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The Indian staffing industry, including employment vacancies and temporary workers, is growing at 10-15 percent year-on-year.
Jobs that require knowledge of global languages are on the rise and companies are more than willing to pay a premium for those services.
Experts peg the layoffs to be less than 10,000 coupled with bullish hiring at the back of huge demand for digital.
An industry source told Moneycontrol that bench strength at a top IT firm shot up to over 10,000 in the current quarter on account of delay in project commencement.
The slump was recorded across 27 sectors in the country, with metros bearing the brunt as against Tier II cities for the review period
The job cuts will affect a few hundred employees – mostly those with over eight years’ experience, as new CEO Brian Humphries looks to slash spends
Infosys' annualised consolidated attrition stood at 23.4 percent, up 3 percent from the quarter ended March 2019.
The New-Delhi based lender, that froze hiring in 2017-18, is planning to recruit 2000 employees, including 600 clerical staff and 400 officers in the current financial year.
In the second part of the hiring series, we look at how IT firms have been forced to tweak their overseas hiring plans.
In the first part of the hiring series, we look at how IT firms are looking at hackathons and gaming to recruit professionals.
With demand increasing and using the parent company Mercer’s bandwidth, the company is now looking to scale their latest offerings
Number of people hired in February 2019 was 2415 compared to 2087 for the same period last year.
Mobile application development, be it Android or iOS, is the hottest skill right now given the amount of mobile apps we use on a day-to-day basis. There is one for booking tickets, ordering food, cleaning house and anything else you can think of.
Companies are no longer looking for talent only in professional colleges and universities. They are hunting for talented foreign language students and willing to pay them competitively as well.
According to the Naukri JobSpeak Index for December 2018, there was a growth of 8 percent in hiring from December 2017, where recruitment activities in the auto and auto ancillary industry recorded a an increase of 24 percent and the HR domain grew by 17 percent.
The addition comes in as the bank expands its branch network & launches new products
Bolstered by the economic growth observed in 2017, talent acquisition witnessed an uptick across several sectors, according to recruitment firm Michael Page India.
The loss of jobs with increasing automation has been a recurring theme, especially in the IT services sector in India.
In July, SBI selected 2,200 probationary officers from around 14 lakh applicants for the year 2017-18. These officers were selected on the basis of their aggregate score, which includes scores from other sections.
The report comprises a detailed explanation and analysis of feedback received from around 1,860 business heads and HR leaders across five major industries.
New skills, apart from artificial intelligence and machine learning, will be in demand in 2018
The report said that FMCG hiring rates of women at entry levels is 21 percent lower than IT/ITES and pharmaceuticals’ is 11 percent lower than IT/ITES.
The staff strength has come down to 2,69,219 staff as on September 2017 compared to 2,79,803 as on March 2017.
Of the new MDs, about 44 percent are millennials, born in 1980 or later – up from 30 percent in 2015.
The report highlights that executive salaries have plateaued and in some cases show a downward trend.