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Unfazed: India Inc hiring to gain momentum in 2022
Across sectors including edtech, consulting and manufacturing, firms are bullish on hiring this year. A recent Manpower survey put the hiring intent for the current quarter at a nearly eight-year high.
B-schools' Class of 2022 secures top grades on hiring street
At IIM Kozhikode, average salaries have shot up by around 30% from last year despite the institute having to place its largest batch till date - 546 students across three programmes. Bhavan's SPJIMR saw a 23% jump in average salary to Rs 32.05 lakh, with 59% of the offers above or equal to Rs 30 lakh; IIM Indore had a record-breaking average salary of Rs 25.01 lakh.
Industry struggles to attract talent amid exodus of senior professionals
Of the 300 middle and senior-level moves in investment banking in the last 12 months, about 65% have joined other domains, from startups to large corporations, according to data from executive search firm Native. At the same time, for several top investment banks, talent has become hard to come by across levels.
Pay hikes in India may go back to pre-Covid levels
Companies are upbeat about the economy and consumer confidence as most see Covid-19 as being unlikely to have an impact on the business cycle this year.
Jump in number of offers, top packages and average salaries at National Institutes of Technology
NIT Hamirpur has received five ₹1 crore-plus offers for international roles, its director, Lalit Kumar Awasthi, told ET. Before this, it had got one ₹1 crore offer in 2019.
It's time to update your CVs, India Inc's is going big on hiring
The demand is driven by several traditional groups and large companies going into newer growth areas, enhancing capacity and investing in digital and new business areas amid the massive disruption caused by the pandemic.
MBA grads set for pay cheer, B-school freshers may see 6.4% jump in pay packages
The Aon data, shared exclusively with ET, projects a 6.4% annual increase in compensation offered to students at Indian Institutes of Management (IIMs) and top tier colleges for 2022 against 4.9% last year and near to nil movement in 2020.
Manpower shortage may worsen for several sectors
Several sectors - especially manufacturing, engineering, construction, real estate, healthcare and pharmaceutical - are finding it increasingly challenging to source labour.
HomeLane concludes ESOP buyback worth Rs 27 crore for employees
HomeLane provided liquidity to all those who held vested Esops including active and former employees. Former employees were offered 100% liquidity, while active employees had the option to exercise up to 35% of their vested Esops. However, the active employees liquidated less than 50% of their eligible Esops.
180 recruiters line up at IIM Indore this placement season, highest package at Rs 49 lakh per annum
According to a statement shared by the IIM, the average package stood at a record-breaking Rs 25.01 lakh per annum, an increase of 6% as compared to the previous year. The highest package offered on campus is Rs 49 lakh per annum this placement season.
Cashfree Payments to double employee strength in 2022
“The rise in e-commerce penetration and widespread digital payments adoption has given us the opportunity to scale significantly and invest in skilled and talented individuals who will drive innovation and build a seamless payments ecosystem," said Akash Sinha, CEO and co-founder, Cashfree Payments.
Hiring intent still unruffled by Omicron threat
As per the Teamlease survey, 50% companies showed an intent to hire this quarter against 27% companies a year ago.
Firms offering hefty counteroffers to retain staff, but it's not turning out to be a win-win
Counteroffers are not turning out to be the win-win that they were perceived to be. Companies are discovering that employees may leave the organisation even after taking the counteroffers. So, while the risk of losing the employee continues, the morale of existing performers takes a beating.