Page 12 - Jobs

Employment jumped post-Covid but 2 in 5 young graduates still have no jobs

The workforce participation rate of females has improved in the last five years, especially in rural areas. But this is not due to the rise in the number of jobs but self-employment

Foxconn aims to double workforce, investment in India over next 12 months

In August, the state of Karnataka said Foxconn will invest $600 million for two projects in the state to make casing components for iPhones and chip-making equipment

Recruiters start getting pink slips as corporate hiring slows down

Due to a slowdown in the hiring market, many recruiters are now finding it difficult to get opportunities

SAP's India arm eyes more patents, jobs amid artificial intelligence push

The company, which looks to double its AI talent base by 2024, expects "3,000 new joinees to enter the organisation every year", Gangadharan said

LTTS to add 2000 employees to cater to rising software demand in vehicles

We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, CEO of LTTS Amit Chadha added

Citigroup prepares for job cuts as it revamps top management structure

The moves will result in a number of job cuts, though the company doesn't yet have firm targets for how many employees will be affected

Share of AI/ML in telecom firms' workforce rises to 20% on 5G rollout

By the end of financial year 2023-24 (FY24), the proportion of AI/ML-led jobs is seen to reach 23 per cent

India witnesses decline in data science & analytics jobs in 2023: Report

Great Learning report reveals that the highest job opportunities are available for people with one to five years of experience compared to freshers and seasoned professionals

India economy added 52 million new formal jobs in FY20-23: Report

The economy has added around 5.2 crore new formal jobs between FY20 and FY23, with the net addition being 2.7 crore, according to a report based on an analysis of the EPFO, NPS and ESIC data. The government has since April 2018 releasing monthly payroll data from the Employees Provident Fund Organisation or EPFO, the National Pension Scheme or NPS and the Employees State Insurance Corporation or the ESIC, based on the recommendations given by Ghosh & Ghosh report. The EPFO payroll data trends for the past four years show that net new EPF subscriber addition during FY20-23 was 4.86 crore, which consists of new payroll (first payroll), second payroll (rejoined/resubscribed members) and formalised payrolls. Accordingly, the net new payroll (first job/fresh job) adjusted for re-joined/re-subscribed members and formalisation (based on ECR data), shows that the actual net new payroll was 2.27 crore during FY20-23, SBI Research said in a report Tuesday. Of this, the first jobs were 47 ...

Employers in India anticipate measured hiring in next 3 months: Survey

Employers in India are anticipating a measured hiring pace in the next three months, as organisations are focused on investing in the professional development of their workforce and creating a positive work culture, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,020 employers across sectors and regions, hiring intentions have declined by 17 per cent when compared with the same time last year, while on a quarter-on-quarter basis, it has seen a marginal improvement of 1 per cent. The Net Employment Outlook for the October-December quarter stood at 37 per cent, up 1 per cent from the July-September quarter of 2023, and decreased by 17 per cent when compared with the same time last year. The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity. Employers cited professional ...

Precarious employment conditions may increase risk of early death: Study

People without a stable job contract can reduce their risk of premature death by 20 per cent if they find permanent work, according to a study

White collar hiring falls 6% in Aug on caution in IT, auto sectors: Rpt

White collar hiring in India witnessed a 6 per cent year-on-year decline in August following cautious sentiment in IT, insurance, auto, healthcare and BPO sectors, a report said on Monday. In August this year there were 2,666 job postings, as against 2,828 job postings in the year-ago period. On a sequential basis, hiring went up by 4 per cent in August 2023, as against 2,573 job postings in July 2023, according to the 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. "Jobspeak Index for August 2023, reveals optimistic hiring sentiments being driven by non-IT sectors such as oil and gas, hospitality, and pharma. "The IT sector also showed positive signs, registering sequential hiring growth after declining for the past few months. This is a healthy indication of normalcy trends returning to white-coll

Punjab sees fivefold rise in study loans; statistics indicate exodus

Experts told Mint that the difficult job market in Punjab has led to young individuals seeking opportunities abroad

Assam to advertise 22,000 govt jobs in two months, says CM Himanta

Assam Chief Minister Himanta Biswa Sarma has announced that 22,000 posts will be advertised within the next two months in order to recruit one lakh people for government jobs under the present BJP-led regime. At an official function, Sarma distributed appointment letters to 514 candidates of the last Assam Direct Recruitment Examination (ADRE) to fill up vacancies in Class-III and Class-IV posts under various departments. The total number of government jobs offered till date during his term as the chief minister stands at 87,402, Sarma said. "Within a month or two, advertisements for recruitment to fill another 22,000 vacancies will be published. That will take the total number of recruitments to well above the 1-lakh promised earlier," he said on Sunday. The BJP had promised to provide one lakh government jobs in Assam during the campaigning of the 2021 assembly polls. Sarma said the decision to offer one lakh jobs to unemployed youths of Assam was ratified by the state cabinet i

US hiring likely to slow again amid writers' strike, Yellow bankruptcy

Two high-profile events in particular - the Hollywood writers' strike and the bankruptcy of trucking company Yellow Corp

US jobless claims applications inch back down as firms hold on to employees

US applications for unemployment benefits fell slightly last week as companies held on to employees in an economy that has largely withstood rapidly rising interest rates, intended to cool hiring and spending, for more than a year. The number of Americans applying for jobless benefits last fell week by 4,000, to 228,000 the week ending August 26, the Labor Department reported Thursday. The four-week moving average of claims, which evens out some of the weekly volatility, rose by 250 to 237,500. Jobless claim applications are seen as representative of the number of layoffs in a given week. The Federal Reserve, in its now year-and-a-half battle against inflation, has raised interest rates 11 times to 5.4 per cent, the highest level in 22 years. Part of the Fed's intent was to cool the job market and bring down wages, which many economists believe suppresses price growth. Though some measures of inflation have come down significantly from as much as 9 per cent down closer to 3 per c

Rojgar Mela in Sikkim: 104 recruits get job orders including 7 locals

Rozgar Mela was organised on the premises of the Sikkim Tourism Department building in Gangtok in which appointment letters were distributed to newly inducted personnel in different Forces on Monday

Over 15 mn jobs created across 9 sectors under Modi govt: Bhupender Yadav

Union Minister for Labour and Employment Bhupender Yadav on Monday said more than 1.5 crore jobs have been created in nine organised sectors, including IT, manufacturing, trade and transport, during the nine-year rule of Narendra Modi government at the Centre. Yadav was speaking at a Rozgar Mela organised at the Central Ordnance and War Skills School (CSWT) of the Border Security Force (BSF) in Madhya Pradesh's Indore city. More than 1.5 crore jobs have been created in nine organised sectors, including information technology, manufacturing, trade, transport, education, hospitality and medical sector, besides agriculture during the Modi government's tenure, he said. Yadav said along with the expansion of manufacturing capacities in the country, the registration of new industries and enrolment of new members in the Employees' Provident Fund Organisation (EPFO) has increased, which shows a positive growth rate of employment. Nine years ago, India used to be among the five most fragile

Fresh formal job creation touches 9 month high in June, shows EPFO data

The monthly data released by the EPFO is part of the government's ongoing effort to monitor formal-sector employment using payrolls as a metric

Odisha approves nine new industrial projects to generate 2,500 jobs

The Odisha government on Monday approved nine new projects worth investment of Rs 873 crore which will create employment opportunities for 2,500 people in the state, an official said. The approval was made at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by chief secretary PK Jena. Petronet LNG Limited's compressed biogas and fermented organic manure plant will be set up with an annual capacity of 33,065 M in Deogarh district, the official said. Pearl Precision Products Private Limited also received the approval for a cutting-edge plastic faucet, water tank, pipes, and fittings manufacturing unit at Paradeep Plastic Park in Jagatsinghpur district. Indopet Polyplast Private Limited has received the nod to establish a high-capacity manufacturing unit for food-grade pet bottles, jars and pre-forms, with an annual capacity of 8,000 MT in Khurda district, the official said. The state government also approved TRL Krosaki Refractories Limited's proposal. The