Page 10 - Jobs

New formal hirings at a 34-month low in March, shows EPFO payroll data

Share of youth, women slightly increased; net payroll additions down by 7%

India must create 115 mn jobs by 2030 as more people enter workforce: Study

"To achieve this herculean task, India's growth engine needs to fire on all cylinders, from manufacturing to services in the next five years," research note read

Hiring up 69%: Motilal Oswal recruits 455 freshers as capital mkt heats up

Over 1,400 candidates from across more than 115 colleges/ institutions participated in the recruitment drive

Why are jobs so scarce today? What's ahead?

In the past one year and continuing, there have been layoffs galore; typically aggressive tech companies are shying away from recruiting from campuses, and it is said >

Nearly 51 mn person years of employment created annually in last 10 years

A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours

French BPM major Teleperformance to hire 15,000 people by end of 2025

The company plans to add 60,000 employees over the next three years in India

85% of 12,000 freshers set to join SBI in FY25 are engineering grads: Khara

Eighty-five per cent of about 12,000 freshers set to join the country's largest lender SBI in FY25 are engineering graduates, its chairman Dinesh Khara has said. The bank is in the process of onboarding up to 12,000 freshers in the roles of probationary officers and associates in FY25, and there is no bias towards onboarding engineers in the ranks, Khara said, stressing that this is not by design. After training the over 3,000 POs and over 8,000 associates with some banking knowledge, they will be channelised into various business roles. It can be noted that this comes at a time when the banking sector is increasing its dependency on technology as it looks for newer ways of enthralling the customer, while some players are also grappling with challenges on this front. "We expose them into banking and thereafter, channelise them into various roles in business and IT, depending on their aptitude and temperament, and that is something which is helping us ensure that there is a continuo

Jobs used to be on sale during Congress rule in Haryana, says Khattar

Former Haryana chief minister Manohar Lal Khattar alleged on Tuesday that jobs used to be on sale during the Congress rule in the state and said the BJP has set the system right and given jobs on the basis of merit. Khattar said the Bharatiya Janata Party (BJP) governments at the Centre and in the state have undertaken development work in various spheres. He alleged that there was favouritism in giving jobs during the previous Congress-led regime in the state. "Jobs used to be on sale. During the Congress rule, be it the job of a peon, clerk, superintendent, HCS, class 1, class 2 -- rates were fixed. "We set the system right and deserving candidates got jobs on merit. We have given 1.3 lakh jobs purely on the basis of merit," the BJP leader said while addressing a gathering during his roadshow in Samalkha, which falls under the Karnal parliamentary constituency. Khattar is the saffron party's candidate from Karnal in the ongoing Lok Sabha polls. "We will win all the 10 Lok Sabha

Teachers gather against Calcutta HC order in SSC recruitment case

The political heat in West Bengal has been giving the rising mercury levels serious competition since the SSC order

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

General Elections 2024 generate up to 900,000 temporary jobs: Experts

As the country goes through general elections, industry experts say up to 9 lakh temporary jobs are expected to have been created across different roles due to the hustings. The first phase of general elections was held on April 19 with 102 constituencies across 21 states and UTs going to polls. The last phase of the 2024 Lok Sabha elections will be held on June 1. "The exact number of temporary jobs created during the 2024 Lok Sabha Elections across the country would depend on various factors such as the scale of the election, the number of polling stations, and the requirements of election-related activities. However, on our platform, we anticipate at least 9 lakh jobs during the elections," WorkIndia CEO and co-founder Nilesh Dungarwal told PTI. The temporary jobs created during the 2024 Lok Sabha Elections encompass a diverse range of roles catering to different aspects of the electoral process, he said. He said some common positions include polling booth officials, election ..

Apple may employ over 500,000 people in India over the next 3 years

iPhone maker Apple through its vendors is expected to employ over 5 lakh people in India over the next three years, according to government sources. At present Apple's vendors and suppliers employ 1.5 lakh people in India. Tata Electronics, which runs two plants for Apple, is the biggest job generator. "Apple is accelerating hiring in India. At a conservative estimate, it is going to employ five lakh people in the next three years through its vendors and components suppliers," a senior government officer told PTI. When contacted, Apple declined to comment on the projection. Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years. According to market research firm Counterpoint Research, Apple led the India market with the highest revenue in 2023 for the first time, while Samsung topped the chart in terms of volume sales. The firm in its recent report said Apple surpassed the 10-million-unit mark in ..

In a first, IT services major Infosys sees a drop in net headcount

Total for FY24 stood at 317,240, down 7.6% from 343,234 in FY23

Google carries out fresh round of layoffs in an attempt to cut costs

The layoffs come during a period of sluggish hiring across the tech sector

Gen Z turns to tarot, astrology during appraisal season, reveals data

According to Astroyogi, career-related queries surged by 50-60 per cent as individuals turned to astrology in anticipation of salary hikes

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