After a recent fall in profit, Masayoshi Son of SoftBank announced that the Japanese tech investor will look at dramatic cost-cutting. Before he does that, investments in India for calendar year 2022 (CY22) will fall radically, observed sources in the know. Last year, the company had invested around $3.2-3.5 billion in the Indian start-up ecosystem - almost 10 per cent of the total investment the sector received. For CY22, the investments may not even touch $1 billion.
According to the TeamLease Services April-September FY'14 Employment Outlook Report, there is a 4 per cent rise in the employment outlook index to 79 when compared to the previous half year (October 2012 to March 2013), when it stood at 75.
The average salaries for vocational jobs have grown by 18% whereas engineering and MBA jobs rose only by 4% and 3% respectively.
Job seekers, brace yourself for a tough 2013!
Last year, it was not just the economy that slowed hiring. Employers were also unable to complete the verification process because of the lockdowns, resulting in delays in hiring and an increase in discrepancies between an employee's professed abilities and the reality. The experience is driving many companies to automation. In a recent EY survey, 56 per cent of the companies said they'd automated their processes, while 72 per cent felt technology could be leveraged to digitise employee records.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
From Accenture to IBM, IT hiring is set to gain pace where most of these openings are for lateral hiring for people with 4-6 years of experience.
The study was undertaken across key cities in India and enlisted various personal attributes that affect productivity at workplace, and how employees feel about the same.
As per the Employment Outlook Report for the period April-June 2011, released by TeamLease Services Pvt. Ltd., hiring intent from IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune.
Teamlease Services is recruiting for leading international BPOs for Bangalore, Pune, Mumbai, Hyderabad, Delhi, Gurgaon, Noida and Jaipur.
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.
The reimbursement components of your salary require you to furnish bills before they become tax-exempt. Producing them may be difficult this 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.
This year the sector expected to witness a 14-16 per cent growth in recruitment.
Most banks are still reluctant to open savings accounts based on company appointment letters, though the Know-Your-Customer norms allow it.
From cloud computing to people analytics, most lucrative future jobs will be dominated by people with digital skills and expertise, explains Sarita Digumarti, chief learning officer, UNext Learning.
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.
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
'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.'
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.
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.
The norms, say industry experts, are not sufficient to weed out fly-by-night contractors.
More than 61 per cent of women choose non-professional courses.
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.
They should be able to provide counselling, training and employment.
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.
The employment outlook report, by staffing solutions company TeamLease Services and Indian Institute of Job Training, doesn't make for a happy reading.
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.
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.
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.
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.
The Karnataka government is also expected to follow suit and withdraw its decision to raise the variable DA.
