"Temporary recruitment may overtake permanent in the short-term, with employers preferring the flexibility of being able to add or remove staff from their payrolls as needed," Manpower India Managing Director Naresh Malhan said. Citing the global economic turmoil, many employers around the globe are trying to find ways for containing costs and are cautious about hiring decisions by making do with the people they have.
India has once again emerged as the most optimistic nation in terms of hiring plans for the next three months and the recruitment pace is expected to return to the pre-recession level in the new year, global staffing services firm Manpower says.
The attrition today stand at 17.24 points, according to the Employment Outlook Report for the January-March quarter of 2011 brought out by the TeamLease Services Private Limited, India's largest staffing company.
According to the latest survey by global staffing services firm Manpower, India has an overall net employment outlook -- a measure of hiring plans by employers -- of 19 per cent for the July-September period, the most among the 34 countries surveyed. The Manpower Employment Outlook showed that only 11 of the 34 countries have positive hiring plans, indicating the general gloom in the global job market in the wake of the tough economic scenario.
For India to endorse Nepal's Buddhist conference will be like sipping from a poisoned chalice, warns former RA&W official Jayadeva Ranade.
Poor land-use planning, indiscriminate approvals of building plans and the absence of disaster-risk assessment in urban design have resulted in what experts term concentrated concretization, predisposing cities to disaster risks
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
Corporate India is bullish about its hiring plans in the July-September period this year, with companies looking beyond metros to smaller cities in its search for talent, a report by staffing firm TeamLease said.
Most forecasts do not have a track record of transparency and accuracy
Ashok Reddy, MD and co-founder of India's leading staffing company TeamLease discusses his success mantras.
Still the Reserve Bank of India will operate as usual and can provide funds via its overnight repo window, traders also said.
JNPT, the country's largest container port, would soon move into congestion if cargo does not get lifted by importers in the next few days.
Under the plan, there will be 151 private trains covering 109 routes which may entail investments worth Rs 30,000 crore.
'Once accession to Pakistan appeared unlikely, the British instituted Operations Gulmarg and Datta Khel respectively to foil possible accession to India.'
Preeti Vyas Giannetti of Vyas Giannnetti Creative says that there is always a glass ceiling for women at the top level.
Moreover, the implementation of the Sixth Pay Commission -- which has raised the pay packets of government employees almost at par with their private sector counterparts -- has increased the attraction for public sector jobs. In the wake of the economic downturn, industry experts feel there has been a shift towards public sector employment.
Till a few months ago, hiring was a strict no-no for investment banks. On the contrary, they were scaling back staffing plans in India given the dearth of merger and acquisition activity and stagnant capital markets.That is changing rapidly with a rising number of deals fuelled by strong growth in the markets and an improving economic environment.
HR managers are resorting to innovative ways to harness and retain talent as the market is witnessing demand-supply constraints.
According to the study, the corporate space would witness a gradual but sure advent of aggressive hiring in the first quarter of FY 2010-11.
'Where did this fungus suddenly come from and get all over the country?'
The Temp Salary Primer 2009 noted that over the past few years 'hyperinflation' in employee costs made India a difficult place for entrepreneurship to bloom. This has fillipped broadbased hiring in the temp industry over the past year, besides rewards for skills. However, the temp industry has witnessed deceleration in wage growth since January this year. Another unexpected development is the shattering of the belief that temp hiring sees a spike during an economic slowdown.
Blunders in CVs are common, and poor language skills are only a part of the problem.
A total of 64 per cent of respondents in India said they had faced prejudice when applying for a job during the last five years.
Hiring is currently underway for operations staff as well as human resources, information technology, facility management, and training personnel. Full staffing of up to 1,000 employees is expected over the next several months.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
K Pandia Rajan, the founder of Ma Foi Management Consultants, talks about his political ambitions.
Galloping growth triggered mass hiring and salarys levels soared in its wake.
Kolkata tops the list of Indian cities when it comes to the employment outlook index. It has bounced back after the last quarter, when there was a sharp decline of 41 points on the index compared to the October-December quarter of 2008-09, which saw a dip of 69 index points on the back of Tata Motors' decision to pull out its Nano project from Singur. While infrastructure and financial services were the worst hit, retail, media and FMCG contributed the most towards growth.
The industry is seriously concerned that the new Competition Act, passed by Parliament in September but not yet fully notified, could impact local and cross-border mergers and acquisitions (M&As) and curtail business activities by placing substantial discretionary powers in the hands of the thinly-staffed Competition Commission of India (CCI).
The mood in India these days is "Goodbye, Socialism. Welcome, Sonyism".
'Job opportunities will be available in pharma, retail, medical, virtual business operating sectors, IT sector, telecommunications, infrastructure development, healthcare sector and e-commerce.'
"Hooking" is an endemic crime -- if you live in India, you've used "hooked" power.
N Ganapathy Subramaniam, chief operating officer (COO), discusses the strategy to concert digital opportunities to larger deals, focus on reskilling own people instead of acquiring a company to get access to skillsets and demand from newer verticals in an interview with Romita Majumdar
The net employment outlook index points of 78 per cent down six per cent over the last quarter and net business outlook of 81 per cent for the quarter beginning October is the lowest among all the four quarters in the current calendar year, a report by temp staffing company TeamLease said.
Indian IT workers are flooding Britain on temporary permits, undercutting local wages and raising prospects of a homegrown skills shortage, an IT association has claimed.
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