HIRING INTENT IN MAJOR CITIES
Former New York City Mayor Rudy Giuliani disbarred from New York for Trump's false 2020 election claims
Former New York Mayor Rudy Giuliani has been disbarred for his involvement in Donald Trump’s 2020 election interference, the New York State appellate court ruled. The disbarment, effective immediately, comes as Giuliani faces bankruptcy due to a USD 150 million defamation case and multiple lawsuits. The court cited Giuliani’s false statements and misconduct, highlighting his role in undermining the electoral process. Giuliani has vowed to appeal the decision, calling it politically motivated and corrupt.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
London PE Finnest takes majority stake in cloud kitchen firm Kitchens@ with $160 million investment
London-based PE firm finnest has acquired a majority stake in cloud kitchen startup Kitchens@ with an investment of Rs 1,335 crore, making it the largest shareholder. This round values Kitchens@ at $305 million, post-money, sources told ET. Kitchens@ provides services like ready-made kitchen setups, as well as supply chain and hiring support to cloud kitchens.
Majority of Indian employers plans to add staff in first six months of FY25: Survey
The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, which surveyed 1,417 employers in 20 cities, found that 56% of employers plan to grow their workforce in the coming months, 23% expect to maintain current levels, and 21% foresee a decline in staff numbers.
Gross leasing of office space up 8 pc to 158 lakh sq ft in Apr-Jun in top 6 cities: Colliers
India's office market shows resilience with sustained growth driven by positive economic indicators. The surge in demand for quality office spaces, led by technology and manufacturing sectors, is expected to surpass 50 million square feet in 2024, reflecting confidence in the market's future prospects.
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
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Hiring activity registers 11% surge: Foundit Insights Tracker
A recent report by foundit reveals a significant increase in hiring index, with the production and manufacturing sector showing remarkable growth. This upswing is attributed to factors like government support in PLI and infrastructure development.
Freshers hiring witnesses 5 pc growth over last 6 months: Report
The highest share of job postings for freshers was witnessed by the IT and staffing industry with over 32 per cent and 12 per cent share of jobs, respectively, dedicated to entry-level professionals, foundit (formerly Monster APAC & ME) report on fresher hiring trends.
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.
Production and manufacturing sector emerges as top hiring industry in tier-II cities: foundit
The findings shows that tier-II cities are seeing stronger growth rates in sectors like production and manufacturing (29%), IT-software & services (17%), real estate (8%) and education (8%), where recruiters are seeking diverse talent with specialised skill sets.
White collar hiring improving as demand from Oil & Gas, Banking, FMCG sectors rises: Report
White collar hiring in major sectors like Oil and Gas, Banking, and FMCG showed steady improvement, with a 6% increase in May compared to April, driven by Healthcare and Travel and Hospitality. However, overall white-collar hiring was down by 2 per cent year-on-year, with declines in IT, BPO, and Education sectors. Smaller cities outperformed major metropolitan areas, with strong demand for senior professionals contributing to a healthy growth in opportunities.
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.
South side story: Can attractive sops turn Chennai into a hub for GCCs?
Can a slew of attractive sops from the state government and a competitive workforce turn Chennai into a hub for GCCs, positioning the state as a healthy alternative to Bengaluru and Hyderabad? In addition to banks and automotive firms, manufacturing, pharma, tech and product companies in the fintech space are considering setting up GCCs in Chennai.
Seasonal manpower demand soars, 2024 looks set to be a record year for temporary summer jobs
Most in demand are delivery, in-store, on-ground, after-sales service and manufacturing workers for industries producing summer goods with companies struggling to find people to fill roles.
Tech companies plug into India's smaller cities for talent
The trend of Indian IT companies relocating to smaller cities is gaining momentum, driven by factors such as cost efficiency, government incentives, and the availability of talent. Workers like B. Ramachandran are choosing to live in places like Madurai over major tech hubs like Bengaluru and Chennai, citing reasons such as familial ties and lower living costs.
Former JP Morgan, Goldman Sachs, Citi banker shares 10 interview questions you should ask to get hired
Financial expert Andrew Lokenauth stresses the importance of asking questions during job interviews, drawing from his experience with top firms like JP Morgan and CITI. Despite concluding with a Q&A session, candidates often miss this chance, he notes. His post on Threads shares eight key questions that aided his career. Users debate their efficacy, while some praise Lokenauth's advice, which has sparked discussion among readers.
India Inc embracing neurodiversity at workplace
Corporate India promotes neurodiversity by hiring individuals with autism, dyslexia and ADHD. Companies like SAP, EY, Publicis Sapient, Accenture, Wells Fargo lead in creating inclusive workplaces, offering tailored programmes, and specialized hiring initiatives.
Intent to hire freshers in media and entertainment industry saw 3 pc decline in Jan-Jun 2024: Report
The intent to hire freshers in the media and entertainment industry declined by 3 per cent in the first half of the year, as per TeamLease EdTeach's Career Outlook Report. Despite this, overall hiring intent for freshers rose by 6 per cent year-on-year. The report highlights varying job role preferences across cities.
Consumer durables industry: Demand for temporary workers increase in small towns & hinterlands by up to 30% from last year
The demand for more workers is mainly from places such as Panipat, Varanasi, Asansol, Dhanbad, Guwahati, Raipur, Nagpur, Jaipur, Patna, Salem, Calicut, Coimbatore, Vizag, Cuttack, Guntur, Nellore and Madurai, as large Indian companies and MNCs look to expand their network amid a rise in demand for air-conditioners, coolers, refrigerators, fans and inverters in tier 2 and 3 regions.
Mumbai, Bengaluru, Delhi among cities with strong intent to hire in FMCG sector: Report
A new report highlights Mumbai, Bengaluru, Chennai, Delhi, and Hyderabad as the top five Indian cities showing strong hiring intent in the FMCG sector. It notes increased hiring in sales, marketing, IT, office services, HR, and blue-collar roles. The report by TeamLease Services also points out a significant gender gap in the FMCG workforce, with over 90% male associates.
Infosys plans walk-in recruitment event in Bengaluru on March 9
Infosys' hiring comes after a renewal of four big-ticket contracts, spurring the need for more professionals. The company has sent a broadcast mail to employees, urging them to refer potential candidates in a sign of easing curbs on hiring and revival in business sentiment.
The Indians hired for Russia's Ukraine war
Moscow hires Indian and Nepali nationals through recruiters for the Russian army in Ukraine. Indian citizens are promised non-combatant roles but end up fighting on the frontline. Families blame Indian authorities for not helping and fear for their loved ones' lives.
Employers’ intent to hire freshers up by 6%: TeamLease Edtech
Hiring intent for freshers has increased in HY1 2024. Industries with highest intent are e-commerce & technology startups, engineering & infrastructure, and telecommunications. Bangalore leads in hiring intent.
Hiring intent for fresh talent up 6% in H12024: Report
Roles such as graphic designer, legal associate, chemical engineer and digital marketing executive are in high demand across industries for freshers, according to TeamLease EdTech’s Career Outlook Report.
RBI’s major blow to Paytm; IT fresher hiring at record low
The Reserve Bank of India dealt Patym a severe blow, barring the listed fintech’s payment bank from offering banking services after February. This and more in today’s ETtech Morning Dispatch.
IT services hiring shows signs of traction, intent up 10% in January
The uptick in IT services hiring comes after the macroeconomic slump in 2023 led to a massive headcount correction last year. However, experts caution that current requirements are only filling vacant roles not replaced over the past few quarters and that the numbers are still small.
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.
Hiring intent for freshers in travel & hospitality to rise in second half of 2023
The travel and hospitality industry in India is expected to see a 15% increase in hiring intent for freshers in the second half of this year, according to a report by TeamLease EdTech. Tier I and II cities, such as Bengaluru, Delhi, and Gurugram, are expected to drive hiring in specific roles.
Bengaluru fresher hiring sentiment down by 10%, hit by slump in IT sector
The city is suffering a decline in terms of year-on-year comparison as well, with hiring intent up to 68% last year. However, Bengaluru companies still have the highest hiring intent for freshers in the country, followed by Mumbai at 61% and Chennai at 47%.
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