The government on Tuesday said it has extended connectivity norms for work from home for IT and BPO companies till December 31. The time period for work from home was expiring on July 31.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Added bulk of rise in labour-intensive sectors for September quarter; export segments fuel increase across the board
In mid-2020, when Kushal Pal Singh, the undisputed king of India's vast real estate market, relinquished the top post at the country's largest realtor, he left behind an empire that is best compared to the Greek myth of the Phoenix. Once the leader of Delhi's organised real estate market, DLF's steep decline in the 1970s and its majestic rise since has often been cited as a business resurrection story. Now, a year after his departure from the helm of affairs, history seems to be repeating itself at the real estate major. In the 1970s, it was the government prohibitions that had forced DLF to venture into uncharted territory; some five decades later, the Delhi-headquartered firm has set its eyes on another growth trajectory that holds immense potential.
Naukri.com's Hiring Outlook Survey for 2020 reveals the jobs and sectors that saw a surge in demand during the pandemic.
IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and that the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The statement comes in the backdrop of a report by Bank of America that said domestic software firms are set to slash 3 million jobs by 2022 as automation gains pace across industries, especially in the tech space. "With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to creation of newer jobs. "The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement.
HR Guru Mayank Rautela offers practical advice.
JACC is recruiting Technical Support Associates and Customer Support Associates for UK processes.
iMindz is looking for Technical Support Associates, Senior Customer Care Associates, Tele Recruiters.
TeleTech India is recruiting Customer Support Associates, Technical Support Associates and Team Leaders.
Manpower Services India is recruiting Customer Support Professionals, Data Associates, Technical Support Agents and Senior Executives for its ITeS Division.
Orion Dialog, a domestic call centre, is recruiting Call Centre Executives, Supervisors, Sales Coordinators and Assistant Managers.
TransWorks (Aditya Birla Group) has positions open in Voice Based Services.
BPO is going to generate employment in all small cities.
Industry insiders as well as sector experts said that companies are unlikely to miss this opportunity to rationalise bloated boom-time salaries.
'It is very disturbing to know that even in today's world women are treated differently.'
With the rupee going from strength to strength and attrition a continuing concern for Indian business process outsourcing companies, the new poster child of private equity investors is witnessing adjustments in valuations in the changed scenario.
Minacs will be integrated it into SYNNEX's BPO business, Concentrix.
Other than Gujarat, Odisha and West Bengal, call centres would come up in Assam, Manipur, Tripura.
The expansion comes in the wake of Infosys is planning to expand the workforce at Lodz delivery centre by 500 people.
Hiring activity in the country, which was hit by the second COVID wave, bounced back with a 15 per cent growth in June compared to May, according to a report. The activity was led by the IT-software/software services sector. The latest Naukri JobSpeak report on Thursday said that India's hiring trends grew 15 per cent in June with 2,359 job postings from 2,047 in May.
MphasiS is looking for Technical Customer Service Executives and Customer Service Executives.
: IBM Daksh is recruiting Customer Care Specialists (Tech/ Semi-Tech & customer Support) and Technical Lead.
US Technology Resources is looking for Process Associates and Team Leaders.
Option One Mortgage is looking for Customer Care Associates (data process).
US-based Sutherland Global Services announced the acquisition of Adventity Global Services, a business and financial research and analytical services company.
Gururaj Kishore is being questioned as he was a suspect and "if he is involved, we will arrest him", the police said
Convergys India Services is recruiting Customer Care and Technical Support Officers.
India is on the verge of another outsourcing wave: high-end laboratory and diagnostic testing!
Convergys India Services is recruiting Customer Care and Technical Support Officers.
Chennai has emerged as the most attractive destination for offshoring services, closely followed by Hyderabad, a recent survey by US based A T Kerarney has revealed.
The intent to hire in the current quarter is likely to rise by 7 per cent over the previous three months if further lockdowns and workplace operating rules are not enforced, mainly driven by demand in healthcare, pharmaceuticals, educational services, ecommerce and technology start-ups and IT, according to a report. In fact, out of the 21 sectors reviewed, more than 8 sectors will witness a 9-11 per cent rise in their intent to hire in the current quarter, TeamLease Employment Outlook Report has revealed.
BPO, which is growing at 12 per cent annually in the country, is expected to touch $50 billion by 2020 from the present $21 billion.
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