Page 4 - Hiring

79% employers looking to sustain or increase their workforce in H2FY24

Both new hires, at 79 per cent, and replacement hires, at 74 per cent, are occurring rapidly, indicating a flourishing labour market in the country

Apple to pay $25 million to settle discriminatory hiring practices case

Apple has agreed to pay $25 million to settle allegations that it engaged in a pattern of discriminatory hiring practices when filling some of its jobs during 2018 and 2019. The deal announced Thursday resolved a lengthy investigation by the Department of Justice into alleged violations of the Immigration and Nationality Act. Federal regulators said an inquiry that began in 2019 determined that Apple's hiring practices discriminated against U.S. candidates for jobs that were awarded to some immigrant workers seeking to be granted permanent resident status in the country. In some instances, Apple also discriminated against non-U.S. residents, according to the settlement. Apple vehemently denied any wrongdoing in the formal seven-page settlement defended its hiring record in a statement to The Associated Press. Apple proudly employs more than 90,000 people in the United States and continues to invest nationwide, creating millions of jobs," the Cupertino, California, company said. Whe

HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results

Indian patent office to hire 900 people to enhance manpower: DPIIT secy

Indian patent office (IPO) will be hiring 900 more people with a view to enhance manpower for processing the increasing number of intellectual property applications, a top government official said on Friday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that patent filing has increased by ten times and trademark application filing by six times since 2016. "We are trying to strengthen the capacity of our IPO to process these proliferation of applications. We are going to add 900 new positions for which recruitment is already underway in our patent office," Singh said at the national intellectual property conference. He also said that steps taken by the government has helped India improve its global innovation index rankings. India retained its 40th rank out of 132 economies in the Global Innovation Index (GII) 2023 rankings, according to a report by the Geneva-based World Intellectual Property Organization. Though the ranki

White-collar hiring declines 8.6% in Sep, amid a negative trend in sectors

White-collar hiring witnessed an 8.6 per cent annual decline in September, following a negative trend in sectors including IT, BPO or ITES and FMCG, a report said on Monday. On a month-on-month basis, however, there has been a growth of almost 6 per cent in job postings. In September, there were 2,835 white-collar job postings, down by 8.6 per cent compared to the same month last year when 3,103 jobs were posted, according to Naukri.com's monthly 'Naukri JobSpeak Index'. The Naukri JobSpeak is a monthly Index representing the state of the Indian 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 sector continued to face global headwinds and saw the hiring numbers dwindle in the last few months, the survey said, adding that BPO/ITES and FMCG also registered negative growth of 25 per cent and 23 per cent, respectively, in the period under review. "While the IT sector continues to stay impacted,

ED searches WB minister house in irregularities in hirings by civic bodies

The Enforcement Directorate (ED) began searches at multiple locations, including the residence of West Bengal Food and Supplies Minister Rathin Ghosh, on Thursday in connection with its investigation into the alleged irregularities in the recruitments done by the civic bodies in the state, officials said. Along with a large contingent of central forces, the investigators reached Ghosh's residence in Michaelnagar in North 24 Parganas district around 6.10 am, they said. Simultaneously, the investigators began searches at 12 other places in connection with the case, they added. It was not immediately known if Ghosh was at his house when the searches began. Ghosh, the TMC MLA of Madhyamgram, was earlier an office-bearer of the Madhyamgram Municipality. The ED has alleged that around 1,500 people were illegally recruited by different civic bodies in the state, between 2014 and 2018, against monetary considerations.

L&T's middle east order book swells with Saudi Arabia's construction boom

As of June, L&T reported an outstanding order book of Rs 4.12 trillion, with Rs 1 trillion of these orders originating from the Middle East

92% feel AI has made HR role more strategic since last year: Report

As Artificial Intelligence (AI) is bringing in a new era of work, a report on Wednesday revealed that 92 per cent of recruitment professionals in India feel their role has become more strategic in the last year, specifically in the area of talent acquisition. To ready their workforce for the changes ahead in the era of AI, business leaders interviewed in the country are relying on human resource and recruitment teams to lead the way, a report by the Microsoft-owned social platform LinkedIn said. The skills needed for jobs are estimated to change by at least 65 per cent by 2030 as rapid developments in AI accelerate workplace change, noted the report. The report revealed that around 92 per cent of talent professionals in India say their role has become more strategic in the last year, specifically in the area of talent acquisition. The majority (80 per cent) of HR professionals globally believe AI will be a tool that helps them in the next five years, enabling them to focus on the m

Recruiters start getting pink slips as corporate hiring slows down

Due to a slowdown in the hiring market, many recruiters are now finding it difficult to get opportunities

Employers in India anticipate measured hiring in next 3 months: Survey

Employers in India are anticipating a measured hiring pace in the next three months, as organisations are focused on investing in the professional development of their workforce and creating a positive work culture, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey of nearly 3,020 employers across sectors and regions, hiring intentions have declined by 17 per cent when compared with the same time last year, while on a quarter-on-quarter basis, it has seen a marginal improvement of 1 per cent. The Net Employment Outlook for the October-December quarter stood at 37 per cent, up 1 per cent from the July-September quarter of 2023, and decreased by 17 per cent when compared with the same time last year. The Net Employment Outlook is derived by taking the percentage of employers anticipating an increase in hiring activity and subtracting from this the percentage of employers expecting a decrease in hiring activity. Employers cited professional ...

Access Healthcare to hire over 1,500 professionals in next 2 months

Third-party revenue cycle management company Access Healthcare on Tuesday said it is planning to recruit over 1,500 professionals in the next two months in the country. The hirings will be for various roles such as experienced callers, certified medical coders, medical billing professionals, finance and accounting, and roles in Artificial Intelligence (AI) and automation, Access Healthcare said in a statement. Fresh graduates will also be hired for call centre jobs, it said. Currently, Access Healthcare has 22,272 employees at its six centres in the country -- Chennai, Coimbatore, Mumbai, Pune, Noida, and Thiruvananthapuram. The new recruitments are for all centres, it added. "This expansion underscores our commitment to leading the healthcare sector into a future defined by technological excellence," Access Healthcare Founder and Vice Chairman Vardhman Jain said. Every hire is a strategic stakeholder in the company's vision, and the professionals will get opportunities to learn,

India's hiring outlook for festive season shining, shows Indeed survey

69 per cent of employers surveyed are looking to hire temporary workers this festive season

'X' introduces job listing feature, to be available for verified users

The feature will be available to premium users for a monthly payment of $1,000 or Rs 82,300

Top headlines: Boeing starts production of Apache choppers for Indian Army

Business Standard brings you the latest headlines at this hour

Reliance, Vodafone, Airtel may increase their headcount by 25% in FY24

Reliance Jio's total headcount at FY23 end was 95,326; Airtel's headcount was 64,407; and Vodafone Idea's was 15,604

QwikSkills plans to hire 300 trained professionals by end of 2023

Skill development player QwikSkills on Wednesday said it is planning to hire 300 skilled professionals by the end of 2023. "By adding 300 proficient professionals to our ranks, we are augmenting our operational capabilities and reinforcing our commitment to delivering world-class skill training. Our goal is clear - to empower individuals with the most relevant skills, equipping them to thrive in an ever-evolving world," QwikSkills CEO Varun Mahajan said in a statement. At present, the company has 110 employees.

Fully remote work leads to 18% drop in productivity, shows research

The researchers, who studied newly hired data entry workers in India who were randomly assigned to either the home or the office, said that two-thirds of the drop in productivity was evident

Sebi initiates process to hire 2 executive directors, invites application

The appointment of executive director will either be on a deputation or contractual basis, for a period of three years, the regulator said in a public notice

Cognizant appoints six women executives as senior vice-presidents

Sailaja Josyula promoted as SVP; she is also the company's centre head in Hyderabad