Page 3 - India's Job Market

Fresh formal job creation declines to six-month low, shows EPFO data

The monthly data released by the EPFO is part of the government's effort to track formal-sector employment by using payrolls as an instrument

Most Indian employees confident about AI-led job growth in 1-5 yrs: Report

With Artificial Intelligence (AI) set to revamp India's recruitment landscape, 85 per cent of employers interviewed said they are expecting AI to create new jobs in 1-5 years, a report said on Thursday. Employers also believed that AI could improve the nature of employees' tasks (85 per cent) and improve job security and opportunities for career development for their employees (77 per cent), according to a report by global job site Indeed. A majority of jobseekers (63 per cent) also said that they were excited about the potential impact, with 53 per cent agreeing that AI is likely to create more jobs, it added. This report reveals that jobseekers are not only aware of the promise of AI but are also excited about its potential. It demonstrates that jobseekers are ready to embrace AI as a force for positive change in their careers. However, employers must work together to devise frameworks that allow the effective use of AI in order to facilitate technological advancement, Indeed Indi

As firms go on hiring freeze, freshers looking for jobs hit record-high

As many as 2.6 million freshers were actively looking for job opportunities in the last 30 days

Amid dull job market, tech graduates enlist in boot camps to boost skills

The demand for boot camps in firms like Upgrad, Coding Ninjas, Scaler, Great Learning, and Newton School has risen by 2-3 times in the last 6-12 months

'How bad is the job market?': Applicants spooked, experts optimistic

A start-up receiving 3,000 job applications in 48 hours reflects how substantial the churn is

New formal job creation at 4-month high in April, shows EPFO data

Of the new subscribers, the share of women saw a marginal increase to 225,395 (26.6 per cent) in April from 190,630 (25.1 per cent) in March

Hiring slows down by 7% in May YoY, as companies cut expenses: Report

Hiring activities have slowed down by 7 per cent in May compared to the same month last year mainly due to companies adopting cautious approach to cut expenses on the back of economic slowdown, a report said on Thursday. Foundit (formerly Monster APAC & ME) released foundit Insights Tracker (fIT), presenting the latest findings on monthly hiring trends. The latest tracker indicates there has been a 7 per cent slowdown in hiring compared to the same time last year. However, despite the general decline, positive trends were seen in tier II cities like Ahmedabad and Jaipur. The tracker indicated that hiring activity is declining across all industries, with a 4 per cent month-over-month (MoM) decline. The report noted that this decline can be attributed to several factors like economic slowdown, which has forced companies to cut expenses. The significant skills gap in the country has also complicated employers' hiring process by making it challenging to locate qualified candidates, it

Centre to hire retirees in health, education sectors amid rising talent gap

The Centre could devise measures that encourage businesses to employ retirees through part-time work arrangements, an official said

TMS Ep426: Indian jobseekers, cricket aggression, FPI inflows, SCO

What does WEF report mean for Indian jobseekers? Is Cricket going the Football way? How will Fed's pause impact FPI flows into India? What is Shanghai Cooperation Organisation? All answers here

India to witness less job churn in the next five years: WEF report

Report says social jobs grew at a slower pace than non- social jobs in India

India not prepared for full force of artificial intelligence adoption

Only 11% of jobs in India can be automated against global average of 18%, says Goldman Sachs' assessment of 30 countries

Monster.com makeover: Renamed foundit.in, it's now a talent management firm

Platform will offer comprehensive solutions to recruiters, highly personalised services to job seekers; firm says transition is in line with its mission to connect talent with right opportunities

TMS Ep300: India's job market, EV scooter, Markets, MAC

Why're we getting mixed signals from India's job market? How the EV scooter market saw consolidation? Can US midterm election trigger a market rally? What's Mangrove Alliance for Climate? Answers here

Why are we getting mixed signals from India's job market?

After Twitter, Meta Platform too has announced massive job cuts. The Indian job market is also facing some heat, especially in IT services. How does the IT piece fit in the larger job market puzzle?

Cognizant introduces 'two merit cycles' for employees to rein in attrition

Cognizant Technology Solutions has introduced a one-time, 'two merit cycles' for calendar year 2022 (CY22) for its employees to arrest attrition

50 mn networking conversations witnessed among rising workforce in Q3: Apna

Apna.co said it has facilitated professional networking through various algorithms and technology tools

India's job market outlook strong for Oct-Dec as 54% companies plan to hire

India's hiring outlook remains strong with 54 per cent of companies planning to hire in next three months amid predictions of growth opportunities for developing countries in the wake of ongoing geopolitical conflicts, says a survey. According to the ManpowerGroup Employment Outlook Survey released on Tuesday, the labour market is indicating strong sentiments for October-December 2022. The survey is based on interviews with more than 40,600 public and private employers across 41 countries and territories to measure anticipated employment trends each quarter. This sample allows for analysis to be performed across specific sectors and regions to provide more detailed information. As per the survey, in India, 64 per cent expect to increase their staffing levels, 10 per cent anticipate a decrease in hiring intent and 24 per cent do not anticipate any change, resulting in a seasonally adjusted Net Employment Outlook of 54 per cent. The hiring outlook in India is ranked second globally,

Indian job market unfazed by inflation, hiring up 29% in Q1: Report

The job market in the country remained unfazed by inflation in the first quarter as most companies believed that it is not going to change hiring and salary of their employees, according to a report. Despite fears of inflation, most jobseekers are not adversely affected by inflation as far as their livelihood and expenses are concerned, with six in 10 jobseekers saying they are not affected much, the quarterly hiring tracker by global job site Indeed revealed. In line with the employee sentiment, 89 per cent of employers interviewed said inflation will not change the way companies hire and pay employees, it added. The Indeed Hiring Tracker of Q1, FY23, is based on a survey of 1,229 employers and 1,508 employees during April-June 2022. Indeed's hiring tracker also indicated a positive job momentum growth with employers increasing hiring by 29 per cent in April-June 2022 compared to a 20 per cent increase in the previous quarter. The findings further revealed that 37 per cent of all

81% Indians believe their jobs can be done remotely, says survey

A whopping 81 per cent of employees in India believe that their jobs can be done remotely, according to a survey

IT, BPM industry to add more 300,000 jobs by FY2023: TeamLease report

Companies looking for candidates with digital skills and engineering graduates from smaller cities