NEW HIRES
GCCs on the hunt: IT companies becoming hotspots for senior talent
According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experience of 15 years, and in the last one year, more than 100 have moved from an IT company to a GCC.
India Inc now picks its C-level champions from indoor pool
Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.
Infra cos step up hiring betting on govt focus on sector
India's infrastructure sector is hiring millions in unskilled, semi-skilled, and skilled labor segments, with expectations that the new government will continue investing in infrastructure development, including highways, roads, and airports. An estimated 9.8 million jobs are expected to be created in FY25, driven by strategic investments and ambitious plans for transportation and logistics development.
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.
White collar hiring activity dips by 7.62% in June: Report
In June, white-collar hiring activity dropped by 7.62 per cent, with sectors like telecom, BPO/ITES, education, and Global Capability Centres witnessing a decline. Insurance, FMCG/food industry, and pharmaceutical sectors saw positive growth. Cities in Rajasthan and Gujarat showed resilience, with Jodhpur, Kota, Rajkot, and Surat leading in new job creation. Mini-metros outpaced metros in hiring, with Gujarat emerging as a silver lining, according to Naukri JobSpeak Index.
'We hire more women because they are more disciplined', says Ola founder Bhavish Aggarwal on Foxconn controversy
Ola's founder Bhavish Aggarwal reaffirmed the company's commitment to employing women, including married women, amid reports of Foxconn's discriminatory practices. Ola's FutureFactory in Tamil Nadu employs an all-women workforce, with plans to extend this model to its new Gigafactory. Aggarwal emphasized that women are disciplined and dexterous, and Ola aims to address the low representation of women in the workforce by hiring at all levels, including senior management.
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BFSI captives hunt for leadership talent
Executive search firms ET spoke to said candidates from product organisations are tapped for technology hiring, and for non-technical roles, domain and functional expertise remain paramount. Compensation ranges at around Rs 1 crore for those with 18-25 years of experience. For CFO roles, packages could be in the range between Rs 2-4 crores.
25% of new hires are married women; nearly 70% workforce are women: Apple iPhone maker Foxconn
Foxconn clarified to government that 25 per cent of new hires are married women and safety protocol banning metal is not discriminatory. Ministry of Labour sought report on married women issue at Foxconn India Apple iPhone Plant. Foxconn emphasised that safety protocol applied to all, not just Hindu women. They brushed away media reports saying it was a misinterpretation.
Zomato launches platform to offer hiring, regulatory services to restaurants
Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.
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.
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.
SAIL rolls out work flexibility to net talent; to add 1,000 at entry level people in FY25
Steel Authority of India Limited (SAIL) is introducing work flexibility and agility for over 55,000 employees, with plans to hire over 1000 entry-level workers in FY25. The aim is to attract Gen Zs, retain talent, and increase productivity. SAIL introduced the 'Work from Other Than Workplace' policy in May 2024, which has already been used for learning and developmental activities.
Silver's the new gold as startups rejig CXO portfolio
Many startups, particularly those gearing up for public listing, now consider youth and experience a winning combination. Having experienced leaders instills confidence in investors and markets, who view it as an indicator of stability and potential for success, said company founders and industry watchers.
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.
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.
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.
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.
Using AI to draft a cover letter? Don’t depend on tech too much
Artificial intelligence (AI) is beneficial for job applications, but over-reliance on it for drafting cover letters can lack personalization. Sashi Kumar from Indeed India emphasizes the importance of a human touch in cover letters to convey authenticity and storytelling for job seekers.
Recommendation letters can give freshers more visibility in a crowded hiring market
Recommendation letters can be valuable for early career professionals in enhancing job applications. They offer a personalized touch, validate skills, and help candidates stand out in competitive markets.
Salesforce leads the charge in hiring for new AI-driven roles
Salesforce is recruiting for positions like prompt engineers, AI trainers, and ethical AI architects. The demand for new skills is rising in the job market, driven by AI opportunities.
NASA's new finding: 126 rare exoplanets, some capable of supporting life. Pics here
A new catalog featuring 126 exoplanets discovered through NASA's TESS and the Keck Observatory has been released, revealing diverse planet types beyond our solar system.
Hiring for new roles to take 27 pc efforts of HR professionals in FY25: Report
The report by Genius Consultants is based on a survey among 1,114 human resource professionals and C-suite executives between March 1 and April 15 this year. The report further revealed that 32 per cent of hiring is expected to be in the level of those having 4-8 years of work experience.
Hiring surge in travel and tourism: What it means for mid-career and senior roles
India's travel and tourism sector has rebounded post-pandemic, contributing Rs 16.5 trillion to the economy and creating 39 million jobs by 2020. The sector is also witnessing a spike in demand for AI specialists and data operations in the hospitality industry.
JPMorgan says every new hire will get training for AI
Incoming asset-and wealth-management staff to get instruction; AI has saved the division time, helped grow revenue, says Erdoes
Talent demand in EV segment drives in new roles and contract hiring
The electric vehicle (EV) industry is booming, creating a demand for diverse skills and expertise. Opportunities span technical, leadership, and operational roles. Contract staffing is playing a crucial role in meeting the industry's needs, with a focus on talent development and agile solutions. Leaders face challenges in talent acquisition and navigating industry dynamics amidst rapid advancements.
Senior-level IT services hiring in 2024 focuses on new-age skills
IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.
India Inc hunts for new cyber warriors
Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security controls and processes, companies are bolstering their cybersecurity teams across various domains.
White-collar hiring falls 3% in April, shows Naukri JobSpeak Index
Despite a 3% year-on-year and 1% month-on-month decline in white-collar hiring, various sectors experienced job growth. Notably, demand surged for specific roles like drilling engineers, brand managers, and IT professionals in different cities.
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