HIRING NEWS
Zerodha to end zero-brokerage model; Unacademy lays off 250 employees
Online stock broker Zerodha will likely discontinue its zero-brokerage structure due to new Sebi rules. More on this in today’s ETtech Top 5.
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.
Martech jobs on the rise as digital avenues become prominent in marketing
Digitalization has permeated all sectors, including marketing, which is now adapting to significant shifts in consumer behavior through the rise of marketing technology (martech). Martech blends marketing with advanced software tools to gain consumer insights and track marketing performance, ensuring organizational growth.
85% Indian professionals set to invest in upskilling for FY25
According to Great Learning's 'Upskilling Trends Report 2024-25,' 85% of professionals in India plan to invest in upskilling initiatives in fiscal year 2025 (FY25). The report highlights a drop in job retention confidence to 62% from 71% the previous year, mainly due to tech disruptions and challenging macroeconomic conditions. Entry-level professionals feel the most uncertain, with only 29% confident about job retention in FY25. Upskilling is crucial, especially in fields like data science, AI, and machine learning, with 92% of seasoned professionals and 83% of freshers recognizing its importance.
Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers
Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.
Nikhil Gupta will now face justice in American courtroom, says US attorney general
Indian national Nikhil Gupta, 53, is accused of plotting to murder Sikh extremist Gurpatwant Singh Pannun in New York. Gupta was arrested in the Czech Republic and extradited to the US on June 14. He pleaded not guilty in a federal court. The US Justice Department emphasized its commitment to protecting American citizens and free speech. Gupta, allegedly working with an Indian government employee, faces charges of murder-for-hire and conspiracy. If convicted, he could be sentenced to a maximum of 10 years in prison for each charge.
- Go To Page 1
Czech Republic extradites Pannun plot accused Nikhil Gupta to US
Nikhil Gupta, accused by the US of conspiring in a murder-for-hire plot against Sikh separatist Gurpatwant Singh Pannun, was extradited from the Czech Republic to the US on June 14. The decision was authorized by the Czech Ministry of Justice on June 3, coinciding with the eve of Lok Sabha election results. Gupta, 52, faces charges under US law for conspiracy and murder for hire, as per Title 18, United States Code, 1958(a).
Becoming a future CHRO: Navigating the path to HR leadership excellence
The Chief Human Resources Officer (CHRO) plays a crucial role in managing human capital and leading HR functions in organisations.
Startups’ new hiring strategies; unprecedented poll buzz online
Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in today’s ETtech Morning Dispatch.
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.
Maximizing job opportunities in Canada: A guide for Express Entry candidates
Canada's economic immigration programs are vital for expanding the national workforce, with nearly all recent growth attributed to them, according to CIC News. To address labor needs, initiatives often connect with immigration programs, like hiring from the Express Entry pool. Employers must meet criteria, including offering skilled work and proving a lack of domestic candidates. Through the Job Match feature of the Job Bank, employers can match job postings with suitable candidates.
Why deeptech companies need to do a deep-dive on gender diversity
Indian companies, particularly in the IT sector, have made some progress in gender diversity but still face significant challenges, especially in the deeptech sector. A report by Pure Storage and Zinnov highlights these issues, revealing that while global capability centres (GCCs) employ 1.66 million people with 28% being women, this diversity decreases sharply at higher corporate levels, dropping to just 6.7% at the executive level.
Carlyle hires 5 I-banks for $1 bn Hexaware IPO
Carlyle plans to list Hexaware, aiming to raise $1 billion at a valuation of $5.5-6 billion. The move follows Carlyle's acquisition of Hexaware in 2021 from Baring PE Asia. If successful, it would mark India's largest technology sector IPO.
Freelancer’s guide to the galaxy of danger zones in recruitment platforms
The gig economy is booming globally, with India seeing a surge in freelancers seeking work opportunities. While challenges exist in finding the right projects, online platforms are playing a crucial role in connecting freelancers with relevant opportunities. To succeed in this competitive landscape, freelancers need to showcase their skills, work with quality clients, and constantly upskill. However, they must also be cautious of red flags.
Hiring sees green shoots in IT, oil & gas and senior roles, shows Naukri index
Naukri’s JobSpeak Index shows positive trends in hiring for oil & gas, IT, and senior managers. Demand for experienced professionals and AI/ML talent is on the rise, with notable growth in key cities and sectors.
Contemplating a career in cybersecurity? Check out the in-demand skills, roles, and pay
The rise in technology has brought about a surge in cyberattacks, emphasizing the critical need for robust cybersecurity measures. With a shortage of professionals globally, the industry is witnessing high demand for roles such as security analysts, data scientists, and incident responders.
Many IIT students grapple with tough job market of 2024: From pay package woes to placement challenges
After failing to secure a job during the recent placement season, an undergraduate from Indian Institute of Technology Delhi turned to LinkedIn in hopes of finding employment but faced continued disappointment. Describing the 2024 placement season as lackluster, he emphasized the pressure felt by students. At IIT Delhi, placements occur in three phases,
Senior-level IT hiring rebounds; China's BBK group resets India sales strategy
Indian IT companies are back headhunting for senior roles. This and more in today’s ETtech Top 5.
IT hiring shows signs of life; Amazon seller Appario sold
After an extended lull, major IT companies are showing signs of increased hiring activity — the first such rise in 20 months. This and more in today’s ETtech Top 5.
US private sector hiring picks up again in March
US private sector hiring exceeded expectations in March, according to payroll firm ADP. The sector added 184,000 jobs, surpassing market predictions of 150,000, with construction, financial services, and manufacturing leading the increase. ADP also revised up February's job data from 140,000 to 155,000.
India has the highest hiring sentiment for April-June, says Manpower
Indian companies have the most positive hiring outlook globally for the April-June quarter, with a net employment outlook of 36%. The survey by Manpower Group also shows strong hiring intentions in sectors like healthcare, life sciences, communication services, and IT.
C-suite hiring trends open doors to new roles in non-tech industries
Hirings and firings in the technology sector are creating opportunities in emerging roles in non-tech sectors like manufacturing, healthcare, and various industries. Demand for leadership talent is increasing, focusing on skills like data science and ESG. Cultural fitment is a challenge for organizations and talent.
Fresher hiring by IT cos likely to decline in FY24: Report
As major IT companies freeze fresher intake, alternate sectors are opening up demand. Other segments, including Global Capability Centers (GCCs) and non-tech sectors like banking, financial services and insurance (BFSI), communication, media and technology, retail and consumer business, life sciences and healthcare, have expanded entry-level hiring. This reflects a noteworthy shift in the hiring landscape, as per the report.
Data sovereignty facts every CXO should know
What preventative measures should chief experience officers (CXOs) take to protect their organizations from the risks posed by the proliferation of customer data?
Professional services companies go slow on hiring as attrition level drops
Industry officials, however, said the impact of the cut down in hiring is mostly at the senior management and director levels, while companies continue to hire at the top, or the partners level. "Hiring of partners or people who bring in business is pretty aggressive. It is the middle that is suffering, also due to a fall in exits," said a partner.
The World's Top 10 CXOs of 2023: Forbes' Picks for Outstanding Leadership
Exceptional CXOs are the driving force behind a company's ability to provide outstanding customer experiences and remain competitive in today's dynamic business environment. Forbes' list of the top 10 CXOs of 2023 showcases leaders who have not only adapted to changing times but have also driven innovation and customer-centricity to new heights. From the electric vehicles of Tesla to the space exploration of SpaceX, these CXOs have redefined industries, setting the bar high for leadership excellence and customer satisfaction. Their vision and dedication continue to shape the world's business landscape, making them true champions of the customer experience.
‘Quiet cutting’: A reassignment for your good, a subtle approach to layoffs, or a mix of both?
"Quiet cutting" is a new workplace trend that involves reassigning employees to different positions within a company instead of firing or laying them off. This strategy allows organizations to address staffing needs without incurring the costs of hiring and training new employees. While it may be a relief to not be laid off, employees may face challenges in transitioning to their new roles. It is important for HR to play a role in managing this process effectively.
CXO Transformation and Future-Proofing: Staying Ahead in a Changing World
The role of the Chief Experience Officer (CXO) is becoming increasingly important in today's business landscape. CXO transformation involves prioritizing customer-centricity and utilizing technology and data to enhance the customer experience. By embracing CXO transformation, organizations can attract and retain customers, stay competitive, maximize profitability, navigate digital transformation, and enhance their brand reputation.
Measuring Success: KPIs for CXO-Driven Transformations
CXOs play a crucial role in driving transformations within organizations, but the success of these initiatives relies on well-defined Key Performance Indicators (KPIs). KPIs provide clarity, align stakeholders, assign accountability, track progress, and enable continuous improvement. When selecting KPIs, it is important to align them with strategic objectives, ensure measurability, focus on leading and lagging indicators, keep them simple, and make sure they drive action.
Load More
