ATTRACT TALENT
India Inc now picks its C-level champions from indoor pool
Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.
Infosys hunts for talent among women professionals out on a career break
The women should meet two criteria, they should have work experience of at least two years before taking the break and should have had a break of six months. Shaji Mathew, group head of HR at Infosys, said the company has crafted a strategic approach to support women in managing the diverse personal and professional challenges they encounter throughout their careers.
Most entry-level job seekers prioritise competitive wages, benefits: Survey
Employers are focusing on competitive wages and growth opportunities to attract top talent amid shift in preference among employees away from 9-5 jobs.
Beyond the paycheck: What employees look for and how employers can fix hiring gaps
The changing work culture is causing a gap between employer and employee expectations in hiring and retention. Companies struggle with mismatched salary expectations, required skills, and cultural fit issues. Nonprofits and FMCG companies face the most challenges. Many employees in India and Asia Pacific prioritize flexibility and career progression. Ageism is evident, especially in sectors like Insurance.
Hospitality industry faces huge talent crunch; to add a million jobs in next few years, say experts
The surge in tourism post the pandemic has catalysed an unprecedented increase in hospitality hiring, particularly in entry-level apprenticeship and trainee positions, Randstad India said, adding that the sector has witnessed a remarkable growth of more than 200 per cent in apprentice and trainee hires over the last two years. According to industry reports, the hospitality industry is currently one of the biggest employment generators with the formal sector offering jobs to over 40-50 lakh people, while for the informal sector, it is difficult to give a number, but it is huge.
Pay gap shrinks: Will BTech grads stay MBA course?
A Deloitte survey revealed a significant narrowing of starting salaries between MBA and BTech graduates in India. The pay gap has reduced to 57% in 2024 from 102% in 2021, potentially impacting the appeal of costly management courses for BTech graduates.
India Inc makes a play for equality: L&T and Amazon lead the way with all-women teams in engineering and delivery
Engineering giant L&T has established an all-women team at Tata Steel's mining site in Odisha, handling large machinery repairs, inspired by a successful pilot. Amazon, which initiated all-women virtual customer service in 2020, now operates nine all-women delivery stations in various locations. Companies like Shell, KFC, and Dr. Reddy's are also creating all-women teams in various sectors, boosting productivity, reducing attrition, and attracting female talent. These initiatives aim to address the gender gap and promote inclusive practices across industries.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
Are senior GCC roles creating an opportunity for IT services professionals?
The mushrooming of global capability centers is driving the need for senior talent sourced from the IT services industry, with a shift to GCCs. Indian GCCs offer value in cost efficiency, innovation, and market expansion, attracting senior IT executives for global leadership roles.
Hiring in tier-2 cities showing consistent growth: foundit
Tier-2 cities in India have seen consistent growth in hiring compared to metropolitan areas, with cities like Kochi, Coimbatore, and Jaipur emerging as key hiring locations. The overall hiring index shifted to 295 in May 2024, with an 11% increase in hiring compared to the previous year. Tier-2 cities are becoming increasingly attractive hubs for businesses seeking expansion opportunities and tapping into diverse talent pools for sustainable growth.
Australia retains minimum age requirement for post-study work visas for research students
Australia's Department of Home Affairs maintains minimum age of 50 for post-study work visas for research students in the Post-Higher Education Work Stream under the Temporary Graduate 485 visa streams, effective July 1, 2024, with confirmed post-study work rights and changes to the post-higher education work streams.
Strategic acquisition of mid-level talent is pivotal for D2C companies to grow in this market
The D2C market in India is experiencing significant growth, driven by a surge in consumer numbers and a diversification of offerings. AI and automation are playing a crucial role in revolutionizing operations, while the impact of the Open Network for Digital Commerce (ONDC) is profound.
Attrition a major challenge in consumer durables and electronics industry: Report
A report by TeamLease Services revealed key insights into the temporary workforce in India's consumer durables and electronics industry. The average worker is a 31-year-old male with a monthly CTC of Rs 24,005 and additional Rs 6,356 in incentives. Gender disparity is notable, with 94% of the workforce being male. Most workers have education up to 12th standard or below (56%), while 38% have bachelor's degrees. The average work tenure is 2.8 years, with longer tenure in metro cities (3.4 years) compared to tier-two cities (2.3 years).
Infra push, talent access helps satellite cities reshape India's commercial realty
India's commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mumbai, Pune, Gurugram, Noida, and Hyderabad have seen extensive investment in road networks, metro connectivity, and digital infrastructure, making them attractive hubs for businesses.
Cost of living doesn't influence salaries; Pune among safest cities: KPMG Survey
A survey by KPMG revealed that cost of living differences across Indian cities do not affect compensation decisions, with most HR leaders stating there is no city compensatory allowance anymore. Employees consider various factors like rent, property indices, and local purchasing power when evaluating cost of living. Pune is highlighted for excelling in safety, while other cities like Chennai and Navi Mumbai excel in connectivity and healthcare. Companies are tapping into talent pools in satellite cities like Gurugram and Navi Mumbai.
Global capability centres lease 17% more space in FY24
Global capability centres (GCCs) increased their space usage by 17% in FY 2023-24, reaching 22.5 million sq ft, driven by engineering, BFSI, and technology sectors, according to CBRE. GCCs are a key driver in India's office sector, projected to lease 40-45 million sq ft by 2025, with India hosting over 1,900 GCCs.
Zerodha cofounder Nikhil Kamath invests in Collective Artists Network
This investment, a secondary transaction, facilitates a return of over 5X, via a strategic exit for Naveen Tiwari-founded InMobi’s Glance, which previously invested in Collective in 2021, as per a statement.
Corporate India's big push for diversity: Companies intensify efforts to recruit women from entry level
Corporate giants in India, such as RPG Group, Deloitte, Tata Steel, Amazon, and Zinnov, are doubling down on diversity by ramping up efforts to recruit more women from the ground up. Strategies include targeted campus hiring, incentivizing recruitment agencies to bring in high-potential female candidates, and creating networking platforms to link women with leadership. These initiatives aim to cultivate a diverse workforce from the start, fostering a culture of inclusion and innovation.
Australia overhauls immigration system with new Innovation Visa
The Australian government introduces an innovation visa to attract talented workers, replacing the Global Talent visa program. The move marks the end of the Business Innovation and Investment visa program (BIIP) and includes measures to address post-pandemic challenges, such as rental market impact and inflation rates.
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