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CXO hiring unfazed by downturn in job market
Even hiring in technology sector - which has seen a sharp comedown overall - continues at senior levels, especially for niche skills in areas such as cloud, artificial intelligence and automation, as companies across sectors focus on digitising businesses. IT services firms with strong global ambitions are still hiring as well.
Tinkering with ChatGPT, workers wonder: Will this take my job?
OpenAI's ChatGPT is the latest advance in a steady march of innovations that have offered the potential to transform many occupations and wipe out others, sometimes in tandem. It is too early to tally the enabled and the endangered, or to gauge the overall impact on labor demand and productivity. But it seems clear that artificial intelligence will impinge on work in different ways than previous waves of technology.
India Inc's Q1 hiring intent slips 4%: Report
According to the survey, which covered over 800 small, medium and large companies in 14 industries, 64% of the firms plan to increase their manpower resource pool in Q1 of FY24, down from 68% in Q4 FY23 as companies turn more cautious about their hiring plans.
Blue- & grey-collar job participation: Women taking a backseat in frontline crew
The percentage of women working in India's blue- and grey-collar workforce has increased just over one point in six years, according to data from BetterPlace. Women made up 13.2% of 102,905 workers in blue-collar roles at the end of 2021, compared to 11.96% in 2017. The challenges of women in the workforce are due to a lack of enabling support systems, cultural biases and stereotypes, according to experts.
Electric vehicle makers on a hiring overdrive to meet rising demand
Companies like Hero Electric, MG Motor, Simple Energy and Yulu Bikes are looking to hire employees for specialised profiles, such as EV technicians, battery recycling experts, software developers, as well as for manufacturing and engineering. On the agenda is not just hiring laterally, but also building up fresh talent through partnerships with educational institutions.
Nykaa records five top-level exits amid stock price pressure
These senior exits come at a time when the Mumbai-based company's stock, like other new-age firms, has faced a rout in the past few months on the bourses. The stock is down nearly 28% since it issued bonus shares on November 16 last year.
Green jobs hiring rises as companies eye sustainable growth
The talent pool is sparse as most of these profiles are new, human resources (HR) heads and executives at recruitment and staffing firms, including Randstad, Manpower, TeamLease and foundit (formerly Monster), told ET.
Marginal increase in e-recruitment in white-collar space in February 2023: Report
"Despite rising concerns at a macroeconomic level, there is a rise in hiring freshers as well as enabling a diverse and inclusive workplace. In February, there was a marginal growth of 1 per cent in e-recruitment space compared to same month last year. The tech industry, despite a few setbacks, remains the single largest employer of fresh talent and women," foundit, a Quess company, CEO Sekhar Garisa said.
BFSI cos scale up campus hiring amid global gloom
HDFC Bank has onboarded over 60% more from campuses this financial year over 2021-22 and added more institutes. "At our scale, the campus programme is a very important and sustainable avenue for onboarding young talent," said Geetha George, executive vice-president, human resources at HDFC Bank. "We will continue to invest in building talent through campus programmes in alignment with our overall growth plans."
Hiring intentions to remain marginally lower sequentially in Apr-Jun qtr this yr: Survey
"The government's aggressive investment in infrastructure and efforts towards ease of doing business by improving the connectivity between states is positively impacting the employment outlook," ManpowerGroup's India and Middle East Managing Director Sandeep Gulati said. Investment in upskilling, reskilling and a focus on preparing people for tomorrow's jobs should be the top priority of the management, he added.
Job market shrinks, but at slower pace
About 45% of Indian employers covered in the latest ManpowerGroup Employment Outlook Survey said they would hire more people in the coming quarter. While 15% of the employers expect a decrease in hiring intent or have no plans to backfill, 37% plan to keep workforce levels steady and 3% were unsure about hiring intentions, according to the findings that were shared exclusively with ET.
Banking, BFSI sector companies step up hiring amid job cuts in IT sector
Axis Bank, Kotak Mahindra Bank, Motilal Oswal Financial Services and IIFL Securities, among others, are looking at a higher talent intake both at the lateral as well as the fresher level in the next 6-12 months.
CXO talent crunch: Core sector companies facing acute shortage of talent at senior management
Executive search firms and industry experts said the problem has been years in the making as talented graduates have steadily moved away from the manufacturing sector.
Pay gap for women who have not been married getting bigger
The group’s median weekly earnings are 92.1% of what men who have never married make, a new report from Wells Fargo released Wednesday found. That gap has increased from a decade ago, when they brought in 95.8% of what men did.
White-collar gigs help women keep working in the layoffs season
In nine months from April 2022 to Dec 2022, there was a 3X increase in the number of women consultants registering for white-collar gig roles from the technology sector, according to data and research from the white-collar gig platform FlexingIt. For the same duration, the overall number of women consultants stayed stable.
Telecom industry likely to hand out salary hikes in 10-12% range
The 5G roll out is expected to play a major role for telecom companies while deciding the hikes as two of three private telcos continue aggressive roll out of their respective services. As a result, both technical and sales profiles will be given hikes, though executives in the former are believed to get slightly higher increments.
Consumer, hospitality staff likely to get best salary hike in 5 years
According to Aon, a global professional services firm which tracks the talent trends, the fast-moving consumer goods (FMCG) sector is set to offer double-digit (10.1%) average pay hikes this year, for the first time since 2019, and the hospitality sector too is likely to pay much higher increments (9%) after a sharp fall (1.4%) in 2020 following the outbreak of Covid-19 which brought business to a halt.
Women’s share in regular and salaried jobs declined
Female labour participation rate and employment numbers are rising, but women’s share in regular and salaried jobs has declined. More women are now self-employed.
Amid AI frenzy, HR wish list to bridge tech-people gap
The chatbot-human facilitator to bridge the gap between technology and people is one of the top items on the HR wish-list of India Inc. It also includes other HR-centric profiles to deal with the new realities of a hybrid workforce and the changing dynamics of employee wellbeing that bring in a new set of challenges.
White-collar job openings grow after eight months amid macro concerns
Economists and job market experts said the increase in the number of lateral white-collar job positions could be attributed to the need among certain sectors to recruit for their long-term growth plans as well as replacement hiring in sectors facing high attrition.