Page 2 - Human Resources

SIKICH INDIA WELCOMES SIDDHARTH SHARMA AS HUMAN RESOURCES DIRECTOR

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Budget to plug skill gap, boost employment creation: HR, ed-tech industry

HR and Ed-tech industry experts on Tuesday said budget proposals on skilling, internship and job creation will help address the need for a skilled workforce and boost employment generation for youth. Experts termed the Budget for 2024-25 presented by Finance Minister Nirmala Sitharaman as forward-thinking which aligns with the vision of a 'Viksit Bharat'. Direct Benefit Transfer (DBT) of up to Rs 15,000 is set to boost formal employment by making it more attractive for industries to hire new talent, they added. Sitharaman in the budget announced an outlay of Rs 2 lakh crore for several schemes targeting 4.1 crore youth. The minister announced a provision of Rs 1.48 lakh crore for education, employment and skilling programmes. TeamLease Degree Apprenticeship Chief Strategy Officer Sumit Kumar said with targeted outreach to 4.1 crore youth over five years, the initiative is poised to make a significant impact by seamlessly integrating education, skill development and employment. "Up

HR, technology integration key challenge for Fincare-AU SFB merger

AU Small Finance Bank may find it challenging to manage the asset quality of Fincare SFB's microfinance institution portfolio

CIEL Group acquires strategic stake in Courseplay, plans IPO in FY25

HR solutions provider says acquisition will help it expand business abroad

Back to campus: Startups to fire up hiring engine for talent boost

Hiring among these startups increased by 20 per cent during the year compared to 2022. Moreover, they reported that the reduction in their workforce decreased by 7 per cent in 2023

Kotak Mahindra Bank appoints Anupam Kaura as chief human resources officer

Kaura, who joins the private sector lender from Crisil's London office, has been appointed to "spearhead organisational transformation", according to a statement

Data-driven hiring, nearly double-digit pay hikes to mark HR ways in 2024

Data-driven hiring ways, inclusive and diversity-focused practices and nearly double-digit salary hikes are likely to leave their stamp on the human resource landscape in 2024 as companies continue to scout for the right talent amid economic uncertainties. Over the last few years, the expectations of candidates and employers have changed dramatically. Employees want workplace flexibility, a greater emphasis on diversity, and impartial hiring processes, while companies are eager to provide fair, engaging and streamlined candidate experiences to attract and retain top talent, according to experts. Designing comprehensive well-being programmes, including flexible work arrangements, inclusive culture and work-life balance policies will be among the priorities for companies. Experts said that data-driven hiring will be one of the key trends that will redefine the HR landscape. AI-powered tools will revolutionise HR practices by automating repetitive tasks and providing personalised ...

Hero MotoCorp appoints Vivek Anand as CFO; Rachna Kumar as CHRO

The Company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO)

Most Indian organisations' skilling programmes below average: Study

Cornerstone OnDemand's Talent Health Index Report finds that 60% organisations lag in automation and learning strategies

3 out of 4 professionals believe AI, HR function can coexist: Keka's Report

Three out of four business professionals believe that artificial intelligence (AI) and human resource (HR) functions will coexist, states the Keka's Report

Govt addressing lack of human resource supply in hospitals, says V K Paul

Paul highlights major infra push given in healthcare sector

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

RazorpayX Payroll enables payslip, reimbursement filing through Whatsapp

India's HR payroll software market is projected to reach $14.31 billion by 2030

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

Cashfree Payments appoints Chetan Yadav as senior VP-human resources

Yadav will look after teams such as human resources business partners, human resources operations, talent acquisition, and administration

Byju's ropes in former Infosys senior exec Richard Lobo for HR functions

Edtech major BYJU's on Monday said it has roped in former senior executive of IT company Infosys, Richard Lobo, to drive the company's human resource functions. Lobo joins BYJU's after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of Human Resources, the edtech firm said in a statement. "His extensive experience and leadership in HR will be instrumental in further enriching our work culture and ensuring that the welfare of our team members remains at the core of every decision we take," BYJU's Founder and CEO Byju Raveendran said. "I'm excited to take on this pivotal role and work closely with the team at BYJU's to build on their achievements, and help transform the organisation to be future ready," Lobo said. Richard joined Infosys in 2000. He is credited with bringing technology and analytics to the HR function as Infosys scaled to become a global leader in technology and consulting, the statement said.

Byju's hires Infosys veteran Richard Lobo to steer human resources function

Lobo joins Byju's after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of HR

59% HR leaders believe that there would be selective hiring in 2023: Survey

71% of leaders believed that attrition had declined in 2023, while 17% believe it s the same as 2022 and 13% stated that it had increased

Bhel appoints IRPS officer Krishna Kumar Thakur as new HR Director

Thakur comes with 25 years of experience in handling HR and administration in the Indian Railways as well as other central public sector undertakings (PSUs)

At Wipro, future hikes to depend on upskilling, reskilling, says HR boss

Saurabh Govil has stated that niche skills such as generative AI and cybersecurity will be important for employees