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Micron to hire over 1,800 engineers in three years
Micron Technology President and CEO Sanjay Mehrotra said that the company sees the opportunity for new semiconductor designs to solve problems that are unsolvable in the past. "I'm very proud of what we have accomplished in India and the continued transformation that is happening here. We see growing opportunities in India, both as a region driving new design and innovation and also as a significant market," he said.
M&As, talent war put CXO severance packages in focus
As more acquisitions happen and the war for talent intensifies, severance pay agreements in India are witnessing a shift. An increasing number of CXOs who have equity as a significant part of their compensation are now asking for an accelerated vesting clause as part of the pact, say search firms and legal experts.
Salaries head north at all levels as EV companies race for talent
Salaries have gone up in all levels as EV manufacturers poach and get poached. They are also hiring from adjacent industries. At the top, senior executives are often getting a 50% or higher jump in salaries, while at the mid-level the increase is almost 100%, say experts.
HCL sweetens deal for freshers with better pay
HCL Tech reported an operating margin of 18% for the quarter ended March 31 and 18.9% for the full fiscal year, which were at the lower end of estimates due to higher employee costs and a seasonal dip in its products and platforms (P&P) business. The entry level compensation hike in FY22 came in addition to an existing programme that allows freshers to get additional certifications to increase their compensation to ₹6 lakh a year.
CXO hiring likely to touch a new record this year
Demand is coming in across sectors - led by digital and tech, but also buoyant across consumer, manufacturing, infrastructure, industrial, banking and financial services, automotive, clean energy, healthcare and lifesciences, among others, experts said.
India Inc may see more staff saying bye this year: Survey
The overall average attrition rate is projected at 19 per cent compared to the 2021 attrition rate of 12.1 per cent, show data from 100-plus companies across 18 sectors in the latest salary increment and workplace trends survey by human resources consulting firm Omam Consultants.
India Inc may see more staff saying bye this year: Survey
The overall average attrition rate is projected at 19% compared to the 2021 attrition rate of 12.1%, show data from 100-plus companies across 18 sectors in the latest salary increment and workplace trends survey by human resources consulting firm Omam Consultants.
Hiring plans of India Inc at a two-year high in Q1: Report
The survey, which covered over 800 small, medium and large companies across 21 sectors and 14 cities, shows that 54% companies showed intent to hire for white-collar and blue-collar roles in the April-June quarter, up from 18% during the June and September quarters of 2020 and 34% in Q1 of 2021.
CII: Need swift action on skilling to reap demographic dividend
The Confederation of Indian Industry said high quality school education, relevant higher education and skill development aligned to industry needs are some of the pre-requisites if India is to become an economic powerhouse, in its report - Harnessing India's Demographic Dividend for Boosting Growth. This not only creates good quality jobs for its youth, but also services the rest of the world, it said.
Hiring returns to pre-Covid levels across sectors
Executives at recruitment and executive search firms like ABC Consultants, EMA Partners, Transearch, TeamLease, CIEL and Kelly said hiring was showing traction not only in new-age technology sectors, but also across others where it had slowed down during the pandemic.
Work under MGNREGS falls 7% in FY22
However, it is 36.5% higher than pre-pandemic period, showing high dependence on the scheme for livelihood