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.
Hiring intent in IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune.
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.
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.
India Inc is upbeat about the business outlook for the January-March quarter but will play it safe when it comes to hiring new staff, with most job openings likely to be at entry and junior levels in smaller cities, according to a new study.
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.
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'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.'
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.
The delivery staff who drop off packages for online retail giants or food or ferry passengers around the city in their taxis are among the worst affected by the capital's foul air.
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.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Staffing organisation TeamLease Sevices recently conducted a survey across several Indian cities to decipher gender preferences in the workplace. Here are their findings.
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.
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.
Bangalore and Hyderabad have seen the highest attrition rates in the country. During the past year, Bangalore, Hyderabad and Chennai had higher attrition rates than other cities. In Bangalore, ITeS lead in employment growth and it was followed by the health sector. On the other hand, financial services sector saw a negative growth in the city.
Job portals like Monster.com and Naukri.com affirmed the observation.
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.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Backed by technology banks are expanding the branch network - and adding more to the workforce.
Blunders in CVs are common, and poor language skills are only a part of the problem.
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 salaries of temporary and permanent staff is starting to converge, at least in some sectors. This has had a positive impact on the attitude of the people towards temping which had till now not been considered by many as respectable, primarily due to the variance in the salaries, according to the Annual Temp Salary Primer 2008 by TeamLease Services.
When it comes to being the big boss, the male gender continues to be the preferred species compared to a female counterpart calling the shots, according to a recent survey on 'Gender Preferences in Bosses'.\n\n
'You can't take jobs to people, you have to take people to jobs.'
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.
A slowdown in the global economy and the rupee appreciation are expected to hit India Inc's job recruitment plans as the country's employment outlook dipped by six points to 74 points in the April-June 2008 quarter. The business outlook dropped by 9 per cent to 70 points, according to staffing agency TeamLease Services' quarterly Employment Outlook Report.
Around 55.7 per cent of the workers had no qualms in fudging their cost details and almost 61 per cent felt that it is fine to take printouts and photocopies in offices for personal work, says a survey by TeamLease Services.
The report suggests a two percentage point increase in net employment from 82 per cent in April-June 2007 to 84 per cent in the current quarter.
All in kind! Gujarat's model of employee benefits, as seen in the state's family-owned businesses, retains talent with a human touch.
Retail, logistic, educational services and fast moving consumer goods and durables alone will add around 1.66 lakh, 1.49 lakh, 1.17 lakh and 1.10 lakh jobs respectively.
Global companies, e-commerce platforms and software product firms all want skilled digital workers.
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.
Temporary jobs are fast becoming employers' favourite in cities like Delhi and Mumbai while the gap between salary levels of 'temps' and permanent employees has also narrowed down, a new survey has revealed.
Galloping growth triggered mass hiring and salarys levels soared in its wake.
According to draft Code on Social Security, 2019, gig and platform workers will be entitled to life and disability cover, health and maternity benefits, among others.
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