EXECUTIVE JOBS
Indian officials visit Foxconn iPhone plant, question executives about hiring
Indian labour officials inspected a Foxconn factory near Chennai, questioning executives about alleged discriminatory hiring practices against married women. This follows a Reuters report revealing that Foxconn systematically excludes married women from iPhone assembly jobs. The investigation has prompted government inquiries and public debates about workplace discrimination and labour laws.
CXO-level shifts rearrange top deck at Indian startups
The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
Hexaware to hire up to 8,000 people globally in 2024
Hexaware Technologies intends to expand its workforce globally by hiring between 6,000 and 8,000 employees in 2024 across various countries including India, the US, Canada, Mexico, Poland, and the UK. The company's hiring plans are contingent upon favorable global market conditions, as stated in a news release. Rajesh Balasubramanian, EVP and Global Head of Talent Supply Chain at Hexaware, emphasized the company's active recruitment drive to attract talented individuals worldwide.
Change your job search strategy to deal with age bias; how to search jobs aligned with age
For better or worse, there are tons of younger job seekers competing for fewer jobs than before, and willing to work longer hours for a lower title and salary. How can you optimise your job strategy based on the challenges for your age bracket?
Financial industry grappling with AI's gifts and perils, executives say
Zack Kass, a former head of business partnerships at OpenAI said AI systems could be better than humans at explaining to clients why they arrived at recommendations like portfolio allocations or lending decisions. He added that people are not good at explaining subconscious biases that could affect such decisions.
Fancy a career in gaming? Check out the in-demand roles, skills and more
Video games have evolved from mere leisure activities to lucrative career options, driven by technological advancements and increased accessibility. The industry demands skilled professionals like developers, designers, and testers. Various courses and certifications cater to these roles, enhancing employability. Essential skills include proficiency in game engines, programming languages, and soft skills like creativity and communication.
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Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
Zurich Insurance set to raise India headcount by 40% in next three years
“India will soon be the world’s third largest economy, the largest working age population, the biggest middle class amongst emerging markets, the strongest route of growth in the G20 for insurance,” Tulsi Naidu, chief executive officer for Asia Pacific, said in an interview.
Bengaluru emerges as a hub for machine learning engineers
Vacancies for machine learning (ML) engineers more than doubled in Bengaluru, underscoring the city's status as a hub for advanced technology roles. HR generalists surged by 53%, and operations managers by 45%.
New-age job roles: How India can engineer a future beyond software
With nearly 1,600 international corporations operating captive units, 1.7 million highly educated professionals are employed. It might theoretically increase its pool of relevant talent if it made a concerted effort to improve both the number and calibre of the more than 2.5 million Ph.D.s and graduates in science, technology, engineering, and medicine that India produces each year.
How to create a successful green career: Read what experienced professionals have to say
The green industry is booming with opportunities for young professionals seeking fulfilling careers. Insights from industry experts reveal the motivations behind choosing green roles, the evolving scope of sustainability positions, educational requirements, salary expectations, and challenges faced in navigating this dynamic sector.
What will be the key focus areas in the Budget? Ajay Bagga answers
Infrastructure building, indigenisation on imports of institution as well as raising the levels of employment, rural demand, I think all those will remain focus areas.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Focus and execution will increase on affordable housing: Prashant Thakur
Now, the definition of affordable needs to be increased. There were certain incentive that have been rolled back. So, these are the demands which were unmet and I strongly believe that with this government coming back in power the focus will be there and we will see an overall spurt in affordable housing which was lagging significantly.
Unacademy’s Hemesh Singh joins other founders who donned non-executive roles
Unacademy's Hemesh Singh on Saturday stepped down as CTO of the company, moving to an advisory role. This is one of the many top-deck changes reported in startups over the past year. Here's a look at some of the key changes announced by startups in their leadership.
Understanding the difference between green jobs and ESG jobs
The demand for sustainability roles has surged, with a focus on ESG roles and green jobs. ESG roles encompass environmental, social, and governance aspects, while green jobs specifically target environmental sustainability.
JPMorgan to grow India headcount by 5%-7% for next few years, senior exec says
According to a senior executive, JPMorgan Chase intends to increase its workforce in India by 5%-7% annually over the coming years. This move comes as the Wall Street giant intensifies its focus on one of the most competitive talent markets worldwide to bolster its support for international operations. Currently, the New York-based bank employs approximately 55,000 individuals across five Indian cities, constituting about a fifth of its global workforce.
The rising importance of the chief trust officer
Businesses are emphasizing trust by appointing a Chief Trust Officer (CTrO) to oversee trust-building initiatives. This role involves assessing trust levels within and outside the organisation, focusing on domains like corporate culture, compliance, and customer experience.
The rise of AI in recruitment process: How companies are using artificial intelligence for hiring
Companies use AI tools like GenAI bots for candidate sourcing, resume screening, and skills assessment. HR executives say AI makes hiring quicker and more efficient. Genpact launched IMatch, an AI-based job-matching engine, resulting in improved productivity and faster hiring.
Take these 6 steps to deliver results consistently in your job and career
The only skill you need to charge up your job and career is the ability to deliver results consistently. Devashish Chakravarty explains how to achieve this.
Entry-level jobs in telecom industry thrive despite broader workforce slowdown: TeamLease
Despite a general slowdown in headcount expansion in the Indian telecom industry, demand for entry-level customer-facing and technology roles remained strong. TeamLease Services data shows a growth in associate workforce by 51.05% in FY22, with a 31.41% expansion in FY24. Telecom companies focused on hiring field sales executives, customer relationship executives, and technology staff to support network operations.
Oil & gas PSUs cut 15,700 jobs in 6 years even as revenue doubles
Over the span of six years, state-operated oil and gas enterprises reduced their workforce by 15,700 positions, constituting 14% of their total employees, despite a near doubling of their revenues. This downsizing trend particularly affected non-managerial roles.
Apple's Tim Cook is nearing retirement age, but who will succeed him?
Speculation mounts over Tim Cook's successor as Apple CEO amid nearing retirement age. Candidates include COO Jeff Williams and hardware chief John Ternus. Cook's tenure marked by product expansion and financial success, but finding a visionary successor poses challenges for the tech giant.
RBI allows Ujjivan Small Finance Bank to rope in former SBI veteran as MD & CEO
The Reserve Bank of India has approved Sanjeev Nautiyal as the Managing Director & CEO at Ujjivan Small Finance Bank for three years, effective from July 1, 2024. Nautiyal, with over three decades of banking experience, will hold the position of President before officially assuming his role, subject to shareholder approval. Ujjivan praised Nautiyal's leadership qualities and strategic retail banking expertise, expressing confidence in his ability to further the bank's mission of financial and digital inclusion.
Elon Musk lays off Tesla senior executives in fresh job cuts: Report
Tesla CEO Elon Musk is reducing senior management and laying off hundreds of employees due to falling sales and the pace of layoffs. Rebecca Tinucci, senior director of Tesla's Supercharger business, and Daniel Ho, head of new products, will leave. Musk also announced the dismissal of everyone working for Tinucci and Ho, including the roughly 500 employees in the Supercharger group.
Auto Industry ramps up C-suite hiring amid post-pandemic sales surge
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.
Ambani’s Jio Financial plans to tap StanChart executive as unit CEO
Billionaire Mukesh Ambani's new financial services firm is set to appoint Kusal Roy, the India country manager of Standard Chartered Plc, as the CEO of one of its units, Jio Finance Ltd. Roy will join the firm in the coming weeks, pending regulatory approval. Jio Financial is expanding its services and talent pool, including hiring KV Kamath as non-executive chairman and Charanjit Attra as chief operating officer.
Dealing with layoffs: How companies and CEOs can handle a messy situation with relative ease
CEOs face tough layoff decisions with compassion and transparency. Providing outplacement services, skill development, and alternatives before layoffs can soften the blow. Emotional support for CEOs and strategic evaluation post-layoffs are crucial for organizational growth.
AI a 'game changer' but company executives not ready: survey
A majority of corporate executives across leading economies believe artificial intelligence will be a "game changer" for their industry but admit their leadership teams lack the knowledge to understand AI's risks and rewards, a study showed Friday. But 57 percent "lack confidence in their leadership team's AI skills and knowledge", the report found.
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