Explore Business Standard
Hiring Activity
India's hiring activity rose 31 per cent in December, driven by consumer electronics, manufacturing, and construction and engineering sectors, a report said on Wednesday. According to foundit insights tracker (fit), the country's hiring activity rose 12 per cent over the past six months, with a 31 per cent year-on-year increase in recruitment in December. The fit is a comprehensive monthly report analysing online job posting activity conducted by foundit.in. The report further said the growth in hiring is reflected across sectors, led by consumer electronics, manufacturing, and construction and engineering leading the charge with 60 per cent, 57 per cent, and 57 per cent YoY, respectively. Meanwhile, AI jobs in India surged 42 per cent over the past two years reaching 2,53,000 positions. Top skills include Python, AI/ML, data science, deep learning, SQL and software development. Additionally, expertise in specialised AI frameworks such as TensorFlow (15 per cent) and PyTorch (16 p
White collar hiring has begun improving steadily on the back of major sectors like Oil and Gas, Banking and FMCG, a report said on Wednesday. Hiring activity grew by 6 per cent in May compared to April driven by sectors like Healthcare and the Travel and Hospitality, according to the report.. White collar hiring, however, was down by 2 per cent compared to the same month last year.. Most sectors reported mid-single-digit growths, however, decline in hiring in IT (0 per cent YoY), BPO (3 per cent) and Education (5 per cent) dragged down the overall Naukri JobSpeak Index, it stated. Major sectors such as Oil and Gas (14 per cent), Banking (12 per cent) and FMCG (17 per cent) notched up healthy growth, while Healthcare and Travel and Hospitality, each showcased a robust 8 per cent growth, said the report. Smaller cities continued to outperform major metropolitan areas, and there was notable demand for senior professionals, contributing to a healthy year-on-year growth in opportunitie
The overall hiring this year is expected to grow 8.3 per cent this year with the job market showing signs of recovery in December, a report said on Thursday. December witnessed a 2 per cent growth in hiring, the foundit Annual Trends Report said. It projected an overall hiring expansion of 8.3 per cent for 2024, with Bengaluru expected to see an 11 per cent surge. Key sectors that will experience increased hiring include manufacturing, BFSI, automotive, retail, and travel and tourism, it said. According to the data from the foundit Insights Tracker (fit), hiring activity in 2023 was 5 per cent lower than in 2022, indicating a slowdown in the job market. However, the index also showed a 2 per cent increase in the last month of 2023, suggesting a possible turnaround in the hiring scenario. "The economy experienced a shift towards the end of 2023, breaking the previous trend that had been consistent since mid-2022. The job market entered a phase of variability, where both quit and hi
Hiring activities increased 23 per cent in the April-August period compared to the year-ago period in various sectors, including retail and telecom, a report said on Tuesday. In its staffing report, business services provider Quess Corp said that as many as 32,000 jobs were posted in the April-August period, considering that various sectors, including BFSI, retail and telecom, improved their hiring efforts in line with the surge in demand for the festive season in the country. Job roles such as production trainee, branch relationship executive, collection officer, business development executive, broadband sales executive, sales executive, warehouse associate, and customer relationship officer have seen an increase in demand this season. "As India Inc. prepares for the festive season, it is encouraging to see a positive trajectory (23 per cent) of demand for hiring today. Despite inflation and profitability pressures, segments such as manufacturing, BFSI and retail have reflected ..
Hiring for white collar jobs declined 19 per cent in July compared to the year-ago period as many sectors, including FMCG, retail, insurance and education, witnessed cautious recruitment sentiments, according to a report. According to the Naukri JobSpeak Index released on Tuesday, job postings for white collar hiring in July stood at 2,573, down 8 per cent compared to the previous month, and down 19 per cent compared to July 2022. Naukri JobSpeak is a monthly index representing the state of the country's job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. The IT industry hiring continued to remain an area of concern, with a 46 per cent decline in new jobs created compared to July last year, it said. Besides IT, FMCG, retail, BPO, insurance, and education sectors showed cautious hiring sentiments with a 16-23 per cent decline in new job creation compared to July last year. Sectors focused on the domes
Hiring activity in the e-recruitment white-collar space in January witnessed 2 per cent year-on-year decline mainly due to slowdown in sectors including IT, telecom, manufacturing and healthcare, a report said on Wednesday. E-recruitment refers to the process of employing talents using various online sources. Demand for jobs in production and manufacturing declined by 8 per cent as did in healthcare (7 per cent), IT hardware and software (7 per cent), telecom (5 per cent) and banking, financial services and insurance (3 per cent), according to Foundit (formerly Monster) Insights Tracker (fit) for January 2023 . While IT faces a lull due to global macro conditions and course correction from last year's hiring surge, production hiring was impacted due to cost pressures and a rise in input prices. BFSI (banking, financial, services and insurance) sector, which had continuously witnessed positive hiring numbers, has noted a marginal dip of 1 per cent annually, the report stated. The .
Business consulting firm NextG Apex on Friday said it is planning to increase its manpower to 5,361 by FY25 to support its expansion into several verticals, including FMCG and health. At present, NextG Apex has a headcount of 543 employees that they want to raise to 902 by end of FY23 and 5,361 by 2024-25, the company said in a statement. This hiring is mainly in line with the company's plans for expanding business operations across verticals like FMCG, health and beauty and F&B over the next 2-3 years, it added. The recruitment will mainly be in cities that contribute over 80 per cent of the business, and going forward 40-50 per cent of the hiring will shift to tier II and III cities, it said. "Our hiring plans are majorly focussed on field operations and thus 70 per cent of the total hiring will add to our feet-on-street fleet. There's another 20 per cent requirement for mid-level supervisory people, 5 per cent for managerial talent, 3 per cent for back-end positions and 2 per ..