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Showing posts from August, 2023
Google or Amazon: Which is highest-paying tech firms for engineers?
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Hospitality sector on hiring spree as festive season nears
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Workplace harassment: Confusion mounts as all kinds of cases get filed under PoSH
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A lack of awareness on redressal mechanisms for general grievances in some companies, and a feeling among many employees that since PoSH is a women-centric and robust workplace law their cases will find a fair hearing and redressal if filed under it, is leading to internal committees and lawyers grappling with what falls under sexual harassment.
Hybrid is the clear winner in work-from-home Vs return-to-office battle
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While 76% of more than 3,800 employees across industry sectors said they are looking for employers offering either hybrid or work-from-home options, 73% said they would explore new job opportunities if their current employers did not allow such flexibility. In contrast, only 35% welcomed the decision of employers to increase the number of days employees are mandatorily required to work from the office.
For tech candidates, job switch doesn't pay what it used to; average hikes halve
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Salary increases for tech recruits have decreased by more than half in the past year due to a hiring slowdown across the tech industry. Companies are no longer desperate to hire candidates with high-end niche tech skills at any cost. Average salary increases have fallen to 35-40% from 50-100% for roles such as full-stack engineers, data engineers, front-end engineers, SRE/DevOps, data scientists, and back-end engineers. This marks a significant slowdown from a year ago when candidates had multiple competing job offers.
In expansion mode, many cos on the lookout for senior talent
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Consumer, retail, and FMCG companies and startups are increasing their hiring of senior leadership talent to expand their reach and launch new products. This trend has been confirmed by executive search firms and recruitment services firms. Companies like Nestle, Dabur, Clensta, and Citykart are actively seeking senior talent for various functions like marketing, finance, and HR.
Female CEOs lose ground in retail sector’s top echelons
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While the number of female CEOs had been trending upward in recent years, nearly 90% of Fortune 500 companies are run by men. Of the 86 retail companies in the Fortune 1000, 13 had a woman as CEO as of July 2023, down slightly from the year before, according to the executive recruiting firm Heidrick & Struggles.
As India eyes semiconductor glory, companies chipping away at gender gap
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Top Indian companies have very few people with disabilities on rolls
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According to latest workforce data reported by Nifty 50 constituent companies as part of their annual disclosures, only five out of these 50 companies have more than 1% people with disabilities on their rolls, with four of them being public sector companies. To be sure, public sector companies are required to reserve 4% of all jobs for disabled people in compliance with the Rights of Persons with Disabilities Act, 2016 - a target which all the analyzed companies fall short of.
Manufacturing majors look to hire more women engineers
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Several Indian manufacturing conglomerates including Larsen & Toubro, JSW group, Tata Power, and Vedanta have increased their intake of female engineering graduates at entry-level with a greater focus on diversity and innovation. In 2023, JSW group has almost tripled the number of female engineers hired through the graduate engineering trainee program. Similarly, L&T inducted over 3,000 trainees in FY23, out of which 30% were female engineers.
Women are queueing up for a second innings at work
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Jobs portal HerKey revealed a 58% YoY increase in the number of female professionals registering for returnee programmes in Q1 2021. The platform noted a 65% increase in total registrations from tier II-III towns in the same period. Several flexible work options, dedicated recruitment programmes and proactive enterprise engagement with talented professionals have encouraged the increase, said HerKey CEO Neha Bagaria.
Sarkaari banks trump private peers in drawing fresh talent
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High attrition rates in private sector banks has increased the appeal of public sector banks (PSBs) for job seekers. HDFC Bank, Axis Bank and Kotak Mahindra Bank have all recorded attrition rates between 34% and 50%, whereas PSBs such as State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank have experienced attrition rates of less than 5%.
A four-pronged strategy to succeed in the role of the chief marketing officer
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White-collar hiring rises amid positive indicators
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Data showed that for the first time in five months, the IT sector collective-the largest employment segment comprising tech services, products, global in-house centres of multinationals in India, as well as startups-posted a 32% m-o-m rise in open positions. However, despite the recovery in the active demand in IT, the sector closed 40% lower than the same period last year as companies remain cautious amid global headwinds.