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Telecom Sector may see job openings doubling to 38k in FY23 as 5G Looms
The current scale and pace in the telecom industry is driven by "the rapid evolution of new technologies like AI, the Internet of Things (IoT), 5G, advanced data analytics and Edge computing," said Deval Singh, business head - telecom, IT& ITeS, media and government, TeamLease Services. This has led to a shift in skill requirements in the sector with a demand for candidates who are equipped with new-age skills.
27.3 million people in India need digital skill training immediately: Amazon Web Services
Amazon Internet Services Private Limited (AISPL) Head of Business Development for Education & Training Amit Mehta said that the digital transformation wave is a unique opportunity where India can be a global talent pool and drive a USD 1 trillion economy for India as well as for the world.
Investing in skills of future can add USD 8.3 trillion to global economy: WEF
The Reskilling Revolution initiative, a coalition of 50 CEOs, 25 ministers and 350 organisations committed to realising these gains for their economies, societies and organisations, marked two years of progress at the World Economic Forum (WEF) Annual Meeting 2022 in Davos on Wednesday.
Hiring may slow down soon as Russia crisis, rising rates bite
Leading recruitment firms and HR experts said the second half of the calendar year may see a 10-20% slowing down from current levels across replacement hiring as well as new job creation, with companies pulling back on astronomical hikes and counteroffers that have become par for the course in recent times.
Fresh techies seeking greener pastures in first year
Attrition among BE/BTech graduates in 2022 is higher than other degree holders including bachelors and masters of business administration, pharmacy, engineering and technology, according to the Deloitte Campus Workforce Trends survey shared exclusively with ET.
Jobs return to India Inc: Temp hiring sees record off-season numbers
Manufacturing, retail, fast-moving consumer goods and durables, ecommerce, logistics, edtech, fintech, BFSI and NBFC, and telecom industries are all hiring, as are newer clients in electric vehicles (EV), solar and renewable energy, staffing firms said.
Broking Houses doling out mega bonuses, increments
Leading discount broking platform 5paisa.com has given an average salary increment of 15% this year, up from 12% a year ago. The top performers got much more than that, said Pankaj Adhav, head HR business partner.
Most jobs Covid-proof now; pay near normal: TeamLease Services Jobs and Salaries Primer 2022
On the salary front, top paymasters for 2022 include ecommerce and tech startups, healthcare and allied industries, IT and knowledge services, which saw increments of more than 10%.
Govt pegs NREGS persondays work generation at 227.6 crore
The labour budget for 2021-22 stood at 337.76 crore, in 2020-21 at 385.67 crore, in 2019-20 at 277.63 crore and in 2018-19 at 256.56 crore.
White-collar job openings stay above pre-Covid levels in April
According to data collated from LinkedIn and top company job boards by specialist staffing firm Xpheno, and shared exclusively with ET, the number of active job openings in April was 305,000, up 53% from a year earlier.