VISWANATH PS
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.
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.
3 in 5 workers in India will not accept job that does not offer AI, tech upskilling: Survey
Indian professionals prioritize future-proofing their skills, especially with the rise of artificial intelligence, according to a survey by Randstad. Development opportunities offered by employers are crucial for employees, with 61% unwilling to accept a job or considering quitting if it doesn't provide skill future-proofing.
What did the Union Budget 2024 offer? Here are the positive signals
The interim budget presented by Finance Minister Nirmala Sitharaman on Thursday refrained from outlining specifics for job creation. However, staffing companies and job market experts believe that sectors such as infrastructure, hospitality & tourism, manufacturing, and electric vehicles may experience a job push based on positive signals in the budget.
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.
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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.
IT slowdown to hit appraisals; Ghazal Alagh on Mamaearth’s growth strategy
Pay increases at top tier Indian IT firms could halve from a year ago as the $245-billion industry faces a major slowdown. This and more in today’s ETtech Morning Dispatch.
Tech majors may reduce pay hikes by half as slump hurts
Over the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while collective revenues grew by a little over 57%. This shows that the input cost is much higher than the output being generated.
It’s lonely at the top as CEOs reveal that being the final decision-maker has its ups – and its downs
CEOs often experience feelings of loneliness and isolation due to the pressures and responsibilities of their roles, according to a Harvard Business Review survey. The study found that 50% of CEOs reported feeling lonely, with 61% believing it hindered their performance. First-time CEOs were particularly susceptible to these feelings, with nearly 70% reporting negative effects on their performance. The role of a CEO requires making tough decisions and carrying the responsibility for the success or failure of the organization, which can lead to feelings of isolation and the need for a support system.
Demand for delivery staff to surge as Cricket World Cup kicks in from October 5
Events of the magnitude of the World Cup have a direct positive impact on deliveries of food, groceries and items from ecommerce companies, experts told ET.
As hiring slows and companies tighten belts, inhouse recruiters face heat
On Wednesday, Google let go of hundreds from its once nearly 3,000-strong recruiting team in its latest round of layoffs, saying it was "meaningfully slowing the pace of overall hiring" and "made the hard decision to reduce the size of (our) recruiting team".
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.
Bengaluru tops tier-1 cities in hiring
Bengaluru remains the top tier-1 city for hiring across various industries, but Jaipur, Vadodara, Thane, Coimbatore, and Chandigarh are among the top five talent hotspots in tier-2 cities, according to a report by Randstad Talent Insights. The report analyzed trends across eight tier-1 and 20 tier-2 cities. In terms of fresher and junior-level hiring, it is high in both tier-1 and tier-2 locations. The rise of digital connectivity, remote work capabilities, skilled talent availability, strong educational facilities, and focus on infrastructural development have leveled the playing field for talent from these cities to compete globally.
About 80% of early-stage startups to increase workforce in 2023: FICCI-Randstad survey
Over half of the startups surveyed attribute the high attrition rate to factors such as better pay packages offered by larger corporations, as well as concerns over job security in a startup.
Indian pros see bright job prospects: Randstad's Workmonitor 2023 study
At least eight in ten employees are confident of landing a new job within three to six months, show the India findings of recruitment firm Randstad's Workmonitor 2023 study, shared exclusively with ET. The study, which was also conducted globally, covered all major sectors including retail, consumer, manufacturing, FMCG, construction, IT and real estate.
Budget 2023: More jobs, but companies may tread cautiously
However, hiring firms and economists told ET that while the proposals outlined will boost positive sentiment in a hiring market that has seen a coming-off of post-Covid highs in recent months amid a slowing global economy, companies will continue to remain cautious and hire on the basis of individual requirements and existing bench size. Significant job creation will happen with a lag, and will be more apparent in the medium to long run.
HR industry expects roll out of labour codes, focus on formal job creation in Budget 2023
The Indian economy is on the road to recovery after the Covid-19 pandemic significantly affected the country's economic growth. Industry players are hoping that the ensuing budget will provide a much-needed boost to the HR sector that will help the industry to get back on track.
Bengaluru tops Indian cities in job creation, says Randstad Survey
For example, in manufacturing, 37.58% of junior level, 43.61% of middle level and 50.5% of senior level hiring across Tier-1 cities took place in Bengaluru. In FMCG, too, the southern metro accounted for 37.94% of junior level, 42.1% of middle level and 46.6% of senior level job creation across Tier-1 cities during the survey period.
At hybrid office, Monday blues make way for vibrant Wednesdays
According to a survey conducted by Randstad India, around 71% of employees prefer flexible work hours and organisations that allow the option to work from home. Around 50%-55% percent of employees prefer working three days from the office. Viswanath PS, MD & CEO, Randstad India, says that at his company those days are: Tuesday, Wednesday and Thursday.
How do India’s cities stack up when it comes to job creation?
Bengaluru (20.96%) and Mumbai (20.63%) vie for the top honours in terms of the overall number of BFSI jobs in Tier-1 cities. Pune is a strong contender and leads at senior levels (25.25%), where both domain and tech expertise come into play. Mumbai among Tier-1 cities and Chandigarh and Vadodara among Tier-2 have shown strong hiring in this segment.
Skills initiatives to boost employability; execution key
The finance minister, Nirmala Sitharaman, on Tuesday announced that skilling programmes and partnerships with the industry would be reoriented to promote continuous skilling avenues, sustainability, and employability.
Budget 2022-23: Govt to renovate National Skill Qualification Framework, launch digital ecosystem for skilling
At the same time, she announced that a new portal encouraging a digital ecosystem for skilling and livelihood- DESH-Stack e-portal will be launched.
Google, Amazon, Microsoft take top spots as India's most attractive employer brands: Survey
Others in the top 10 most attractive employer brands in India for 2021 include Infosys Technologies at fourth place, Tata Steel (5th), Dell Technologies Ltd (6th), IBM (7th), Tata Consultancy Services (8th), Wipro (9th), and Sony (10th).
Randstad India elevates CFO Viswanath PS to MD & CEO
Viswanath PS (or Vishy, as he is popularly known) is a business and finance leader who started his stint at Randstad India in 2014 as the Head of Shared Services Centre (SSC), before taking over as the CFO in 2016.
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