RANDSTAD
Diversity initiatives are bringing more women to certain roles: Survey
Indian companies are prioritizing diversity, equity, inclusion, and belonging (DEIB) initiatives, with varying levels of women's representation across roles highlighted in a Manpower Group survey. Administrative and operational roles show higher female presence, while top-level management and STEM roles exhibit lower representation. Key findings emphasize the importance of trust, relationship building, and technology-driven solutions like AI for unbiased recruitment.
Hospitality industry faces huge talent crunch; to add a million jobs in next few years, say experts
The surge in tourism post the pandemic has catalysed an unprecedented increase in hospitality hiring, particularly in entry-level apprenticeship and trainee positions, Randstad India said, adding that the sector has witnessed a remarkable growth of more than 200 per cent in apprentice and trainee hires over the last two years. According to industry reports, the hospitality industry is currently one of the biggest employment generators with the formal sector offering jobs to over 40-50 lakh people, while for the informal sector, it is difficult to give a number, but it is huge.
Gig landscape offer a lot of opportunities for mid-career professionals, but there are stumbling blocks too
India's gig economy is booming, offering opportunities for freelancers and mid-career professionals. The sector values skills and experience, providing flexibility and higher income potential. Mid-career individuals can leverage their expertise for a rewarding career in roles like coders, data analysts, and consultants.
Around one-third employees experience age-related discrimination at work: Study
The 'Ageism in the Workplace' study by talent company Randstad India revealed that 31 per cent of employees in India have experienced discriminations due to their age and such discriminations are mostly prevalent during recruitment process, especially in job advertisements of organisations.
31% of employees in India experienced ageism at work: Randstad
A study by Randstad India has revealed that 31% of Indian employees have experienced bias or discrimination due to their age at work. The study, which covered nearly 1,000 respondents, found that pharma, healthcare & life sciences, and business process outsourcing/IT-enabled services were the sectors where the highest proportions of respondents experienced ageism. Construction, infrastructure, and real estate followed closely, with 41% of respondents experiencing ageism.
Global capability centres go big on hiring gig employees
India's multinational hubs are increasingly turning to hiring contingent workers to meet immediate talent needs while remaining cautious about permanent recruitment due to a bearish global outlook. There has been a significant rise in demand for gig employees in the last six months, with an expected increase of up to 70,000 gig workers in the next six months. This trend allows companies to create a balanced workforce that is agile and cost-effective, with access to specialized skills.
India has what no other country has today: Randstad CEO Sander van 't Noordende on India's talent market
Sander van 't Noordende, CEO of Randstad, highlights India's vast market and talent potential. With a focus on specialization and digital tools, India stands out for growth opportunities compared to other global markets. Noordende emphasizes the importance of understanding individual talent needs in a competitive landscape with evolving employment dynamics.
Extreme summer heat & loss of productivity lead to an all-time high demand for delivery personnel
Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%.
Small cities home to big dream jobs: Hiring scene in tier 2, 3 cities gets busy
Job opportunities are growing across sectors in tier 2 and 3 cities, and professionals are eager to join, recruiters and firms said. Escalating living costs and infrastructural challenges in metros are prompting executives to move to smaller cities. Companies, on their part, are drawn by cheaper land costs, lower salaries and easy talent availability, besides rising disposable incomes in these cities.
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.
Signs of optimism in job market: White-collar mandates up for June quarter
Manufacturing, infrastructure, pharma and healthcare, global capability centres (GCCs), engineering and banking and financial services are among the sectors taking the lead on the hiring front amid large-scale public-private investments, strong digital transformation initiatives, increased consumer demand, and advancements in healthcare technology, the firms said.
Looking for a mid-career shift? Ask these questions before taking a decision
Mid-career professionals face challenges when transitioning to new sectors but can benefit from higher pay and escaping stagnation. Anjali Raghuvanshi and Manu Saigal advise professionals to assess their strengths, leveraging transferable skills like communication and problem-solving. They recommend self-reflection, feedback, and practical experience to identify strengths, networking for insights, and upskilling to fill gaps.
Does more work and bigger responsibilities lead to better compensation and promotions?
Research from Deloitte India and Randstad India indicates that employees taking on additional roles are receiving better increments, double promotions, and career advancement opportunities. This strategy benefits companies by retaining talent, cultivating skilled workers internally, and saving on external hiring costs. Such initiatives have reduced attrition and boosted employee engagement.
In India's semiconductor moment, spotlight on talent
There is demand for 40,000-50,000 employees across job roles in 2024, a 25-30% increase over last year, says staffing company Randstad. The sector is expected to see more than 800,000 to 1 million job openings over the next five years.
Bengaluru retains top spot in hiring charts
The report is based on a survey which provides hiring insights across the four sectors of construction and infrastructure; telecom; retail, fast-moving consumer goods (FMCG) and fast-moving consumer durables (FMCD); and energy and utilities.
Indians more afraid of AI taking away jobs than their global peers
At least one in two Indian employees are worried about losing their jobs to AI compared to one in three in developed countries, according to the findings of Randstad work monitor quarterly pulse survey shared exclusively with ET.
Recruiter Randstad says companies still hesitant to hire
Randstad, the world's largest staffing firm, reported a 17% decrease in its EBITA to 273 million euros in Q3, beating analysts' expectations of 258 million euros. However, the company's revenue fell 7% to 6.26 billion euros, which was lower than anticipated. The CEO highlighted a soft jobs market, with unemployment creeping up in some countries and a decrease in job postings. Sectors showing some resilience included automotive, public health, and education. Concerns were raised about the rest of the year due to continued revenue trends in October.
Job scams thrive amid hiring slowdown & layoffs
Job scams - where fraudsters pass themselves off as representatives of leading recruitment firms to establish authenticity - have become rampant in a lacklustre hiring market, worsened by layoffs in some sectors.
Work-life balance, attractive salary: Important EVP drivers for Indians when choosing an employer
Work-life balance, reputation, and salary are the most important employee value proposition (EVP) drivers for Indian employees, according to Randstad Employer Brand Research (REBR) 2023. Tata Power Company, Amazon, and Tata Steel topped the list of India’s most attractive employer brands with Big Basket the most attractive startup employer brand.
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