'20 per cent of the global AI researchers are of Indian origin, and we should bring them back.'
India's job market looks bullish with 44 per cent of companies planning to add more staff in the next three months as corporates gear up to bring workers back after the pandemic, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey released by ManpowerGroup India, employers report a Net Employment Outlook of 44 per cent - the most optimistic outlook in seven years. The Net Employment Outlook is derived by subtracting the percentage of employers expecting a decrease in hiring activity from the percentage of employers anticipating an increase in hiring activity.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
Former India speedster Ashish Nehra has backed Prasidh Krishna to find his groove as the pacer's struggle to find form continues.
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
Calling out the need for a global consultative approach towards the creation of regulations around artificial intelligence (AI), Rajeev Chandrasekhar, minister of state for information technology, said India has taken the lead in framing such regulations. He also stated that these frameworks will be presented by June-July this year. "India has taken the lead in creating this draft paper.
With an acute shortage of skilled workforce, India has been ranked 83rd globally in terms of talent competitiveness of its human capital.
Management consultancy PricewaterhouseCoopers' survey found that Indian CEOs were less concerned about the availability of talent and were willing to invest in training and development.
Many Indian graduates today have neither the knowledge nor talent, which the industry needs. Hiring overseas professionals is inevitable, writes Thothathri Raman, chairman, SEAA Trust, New Delhi, the global accreditation advocacy and facilitation organisation.
India's ranking is worst among the five BRICS countries
'The kind of jobs the advent of artificial intelligence, data science and so on are creating simply didn't exist before'
The National Association of Software Services Companies (Nasscom) on Tuesday launched the Talent Connect portal to bridge the gap between recruiters and digitally skilled and certified candidates. The portal, which has been in the work for the last 28 months has 100,000 candidates and companies such as Tata Consultancy Services (TCS), Tech Mahindra and Salesforce recruiting from it. The platform, for the first time, is also making an attempt to bridge the gap of skill-based talent to employers, rather than the current practice of academic focused talent base.
Governments need to proactively plan for attracting and retaining the next generation of talent for its civil services, an official report has said.
Wipro Chief Azim Premji has cautioned US on the shortage of IT professionals in the country and has asked the business fraternity there to take up this problem urgently.
Indian employers have robust hiring intentions for the next three months, with 49 per cent of companies planning to add more staff in the January-March quarter, as employers are positive about achieving sustained post-pandemic recovery, a survey said on Tuesday. According to the latest ManpowerGroup Employment Outlook Survey, hiring sentiment in India is the strongest reported in eight years, improving by five percentage points in comparison with the prior quarter and by 43 percentage points when compared with this time one year ago. The survey of 3,020 employers noted that 64 per cent expect to increase their staffing levels, 15 per cent anticipate a decrease and 20 per cent do not anticipate any change, resulting in a seasonally adjusted Net Employment Outlook of 49 per cent.
The single greatest empowerment to our economic growth as we continue to move towards three per cent or four per cent GDP growth will be the resources that we need to fill hi-tech jobs, advanced degrees, advanced analytics, science and research: Senator Thom Tillis.
With the Indian armed forces facing a shortage of over 13,000 officers, the 30-lakh-strong National Cadet Corps seems to be the best bet to fill up vacant seats in the military academies.Finding success in motivating its cadets to join the armed forces, the NCC has been efficiently filling up the quota reserved for cadets with 'C' Certificates in the academies of the army, navy and air force.
WCH Training Solutions is organising a 10-day workshop on "Voice & Accent Training Skills" for professionals in the BPO industry.
According to the International Business Report by global consultancy firm Grant Thornton International, Vietnam tops the employment growth index 2008 with a 14 per cent rise in employment by privately held businesses, followed by India and China at 12 per cent each. With double digit growth, Vietnam, India, mainland China and Armenia (11 per cent) top the employment growth table.
Bharatiya Janata Party vice president Vinay Sahasrabuddhe was at the centre of a controversy on Wednesday after he reportedly said the party has a "smaller talent pool" compared to the Congress.
At a time when salaries continue to rise, ICICI Bank says it's important to keep economic realities in mind.
Financial services companies are partnering B-schools to design industry-specific courses.
Workforce participation rates are twice as high for Chinese women as they are for Indian women.
WNS, for instance, has 1,200 people in Nashik, a tier II city. It is looking at expanding its presence in tier II cities.
Engineers based in India are estimated to be writing roughly 35 per cent of the 100 million lines of codes required to develop one fully driverless car for global vehicle makers.
With the government issuing 120 more licences to over 10 players that are expected to roll out their networks soon, telecom companies fear a major talent crunch over the next 12 to 18 months. Telecom HRD analysts said attrition rates across levels is expected to go up to 25 per cent from 18 to 20 per cent. Companies expect salaries to jump 15 to 40 per cent, depending on the level, as the great hunt for new recruits takes off.
There have been 24 occasions on which 400 has been passed in ODI cricket and 15 of those have come since the 2011 World Cup.
Rising protectionist policies followed under Trump administration has prompted all IT services players to hire more locals in onsite geographies, especially in US.
According to a study by employability assessment company Aspiring Minds, only 4.77 per cent candidates can write the correct logic for a programme -- a minimum requirement for any programming job.
Highlighting the low representation of women in the Central Armed Police Forces, a parliamentary committee has asked the Union home ministry to take steps to encourage them to join the services, besides recommending a reservation for transgenders.
Globally, over 38 per cent employers are facing difficulties filling jobs with the right candidate.
Improving economy and investment in Indian carriers and hotels by global companies is likely to lead to hiring for aviation and hospitality sectors witnessing up to 40 per cent growth in 2015, according to experts.
Majority says that candidates lack technical skills they seek.
A slowdown in hiring by India's top IT companies has resulted in a sharp increase in the industry's profit per employee in Q3FY23. The top four IT companies earned a net profit of 1.7 lakh per employee during October-December 2022, up 8.6 per cent from Rs 1.57 lakh in Q2FY23 and 16.3 per cent from a record low of Rs 1.47 lakh in Q1FY23. Earnings per employee in the third quarter were, however, still down 0.9 per cent on a year-on-year (YoY) basis.
N Chandrasekaran, chairman of Tata Consultancy Services (TCS) and Tata Sons, believes that the Digital India Act is a necessity. "The Digital India Act is a necessity because so much has changed over the decades since the original Information Technology (IT) Act was put in place. I am glad the government is developing a participative approach to developing the Digital Act," he said, while answering shareholders at TCS' 27th annual general meeting. Minister of State for Electronics and IT Rajeev Chandrasekhar a few months ago had said that the government would shortly roll out the Digital India Act - a renewed policy for the digital ecosystem and cyberspace in the country.
Disgruntled executives are already pinning hopes on the new banks, too.
They also topped their Nations League group ahead of World Cup holders France, Denmark and Austria, and head into the tournament on the back of a winning streak that culminated in a 1-0 victory over Saudi Arabia in their final warm-up friendly.
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