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India's job market continued its upward momentum in February, witnessing 41 per cent year-on-year growth mainly driven by freshers hiring, a report said on Thursday. In February, fresher hiring rose by 26 per cent year-on-year (YoY) reflecting sustained employer demand for entry-level talent, according to data by foundit (formerly Monster APAC and ME), Asia's jobs and talent platform. There has been 41 per cent growth in hiring in February 2025 compared to a year ago, driven by the fresher job market which maintained steady growth, according to the report. Among sectors, IT - Hardware and Software continued to lead fresher hiring, nearly doubling its share from 17 per cent in 2024 to 34 per cent in 2025, the report said. "The shift towards skill-based hiring is undeniable. Employers are increasingly prioritising candidates with practical expertise and industry-relevant skills," foundit CEO V Suresh stated. The foundit Insights Tracker (fit) is a comprehensive monthly analysis of .
The government has invited applications for the posts of chairperson and three full-time members in the National Financial Reporting Authority. The National Financial Reporting Authority (NFRA) is an independent regulatory body overseeing financial reporting and auditing standards in the country. For chairperson, the applicants will be a person of eminence, ability, and integrity with at least 25 years of expertise in accountancy, auditing, finance, or law and for full-time members, they must have at least 20 years of experience in the same fields, according to a release. The chairperson will receive a consolidated monthly salary of Rs 5.62 lakh without house and car or the pay and allowances are equivalent to a secretary to the government of India, as per the NFRA's (Manner of Appointment and other terms and conditions of Service of Chairperson and members) rules. For full-time, members will have the option of drawing either a consolidated monthly salary of Rs 5 lakh or receiving
When the Supreme Court had paved the way for construction of Ram temple at the disputed site in Ayodhya in its historic verdict in 2019, Dileep Pandey worked as a tailor in a cloth firm in Delhi. A native of Ayodhya, Pandey returned to his home when the first wave of Covid-19 struck in 2020. Sensing an opportunity in Ayodhya itself, he has decided never to return to Delhi. Pandey currently operates a small tour and transport firm facilitating people's visit to Ayodhya from different parts of the country. With the inauguration of the newly-constructed Ram temple on January 22, Pandey (28), now aims at expanding the business in view of the swelling number of devotees visiting Ayodhya. "I currently have three mid-size vans that visitors can hire to travel around Ayodhya. With the rise in the number of devotees, I plan to take a loan to buy two SUVs for them," said Pandey. Though keen in studies, he dropped out from the first year of a college in Ayodhya in order to start a job. "Ayod
There has been a significant surge in hiring demand ahead of the festive season as over 1.2 lakh job openings were recorded in August and September 2023 across key Indian cities, as per a report. According to the report by Apna.co, a leading jobs and professional networking platform, there was a significant 61 per cent year-on-year increase in women applicants during July-September 2023. "The increase in women applicants indicates a growing demand for women professionals across industries, as companies tend to experience heightened activity during the festive season, especially in sectors like e-commerce, retail and hospitality," the report said. The festive season saw active participation from leading companies like Bajaj, Axis Bank, Paytm, Flipkart and Reliance, which offered attractive incentives to secure top talent and boosted hiring for various roles like sales, marketing, finance, HR and business development. According to apna.co, the platform witnessed a substantial increas
Loyalty has lost its lustre for many workers as a significant percentage of employees in India are now open to being tempted away with the promise of better pay, flexibility and conditions, says a report. According to leading global recruitment firm Michael Page India's annual Talent Trends 2023 report, the talent market is in an universal flux as 98 per cent of all employees are open to new opportunities. "Companies can only confidently rely on fewer than 1 in 10 people in their current workforce to be retained this year," the report titled 'The Invisible Revolution' said. The report, which focused on critical trends and developments in the employment market, is based on the survey conducted on 70,000 participants globally, including 4,000 Indian respondents. The report highlighted the "cultural revolution" in the workplace in the last 12-18 months and said that 98 per cent of the skilled, white-collar professionals surveyed are open to new opportunities. "It is quite a staggerin
The demand for jobs in the hospitality sector rose 60 per cent in the last one year, mainly due to resumption of travel post the pandemic, according to a report. There is a growth of about 60 per cent in job postings and 20.10 per cent increase in job seeker interest in the hospitality sector, indicating recovery of the hospitality industry, global job site Indeed said in its report. The report, released on Friday, is based on an analysis of data on Indeed platform from March 2022 to March 2023. Delhi-NCR emerged as the top city for hospitality job opportunities, with a 20.37 per cent rise in job postings over the past year, followed by Mumbai and Bengaluru. With increasing inter-state travels, there continues to be a rising demand for job opportunities in the hospitality sector, it added. "The hospitality sector was perhaps one of the most affected industries since... the pandemic. The growth trajectory of this field has truly been impressive as it continues to grow at a rapid pa
Andhra Pradesh has garnered investment pledges worth Rs 13,05,663 lakh crore with a potential to create 6,03,223 jobs during the two-day Global Investors Summit (GIS), said Chief Minister Y S Jagan Mohan Reddy on Saturday. Speaking at the valedictory ceremony, he said 352 agreements were signed in 20 sectors, out of which the energy sector stood out through 40 deals and pledges worth Rs 8.84 lakh crore with a job creation potential of 1.9 lakh, he said. "In the IT & ITES sector, 56 MoUs were signed, amounting to Rs 25,587 crore of investments and will generate employment for 1,04,442 people. In the tourism sector, 117 agreements have been inked for an investment to the tune of Rs 22,096 crore, that will create employment for 30,787 people, said Reddy. Further, he pointed out that the renewable energy sector was one of the sectors which drew significant investments and observed these would take renewable energy generation, pumped storage and production of green hydrogen and green ..
US job openings rose unexpectedly in September, suggesting that the American labour market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. Employers posted 10.7 million job vacancies in September, up from 10.3 million in August, the Labour Department said on Tuesday. Economists had expected the number of job openings to drop below 10 million for the first time since June 2021. For the past two years, as the economy rebounded from 2020's COVID-19 recession, employers have complained they can't find enough workers. With so many jobs available, workers can afford to resign and seek employment that pays more or offers better perks or flexibility. So companies have been forced to raise wages to attract and keep staff. Higher pay has contributed to inflation that has hit 40-year highs in 2022. In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. But the num
The findings by a central government study that over half of the women get married before attaining 21 years in Jharkhand and West Bengal also revealed that the scope for sustainable job opportunities for young women is limited, experts said. It is also clear from the findings that the benefits of government schemes are not reaching the desired section of the population, they said. However, some experts expressed doubts about the data authenticity given that the survey was conducted during the Covid pandemic. It was found in the study, the report of which was published late last month, that Jharkhand and West Bengal are the only two states in the country where more than half of the women are married before they are 21 years old. While 54.9 per cent of girls are married in West Bengal before attaining the age of 21 years, the figure for Jharkhand is 54.6 per cent as against the national average of 29.5 per cent. Women, particularly in rural areas, face a lot of problems. They do no