As many as 2.6 million freshers were actively looking for job opportunities in the last 30 days
Firm expects the electronic manufacturing services market to boom
The PLI scheme for IT hardware was notified via a government notification on May 29, 2023, with a total budget outlay of Rs 17,000 crore
The average salary hike at Maruti Suzuki this year is 14-15 per cent
While the core sector showed a positive sentiment, hiring in the country's IT services sector fell to its lowest level since December 2020
A fraction of employees surveyed even got hikes up to 20-25 per cent for their exceptional performance
The report also said that both the services and manufacturing sector's intent to hire for the marketing functional area increased slightly
Yamuna Expressway Industrial Development Authority (YEIDA) says Apple suppliers have applied for land with the authority
Recruiters say recruits are leveraging talent crunch to demand flexible work and high salaries
It has the potential to generate employment for millions (skilled and unskilled labour) in India, Icra said
Samsung plant is projected to create 2,000 high-tech jobs, would start production in the second half of 2024.
High-contact services jobs from airlines to hotels and malls to multiplexes were the first to collapse amid protracted lockdowns aimed at containing the virus
The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.
Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21
Move aimed at easing compliance burden for companies; experts see it as micromanagement
The Industrial Relations (IR) Code, 2020, notified on September 29, has allowed companies to hire contract workers directly through fixed-term contract, known as fixed-term employment
In the absence of clarity about the impact of this crisis on demand and supply, any measure undertaken presents the possibility of proving to be eminently wrong when clarity eventually emerges
Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny
Factory workers can only be brought back if there is assurance of advance payment and compensation, besides safety at the workplace, say manufacturers.
The recruitment scenario may be grim right now but the market is gearing up for a U-turn and there is already a silver lining showing in the automobiles sector, which is actively hiring for the manufacturing, sales and quality control roles, says a study. According to TimesJobs RecruiteX, the automobiles sector noted an 8 per cent growth in talent demand in December 2019 as compared to November 2019. It further noted that the infrastructure sector posted the highest growth of 14 per cent in talent demand. "The hiring sentiment right now is hinting at the 'revival mode'. The automobiles sector is a classic example here. The sector is undergoing a major revamp in its offerings as electric vehicles and alongside it is also prepping up its personnel requirement to fit the new scheme of thing," said Sanjay Goyal, business head, TimesJobs and TechGigsaid. "In December 2019, the sector was actively looking for professionals who can make (R&D) and sell the new product lines. The ...