Page 5 - Job Market

Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report

"This will be viewed as a net positive for investors, but we now need to see more detail on how long the benefits will take to appear," he said

10% fewer fresh formal jobs created in Apr-Sep period, shows EPFO data

Besides, the number of young subscribers belonging to the 18-28 age group declined by 9.54 per cent to 3.93 million this year from 4.34 million in the corresponding period last year

AI and the global job market

The AI-driven world may align more with the Keynesian hypothesis than Elon Musk's gloomy prophecy of no jobs

TMS Ep542: Job market, corporate governance, IT stocks, Operation Ajay

What explains the duality in India's job market? Are Indian family businesses serious about governance? Should investors buy the dips in IT stocks? What is Operation Ajay? All answers here

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

IIM Lucknow bucks the job market trend, logs 100% summer offers

IIM Lucknow students secured 576 offers in diverse corporate roles

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

Parents tell children there's no going back: Police on suicides in Kota

When she first moved to the Chinese tech hub of Shenzhen after graduating from college, Marguerite Wang imagined she would spend her career working hard in a big city. Instead, she's living with her parents in her hometown in north-eastern China. A record of more than one in five young Chinese are out of work, their career ambitions at least temporarily derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19. Wang, who was laid off from a gaming company in December, is among an estimated 16 million young Chinese who, daunted by the difficulties of finding decent jobs, have moved back home. She asked that her English nickname be used out of concern that speaking to foreign media might hurt her job prospects. After spending six months unsuccessfully applying for jobs in Shenzhen, the 29-year-old did something she had never imagined doing: she asked to move back home. Now she spends her days watching soap operas and studying ...

'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

Remote working preferred by employees, helps cos attract talent: Experts

As remote working and flexible work arrangements take precedence over salary for a large number of jobseekers, experts see this as an opportunity to attract and retain talent. According to a survey titled 'The Job Search Process: A Look from the Inside Out', two thirds of respondents prioritise hybrid or remote working engagements. Also, 71 per cent of these respondents feel the freedom to work from home, setting flexible hours and taking breaks as needed were important factors in their job search. The survey based on responses collected from 1,810 individuals, including 561 employers and 1,249 jobseekers, was carried out by jobsite Indeed India. While 63 per cent of the jobseeker respondents registered their preference for hybrid working or a mix between working from home and office, 51 per cent of companies also reflected offering such flexibility in their operations. Annanya Sarthak, co-founder and CEO of Awign -- a job search application for gig workers -- said: "Today's ...

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

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

T'gana posts 31% growth in IT exports, adds 127,000 jobs during 2022-23

Telangana registered 31.44 per cent growth in information technology exports and added nearly 1.27 lakh new jobs during 2022-23, surpassing the expectations

Job search engine ZipRecruiter lays off 20% of global workforce

Job search engine ZipRecruiter has announced to reduce its global headcount by approximately 270 employees, which represents approximately 20 per cent of the company's total number of employees

Salary growth falls to 9% in FY23 led by agri, auto, BFSI sectors: Report

Job market experienced slower salary growth in 2022-23, as the overall increments decreased to 9 per cent from 10 per cent in the previous financial year mainly due to sectors including agriculture and agrochemicals, automobile and allied, BFSI among others, a report said on Tuesday. The overall salary growth has dipped in FY23 to 9 per cent compared to 10 per cent in 2021-22, according to staffing company Teamlease Services' 'Jobs and Salary Primer Report' for 2022-2023. Agriculture and agrochemicals, automobile and allied, banking, financial services and insurance, BPO and IT enabled services, construction and real estate, educational services, fast moving consumer durables, FMCG, hospitality, industrial manufacturing and allied, power and energy, ecommerce and tech start-ups, healthcare and allied industries and retail exhibited less than 9 per cent growth. The Teamlease Services Jobs and Salary Primer Report FY22, covered 403 employers and 357 unique employees across 9 hub citie

Overall job demand in IT sector falls 5% yearly in April, says report

White-collar job demand in April declined by 5 per cent compared to the same month last year with 2,715 job postings following a correction in hiring in the IT sector, a report said on Monday. Overall job postings on Naukri.com platform stood at 2,863 during April 2022, according to the Naukri JobSpeak Index. Active hiring in non-tech sectors such as real estate and BFSI (banking, financial services and insurance) mitigated the dip in IT sector hiring, the report added. 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 on Naukri.com. It further revealed that the real estate sector spearheaded non-technology industries, witnessing a 21 per cent upswing in recruitment compared to the same month of the previous year. This growth predominantly resulted from an increase in new launches of residential and commercial properties across metropolit

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

Job aspirants from across country form collective for 'right to employment'

More than a hundred organisations including job aspirants' collectives have joined hands to form a youth alliance named 'Sanyukt Yuva Morcha' with an aim to shape a "nationwide youth movement" for employment, a member of the group said on Tuesday. The group said it will launch campaigns for a 'right to employment' as a legal guarantee for every adult, and will also fight for a basic minimum wage. The group will also demand filling up of all vacant posts in the public sector in a "fair and time bound manner." Bihar and Madhya Pradesh teacher aspirants, Uttar Pradesh police candidates, army and railway candidates, ASHA workers, and several other such groups have come together from over 22 states including Punjab, Tamil Nadu, Kerala, and Jammu and Kashmir to take the campaign forward, according to a statement by the group. Advocate Prashant Bhushan, who is backing the campaign, said that the group has the "potential to become a movement bigger than the Lokpal." "There is a lot of ...

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

China job prospects, incomes plunge to new lows amid economic slowdown

But while economic activity is expected to eventually rebound, it's unclear how quick that will happen given the spread of infections and the weakness in confidence