Page 4 - Jobs

Hiring outlook remains positive; 45% firms plan to recruit in FY26: Report

The hiring outlook for this financial year remained positive as 45 per cent of employers interviewed said they plan to hire for new permanent positions, a report said on Saturday. A significant 45 per cent of employers plan to hire for new permanent positions, while 13 per cent plan to replace manpower in their existing positions, workforce solutions and HR services provider Genius Consultants said in a report - Hiring, Compensation & Attrition Management Outlook Survey for 2025-26. The report is based on insights from 1,520 CXOs and senior-level dignitaries of organisations across various industries for the upcoming financial year. The report further revealed that the growth of the importance of temporary hiring is widely visible, as 26 per cent of the employers focus on temporary, contractual, or project-based roles. However, 16 per cent of organisations indicated no hiring plans for FY26, highlighting a cautious approach. When asked about the primary focus of hiring, the report

Fear of Trump's trade war sends US consumer sentiment plunging

US consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump's trade wars that have fuelled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan's closely watched consumer sentiment index, released Friday, fell 11 per cent on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. Over the past year, sentiment has tumbled 34 per cent. The decline was pervasive and unanimous across age, income, education, geographic region, and political affiliation, said Joanne Hsu, director of the survey. The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession. While consumer sentiment is not always a reliable indicator of the overall economy, it has at times reflected shifting vibes in how the public feels about presidential .

Tata Steel to transform Netherlands operations, plans to cut 1,600 jobs

Tata Steel's Netherlands operations were impacted in FY24 due to a delay in the relining of one of the blast furnaces

Hire calling: IIM placement season goes beyond Big Tech and Big 4

Offers from offbeat sectors lay out a bigger career canvas

Telangana women, Goa men spent most time on job activities in 2024

Among union territories (UTs), men in Delhi spent the highest time (406 minutes) on 'employment-related activities'

Will AI cut working hours? Bill Gates predicts 2-day workweek in a decade

Speaking on The Tonight Show Starring Jimmy Fallon, Bill Gates said advancements in AI would make intelligence freely available and commonplace

Datanomics: Religious sites drive tourism, boost jobs and revenues

According to the recent Ministry of Tourism data, religious tourism witnessed 1,439 million tourists in 2022, generating ₹1.34 trillion in revenue

Unemployed in MP? Govt will now refer to you as 'aspirational youth'

In a written reply to the MP Assembly, minister Gautam Tetwal said more than 26 lakh unemployed youths were registered on MP Rojgar Portal, a portal for jobseekers in the state

Women placement increased 6% point to 32% in last six years: Report

One in three candidates placed by Careernet is a woman, marking the highest representation in six years and a consistent trend over the last two years

Global Capability Centers salaries poised to grow 9.8% over next 12 months

The strong salary growth spans across junior and mid-level roles, fueled by demand in fields like AI, ML, Cloud Computing, and Cybersecurity

Jubilant Foodworks, Maruti Suzuki take the lead in PM Internship Scheme

Maximum interns who have joined the scheme are from Uttar Pradesh (1,234) followed by Assam (994), Bihar (715) and Madhya Pradesh (693)

Towards greener GST: Rationalisation must align with jobs, sustainability

GST rate rationalisation and expansion must be done not only to achieve simplification but also to subserve large-scale employment and environmental policy goals

Over 2 million AI jobs in India with a 1 million talent gap: Bain & Company

In 2025, India's total AI talent pool will grow from 800,000 in 2024 to 940,000. However, the baseline demand for AI talent, which will be 1.5 million, could peak at 2 million.

PM Internship Scheme 2025: Application process set to close on March 12

PM Internship Scheme 2025: As per the Ministry, each intern will get a monthly stipend of ₹5,000, and a one-time financial assistance of ₹6,000. The last date to apply is March 12

Global CEOs split on GenAI's impact on jobs, automation concerns rise

For instance, DBS Group expects its workforce to reduce by 10 per cent, or 4,000 employees, over the next three to four years

NCS portal registered 4 million employers: Labour secretary Dawra

The National Career Service (NCS) portal has mobilized over 440 million vacancies and registered 4 million employers, a top official said. NCS is a mission mode project under Ministry of Labour and Employment that provides a host of career-related services. The information was given by Labour Secretary Sumita Dawra during the first G20 Employment Working Group (EWG) meeting in South Africa that concluded on Friday. Case studies were presented on both eShram and NCS, which drew much interest of delegates of G20 members on India's strides in harnessing technology for the labour market, the ministry said in a statement. As per the case study on NCS portal, Dawra pointed that the portal had mobilized over 440 million vacancies and registered 4 million employers, bridging the gap between job seekers and employers. NCS is also integrated with the Skill India Digital Hub (SIDH). Upskilling initiatives in green jobs, AI, and the platform economy were prioritized to meet future workforce .

Unemployment rate in urban areas dips to 6.4% in December quarter: NSSO

The unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the October-December quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the December quarter of FY24 was 6.5 per cent. However, the rate stayed flat when compared sequentially. In the preceding July-September quarter of FY25, the rate of unemployment for people aged 15 years and above in urban areas was at the same level of 6.4 per cent, the 25th Periodic Labour Force Survey (PLFS) showed. The unemployment rate among females (aged 15 years and above) in urban areas declined to 8.1 per cent in October-December 2024 from 8.6 per cent in the same quarter a year ago. The rate was 8.4 per cent in July-September, 2024. Among males, the unemployment rate in urban areas remained flat at 5.8 per cent in October-December 2024 as compared to the rate of

India faces growing job crisis: Just 42.6% of graduates are employable

India's job crisis deepens as only 42.6 per cent of graduates are employable, sparking concerns over the growing skill gap in an AI-driven workforce

India to supply 100,000 care workers annually to global market: NSDC CEO

The NSDC is also placing special focus on partnering with educational institutions in Tier-II and Tier-III towns, as a large portion of the country's workforce resides in these areas

Blaming welfare schemes for labour woes ignores real economic shifts

For India Inc, like big business everywhere, the standard response is to view welfarism as an impediment to business plans