After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know. Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem - almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion.
Probe found that HSBC's Anti-Money Laundering Compliance Department was highly inadequately staffed.
Many firms have asked those joining on April 1 to delay their on-boarding by 2-3 months. The outlook for the airline, tourism, hotel, and media industries is bleak too.
Job openings for permanent staffers at fresher level will be adversely affected due to the overall hiring freeze amid the second wave of COVID-19, while temporary or gig workers seem to be better placed, says a survey. According to a survey by staffing and HR services company Genius Consultants, over 57 per cent respondents believe that new job positions for permanent employees will suffer a major impact of the overall hiring freeze. However, just 43 per cent of respondents believe the same for temporary or gig workers, it noted.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
India continued to be the most optimistic nation in terms of hiring plans for the next three months, driven by strong job opportunities across all sectors including finance and realty sectors, global staffing services firm Manpower said.
Pakistan justifies the act saying it may be too onerous for small countries to have to participate in another working group as they have staffing issues.
"While employers in India continue to show optimism in their hiring intent, the impact of US slowdown has started showing its impact," Manpower India Managing Director Naresh Malhan said while releasing the latest Manpower Employment Outlook Survey. Malhan further noted that 'future trends would be challenging and the October to December quarter would be a testing time largely due to rising crude oil prices.'
'When you don't have food to eat, will you be worried about the virus or the next meal?'
India's results are well above the global average.
This development amounts to "downgrade" of Pakistan as a "non-school-going station", an official said.
Employers in India are planning to hire at a robust pace in the next three months and public administration, education and services sectors are expected to see strong recruitment trends, says a survey.
As the country launches itself on a higher growth trajectory but with rising unemployment, a report says that unemployability is a bigger crisis than unemployment. "About 53 per cent of employed youth suffer some degree of skill deprivation while only 8 per cent of youth are unemployed," says India Labour Report 2007.
Future Retail has shut most of its Big Bazaar stores since February 25 (Friday) and its website is also down as it missed lease payments to Reliance Industries (RIL). RIL will open most of the 200 Future Retail stores as Reliance stores in the next week and it is in the process of taking stock, re-branding, and transferring 30,000 Future Retail and Future Lifestyle employees on to the rolls of its manpower and staffing firm Reliance SMSL, according to a source. The first tranche of stores are set to be opened as early as in the next two days.
Jammu and Kashmir "was, is and shall forever" remain an integral part of India, a top Indian diplomat asserted at the UN Human Rights Council's meeting in Geneva on Wednesday, a day after Pakistan sought the international community's intervention on the Kashmir issue. Speaking at the 43rd session of the UN Human Rights Council which is being held in Geneva in Switzerland from February 24 to March 20, Vikas Swarup, secretary (west), the ministry of external affairs, described Pakistan as the "epicentre of global terrorism".
Employers in South India are the most bullish on hiring plans with over 40 per cent of them having 'good intent' of recruiting people in the next three months.
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
Executives in India are likely to take home a fatter salary than their peers across Asia this year as average base pay for heads of organisations in the country are likely to rise by 8.3 per cent, says a report.
Indian employers report positive hiring plans for third quarter in 2012. With 55 per cent of employers expecting to increase staffing levels, 2 per cent forecast a decrease and 32 per cent anticipate no change, according to the latest Manpower Employment Outlook Survey.
According to staffing company Teamlease for the first quarter of this fiscal year, the overall net employment outlook index made a smart turnaround to recover lost ground.
Global slowdown has dampened hiring prospects of India Inc, causing its outlook to hit the lowest ebb, with only 19 per cent employers having positive recruitment plans in the next three months, according to global staffing services firm Manpower.
Travel companies are expecting a heavy rush to the US following the withdrawal of curbs on fully vaccinated travellers from select countries, including India, on November 8. The move will benefit those holding long-term tourist, business, and work visas. Also, new and extra flights by Air India and American Airlines are expected to provide better travel options.
Chitra Sood, staffing director at Microsoft India Development Centre talked about the recruitment process at MSIDC during a chat with Get Ahead readers on February 22. Here's what you must do to get hired by MS India.
This is expected to benefit subcontractor firms such as Manpower Group, Randstad, Adecco, Kelly Services, Allegis Global Solutions and a host of other boutique staffing firms which supply skilled manpower to technology companies in the US.
According to experts in human resources, even joining of new graduates is likely to be staggered as companies are expected to onboard staffers after gauging the demand scenario.
According to the quarterly report, hiring sentiment saw a marginal improvement with the employment outlook index for the January to March quarter standing at 47 index points, one per cent higher than the previous quarter.
A conducive labour situation could also help push the nation's per capita income to a $4,100 (around Rs 1,87,554 at an exchange rate of Rs 45.74 per dollar) by 2025, according to the 'India Labour Report 2009', released in partnership with IIJT Education.
India's employers are predicting yet another hiring frenzy in 2007. But will workers see bigger paychecks
as journalists active in Pakistani media have been quick to point out, with Ghafoor at the helm in Balochistan, no one will take seriously any claims by the civilian leadership to use the velvet glove to work for peace there, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.He did not hesitate to pejorate developments in India at the slightest opportunity, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
India has again emerged as the most bullish country in terms of hiring plans, with 25 per cent of the employers intending to recruit people in the next three months.
According to the Manpower Employment Outlook Survey, about 27 per cent of Indian employers said they would expand the workforce in the April-June quarter, primarily driven by ITeS and IT sectors where employer hiring intentions appears to be improving.
According to the TeamLease Services April-September FY'14 Employment Outlook Report, there is a 4 per cent rise in the employment outlook index to 79 when compared to the previous half year (October 2012 to March 2013), when it stood at 75.
A public-private partnership is changing the way the youth from rural India is enabling themselves to become job-ready.
While salary growth may range from a marginally positive to stagnant or even negative, the increment for some of the "super-specialised" profiles can go beyond 15%.
Lower cost and easier termination may well be among the reasons that companies seek to have employees on contract. The share of employees on contract has increased to 57.3 per cent of the total workforce this year as compared to 53.7 per cent in the previous year.
In the first part of our series on Women's Day we present Chitra Sood, staffing director at the Microsoft India Development Center. Here are her thoughts on Women's Day, the secrets to her success and her advice to young girls just starting out on their careers.
Banner Healthcare on Monday announced a tie-up with K K Modi Group company Healthcare Placements India Pvt Ltd for recruiting nursing professionals from India.
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