Page 6 - Hiring

Bain Capital plans to invest $7 bn in India, boost hiring in next 3-5 yrs

The Boston-based firm also plans to increase its team of 25 private equity and special situations investment professionals by 15 per cent to 20 per cent over the next two or three years

Persistent Systems aims to expand margins, to hire fewer freshers

Mid-tier IT services company Persistent Systems aims to visit fewer campuses for hiring freshers, a senior official said on Monday. Over the next three years, the company is also targeting to expand its operating profit margin by about 3 percentage points above the levels of about 14.5-15 per cent it aims to exit FY23, its chief financial officer Sunil Sapre told PTI. Speaking two days after the Pune-based company announced its December quarter earnings, Sapre said it is already carrying candidates who have been trained for 18 months in some cases and are yet to be deployed on projects, which is making it circumspect about fresher hiring in the new year. "We will be there at campuses, but we will do it (hire) more judiciously," Sapre said. When asked if he meant that the company will visit fewer campuses when he says judiciously, Sapre replied in the affirmative. He said that for the company, which added about 500 people to take its overall strength to 23,336, all the hiring is do

DealShare elevates Kamaldeep Singh as CEO, third cofounder Medda quits

DealShare emphasized that it remains sufficiently well-capitalized and enjoys strong support from its board and investors

Sebi appoints G Ram Mohan Rao as executive director for a period of 3 years

Rao will be handling the investigation department and the internal inspection department

Tech companies planning to step up hiring in tier-2, tier-3 cities in 2024

Tier-2 and tier-3 cities such as Thiruvananthapuram, Kochi, Coimbatore, Jaipur, Mohali, Vadodara, Chandigarh, and Indore contribute around 12-15 per cent of the country's tech talent

Assam invites applications for over 10000 vacancies in education sector

The education ministry of Assam releases an advertisement for about 14,223 school teacher posts across the state. Assam CM says state creating over 1 lakh jobs in the sector

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

Blue-collar workforce in India saw 7% rise in hiring in 2023: Indeed report

Indeed, a global hiring and matching platform, surveyed 1,223 employers, 2,671 blue-collar jobseekers, and 2637 white-collar jobseekers

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

Apple to pay $25 million to settle discriminatory hiring practices case

Apple has agreed to pay $25 million to settle allegations that it engaged in a pattern of discriminatory hiring practices when filling some of its jobs during 2018 and 2019. The deal announced Thursday resolved a lengthy investigation by the Department of Justice into alleged violations of the Immigration and Nationality Act. Federal regulators said an inquiry that began in 2019 determined that Apple's hiring practices discriminated against U.S. candidates for jobs that were awarded to some immigrant workers seeking to be granted permanent resident status in the country. In some instances, Apple also discriminated against non-U.S. residents, according to the settlement. Apple vehemently denied any wrongdoing in the formal seven-page settlement defended its hiring record in a statement to The Associated Press. Apple proudly employs more than 90,000 people in the United States and continues to invest nationwide, creating millions of jobs," the Cupertino, California, company said. Whe

HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results

Indian patent office to hire 900 people to enhance manpower: DPIIT secy

Indian patent office (IPO) will be hiring 900 more people with a view to enhance manpower for processing the increasing number of intellectual property applications, a top government official said on Friday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that patent filing has increased by ten times and trademark application filing by six times since 2016. "We are trying to strengthen the capacity of our IPO to process these proliferation of applications. We are going to add 900 new positions for which recruitment is already underway in our patent office," Singh said at the national intellectual property conference. He also said that steps taken by the government has helped India improve its global innovation index rankings. India retained its 40th rank out of 132 economies in the Global Innovation Index (GII) 2023 rankings, according to a report by the Geneva-based World Intellectual Property Organization. Though the ranki

White-collar hiring declines 8.6% in Sep, amid a negative trend in sectors

White-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG, a report said on Monday. On a month-on-month basis, however, there has been a growth of almost 6 per cent in job postings. In September, there were 2,835 white-collar job postings, down by 8.6 per cent compared to the same month last year when 3,103 jobs were posted, according to Naukri.com's monthly 'Naukri JobSpeak Index'. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. The IT sector continued to face global headwinds and saw the hiring numbers dwindle in the last few months, the survey said, adding that BPO/ITES and FMCG also registered negative growth of 25 per cent and 23 per cent, respectively, in the period under review. "While the IT sector continues to stay impacted,

ED searches WB minister house in irregularities in hirings by civic bodies

The Enforcement Directorate (ED) began searches at multiple locations, including the residence of West Bengal Food and Supplies Minister Rathin Ghosh, on Thursday in connection with its investigation into the alleged irregularities in the recruitments done by the civic bodies in the state, officials said. Along with a large contingent of central forces, the investigators reached Ghosh's residence in Michaelnagar in North 24 Parganas district around 6.10 am, they said. Simultaneously, the investigators began searches at 12 other places in connection with the case, they added. It was not immediately known if Ghosh was at his house when the searches began. Ghosh, the TMC MLA of Madhyamgram, was earlier an office-bearer of the Madhyamgram Municipality. The ED has alleged that around 1,500 people were illegally recruited by different civic bodies in the state, between 2014 and 2018, against monetary considerations.

L&T's middle east order book swells with Saudi Arabia's construction boom

As of June, L&T reported an outstanding order book of Rs 4.12 trillion, with Rs 1 trillion of these orders originating from the Middle East

92% feel AI has made HR role more strategic since last year: Report

As Artificial Intelligence (AI) is bringing in a new era of work, a report on Wednesday revealed that 92 per cent of recruitment professionals in India feel their role has become more strategic in the last year, specifically in the area of talent acquisition. To ready their workforce for the changes ahead in the era of AI, business leaders interviewed in the country are relying on human resource and recruitment teams to lead the way, a report by the Microsoft-owned social platform LinkedIn said. The skills needed for jobs are estimated to change by at least 65 per cent by 2030 as rapid developments in AI accelerate workplace change, noted the report. The report revealed that around 92 per cent of talent professionals in India say their role has become more strategic in the last year, specifically in the area of talent acquisition. The majority (80 per cent) of HR professionals globally believe AI will be a tool that helps them in the next five years, enabling them to focus on the m

Recruiters start getting pink slips as corporate hiring slows down

Due to a slowdown in the hiring market, many recruiters are now finding it difficult to get opportunities

Employers in India anticipate measured hiring in next 3 months: Survey

Employers in India are anticipating a measured hiring pace in the next three months, as organisations are focused on investing in the professional development of their workforce and creating a positive work culture, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,020 employers across sectors and regions, hiring intentions have declined by 17 per cent when compared with the same time last year, while on a quarter-on-quarter basis, it has seen a marginal improvement of 1 per cent. The Net Employment Outlook for the October-December quarter stood at 37 per cent, up 1 per cent from the July-September quarter of 2023, and decreased by 17 per cent when compared with the same time last year. The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity. Employers cited professional ...

Access Healthcare to hire over 1,500 professionals in next 2 months

Third-party revenue cycle management company Access Healthcare on Tuesday said it is planning to recruit over 1,500 professionals in the next two months in the country. The hirings will be for various roles such as experienced callers, certified medical coders, medical billing professionals, finance and accounting, and roles in Artificial Intelligence (AI) and automation, Access Healthcare said in a statement. Fresh graduates will also be hired for call centre jobs, it said. Currently, Access Healthcare has 22,272 employees at its six centres in the country -- Chennai, Coimbatore, Mumbai, Pune, Noida, and Thiruvananthapuram. The new recruitments are for all centres, it added. "This expansion underscores our commitment to leading the healthcare sector into a future defined by technological excellence," Access Healthcare Founder and Vice Chairman Vardhman Jain said. Every hire is a strategic stakeholder in the company's vision, and the professionals will get opportunities to learn,