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The good news is that improving job creation has come along with budgetary sops to reduce tax and drive up sluggish consumption
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The EPFO scheme recorded 1.03 million new employees during this period—an increase of 4% over the previous month
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Indian companies are opting to hire more experienced, older workers. The good news is that women are leading the charge with the percentage of experienced women in net additions rising 167 percent in FY24 at just about a million from 371,858 in FY19.
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Overall, the strongest hiring intentions continue in north of India (36 percent) followed by west (31 percent), south (30 percent) and east (21 percent)
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While tier-2 cities have outperformed metro cities on a YoY basis, metros have witnessed a significant upswing in hiring in the last few months.
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From the typical dropout rate of one in five for offers made during the 'employer market phase' in the second half of 2022 to late 2023, there is now one dropout for every three offers made, Xpheno data showed.
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The research also showed that the telecom domain tops hiring demand within the electronics industry, accounting for 64 percent of hiring, closely followed by lighting and automotive sectors.
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The World Bank says South Asia’s employment ratio is lower than that of other developing regions because of two primary reasons---low employment ratios for women and lack of jobs in the non-agriculture sectors
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In the current landscape of numerous layoffs in both large and small companies, a new concept is emerging: Career Cushioning. This term refers to creating a safety net or backup plan to soften the impact of potential job loss. Let's delve deeper into what this term means and its origins for a comprehensive understanding.
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While the unemployment rate has come down, the rise in the proportion of unpaid helpers and of workers in agriculture point to disguised unemployment
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The monthly JOLTS showed U.S. job openings fell to 8.73 million in October from a revised 9.35 million in September, signaling slowing labor demand
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As per data by foundit Insights Tracker (fit), the Retail and Advertising, Market Research, and Public Relations (PR) sectors also maintained robust growth, registering 29 percent and 26 percent year-on-year increases, respectively
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Hiring was up from 185,000 in June, a figure that the Labor Department revised down from an originally reported 209,000. Economists had expected to see 200,000 new jobs in July.
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Employers in all four regions in India are expecting a strong pace when compared to last quarter.
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"Loyalty has lost its lustre for many workers, with even ‘happy’ staff now open to being tempted away with the promise of better pay, flexibility and conditions," the report said, adding that 98 percent of all employees are open to new opportunities.
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Moneycontrol spoke to 10 people about where they landed after being sacked abruptly and their coping mechanisms through a year of misfortune for startup employees. Names have been changed to protect their identity.
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PLFS data say that while the percentage of workers in informal employment in the non-farm sector was 68.2 percent in 2018-19, it increased steadily to 71.8 percent in 2021-22
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Average gross earnings from self-employment were substantially lower than income from salaries, both in rural and urban areas
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The report, which surveyed 874 large, medium and small businesses across manufacturing, services and technology, said employers had realised that hiring lateral talent at a premium is not helping them achieve the intended return on investment.
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The number of those saying they are motivated to add to their skillset has increased by 4 percentage points from the previous year.
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Amid caution over the global economy, staffing experts say tech companies are reassessing their spending and bracing for a potential recession.
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Marketing, one of the earliest to lay off employees during the pandemic, has picked up steam, accounting for over 6 percent of job postings.
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The Tech sector has lost its sheen in terms of talent demand. It's not an employees’ market and startups are no longer everyone’s choice as career starters.
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The growth in domestic economy-driven sectors and non-metro cities has offset the slowdown seen in IT and BPO, resulting in sequential stability at the aggregate level, according to Naukri JobSpeak.
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Talent experts say that adjacent skills are most in demand in high-productivity roles. For instance, IT major Infosys, apart from hiring for specific skills, also focuses on adjacent skills.
