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.
Ashok Reddy, MD and co-founder of India's leading staffing company TeamLease discusses his success mantras.
A study has found that candidates, while trying to make their resumes different and impressive, only end up making blunders in the process.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
Quick Heal Technologies which got listed in February has taken the steepest hit as its shares have slumped 31 per cent against its IPO price.
EPF allows partial withdrawal to meet situations like house construction, medical emergency, and so on.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
This year the sector expected to witness a 14-16 per cent growth in recruitment.
Nearly 20 lakh jobs will be up for grabs for those having skill such as IoT, mobility solutions, telecom infrastructure, network architectures, sales among others.
IndiGo has confirmed the delivery of the next set of 25 ATR-72 jets and will be inducting around 10 planes by the end of this calendar year, making it the largest regional fleet operator in the country.
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
The norms, say industry experts, are not sufficient to weed out fly-by-night contractors.
Most banks are still reluctant to open savings accounts based on company appointment letters, though the Know-Your-Customer norms allow it.
More than 61 per cent of women choose non-professional courses.
Private firms will have to maintain a minimum net addition to their workforce each month from October this year to June 2021 to get the Employees' Provident Fund subsidy for the new recruits.
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.
HR experts estimate that up to 70 per cent companies in the manufacturing and services space including sectors like auto components, edutech and construction equipment are looking to restore the salary cuts over the next couple of months.
The Karnataka government is also expected to follow suit and withdraw its decision to raise the variable DA.
The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.
According to the TeamLease's Salary Primer for 2013, hiring will increase going forward and salaries too will see an upward movement across most industries.
With the exception of infra, IT & ITes - the employment outlook seems flat across sectors.
Indian employers are optimistic about their hiring prospects in the October-December quarter led by retail and healthcare sectors which are the prime movers behind the upswing, says a survey.
Ensuring health insurance for all workers would be major challenge for the industry that is already grappling with cash crunch, and the government should have borne the cost.
They should be able to provide counselling, training and employment.
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.
The employment outlook report, by staffing solutions company TeamLease Services and Indian Institute of Job Training, doesn't make for a happy reading.
A public-private partnership is changing the way the youth from rural India is enabling themselves to become job-ready.
According to the TeamLease Employment Outlook Survey for the next six months (October 2014 - March 2015), global macroeconomic trends and domestic demand have put business and employment sentiment on a fast paced upward trajectory.
A comparative analysis of the five TeamLease annual salary primers released between 2008 and 2012 showed the gap between average temporary (temp) and permanent (perm) salaries has narrowed over the last five years, and is now hardly at four per cent. The difference nearly five years ago was in excess of eightper cent.
Experts attribute this trend to a combination of end of capital expenditure cycle, increased automation, RIL's preference for time-bound labour contracts, and telecom and retail's outsourced human resource model.
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.
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.
If retrenched workers are unable to reskill within a fixed period of time, they will have to return the money given to them by the government. Moreover, they may be asked to pay back an interest on the sum transferred.
Manish Sabharwal, Chairman of Teamlease Services and IIJT Education says that the current regulatory regime imposes five heavy costs on our higher education system. Read on to know what these costs are are.
Employment exchanges will not remain mere places where people register their names and begin an endless wait for a call for an interview for a job which, most often, may never happen.
According to Venture Intelligence, PE/VC investors have already invested $93 million in 10 education companies so far in 2011, led by a Rs 100 crore (about USD 22 million) investment in vocational training and placement firm Teamlease Services.
'Young professionals should be open for jobs in adjacent industries, pick up a contract job to have an opening balance, develop skills in the job in hand, invest in learning and develop cognitive skills and capacities.' 'Spend as per the need only.'
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
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