XPHENO
Xpheno announces July 1 as a holiday in honour of India's victory in the T20 Cricket World Cup Xpheno celebrated India's T20 World Cup victory by declaring July 1st a holiday. The team's exceptional performance, supported by leaders like Rahul Gandhi, made the win even more special. The festivities and retirements of key players marked a hist...
30 Jun, 2024, 07.30 PM ISTMidcap IT companies in India poach talent from industry majors Midcap IT companies in India are attracting more employees from larger rivals in the past two years. This trend is seen in the technology services sector amidst macroeconomic challenges and a focus on hiring deployable talent.
07 Jun, 2024, 04.05 PM ISTIndia’s five big IT firms see net exit of 25,000 women in FY24 The data analysis by staffing firm Xpheno revealed that five of India's top IT services companies - Infosys, TCS, Wipro, LTI Mindtree, and HCL Tech - have seen a collective net exit of 25,000 women in the year ending March. Despite an increase in th...
30 May, 2024, 11.32 PM IST- ADVERTISEMENT
IT’s bench strength halves as slump-hit companies eye efficiencies The bench strength at top Indian outsourcers has nearly halved of late, with higher utilisation and generative artificial intelligence (GenAI) driving efficiency in the $254-billion IT industry. Bench strength in the IT industry means full-time empl...
30 May, 2024, 09.38 AM ISTIT firms trim bench strength; GCCs focus on compliance Happy Thursday! The country’s top IT firms have seen a massive drop in their bench strength, i.e. employees not on active projects. Find out why and more in today’s ETtech Morning Dispatch.
30 May, 2024, 07.31 AM ISTMNCs now offer best salary package to seasoned professionals to scale up their GCCs in India Industry leaders report that multinational corporations are offering substantial compensation packages to recruit experienced professionals for their global capability centers (GCCs) in India. Over the past two years, there has been a noticeable inc...
24 May, 2024, 08.32 PM ISTSmall 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....
21 May, 2024, 11.35 AM ISTDigital India sparks rush for new-age software engineers Demand for software engineers trained in emerging technologies is rising, creating 9-10 lakh additional jobs in the next 18 months. The surge is fueled by advancing technology and digital adoption, leading to fresh opportunities in AI and related fi...
15 May, 2024, 12.44 AM ISTExecutive search space heats up on the back of growing demand for leadership talent Growing at 15-20% year-on-year, India’s retained executive search market has a mix of global search majors, search network firms, mixed model firms, boutique players and even one/two person outfits. Globally, five firms – Spencer Stuart, Heidrick & ...
20 Apr, 2024, 10.13 PM ISTHiring by global capability centres in India slows amid western disturbances Mumbai's GCC hiring in India slowed down in FY24, impacted by global uncertainties. Despite high attrition and talent demand, centers took a cautious approach. Experts attributed the slump to a cautious approach by companies since 2023 amid multiple...
09 Apr, 2024, 05.30 AM ISTIT hiring shows signs of life; companies stay cautious IT sector consultants said that the conversation for FY25 is still heavily focused on more dilution of the bench, increasing automation, improving efficiency and targeted hiring mostly in niche areas such as AI and GenAI amid continued macroeconomic...
03 Apr, 2024, 12.12 AM ISTTop Indian unicorns continue to add talent despite funding, growth challenges Data from top 15 unicorns by talent movements– including the likes of BigBasket, Delhivery, Flipkart, IndiaMART, Meesho, Ola, PhonePe, Swiggy, Udaan, Zoho, Zomato - showed that over the last 12 months, this cohort of firms let go 33,000 employees bu...
21 Mar, 2024, 08.59 PM ISTHeadcount at IT biggies falls for four quarters as hiring takes a backseat The collective headcount of the top eight IT companies fell 17,534 in the quarter ended December 31 compared with the previous three months, according to data compiled by Xpheno, a specialist staffing firm. Compared with a year earlier, the staff co...
13 Feb, 2024, 10.55 AM ISTIT staff forced to work 50 hours/week to meet deadlines: data IT employees in the country work on an average work for around 45-50 hours per week, translating around 10 hours a day in the 5-day week while the standard is 40 hours a week as a large part of them is often compelled to work longer hours to meet pr...
21 Nov, 2023, 12.54 PM ISTGender pay gap widens as women go up the tech ladder Aon’s latest estimates shared exclusively with ET showed that the unadjusted gender pay gap in the technology sector in 2023 is in the range of 28-30%, while for junior management, it is 8-10%.
21 Nov, 2023, 06.00 AM ISTFor tech candidates, job switch doesn't pay what it used to; average hikes halve Salary increases for tech recruits have decreased by more than half in the past year due to a hiring slowdown across the tech industry. Companies are no longer desperate to hire candidates with high-end niche tech skills at any cost. Average salary ...
25 Aug, 2023, 12.30 AM ISTWhite-collar hiring rise in July amid positive domestic economic indicators The number of open positions closed with 272,000 in July, up from 230,000 in June, according to data put together by specialist staffing firm Xpheno. Companies both in the technology and non-tech space put out more vacancies in July, with the non-te...
31 Jul, 2023, 09.58 PM ISTDemand for white-collar talent up 5% in June as non-tech hiring picks up Even as the core sector is showing positive hiring sentiment, talent demand in the Indian IT services sector, which has some of the biggest employers, fell to its lowest level since December 2020 - down 56% from a year earlier and 4% sequentially, a...
05 Jul, 2023, 01.00 AM ISTXpheno appoints Ramakrishna Bhagavan as CFO Bhagavan joined the leadership team at the Bengaluru-based staffing company with 25 years of domestic and global experience in the banking sector, the press statement said.
31 May, 2023, 11.13 AM ISTJob cuts in India just a small fraction of global layoffs: Recruitment firms These layoffs (globally) are predominantly in tech services, products firms and funded startups, and even at some consulting, ecommerce and consumer tech enterprises, which are carrying out workforce optimisation and restructuring exercises, said ex...
21 Apr, 2023, 07.14 AM IST