Latest News

At least one in two Indian employees are worried about losing their jobs to AI compared to one in three in developed countries, according to the findings of Randstad work monitor quarterly pulse survey shared exclusively with ET.

The Bank of Maharashtra (BOM) is recruiting for the post of Credit Officer Scale II and Credit Officer Scale III. They have started the online application for the same and eligible candidates can apply on their website bankofmaharashtra.in till November 6, 2023. Candidates will be selected basis of an online exam and interview.

Conflict resolution skills are essential for leadership and team development. Leaders who excel in these skills can transform conflicts into opportunities for growth, innovation, and stronger team cohesion.

There is a significant pick-up in hiring for frontline roles such as sales executives, tele-callers, customer care representatives and collection agents, driven by an increase in retail lending, festival demand, and a huge rural and semi-urban push, industry officials and staffing companies said.

Resilience is a critical quality that successful leaders possess, as it allows them to bounce back from challenges and adversity. Resilient leaders can navigate uncertainty, handle failure, manage stress, inspire teams, build trust, and encourage innovation. They exhibit characteristics such as a positive outlook, adaptability, problem-solving skills, emotional intelligence, self-regulation, determination, and effective communication.

Transformational and transactional leadership are two prominent leadership styles that have gained attention in management and organizational psychology. Transformational leadership focuses on inspiring and motivating followers, while transactional leadership uses rewards and punishments to achieve performance outcomes. Transformational leaders possess charisma, have a clear vision, communicate inspirationally, empower their team, build supportive relationships, emphasize personal growth, and are willing to take risks.

After 10 years of the Companies Act 2013, one in five board members in Nifty-500 companies is a woman. While this shows progress, there is still work to be done. The law has ensured that all 500 companies have a woman director, but many have only one. Larger boards also tend to have fewer women directors.

Bharti Airtel, a telecom company based in New Delhi, plans to double its campus hiring from tier 1, 2, and 3 colleges this year. The company aims to add over 700 campus hires from more than 100 colleges across India to drive growth in its various lines of business. This move comes at a time when startups and IT companies are hesitant to hire due to funding issues. Airtel is expanding its campus programs to reach new colleges and target specific roles such as sales, engineering, and business solutions.

Market research is a crucial factor in the product management lifecycle. It helps validate product ideas, understand the target audience, identify market gaps, and shape product positioning. At each stage of the lifecycle, market research plays a pivotal role.

"An important decision was taken at today's Cabinet meeting. A decision was taken to fill up 12,000 vacancies for constables. Out of it, 8,400 are for male constables while 3,600 are for lady constables and the recruitment will be done through the West Bengal Police Recruitment Board," Urban Development minister Firhad Hakim told reporters after the meeting.

The progress of the airport is a model for the entire country. Before the opening of the second terminal, there were 25,000 employees in the airport. Now there are 38,000 employees. This number will reach 50,000 in next two years, he added.

The Cricket World Cup in India is expected to create up to 100,000 additional jobs and boost salaries for temp and gig workers. Recruitment services providers estimate that the demand for manpower during the tournament will range from 50,000 to 100,000 workers. Companies are witnessing a 40% increase in salaries for gig and temp workers, with a rise in demand during the World Cup and festive season. The ripple effect of the tournament includes increased demand for television sets, high-speed internet connections, and online ticket sales. The 10 host cities are experiencing a significant uptick in job opportunities and economic growth.

India's electric vehicle (EV) industry is aggressively recruiting talent from engineering colleges for various roles in research and development, design, production, and management. Companies like Tata Motors, Hero MotoCorp, and Ola Electric are among those recruiting from top campuses such as NIT Calicut and IIT-BHU. The demand for EV talent has surged, signaling a positive trend in a year when overall tech hiring has been impacted. The industry's focus on hiring reflects the growing shift towards EVs in the country, especially in the two-wheeler segment.

Chief financial officers (CFOs) are changing jobs more frequently as companies seek experienced CFOs to ensure financial stability, meet accounting and regulatory norms, rationalize costs, and raise funds in a volatile business environment. This high turnover has also led to an increase in CFO compensation, with some CFOs earning salaries closer to those of CEOs.

Amazon India has announced that it has generated over 1 lakh seasonal job openings in preparation for the upcoming festive season. These job opportunities include both direct and indirect positions and are available in various cities across India. The hiring push comes ahead of Amazon's 'Great Indian Festival', which is set to begin on October 8.

The job search for young graduates and entry-level candidates has reached a record high as companies narrow their hiring funnel. In the last 30 days, about 26 lakh entry-level freshers actively sought job openings, which is significantly higher than the typical range of 10-12 lakh. The increase in job hunts is due to a tightening economy, macroeconomic headwinds, and companies cutting costs. Hiring freezes and downsizing in sectors like IT/ITes and start-ups have also created a vacuum in the entry-level job market.

The Big Four accounting firms - EY, PwC, Deloitte, and KPMG - are engaged in a talent war as they seek to strengthen their advisory practices and fill gaps in their service portfolios. Deloitte recently hired 150 members, including 15 partners, from KPMG, prompting KPMG to actively court Deloitte partners and their teams. PwC is also said to be poaching eight partners from KPMG, along with over 150 executives. The demand for talent has intensified as the Big Four firms have reported significant growth, fueled primarily by advisory sectors such as consulting and transactions.