HIRING SENTIMENT
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.
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.
Companies cautious on short-term hiring, but overall outlook stays upbeat
Employers in India are showing caution in short-term hiring for the July-September quarter, with a net employment outlook of 30%, six percentage points lower than the current quarter and the same period last year. While 48% of employers plan to hire more people, 18% expect a decrease in hiring or have no plans to hire. The most optimistic sectors are finance and real estate, healthcare and life sciences, and IT, while communication services and transport, logistics, and automotive are less optimistic.
Chinese firms turn from ‘Panda’ to ‘Skunk’ as US tensions flare
Chinese investments in the US have trailed behind smaller economies like Spain and Singapore in recent years, according to the US Bureau of Economic Analysis.
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.
The young backroom players playing a big role in this year's polls
These are grads hired in large numbers by consulting firms specialising in communication and public relations, and well entrenched in the political space.
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Kotak Mahindra Bank plans to hire 400 engineers to ramp up tech transition
The lender, backed by billionaire Uday Kotak, has already brought on board more than 500 engineers from scratch over the last two years, according to Milind Nagnur, the bank’s chief technology officer. It has pulled them from firms like Google and Amazon.com Inc. as well as from Paytm and PhonePe Pvt., Nagnur said in an interview.
Oil and gas sector sees 20%-plus jump in hiring in March
March job market: oil and gas, pharma, senior professionals thrive. Unicorns show hiring interest. AI/ML talent in demand. Niche roles like machine learning engineer see growth despite overall IT hiring decline.
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.
Healthtech sector hiring up 9% in 2023 despite startup funding winter
India's healthtech sector saw a 9% increase in hiring in 2023, despite challenges such as reduced investments. Sales and business development roles were the most sought-after, followed by technology and product development positions. Companies are actively recruiting professionals in software development, data analytics, and quality assurance. Top roles in demand include DevOps Engineer, Mobile App Developer, and Data Scientist. Python, .Net, and AI skills are highly valued. The sector anticipates a 15-20% employment growth in 2024, with companies like Access Healthcare and Tata 1mg driving recruitment efforts.
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.
Hiring outlook for June quarter brightest in India: Manpower
India Inc's hiring sentiment for the April-June quarter is the highest globally, reflecting positive labour market trends. The outlook is attributed to the resilience of the Indian economy, political stability, and growth in sectors such as healthcare, life sciences, communication services, and renewable energy.
AI, oil and gas sectors see 20%-plus growth in hiring in February
AI and oil and gas sectors witnessed significant hiring growth. Non-metro cities played a pivotal role in job creation. Senior professionals and niche AI roles were in high demand. The pharma sector also experienced positive hiring. IT, BPO, and retail sectors saw a decline in hiring activity.
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.
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.
It's not placements as usual for IIMs this year
This year is turning out to be one of the most difficult ever for placements at the top IIMs of Ahmedabad, Bangalore, Calcutta, Lucknow, Indore and Kozhikode, officials and students across institutes told ET. Many did not wish to reveal their identity or their institute.
About 61% of startup founders in India expect pace of hiring to remain the same or dip this year: InnoVen Capital Survey
Nearly 61% of Indian startup founders expect hiring to remain the same or decrease in 2024, according to InnoVen Capital's 'India Startup Outlook' report. The report also reveals that 24% of founders are open to hiring professional CEOs in the next 2-3 years. Gender diversity continues to be a challenge, with 75% of companies having less than 20% women in leadership roles.
White collar hiring dips 16 pc in December amid cautious recruitment in IT, other sectors: Report
White collar hiring in India declined by 16% in December compared to the previous year. Due to cautious hiring sentiments in IT, BPO, education, retail, and healthcare sectors, the Naukri JobSpeak Index showed a year-on-year decline of 17%, 11%, 11%, and 10% in job offers in December respectively.
White-collar hiring down 6 per cent in 2023
Companies in several sectors tightened their hiring funnel amid global macroeconomic headwinds and prolonged geopolitical uncertainties even as sectors that have seen business growth in the last one year, including oil & gas, power, infrastructure, energy, BFSI, travel, and real estate, recorded double-digit growth in hiring numbers, data showed.
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.
IIT-Roorkee sees 802 job offers in first 15 days of final placements
Accenture Japan, American Express, Axis Bank, Axtria India, Bajaj Auto & Chetak Technology, Bharat Petroleum Corporation, Cisco, EXL Service, Futures First, Google, ICICI Bank, Jaguar Land Rover India, JP Morgan & Chase, Merilytics, Microsoft, Navi, Oracle India., Qualcomm India, Reliance Industries, Sprinklr, Texas Instruments and Zepto were among the companies that participated in the placements drive, according to the statement issued by IIT-R.
Employers in India most bullish globally on hiring in 2024 March quarter: Survey
The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter.
Hiring for entry-level, junior white-collar jobs to rebound in March quarter
Sectors that are likely to drive new job creation include healthcare and pharmaceuticals, electric vehicles, infrastructure, consumer, and retail.
India Inc's hiring sentiment likely to be highest among 41 nations in New Year
About 49% of 3,150 Indian employers across four regions and eight sectors covered in the latest ManpowerGroup Employment Outlook Survey said they would hire more people in the Jan-March 2024 quarter, while 12% expected a decrease in hiring intent or had no plans to backfill. This puts the net employment outlook - used as a bellwether of labour market trends - at 37%, the difference between companies looking to hire and those expecting a fall in headcount or hiring numbers.
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.
2024 general elections are just around the corner, but the hottest commodity right now are freshers
There is estimated demand for over 20,000 people to work in policy-related consulting in the coming months. Companies like I-PAC, Varahe Analytics, Inclusive Minds, and Nation With Namo are looking to strengthen their teams ahead of the general elections. The estimated manpower cost per MP candidate with a team of 8-10 members could be between Rs 5-10 lakh/month.
Professionals with 3-5 years of experience to be the most in demand: survey
According to Naukri's hiring outlook survey, 92% of recruiters are expecting new or replacement hiring in the next six months. While 4% mentioned they will not be hiring, another 4% expressed possible downsizing. Business development, marketing, and operations roles are expected to have the most hiring, with mid-career professionals being in high demand. Attrition is expected to remain around 15%, with the highest rates in business development and marketing.
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%.
White collar hiring dips 3 pc in June on cautious recruiter sentiments: Report
White collar jobs experienced a 3% decline in June due to cautious recruiter sentiments, especially in IT, BFSI, and manufacturing sectors. However, there was a 2% monthly growth in online hiring activity across key industries, indicating a resurgence. Healthcare, BPO, production and manufacturing, and logistics sectors led the way in positive e-recruitment activity.
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