Page 10 - Jobs

US weekly jobless claims for unemployment benefits rises more than expected

The number of people receiving benefits after an initial week of aid, a proxy for hiring, dropped 19,000 to 1.791 million during the week ending March 23, the claims report showed

US layoffs surge 7% to reach 14-month high amid govt, tech cutbacks

Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year

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 ...

What are ghost jobs? How to identify them and tips for job seekers

An online survey by Business Standard showed that a staggering 73% of over 1,000 participants admitted to falling victim to ghosting in the job market

What are ghost jobs, and how can job seekers spot them

Have you ever come across a job vacancy that doesn't truly exist? An online survey by Business Standard showed that a staggering 73% of over 1,000 participants admitted to falling victim to ghosting

Paytm employees stare at 'voluntary resignations', firm denies layoff buzz

Paytm said the company is undergoing a routine appraisal process involving performance assessments which may lead to 'role adjustments'

'Public investment of 2% of GDP can create 11 mn jobs, majority for women'

Direct public investment of 2 per cent of India's GDP can potentially generate 11 million jobs, nearly 70 per cent of which will go to women, according to a report released by Ficci Ladies Organisation (FLO) on Wednesday. The FLO also unveiled a roadmap for transforming India's care economy, including five key areas, leave policies, care service subsidies, investment in care infrastructure, skill training for care workers, and quality assurance mechanisms. "In India, the Ministry of Labour and Employment can consider supporting MSMEs and startups financially for maternity leave, revising parental leave policies, and promoting care work leave and flexible work options. This could include introducing market-based financing for leave, such as parental leave insurance. Employers are encouraged to adopt gender-neutral care work leave and flexible work options," Ficci Ladies Organisation (FLO) stated. It said collaboration between government agencies and industry bodies can promote these

Govt initiatives, growing investment to create more jobs during decade: CEA

Various initiatives from the government and growing investment are going to create more job opportunities during the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. The last decade of the century was marked by a decline in capital formation in the economy and moderation in credit growth, he said at an event here. "Hopefully, those things are a thing of the past. Non food credit growth is now running close to 20 per cent, balance sheets of companies and banks are in good shape and hiring (is showing improvement)," he said. Quoting 2021-22 data, he said, employment in agriculture declined by 15 lakh, manufacturing and services added 37 lakh jobs each and the construction sector generated 19 lakh jobs, he said. "This trend we hope will continue in the future, as indicated by the robust gross value added growth in manufacturing and construction sectors," he said. Talking about various government initiatives for job creation, Nageswaran said, skill developmen

Ram mandir to govt jobs: Issues that may dominate Lok Sabha elections

Prime Minister Narendra Modi's guarantees, Ram temple in Ayodhya, and Congress' demand for a caste census would be among major issues in the BJP-ruled Madhya Pradesh during the ensuing Lok Sabha elections. Lok Sabha polls in Madhya Pradesh will be held in four phases on April 19, April 26, May 7 and May 13. Counting of votes will be held on June 4. Following are the key issues in the state for the Lok Sabha polls: Narendra Modi: If the November 2023 state elections are any indicator, the prime minister would be the ruling party's biggest poll plank. It would highlight Modi ki guarantee (Modi's promises) such as free food grains for the poor, and the achievements of the Union government in the past ten years. Ram temple: The BJP would take credit for the construction of the Ram temple in Ayodhya and attack the Congress for turning down the invite to the inauguration ceremony. Congress could try to blunt the criticism by pointing out that the lock of the earlier make-shift Ramlalla

Tata's chip plants to serve all sectors, generate 72k jobs: Chandrasekaran

Tata Electronics plants will gradually serve all sectors in a phased manner by supplying chips and generate around 72,000 jobs over the years, Tata Sons Chairman N Chandrasekaran said here. While speaking on the sidelines of the groundbreaking ceremony of Tata Electronics' Rs 91,000 crore chip manufacturing plant and Rs 27,000 crore chip assembly facility in Assam, Chandrasekaran said there will be the expansion of projects but only after the company cross the early milestones. He said Tata Electronics chips will cater to the requirements of various sectors, including automotive, power, electronics, consumer, and medical, among others. "There is a whole range of sectors, which have a need for chips in this sector. Obviously, we can't produce all form factors on Day 1. It will happen in stages, but we will be serving all sectors," Chandrasekaran said. Tata's chip plant is capable of producing wafers in 28 nanometers (nm) to 110 nanometer nodes, the chairman noted. High-tech gadget

Indian firms report strongest hiring outlook for Jun quarter 2024 globally

Employers in India continue to report bullish hiring outlook for the upcoming June quarter, with 36 per cent of companies planning to add more staff in the next three months, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,150 employers, India reports the strongest outlook among 42 countries across the globe. For the April-June period, 50 per cent of employers are forecasting an increase in payrolls, 14 per cent anticipating a decrease and 33 per cent expecting no change, while 3 per cent are unsure, the resulting net employment outlook is 38 per cent. "India tops the list of countries across the globe with a Net Employment Outlook of 36 per cent despite organisations struggling to activate their hiring plans with talent shortages at 80 per cent," ManpowerGroup said in a statement. India's net employment outlook has strengthened by 6 per cent since April-June 2023 and is down 1 per cent when compared to the same period ?last ..

Cost of apprenticeship right works out to be Rs 20K cr: Praveen Chakravarty

The current law, the Apprentices Act of 1961, mandates organisations of a certain size to take apprentices in the range of 2.5-15 per cent of their workforce, said Chakravarty

US weekly jobless claims unchanged as market continues to gradually ease

Initial claims for state unemployment benefits held at a seasonally adjusted 217,000 for the week ended March 2, the Labor Department said on Thursday

Lok Sabha polls: Congress unveils 5 guarantees to woo youth in poll promise

A Congress government will guarantee a "bharti bharosa" to the youth, where the Centre will take steps to fill three million vacant government jobs

Textile unit invests Rs 120 crore in Kathua, to employ 650 youths

Bloomtex Industries is one of the industrial units that has set up their unit in SIDCO, the new industrial estate at Kathua's Bhagthali

Fresh formal jobs created last year fell nearly 10%, shows EPFO data

EPFO data shows 10.78 mn new users joined compared to 11.93 mn in 2022

How to make your resume stand out in the AI era? Here's what you can do

In this AI era, employees across the world are leveraging new techniques to upgrade their resumes. Here's how you can stand out your resume in this digital era

White-collar hiring falls 11% annually in Jan, up 1% sequentially : Report

Hiring of white-collar workers fell 11 per cent on an annual basis in January, while it sequentially rose 1 per cent during the same period, a report said on Tuesday. On a year-on-year basis, the overall hiring in the IT sector declined 19 per cent in January this year. However, healthcare, hospitality and FMCG witnessed annual job growth last month in an otherwise cautious market, according to Naukri JobSpeak Index. 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 of Naukri.com. As per the report, hiring for niche AI-related roles such as machine learning engineer and full stack AI scientist jumped 46 per cent and 23 per cent, respectively, year-on-year. On an annual basis, hiring in the healthcare sector rose 7 per cent in January with maximum increase in demand for administrative roles. Recruitment in the travel and hospitality sector

Job market blues echo in the corridors of India's leading B-schools

Debashis Chatterjee, director, IIM-K, said that they recognise a downturn in the market, but there is no panic in the institute because there was a steady absorption of its students

US job openings unexpectedly rise by 101,000 to 9.026 million in December

Data for November was revised higher to show 8.925 million unfilled positions instead of the previously reported 8.79 million. Economists polled by Reuters had forecast 8.75 mn job openings in Nov