Page 7 - Hiring

India's hiring outlook for festive season shining, shows Indeed survey

69 per cent of employers surveyed are looking to hire temporary workers this festive season

'X' introduces job listing feature, to be available for verified users

The feature will be available to premium users for a monthly payment of $1,000 or Rs 82,300

Top headlines: Boeing starts production of Apache choppers for Indian Army

Business Standard brings you the latest headlines at this hour

Reliance, Vodafone, Airtel may increase their headcount by 25% in FY24

Reliance Jio's total headcount at FY23 end was 95,326; Airtel's headcount was 64,407; and Vodafone Idea's was 15,604

QwikSkills plans to hire 300 trained professionals by end of 2023

Skill development player QwikSkills on Wednesday said it is planning to hire 300 skilled professionals by the end of 2023. "By adding 300 proficient professionals to our ranks, we are augmenting our operational capabilities and reinforcing our commitment to delivering world-class skill training. Our goal is clear - to empower individuals with the most relevant skills, equipping them to thrive in an ever-evolving world," QwikSkills CEO Varun Mahajan said in a statement. At present, the company has 110 employees.

Fully remote work leads to 18% drop in productivity, shows research

The researchers, who studied newly hired data entry workers in India who were randomly assigned to either the home or the office, said that two-thirds of the drop in productivity was evident

Sebi initiates process to hire 2 executive directors, invites application

The appointment of executive director will either be on a deputation or contractual basis, for a period of three years, the regulator said in a public notice

Cognizant appoints six women executives as senior vice-presidents

Sailaja Josyula promoted as SVP; she is also the company's centre head in Hyderabad

White-collar hiring in India witnesses 3% decline in June: Report

White-collar hiring in India witnessed 3 per cent decline in June as sectors such as IT, Retail, BPO, Education, FMCG and Insurance also showed cautious hiring sentiments, a report said on Monday. According to the Naukri JobSpeak Index, on a year-on-year basis, June witnessed a 3 per cent decline with 2,795 job postings compared to 2,878 in June 2022. On a month-on-month basis, the job postings fell by 2 per cent. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market & hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. "The white collar job market of India is witnessing a structural shift. For a long time, jobs in the tech sector and in top metros were the key drivers of white collar job growth. "Of late, jobs in the emerging sectors such as real estate, oil and gas, pharma and BFSI have emerged as significant contributors to job growth," Naukri.com Chief Business Officer Pawan ...

TCS writes to board members about details on recruitment scam allegations

TCS is consulting with external auditors to investigate the situation, said a person aware of the development

Sebi invites applications to hire for 25 senior-level posts in legal dept

Capital markets regulator Sebi on Thursday invited applications for 25 senior-level posts in the legal department. The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role. In its public notice, Sebi has invited applications from Indian citizens for the post of Officer Grade A (Assistant Manager) in the legal stream. The candidates can apply for the posts through online mode till July 9. The regulator will conduct online examinations for the recruitment of these positions during August-September. To apply for this position, the applicants are required to have a bachelor's degree in Law from a recognised university or institute. While inviting applications, Sebi has also cautioned candidates against falling prey to any unscrupulous elements who may try to deceive them by false promises of securing jobs in the regulator, according to a public notice. In case any candidate co

Sun Life Financial's GCC to hire 1k people in India, Philippines in 2 years

Hiring comes at a time when GCCs in India expanding. According to the latest Nasscom-Zinnov report, India had 1,580 unique GCCs as of FY23

Zoho freezes hiring, selective recruitment for customer-facing roles

Amid global macro headwinds, Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring freeze for engineering roles and pruning marketing spending, although selective recruitment for customer-facing roles will continue. The software-as-a-service (SaaS) company announced investments across its entire portfolio to accelerate momentum in the mid-market and enterprise market - a segment it collectively refers to as 'upmarket'. The company, during a briefing, said it has logged a 65 per cent compound annual growth rate (CAGR) within the mid-market and enterprise segment, in the last three years. Praval Singh, VP of Marketing and Customer Experience, noted that while there are economic shifts, CIOs are looking to optimise on cost and value, and Zoho solutions are even more relevant in these times. "That is the silver lining and that is the reason for us being bullish more so in India. Certain parts of the world are more challenging but in .

Hiring appetite positive for Jul-Sep quarter amidst layoffs: Survey

The Indian labour market is indicating positive sentiments for the July-September quarter of this year and businesses in the IT industry continue to report the brightest hiring outlook, a survey said on Tuesday. According to the ManpowerGroup Employment Outlook Survey of nearly 3,020 employers, the labour market is indicating positive sentiments in the third quarter of 2023 despite news of layoffs and anticipated global economic slowdown. As many as 49 per cent of employers report higher intentions for hiring, while 13 per cent do not expect to hire, leading to a seasonally adjusted net employment outlook of 36 per cent. When compared to the same period last year, hiring sentiments have declined by 15 per cent, while there is a 6 percentage points growth when compared to the last quarter. Globally, employers in all 41 countries anticipate a net positive hiring outlook, with Costa Rica topping the chart with a net employment outlook of 43 per cent, followed by the Netherlands (39 pe

Slowdown in hiring by 7% witnessed in May, tier-2 cities shine: Report

The report also indicates that hiring activity is declining across industries with a 4 per cent month-on-month (MoM) decline. The decline can be attributed to several factors

Govt seeks applications for 15 judicial, technical jobs at NCLT, NCLAT

The government has sought applications for a total of 15 positions of judicial and technical members at the National Company Law Tribunal (NCLT) as well as the appellate tribunal NCLAT. As many as 15 posts, including that of 5 judicial members and 5 technical members, are to be filled up at the NCLT. Besides, applications have been invited for 3 judicial members and 2 technical members at the National Company Law Appellate Tribunal (NCLAT). The last date for submission of the applications online for NCLAT is July 5 and for NCLT is July 19, according to two separate notices issued by the corporate affairs ministry on Tuesday. Among other requirements for the positions at NCLT and NCLAT, the applicants should be at least 50 years old. A person should have been a judge of a high court or a judicial member of the NCLT for five years or has a minimum 10 years of experience to be considered for the post of judicial members at the NCLAT. Those with "proven ability, integrity and standing

Hiring sentiment in sales hit due to slowdown in mobile shipments: Report

The report suggested that while there are no job cuts yet, it could be a possibility, given the shipments do not pick up

IT sector growth to slow down further in FY24, hiring to be low: Icra

Indian IT companies revenue growth will slow down further to mid-single digits amid intensifying headwinds for the nearly USD 250 billion dollar sector, domestic rating agency Icra said on Wednesday. The continuing uncertainties are set to take their toll on hiring, and companies are expected to keep employee addition at "low levels" in the near term, the rating agency said, adding that the net addition is negative in the last two-quarters of FY23. As per industry lobby grouping Nasscom's report published in March, the sector's growth slowed down to 8.4 per cent in FY23 from over 15 per cent in the previous fiscal. "Despite a strong order book and deal pipelines of Indian IT services companies, Icra expects the revenue growth to remain subdued in mid-single digits in USD terms in FY2024," the agency said. It has maintained its stable outlook for companies in the sector, which is generally known to have the best quality on leverage positions. The agency said the growth momentum ...

upGrad Abroad to hire 500 freshers in 3 months to expand business

Edtech player upGrad's arm, upGrad Abroad, on Monday said it plans to add 500 members in the next three months to further expand its business footprints. The fresh recruits would be made across multiple sub-departments including sales, marketing, technology and product, upGrad Abroad said in a statement. This recruitment will mainly be fresh talent directly from college campuses and universities to accelerate employability. We have built a strong business model that is minimising geographical barriers not just for our learners but also for the back-end teams. Hence, it's critical for us to get more of such young employees on-board who are keen on international exposure and can work in sync with the brand's mission of easing the skilled talent mobility for several global economies," upGrad Abroad President Ankur Dhawan said. The vertical also expects to break even this year and cross Rs 500 crore of annual gross revenue during 2023-24. "We are building strong business pockets across

Staffing, IT software industries show highest demand for freshers in India

The demand for interns is the highest in the IT industry which accounts for 35 per cent of all openings: foundit data