Hiring Activity

AI, upskilling, and sectoral growth lead India's evolving 2024 job market

While the IT/ software services sector faced challenges earlier in the year, including a 17 per cent decline in the first quarter, the sector rebounded with a 12 per cent growth by the third quarter

White collar hiring improves on demand from oil & gas, banking sectors

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

Clinisys Laboratory Solutions to ramp up India hiring by 50% in 2024

Clinisys holds a leadership position in the clinical laboratory information systems market, with a 19 per cent share of the market

Hiring expected to recover in 2024; likely to witness 8.3% growth: Report

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 rise in Apr-Aug period in sectors like retail, telecom

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 in India falls 19% in July, says report

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

Professional services industry hired maximum people between January and May

It was followed by BFSI and e-commerce industries with 16% rise in their headcounts

Slowdown in hiring by 7% witnessed in May, tier-2 cities shine: Report

The report also indicates that hiring activity is declining across industries with a 4 per cent month-on-month (MoM) decline. The decline can be attributed to several factors

As employment picks up in India, IT sector lags in competition: Report

According to the report, the momentum in IT services has slowed down as against the banking and healthcare sectors. A 27 per cent decline in hiring activity was reported in the IT sector

Hiring demand among start-ups up 19% since April 2022: Report

Hiring demand was highest in edtech, internet, BFSI, and media and entertainment, according to the report called Insights Tracker. Healthcare and BPO start-ups showed negative hiring intent

Air India's premium avatar by mid-2024; Maharaja stays: CEO Wilson

Airline to speed up $400-mn cabin refurbishment, says CEO

Hiring activity in e-recruitment space dips by 2% in January: Report

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 .

Tech giant Apple begins hiring retail store employees in India: Report

Apple's website currently shows over a hundred results for job positions in India.

Bucking the trend, IT companies in India to increase hiring in 2023: Survey

India is going to be an overall employment gainer in 2023 due to a stable geographical, economic and political foundation: Randstad

NextG Apex plans to increase its employee count to 5,360 by FY25

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 ..

5G: 90% telecom sector firms may hire professionals in December quarter

The intent to hire professionals in the telecom sector has improved in the December quarter when compared to the preceding quarter, according to the TeamLease report.

Growth in India's services sector quickens in Oct, PMI edges up to 55.1

The rate of inflation outpaced its long-run average, suggesting no respite from higher cost pressures in Asia's third-largest economy

Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report

Technology-related jobs have managed to marginally increase their contribution to the overall workforce by 4 per cent, while the hiring trend is slowing down in general

Even as overall hiring slows down, no dearth of jobs for senior execs: Rpt

The demand for CXOs has been relatively high in the industrial and manufacturing sectors, auto, chemicals, financial services, and energy firms

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs

The new centre in Guadalaraja will enable the company to serve its local and international client base across industries