Page 4 - Job Sector

Amazon India inks pact with Indian Coast Guard over work opportunities

E-commerce giant Amazon India on Wednesday signed an agreement with the Indian Coast Guard (ICG), under the Ministry of Defence, to provide ex-service personnel with work opportunities across the company. With this Memorandum of Understanding (MoU), Amazon India will collaborate with the ICG to help ex-servicemen from military backgrounds pursue their corporate careers through opportunities at Amazon or in other corporate roles, the company said in a statement. "Due to the deep appreciation of the wealth of experience and unique perspective of ex-service personnel, Amazon runs the Military Veterans Employment Programme globally. "With the signing of this MoU, we are excited to work with the Indian Coast Guard towards a common goal of creating meaningful work opportunities for our veterans and their families," Amazon India, Japan and Emerging Markets VP, People Experience Technology, Deepti Varma said. In August 2019, Amazon India launched a Military Veterans Employment programme to

Working professionals have job redundancy fears over emerging tech: Report

A majority of working professionals are concerned about job redundancy due to emerging technologies and believe that upskilling could help them navigate in the rapidly changing work landscape, says a report. The report drew insights from a comprehensive survey that reached out to 2 lakh individuals, consisting of students, working professionals, and academicians. "A significant 82 per cent of working professionals expressed concerns over potential job redundancy due to emerging technologies. This finding underscores the unease within the workforce about the impact of evolving technologies on job security," the report by Hero Group company, Hero Vired, said. Despite these concerns, the report said 78 per cent of working professionals recognise upskilling as a proactive strategy to navigate the rapidly changing work landscape. This acknowledgment reflects a growing awareness of the need for continuous learning and skill enhancement to stay relevant in today's dynamic job market, it .

Hospitality industry expects hiring to speed up after robust growth in 2023

The Indian hospitality and tourism sector is expected to see accelerated hiring going forward after witnessing a robust growth this year with domestic travels leading the way, according to industry players. With a report by the Hotel Association of India (HAI) projecting the hotel industry's direct contribution to India's GDP to reach USD 1 trillion by 2047, experts believe there will be a minimum of 25 per cent rise in the need for workforce, with the adjacent industries like travel, aviation, ticket booking, travel guides, and consultants to be increasingly in demand. "The hotel industry's direct contribution to India's GDP reaching USD 1 trillion by 2047 is a significant milestone. This substantial growth will undoubtedly bolster job creation within the sector, providing employment to millions of individuals across diverse skill sets," HAI Vice President K B Kachru told PTI. Kachru, who is also Chairman Emeritus & Principal Advisor, South Asia Radisson Hotel Group, further said

Naive to believe new technology will cause no job loss: Meity secretary

Traditional jobs in the BPO sector are drying up and it will be naive to be under the impression that there will be no job loss due to the advancement of technology, a senior government official said on Thursday. While speaking at CII's Global Economic Policy forum, Ministry of Electronics and IT, Secretary S Krishnan in response to a question on the impact of artificial intelligence on jobs said that there will be fear among people but equally skilling will become an important task to help people move up in the value chain. "We will be naive if we believe that there will be no job losses as a result of new technology. The comparison to the Industrial Revolution is also very apt in that regard. When you had greater mechanization than naturally, jobs were lost and there were many people who were extremely fearful of job losses," he said. Krishnan said there will be substantial productivity enhancement in certain sectors which will then free up a lot of people. "I think, then what ..

Govt blocks 100 websites involved in job scams, illegal investments

The Ministry of Home Affairs also asked users to be alert and take precaution, especially before investing in any such very high commission-paying online schemes sponsored over the internet

US 10-year yields hit three-month lows on concerns for weak jobs report

Private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed on Wednesday, below forecasts for 130,000 in jobs gains

Net apprenticeship outlook projected to rise 75% in Oct-Mar period: Report

The Net Apprenticeship Outlook (NAO) metric could see a 75 per cent jump in the second half of the fiscal year, as per a report. According to the Teamlease Degree Apprenticeship's 2023 Outlook Report, the NAO increased to 56 per cent and 66 per cent in the same period in the past two years, respectively. It is now projected to rise 75 per cent in the October-March period. A Compound Annual Growth Rate (CAGR) of nearly 30 per cent showcases that organisations view apprenticeships as a talent development strategy that drives skill enhancement and workforce development, the report said. TeamLease Degree Apprenticeship Vice President Dhriti Prasanna Mahanta told PTI that NAO metric for 2023, which is a key indicator of employer sentiment, has reached an all-time high. "In the labyrinth of India's rapidly evolving workforce landscape, apprenticeships have emerged as a pivotal bridge between education and employment." "The NAO metric signals a remarkable 75 per cent increase in employe

Functional skills like testing, ERP in demand amid muted IT hiring: Report

Even as recruitment in the IT sector remained muted, demand for talent with functional skills like ERP, automotive design, testing and administration continued to surge in the second quarter of this financial year, a report said on Tuesday. Hiring remained muted in the IT sector, as organisations have adopted a wait-and-watch approach in light of geopolitical tensions, putting a hold on discretionary spending, said 'Skills Report' by business solutions provider Quess Corp. However, with the IT sector the demand for talent with functional skills such as development, ERP (enterprise resource planning), automotive design, testing and administration among others continued to surge during the second quarter of FY24, it added. "For the first time in recent history, large IT services companies have shown a decline in headcount and reduced guidance values, signalling a collective exercise of caution in navigating the future. We believe this uncertainty will continue for a quarter or two ...

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

Recruitment scam: IT company TCS fires 16 employees, bars 6 vendors

India's largest IT services company TCS on Sunday said it has fired 16 employees and barred six vendors in connection with a recruitment scam. Our investigation found 19 employees to be involved16 employees have been separated from the company for code of conduct violations, and three employees have been removed from the resource management function, the company said in a late evening statement. It also added that six vendors, their owners and affiliates have been debarred from doing any business with TCS. In late June, reports had surfaced of a recruitment scam at the largest software exporter, wherein vendors tasked with some functions were alleged to have indulged in malpractices in collusion with TCS staffers. The allegation came to light within weeks of K Krithivasan taking charge as the company's chief executive and was the first major challenge faced by him. The issue relates to breach of the company's code of conduct by certain employees and vendors supplying contractors,

Myntra to scale up share of women hiring to over 21% this festive season

This drive seeks to hire women from economically disadvantaged backgrounds and extend the opportunities for means of livelihood

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

Flexi staffing industry witnesses 14% of growth in new jobs in FY23

Flexi staffing industry logged 14 per cent growth in new jobs in the country in 2022-23, Indian Flexi Staffing Federation (IFS) said on Tuesday. Members of the industry body ISF collectively added 1.77 lakh new flexi jobs in FY23, driven by the surge in employment particularly in key sectors such as e-commerce, logistics, manufacturing, tourism and hospitality, FMCG, consumer durables, and healthcare, a statement said. Women's participation in the flexi workforce continued to account for 24 per cent in FY'2023. These findings were unveiled in the ISF's Annual Flexi Staffing Industry Employment Trend Report -2023, which was released on Tuesday. The reported figures for new flexi jobs by the Indian Staffing Federation represent the combined contribution of both General Flexi Staffing and IT Flexi Staffing industries. The report highlighted that as of March 2023, the total flexi workforce employed by members of the Indian Staffing Federation reached 14.4 lakh. General Flexi Staffing

Compensating employees with money cuts attrition rate to 5%: Report

The report was conducted to study the impact of research and recognition on attrition in India in 2022. Over 100 firms and one million employees participated in the project

Judge has no business to give interview about pending cases, SC on job scam

The Supreme Court on Monday sought a report within four days from the Registrar General of the Calcutta High Court whether Justice Abhijit Gangopadhyay gave an interview to a news channel about the pending case related to the sensational school job-for-bribe case in West Bengal. A bench comprising Chief Justice D Y Chandachud and Justice P S Narasimha took strong note of the purported interview given by Justice Gangopadhyay to a news channel allegedly about the case, and said A judge has no business to give an interview about pending cases. The bench asked the Registrar General of the high court to file a report after taking instruction of the judge on or before Thursday and fixed the plea of TMC leader Abhishek Banerjee for hearing a day after that. On April 17, the top court had stayed the Calcutta High Court's April 13 order directing the CBI and the Enforcement Directorate to interrogate Banerjee and Kuntal Ghosh, an accused in the case, and file a report based on that. Prior t

Real estate growth depends on job security of people: Gera Developments MD

Tight monetary norms would mean funding will become harder for developers, he says

Canadian firm Clearco lays off 30% of workforce in second round of job cut

This is the second round of job cuts, as back in July, Clearco laid off 125 employees or 25 per cent of its workforce.

Day 1: IIT Guwahati bags highest foreign job offer of Rs 2.4 crore

A total of 25 offers with pay packages in excess of Rs one crore per annum were extended at the end of Session 1.1 on Day One of the recruitment process at IIT Madras

Falling rupee, rising costs, job insecurity dampen study-abroad sentiment

Mass layoffs by tech biggies add to concern, but demand from non-metros robust

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