Page 2 - Job Sector

Not condolences, real change needed: Harsh Goenka on EY employee death

Real change, and not condolences, is what is needed and India Inc must take steps, including setting clear work-life 'boundaries' and holding leaders responsible for toxic work environments, to foster a healthier workplace culture, RPG Enterprises Chairman Harsh Goenka said on Thursday. Reacting to the death of a 26-year-old chartered accountant, who worked with Ernst & Young, allegedly due to extreme work pressure at the firm, Goenka listed six actions, in a post on X, for India Inc to take urgently "following Anna Sebastian Perayil's of EYs tragic death to foster a healthier workplace culture". He called for implementation of mental health programmes, manageable workloads, and wellness initiatives to prioritise well-being, while also recommending support to new hires by offering mentorship to help employees adjust to new roles and environments. Asking corporates to tackle burnout, Goenka called them to "end the glorification of overwork; reward efficiency, not long ...

EY employee's death highlights job stress: 1 in 3 Asians face burnout

The tragic death of an EY employee has sparked social media discussions about the importance of work-life balance and burnout, which, according to a McKinsey report, is a greater concern for Asians

IIM-A PGPX highest salary offer falls to 6-year low at Rs 54.8 lakh

The highest-ever maximum earning potential (MEP) offered was Rs 1.08 crore in 2023. From 2018 to 2022, the average MEP was Rs 70.56 lakh

Turn of the intern: Can India Inc absorb 10 million interns over 5 years?

Experts observe that the main challenge with the scheme lies in the absorption capacity of India Inc, rather than its financial impact on the companies' profit and loss accounts

Budget a right start to resolve jobs issues: Experts at 'Budget with BS'

At the 'Budget with BS' event in Mumbai on Wednesday, economic experts shared their perspectives on the recently introduced Budget during an insightful panel discussion with Business Standard

Budget 2024: Freshers to get one month's free salary. Check eligibility

Budget 2024: As part of the Centre's employment-linked incentive scheme, first-time employees in the formal sector will be offered one month's salary as subsidy up to Rs 15,000

Budget 2024: Centre announces paid internship scheme in top 500 companies

Union Budget 2024: The announcement made by Nirmala Sitharaman was a part of the package aimed at boosting employment and enhancing India's skilling capacity

Decoded: Why did Karnataka introduce 70% quota for locals in private jobs

The now paused bill mandated a 50 per cent quota for administrative roles and a 75 per cent quota for non-administrative roles in the private sector for the locals, triggering a massive row

Karnataka CM Siddaramaiah deletes 100% job quota post, shares clarification

A controversy erupted after Siddaramaiah, in a now-deleted post on 'X', had said that Karnataka had approved a Bill mandating the private industries to give reservation to local Kannadigas in jobs

April business growth at near 14-year high on robust demand, show PMIs

The reading has been consistently above the 50-mark separating expansion from contraction since August 2021

Upgraded National Career Service portal to give job market a fillip

May leverage AI, ML to make it more efficient; launch in 6-8 mths

Top IT firms report headcount drop amid weak demand, delayed deal cycle

Major Indian IT companies like TCS, Infosys, and Wipro saw a significant drop in employees during FY24 due to reduced client budgets and delayed deal cycles

McKinsey starts eliminating around 360 jobs as client demand slows

The firm has warned about 3,000 of its consultants that their performance was unsatisfactory and will need to improve

Entry-level coders must specialise to minimise risk of job loss: Experts

India has seen 15-20% drop in entry-level tech jobs, potentially linked to AI automation

MEA asks Indians seeking jobs in Cambodia to check background of employers

The external affairs ministry on Thursday cautioned Indian nationals against falling prey to human traffickers promising lucrative job opportunities in Cambodia. In an advisory, the ministry called upon Indians looking at job opportunities in the Southeast Asian country to thoroughly check the background of the prospective employer. "It has come to attention that Indian nationals, lured by fake promises of lucrative job opportunities in Cambodia, are falling into the trap of human traffickers," it said. The ministry said these Indian nationals are "coerced" to undertake online financial scams and other illegal activities. "Indian nationals intending to visit Cambodia for employment are cautioned to do so only through authorised agents. It is also advised that the background of the prospective employer in Cambodia is checked thoroughly," it said. "In the meantime, the ministry of external affairs, through our mission in Phnom Penh, is working closely with the Cambodian authorities

Senior-level roles to see average 20% pay hike on bright economic sentiment

Salary hike in senior level job roles is expected to reach an average of 20 per cent this year, as nurturing talent and fostering innovation remains a key focus area for companies amid the country's buoyant economic conditions, says a report. According to the Michael Page India Salary Guide 2024, there is a resurgence in hiring within traditional industries, particularly evident in the continued high demand for manufacturing and operations roles. Additionally, there's a notable surge in the need for professionals skilled in data analytics, generative AI, and machine learning across various sectors. The annual guidance report covers the key sectors of BFSI, engineering & manufacturing, finance & accounting, healthcare & lifesciences, human resources, legal, compliance, procurement & supply chain, property & construction, sales & marketing, and technology. According to the report, India's 6 per cent GDP growth coupled with significant domestic investments and ...

Job cuts: McKinsey offering some staff nine months' pay to leave firm

McKinsey and its peers in the consulting world have trimmed headcount, delayed start dates and slowed the pace of hiring over the past year amid declining demand from clients

Today's youth don't run after govt jobs, but are job creators, says Goyal

Today's youth don't run after government jobs but have become job creators, Union minister Piyush Goyal has said. He was addressing a meeting Saturday night of the residents of Adarsh Welfare Association in Malad suburb of North Mumbai Lok Sabha constituency, from where he is contesting as a BJP candidate. BJP's incumbent North Mumbai Lok Sabha member Gopal Shetty also addressed the meeting and requested the housing complex members to vote for Goyal. Today's young men and women don't run after government jobs (but) with their talents become job creators. Today's youth are taking the country forward with new experiments and innovation, Goyal said. In the last 10 years, PM Narendra Modi took strong steps to strengthen India's economy. He attempted to bring in good governance in all areas. He brought in many schemes for the welfare of the poor, the Commerce and Industry minister said. PM Modi worked to bring India from the five fragile economies to the top five economies, the ministe

Dell reduces workforce as part of broader cost cuts, limits external hiring

The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month

Job security, positive work culture among priorities for employees: Report

Job security, positive work culture and regular feedback are among the priorities for employees in India, according to a report released on Wednesday. The findings are part of consultancy firm Mercer's 2024 Global Talent Trends report that includes insights from more than 500 employees in Indian organisations. Globally, the report gathered insights from over 12,200 C-suite executives, HR leaders, employees and investors across 17 geographies and 16 industries. In a release, Mercer said that regular feedback is a priority for Indian workers. Compared to the global average (42 per cent), a higher percentage of Indian respondents (50 per cent) said that they receive regular feedback on how their performance and skills impact their careers. "Job security and positive work culture are top priorities for Indian employees. When asked about their top reasons for staying with their employers, 37 per cent of Indian respondents cited job security, while 36 per cent mentioned a positive work .