a 34-month low in March, shows EPFO payroll data

Share of youth, women slightly increased; net payroll additions down by 7%

French BPM major Teleperformance to hire 15,000 people by end of 2025

The company plans to add 60,000 employees over the next three years in India

Job market squeeze in UK eases in April, permanent hiring down: Survey

For months the REC survey has painted a weak picture on hiring and pay for newly employed workers that has mostly not carried over to official measures of the broader labour market

In a first, IT services major Infosys sees a drop in net headcount

Total for FY24 stood at 317,240, down 7.6% from 343,234 in FY23

Fraud by candidates, rejection top worries of recruitment firms: Report

In the context of college hiring, the absence of automation or reliance on manual processes stands out as a major obstacle

Intent to hire freshers in M&E industry saw 3% decline in H1: Report

The intent to hire freshers in the media and entertainment industry showed a decline of 3 per cent during the first half of this calendar year (January-June), according to a report. However, the overall intent to hire freshers rose 6 per cent year-on-year, as per the TeamLease EdTeach's Career Outlook Report HY1 (January-June 2024). Around 3 per cent decline is expected in intent to hire freshers in the media and entertainment industry, bucking the overall upward trend across many other sectors, the report said. This report is part of TeamLease EdTeach's 'Career Outlook Report HY1', which is based on a survey covering 526 small, medium, and large companies across 18 industries across India. Further, the report revealed that hiring trends in media and entertainment also found varying preferences for job roles across cities with Delhi dominating in video editing with 27 per cent and Bengaluru leading in production assistants with 23 per cent, it stated. Mumbai and Delhi were top cho

Big Four accounting firms escalate hiring of techies amid digital focus

Areas such as AI, cloud computing, data analytics and cybersecurity see 'significant hiring'

White-collar gig jobs see a 184% uptick in hiring, says Foundit report

The share of IT software in the gig economy has nearly doubled, jumping from 22 per cent in March 2023 to a dominant 46 per cent in March 2024

Hiring in healthtech sector to grow 15-20% despite funding slowdown: Report

Even as the healthtech sector in the country has been facing an investment downturn, hiring in the segment is expected to grow by 15-20 per cent, a report said on Monday. The healthtech sector in India demonstrates resilience with a 9 per cent increase in employment in 2023, over the previous year despite a 'funding winter' impacting the flow of investments and hiring sentiments, according to HR services company CIEL HR's 'Health Tech Sector Employment Trends' report. The healthtech sector is bound to grow rapidly due to the socio-economic changes in India and the competitive advantages we offer for the world in patient care as well as in manufacturing and research and development (R&D), and there has been an upswing in hiring in the recent times on a consistent basis, CIEL HR CEO Aditya Narayan Mishra said. "Despite the 'funding winter', the hiring numbers have grown and the outlook for the year ahead (2024) is significantly stronger," he added. Hiring outlook for 2024 remains ...

PHF Leasing to hire 200 employees over next 2 quarters across sectors

PHF Leasing Ltd, a deposit accepting NBFC, on Tuesday said the company is targeting to hire another 200 people across sectors over the next two quarters, keeping up with its growth plans and new office openings. The Jalandhar-headquartered NBFC has over 400 employees. PHF Leasing is a category 'A' Deposit taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India since 1998. "In the immediate future, we hope to increase our staff strength substantially and PHF will become a force to reckon with in our areas of operations. We hope to recruit around 200 people across all functions by September/October of this year," said Shalya Gupta, CEO, PHF Leasing Ltd. The company has clocked over 100 per cent growth over the last three years, by opening new segments, like loan against property and new geographies. The NBFC has presence in several states, including, Punjab, Haryana, Rajasthan, Delhi NCR, and Uttar Pradesh.

Indian firms report strongest hiring outlook for Jun quarter 2024 globally

Employers in India continue to report bullish hiring outlook for the upcoming June quarter, with 36 per cent of companies planning to add more staff in the next three months, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,150 employers, India reports the strongest outlook among 42 countries across the globe. For the April-June period, 50 per cent of employers are forecasting an increase in payrolls, 14 per cent anticipating a decrease and 33 per cent expecting no change, while 3 per cent are unsure, the resulting net employment outlook is 38 per cent. "India tops the list of countries across the globe with a Net Employment Outlook of 36 per cent despite organisations struggling to activate their hiring plans with talent shortages at 80 per cent," ManpowerGroup said in a statement. India's net employment outlook has strengthened by 6 per cent since April-June 2023 and is down 1 per cent when compared to the same period ?last ..