Page 2 - Job Market

Employment push: New job scheme must be supported by structural reforms

The widespread skill mismatch and the low penetration of technical and vocational education have further compounded the problem

Jobless rate at 5.6%, women's work participation down in May, shows data

Unemployment in May rose to 5.6 per cent with youth and women most affected, while labour force participation fell to 54.8 per cent, latest PLFS data shows

Staff costs hurt India's global capability centres as maturity curve lags

Experts warn current trajectory could make several centres unsustainable

UK employment plunges most in 5 yrs, 276K jobs lost since Reeves budget

Tax data showed the number of employees on payroll tumbled 109,000 in May, the biggest decline since May 2020, the Office for National Statistics said Tuesday

India's job market sees high mobility, many seeking new roles: Report

India's job market is witnessing high mobility with a significant percentage of professionals actively seeking new roles, many are now negotiating for better pay within their current organisations, says a survey. The latest Talent Trends India 2025 report by Michael Page reveals that 62 per cent of professionals have negotiated a raise this year, and 37 per cent succeeded -- signalling a shift toward internal advancement. The rate of successful salary increases has risen from 32 per cent last year to 37 per cent this year. The report is based on insights from nearly 3,000 professionals across the country. According to the report, professionals are increasingly prioritising purpose, ethics, and flexibility in an organisation. "Today's workforce is increasingly values-driven and future-focused. Job satisfaction alone is no longer enough to ensure loyalty -- professionals are continuously evaluating their growth trajectory, alignment with company values, and the flexibility offered," .

Weaker margins cast a shadow on Info Edge despite segmental growth

Higher spends to keep Info Edge margins under pressure

US filings for jobless aid inches down modestly as uncertainty lingers

The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over US trade policy. Applications for jobless benefits fell by 2,000 to 227,000 for the week ending May 17, the Labour Department said Thursday. That's pretty close to the 230,000 new applications analysts forecast. Weekly applications for jobless benefits are seen as representative of US layoffs and have mostly bounced around a historically healthy range between 200,000 and 250,000 since COVID-19 ravaged the economy and wiped out millions of jobs five years ago. Even though President Donald Trump has paused or dialled down many of his tariff threats, concerns remain about a global economic slowdown that could upend the US labour market, which has been a pillar of the American economy for years. The US and China last week agreed to a 90-day pause in their trade war, giving financial markets a boost and at least temporarily ...

In US, 2 in 5 employees are considering quitting their jobs: Here's why

The survey, conducted on 1,000 American employees, notes that 1 in every 10 employee is actively planning to quit this year only

Top Career Tips by Philips Global People’s Head

Join Heidi Sichien, Chief People’s Officer at Royal Philips, as she shares insights on leadership, inclusion, AI in HR, and how young professionals can thrive in today’s evolving workplace.

Indian job market stays strong amid global uncertainty: Michael Page India

The Indian job market has shown resilience despite global uncertainties, with strong hiring across multiple industries, as the country's strength lies in deep technical expertise, cost efficiency, and a rapidly upskilling workforce, a top official of global recruitment firm Michael Page India has said. While economic slowdowns in certain regions have led to cautious hiring, India continues to see demand for skilled professionals, particularly in technology and digital transformation, as companies accelerate their digital roadmaps, Nilay Khandelwal, Senior Managing Director, Michael Page India told PTI. The country has actively positioned itself as a talent hub through STEM dominance, competitive salary structures, government-backed upskilling initiatives and expansion of Global Capability Centres (GCCs). GCCs are now focusing on AI, automation, and R&D, making India a strategic hub for innovation. Moreover, programs like Skill India and AI-driven workforce development are ...

US job growth beats expectations in March amid Trump's tariff concerns

The labor market is being underpinned by low layoffs, generating solid wage gains that are helping to sustain the economic expansion

Law to finance: Companies in a fix as applicants game job market with AI

More than 80 per cent of companies use AI somewhere in hiring, and one in four use it for the entire recruitment process

India may face an AI talent shortfall of over 1 million by 2027: Report

India is poised to become a global AI talent hub, but a looming skill gap threatens to hinder its progress, with a new study by Bain & Company revealing that the country's AI sector could face a shortfall of over a million skilled professionals by 2027. The report highlighted the urgent need for India to reskill and upskill its workforce to meet the growing demand for AI expertise. "India has a unique opportunity to position itself as a global AI talent hub. However, by 2027, the job openings in AI are expected to be 1.52x of the talent availability. The challenge -- and opportunity -- lies in reskilling and upskilling a significant portion of the existing talent base on emerging technology tools and skillsets," said Saikat Banerjee, Partner and leader in Bain & Company's AI, Insights, and Solutions practice in India. India's AI sector could surpass 2.3 million job openings by 2027 while the AI talent pool is expected to grow to around 1.2 million, presenting an opportunity to

Hiring in the AI Era: What Companies Look for in Leaders

Kester Scrope, Global CEO of Odgers Berndtson, shares leadership insights, hiring trends, and tips for Indian professionals in top multinational roles. A must-watch for aspiring leaders!

India's job market witnesses 41% growth in Feb on freshers hiring: Report

India's job market continued its upward momentum in February, witnessing 41 per cent year-on-year growth mainly driven by freshers hiring, a report said on Thursday. In February, fresher hiring rose by 26 per cent year-on-year (YoY) reflecting sustained employer demand for entry-level talent, according to data by foundit (formerly Monster APAC and ME), Asia's jobs and talent platform. There has been 41 per cent growth in hiring in February 2025 compared to a year ago, driven by the fresher job market which maintained steady growth, according to the report. Among sectors, IT - Hardware and Software continued to lead fresher hiring, nearly doubling its share from 17 per cent in 2024 to 34 per cent in 2025, the report said. "The shift towards skill-based hiring is undeniable. Employers are increasingly prioritising candidates with practical expertise and industry-relevant skills," foundit CEO V Suresh stated. The foundit Insights Tracker (fit) is a comprehensive monthly analysis of .

White-collar job market sees 4% growth in Feb; AI job demand leads: Report

The Indian white-collar job market maintained its growth momentum in February this year, recording a 4 per cent year-on-year increase, mainly led by recruitments in the Artificial Intelligence (AI-ML) and hospitality sectors, a report said on Monday. The job market has begun the new year on a positive note, reporting positive growth in both January and February. "Moreover, considering that February last year saw an 8 per cent de-growth, it looks even more promising this year around. While AI/ML hiring continues its buoyant trend, it is also encouraging to see sectors like Hospitality driving growth," Naukri Chief Business Officer Pawan Goyal said, quoting the Naukri JobSpeak Index report. The Naukri JobSpeak is a monthly Index that tracks Indian job market trends and hiring activity based on new job listings and recruiter searches on Naukri.com's resume database. Further, the report revealed that the other sectors which demonstrated positive performance in February include real est

Welfare schemes and rural jobs fuel labour crisis, say industry executives

Vimal Kejriwal, managing director and CEO of KEC International, in a recent call with analysts, noted that labourers earlier worked at a site for close to a year before availing their annual leave

GCCs expected to create 425,000 to 450,000 jobs this year, says report

Most of the hiring will be for entry-level talent, with demand for skills in customer experience and support services (17 per cent), cybersecurity and data protection (17 per cent)

Ex-RBI Guv Raghuram Rajan lauds Modi govt, hopes job market to get boost

Former RBI Governor Raghuram Rajan on Tuesday lauded the Modi government for doing a lot of good work on the infrastructure front in India and hoped there would be some concrete steps in the upcoming Budget to boost the job market. Speaking at a session on the US dollar here at the World Economic Forum Annual Meeting, Rajan also said the depreciation in rupee to near Rs 85-level against the US dollar is more because of the strengthening of the American currency rather than any domestic factor. The Modi government has done a lot of good work on the infrastructure front but the other key pillar that needs to boost consumption is the job market, he said. India is growing at 6 per cent, which is actually great but when we look at per capita figures, it needs to grow much faster, Rajan said. There is an urgent need to boost the job market, he said, adding, "a Union Budget is due in the next few days and hopefully we will see something there". When people talk about US dollar remaining

How employee referrals for tech jobs became a side hustle in market

While referrals are typically reserved for known quantities - former colleagues, or at least someone with a mutual acquaintance who can vouch for them - there's a burgeoning underground market