Page 5 - Hiring

White-collar hiring in India witnesses 3% decline in June: Report

White-collar hiring in India witnessed 3 per cent decline in June as sectors such as IT, Retail, BPO, Education, FMCG and Insurance also showed cautious hiring sentiments, a report said on Monday. According to the Naukri JobSpeak Index, on a year-on-year basis, June witnessed a 3 per cent decline with 2,795 job postings compared to 2,878 in June 2022. On a month-on-month basis, the job postings fell by 2 per cent. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market & hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. "The white collar job market of India is witnessing a structural shift. For a long time, jobs in the tech sector and in top metros were the key drivers of white collar job growth. "Of late, jobs in the emerging sectors such as real estate, oil and gas, pharma and BFSI have emerged as significant contributors to job growth," Naukri.com Chief Business Officer Pawan ...

TCS writes to board members about details on recruitment scam allegations

TCS is consulting with external auditors to investigate the situation, said a person aware of the development

Sebi invites applications to hire for 25 senior-level posts in legal dept

Capital markets regulator Sebi on Thursday invited applications for 25 senior-level posts in the legal department. The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role. In its public notice, Sebi has invited applications from Indian citizens for the post of Officer Grade A (Assistant Manager) in the legal stream. The candidates can apply for the posts through online mode till July 9. The regulator will conduct online examinations for the recruitment of these positions during August-September. To apply for this position, the applicants are required to have a bachelor's degree in Law from a recognised university or institute. While inviting applications, Sebi has also cautioned candidates against falling prey to any unscrupulous elements who may try to deceive them by false promises of securing jobs in the regulator, according to a public notice. In case any candidate co

Sun Life Financial's GCC to hire 1k people in India, Philippines in 2 years

Hiring comes at a time when GCCs in India expanding. According to the latest Nasscom-Zinnov report, India had 1,580 unique GCCs as of FY23

Zoho freezes hiring, selective recruitment for customer-facing roles

Amid global macro headwinds, Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring freeze for engineering roles and pruning marketing spending, although selective recruitment for customer-facing roles will continue. The software-as-a-service (SaaS) company announced investments across its entire portfolio to accelerate momentum in the mid-market and enterprise market - a segment it collectively refers to as 'upmarket'. The company, during a briefing, said it has logged a 65 per cent compound annual growth rate (CAGR) within the mid-market and enterprise segment, in the last three years. Praval Singh, VP of Marketing and Customer Experience, noted that while there are economic shifts, CIOs are looking to optimise on cost and value, and Zoho solutions are even more relevant in these times. "That is the silver lining and that is the reason for us being bullish more so in India. Certain parts of the world are more challenging but in .

Hiring appetite positive for Jul-Sep quarter amidst layoffs: Survey

The Indian labour market is indicating positive sentiments for the July-September quarter of this year and businesses in the IT industry continue to report the brightest hiring outlook, a survey said on Tuesday. According to the ManpowerGroup Employment Outlook Survey of nearly 3,020 employers, the labour market is indicating positive sentiments in the third quarter of 2023 despite news of layoffs and anticipated global economic slowdown. As many as 49 per cent of employers report higher intentions for hiring, while 13 per cent do not expect to hire, leading to a seasonally adjusted net employment outlook of 36 per cent. When compared to the same period last year, hiring sentiments have declined by 15 per cent, while there is a 6 percentage points growth when compared to the last quarter. Globally, employers in all 41 countries anticipate a net positive hiring outlook, with Costa Rica topping the chart with a net employment outlook of 43 per cent, followed by the Netherlands (39 pe

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

Govt seeks applications for 15 judicial, technical jobs at NCLT, NCLAT

The government has sought applications for a total of 15 positions of judicial and technical members at the National Company Law Tribunal (NCLT) as well as the appellate tribunal NCLAT. As many as 15 posts, including that of 5 judicial members and 5 technical members, are to be filled up at the NCLT. Besides, applications have been invited for 3 judicial members and 2 technical members at the National Company Law Appellate Tribunal (NCLAT). The last date for submission of the applications online for NCLAT is July 5 and for NCLT is July 19, according to two separate notices issued by the corporate affairs ministry on Tuesday. Among other requirements for the positions at NCLT and NCLAT, the applicants should be at least 50 years old. A person should have been a judge of a high court or a judicial member of the NCLT for five years or has a minimum 10 years of experience to be considered for the post of judicial members at the NCLAT. Those with "proven ability, integrity and standing

Hiring sentiment in sales hit due to slowdown in mobile shipments: Report

The report suggested that while there are no job cuts yet, it could be a possibility, given the shipments do not pick up

IT sector growth to slow down further in FY24, hiring to be low: Icra

Indian IT companies revenue growth will slow down further to mid-single digits amid intensifying headwinds for the nearly USD 250 billion dollar sector, domestic rating agency Icra said on Wednesday. The continuing uncertainties are set to take their toll on hiring, and companies are expected to keep employee addition at "low levels" in the near term, the rating agency said, adding that the net addition is negative in the last two-quarters of FY23. As per industry lobby grouping Nasscom's report published in March, the sector's growth slowed down to 8.4 per cent in FY23 from over 15 per cent in the previous fiscal. "Despite a strong order book and deal pipelines of Indian IT services companies, Icra expects the revenue growth to remain subdued in mid-single digits in USD terms in FY2024," the agency said. It has maintained its stable outlook for companies in the sector, which is generally known to have the best quality on leverage positions. The agency said the growth momentum ...

upGrad Abroad to hire 500 freshers in 3 months to expand business

Edtech player upGrad's arm, upGrad Abroad, on Monday said it plans to add 500 members in the next three months to further expand its business footprints. The fresh recruits would be made across multiple sub-departments including sales, marketing, technology and product, upGrad Abroad said in a statement. This recruitment will mainly be fresh talent directly from college campuses and universities to accelerate employability. We have built a strong business model that is minimising geographical barriers not just for our learners but also for the back-end teams. Hence, it's critical for us to get more of such young employees on-board who are keen on international exposure and can work in sync with the brand's mission of easing the skilled talent mobility for several global economies," upGrad Abroad President Ankur Dhawan said. The vertical also expects to break even this year and cross Rs 500 crore of annual gross revenue during 2023-24. "We are building strong business pockets across

Staffing, IT software industries show highest demand for freshers in India

The demand for interns is the highest in the IT industry which accounts for 35 per cent of all openings: foundit data

As the race for AI domination intensifies, Apple looks for talent

Apple has posted around a dozen openings on its career page inviting applications from professionals in generative AI

AI, AI Express hired more than 3,900 people this year: Campbell Wilson

Air India, under the stewardship of Tata Group, is revamping the airline group and hiring more people as it expands the fleet as well as operations

Coursera expands online learning, certificates, GenAI, hiring solutions

Edtech platform Coursera on Thursday said it is expanding online learning in the country with several new partnerships, degrees and certificates, GenAI features and hiring solutions. "We're excited to see our continued momentum in India, driven by the efforts of institutions and the government to equip individuals with skills for a digital future," Coursera Chief Operating Officer Shravan Goli said in a statement. India is one of the fastest-growing markets of the company and is critical to its global strategy, he said. "We're proud to support and empower learners with several new content and platform innovations to accelerate the next phase of their education and career," he added. Coursera has formed 4 new partnerships, introduced a career-focussed degree programme and two university certificates, the statement stated. The online platform has introduced ChatGPT-powered tools and VR features to make learning and teaching more interactive, effective and personalised. Also, the co

Experion to invest Rs 50 cr in global expansion, hire 1,500 IT employees

IT company Experion Technologies on Tuesday said it plans to invest Rs 50 crore in the next 12 months to expand its international operations and build capacity in Japan, the Nordic region as well as in existing markets including the United States, Australia, New Zealand, UK and Europe. Part of the expansion plan includes an increase in onsite hiring. "The company has allocated Rs 50 crore towards global expansion for the next 12 months. It looks to strengthen its local presence by onboarding technical and senior sales and domain practice leaders in those markets," the company said in a statement. Experion plans to start operations in Japan from June. The company plans to bring advanced tech capabilities, product engineering process competence, and learnings gained from other markets, such as the US, UK, and Australia, to the Asian nation. Additionally, the company will invest in capacity building for engineering verticals comprising automotive and embedded systems, the statement ..

77% firms predict to have both replacements, new position hirings: Report

Around 77 per cent of Indian companies interviewed expect hiring to include both replacements as well as new positions in 2023-24, a report said on Monday. According to a report by Kolkata-headquartered HR solutions provider Genius Consultants, southern and western regions will predictively have maximum hiring ratios in this financial year, as specified by 33.30 per cent of participants, said the report. The prime focus for experience levels during hiring is agreed by 36.06 per cent to be four to seven years on average, it said. Merely 9 per cent of individuals deem that employees with 13 years and above experience are top candidates while hiring, it added. The report is based on an online survey of 2,100 company executives and HR professionals from March 12 till April 15, across sectors including banking and finance, construction and engineering, education/teaching/training, FMCG, hospitality, HR solutions, IT, ITES and BPO, logistics, manufacturing, media, oil and gas, pharma and

Hiring in startups up in April, despite 6% annual drop in e-recruitment

The overall hiring demand among startups has noted a strong 19 per cent (year-on-year) growth this April 2023 compared to the previous year

Here's how AI is once again putting tech companies in the hiring mood

After a year of layoffs, the past month has given us evidence that tech employment is stabilizing, even perhaps turning up a bit

Cloud, Big Data, and AI sectors continue hiring trend in Q1 2023: Report

Amid a continuous decline in job postings, hiring trends remain upbeat in the sectors related to Cloud, Artificial Intelligence (AI), and Big Data, according to a report on Friday