BFSI JOBS
Mid-career roles are seeing a boom in hiring in these sectors
Mid-career professionals contemplating a job shift must carefully assess their skills and interests to align with emerging opportunities in sectors like e-commerce, manufacturing, and BFSI. Industry experts suggest exploring roles in data science, cloud architecture, digital marketing, and cybersecurity to stay competitive in today's job market.
India sees 33% annual surge in diversity hiring, driven by BFSI and IT Sectors
India has experienced a notable 33% year-on-year increase in diversity hiring, reflecting a heightened emphasis on diversity and inclusion (D&I) policies among companies. The latest foundit Insights Tracker for June 2024 indicates an overall 12% yearly uptick in hiring activity, with the diversity hiring surge underscoring D&I's pivotal role in shaping the country's workforce. CEO Sekhar Garisa emphasizes the importance of inclusion initiatives like mentorship programs and bias training, with a forecast for deeper focus on building inclusive workplaces.
What CJI Chandrachud's ‘stratospheric’ market remark means for equity markets
Indian headline indices' record hitting spree has raised alarm bells among sections of market enthusiasts and the latest to jump into the bandwagon is the Chief Justice of India (CJI) DY Chandrachud who has advised market regulator Securities and Exchange Board of India (Sebi) to exercise caution in order to safeguard investors’ money.
TISS Mumbai sees mean CTC of Rs 26.31 lakh during final placements
The Tata Institute of Social Sciences (TISS) in Mumbai has concluded final placements for its 2022-24 HRM & LR batch. The mean CTC was Rs 26.31 lakh, and the median CTC was Rs 25.28 lakh, with the highest at Rs 49 lakh. The top 10% and top 25% averaged Rs 39 lakh and Rs 35.26 lakh respectively. Despite the challenging year, 66 of 78 students received packages of Rs 20 lakh or more
Indian job market likely to get busy and bustling
The Indian job market is expected to witness a notable increase in workforce expansion. The projected growth for H1 FY25 (April-September) indicates a significant rise to 6.33%, compared to around 4.2% in H2 FY24 (October-March). This expansion in the workforce serves as a crucial indicator reflecting economic growth, business confidence, and organizational strategic planning.
Not AI, IT hiring not picking up because of global slowdown in IT spend: Ramani Dathi, Teamlease Services
Ramani Dathi says there is no major uptick as far as demand for IT pros is concerned. There are a few set of clients, especially the GCCs and to some extent, who are able to maintain the current run rate of revenues and headcounts for Teamlease, but to show a massive growth or a double-digit growth, the IT services hiring has to be back on track.
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Job retention confidence of Indian professionals plummets to 62% vs 71% a year ago: Great Learning report
Job retention confidence among Indian professionals dropped to 62% in FY25 due to technological disruptions, macroeconomic uncertainty, and layoffs, as per a study by Great Learning. Entry-level professionals are less confident, with 79% emphasizing the importance of upskilling.
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.
Delhi-NCR, Bengaluru have highest demand for entry-level talent : Report
The demand for freshers is highest in Delhi-NCR and Bengaluru, followed by Mumbai, Chennai, and Pune, according to data from foundit. Most job postings for entry-level positions are in the IT and recruitment/staffing industries, with a growing demand seen over the past six months.
Expect some degree of volatility till the Budget: Sunil Subramaniam
But I now expect consumption to redress the balance and you will get a far more broad-based recovery, that is number one. Number two is I think that now with the lessons of what happened in this election, we expect the BJP itself to take necessary corrective action since it has got power for the next five years so that the very next election they will be in a position.
Improved hiring sentiment, more job postings in 2024: Report
Job postings on apna.co increased by 31% year-on-year in the first four months of 2024, driven mainly by the e-commerce, BFSI, and hospitality sectors. E-commerce saw a 21% increase, BFSI 17%, and hospitality 13%, with a notable demand for professionals in sales, business development, brand marketing, and customer support. Major companies like Bajaj Finserv, Lenskart, HDFC Insurance, and Aditya Birla led this growth.
E-commerce, BFSI, hospitality sectors driving job market in 2024: Report
Driven by economic recovery, the demand for workforce in BFSI increased the maximum by 21 per cent during the first four months of this calender year. The e-commerce sector saw an increase of 17 per cent, services and hospitality industries reported a growth of 13 per cent, according to a report by professional networking platform Apna.
Startups are driving job growth for freshers: Foundit Insights Tracker
A recent report by foundit, formerly Monster APAC & ME, highlights India's booming startup ecosystem and job opportunities for freshers.
Rubicon, apna.co partner to enable 50,000+ job opportunities in FY25
apna.co partners with Rubicon to empower job seekers with essential skills. Nirmit Parikh, Founder & CEO, and Dhanya Narayanan, COO of Rubicon, aim to bridge the gap between education and employment for 2 million job seekers by 2030, focusing on India's diverse workforce.
Small cities home to big dream jobs: Hiring scene in tier 2, 3 cities gets busy
Job opportunities are growing across sectors in tier 2 and 3 cities, and professionals are eager to join, recruiters and firms said. Escalating living costs and infrastructural challenges in metros are prompting executives to move to smaller cities. Companies, on their part, are drawn by cheaper land costs, lower salaries and easy talent availability, besides rising disposable incomes in these cities.
Blue collar and grey collar consumer jobs growing, can't offset fall in IT white collar jobs: Dr Pawan Goyal, Naukri.com
Dr Pawan Goyal anticipates sustained single-digit salary growth amidst strong consumer demand in various sectors like oil, FMCG, travel, and auto. From an overall jobs perspective, the overall index -- a composite of both IT as well as non-IT jobs -- is flattish now. While the consumer side of the economy is growing, it has a lot more blue-collar and grey-collar jobs. It is not able to offset the decline in white-collar jobs in IT.
Hiring of temporary staff to sell credit cards, personal loans continues to grow
The demand for manpower to sell credit cards and loans in India is increasing, despite the Reserve Bank of India's stricture on unsecured loans and the growth momentum in personal loans tapering off in February. Frontline sales jobs from BFSI companies are 14-20% higher this month compared to a year earlier, with industry executives predicting that about 25,000-30,000 frontline sales personnel will be hired in the April-June quarter to cater to the rising demand in retail and unsecured loan categories.
Current quarter trajectory better than in last three quarters; we are hopeful FY25 will be better than FY24: TCS CFO
TCS leaders discuss integrating with top academic institutions, AI evolution, margin improvement, productivity focus, back to office transition, campus hiring, diversified portfolio growth, and expectations for FY25. Samir Seksaria says: "The pricing is stable, so it is a more disciplined execution and focus on operational rigour which has delivered this margin."
In BFSI sector, 1 in 4 women feel inconsistency in workplace equity: Report
Efforts in BFSI for diversity and inclusion face challenges with recognition and pay disparities for women. Gen Z and Millennials show varying satisfaction levels. Fintech and insurance sectors experience declining sentiment. Great Place To Work, India, Serial Entrepreneur and CEO Yeshasvini Ramaswamy stresses the need to address disparities.
Signs of optimism in job market: White-collar mandates up for June quarter
Manufacturing, infrastructure, pharma and healthcare, global capability centres (GCCs), engineering and banking and financial services are among the sectors taking the lead on the hiring front amid large-scale public-private investments, strong digital transformation initiatives, increased consumer demand, and advancements in healthcare technology, the firms said.
India’s monthly hiring rises 3% in March: Foundit
Hiring in India rose 3% sequentially in March, but fell 4% year-on-year, reflecting global economic uncertainties. White-collar gig hiring surged 184% year-on-year, led by the IT sector, which accounted for 46% of gig jobs. Metro cities like Delhi, Bengaluru, and Mumbai spearheaded gig employment, offering cost-effective solutions and flexibility.
Govt job fair: BFSI leads in hiring; At 20,000 plus, engineering graduates largest participants
Skill Development Minister Dr Sharan Prakash Patil on Wednesday said 9651 of 44,527 candidates who enrolled for the fair were handed offer letters by 598 companies that participated in the mela. Some participants got offers from three companies and were given the option to choose one.
BFSI firms ramp up legal teams
Demand for legal and compliance professionals in the BFSI sector has surged, with companies making key appointments to strengthen regulatory adherence. There has been a sixfold jump in managing director level movement in legal and compliance functions. The need for skilled senior compliance professionals has increased, especially in the BFSI sector. Financial institutions are recruiting senior compliance officers to ensure customer protection and market transparency. The recent regulatory emphasis has fueled the demand for experts in compliance roles.
BFSI sector sees surge in demand for legal, compliance professionals
Demand for specialist legal and compliance professionals has surged in the BFSI sector in the past year. Companies are seeking to bolster their in-house legal teams with chief legal officers, chiefs of compliance, and general counsels. The demand is driven by stricter regulatory guidelines, evolving governance structures, and accelerated digitization of the legal system. Companies are also focusing on fair practices and regulatory adherence.
BFSI among most sought-after sectors by women, 50% of job applicants seek WFH opportunities: Report
This year, women jobseekers prioritized the BFSI, telecom, and e-commerce sectors, with a preference for work-from-home (WFH) opportunities, according to a report by apna.co. The study highlighted a balanced approach, with 50% of total job applications from women (1.2 crore) seeking WFH options, reflecting a desire for flexibility alongside career commitment.
Flexi staffing industry posts 5.9% growth in new jobs during Q2FY24
The Indian Staffing Federation report showed that the rise in employment was particularly notable in key sectors such as ecommerce, retail, FMCG, logistics, manufacturing, hospitality, tourism, aviation, energy, etc.
Hiring activity set to gain pace in 2024: Taggd India report
Manufacturing will lead the way with an increase of 25% in hiring intent, underscoring a positive outlook for industrial expansion, while automotive industry will witness a 20% surge in hiring intent, reflective of the sector's anticipation of increased demand, according to the report.
E-commerce, telecom, BFSI most sought-after sectors by freshers: Survey
A survey by apna.co reveals that E-commerce, Telecommunications, BFSI, and IT are the preferred sectors for freshers due to promising career growth, favorable work environments, and work-life balance. The e-commerce sector sees a notable 22% increase in applications, followed by BFSI with 18%, and telecommunications and IT with 13% and 5%, respectively.
Festive season to create 2.5 million frontline jobs: Report
Although industry average salaries are expected to rise by 3.25% in the October-December period this year, salaries in ecommerce and logistics & mobility will decrease by 8% and 16.7%, respectively, largely because of the large supply of workers in this sector, according to the Festive Season Insights report by BetterPlace.
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