According to the research, 54 per cent of companies reported skill shortages with businesses in 36 out of 44 countries finding it more difficult to attract skilled talent than in 2018. Employers in the US (69 per cent), Mexico (52 per cent), Italy (47 per cent) and Spain (41 per cent) reported the most acute shortages.
Eyeing acquisitions, new hires to counteract looming slowdown in US , UK, says chief Serge Godin. CGI mainly delivers services to the India offices of global clients. It earns half of its revenue from managed IT services or outsourcing. The firm which has made 110 acquisitions in the past four decades, may look at acquisitions in India too.
India Inc is getting to like the gig model of white-collar workforce. More companies are keen to hire part-timers, freelancers and flexi-time talent. Companies expect to see independent talent comprise over 15% of their workforce in the next 5 years, according to research from Flexing It, a gig platform. The research findings are based on its report 'Crafting a Strong Freelancer Value Proposition', that had responses from over 50 organisations and over 560 freelancers, exclusively shared with ET. Chandrika Pasricha, Founder & CEO, Flexing It: "Over 90% of both organisations and consultants agree on the strategic value and impact of freelance talent. The best consultants are highly sought-after experts who are helping organisations drive business priorities."
A sharp uptick in business dealings with American clients is driving growth in the business of accent training. The demand for US accenttrained corporate employees has been high since 2017, says Salman Ansari, CEO of Talent Resourze, a company that provides accent training. Demand has been growing at 15% for the last two years, according to Ansari.
Xiaomi in a press statement said that it generated employment for 50,000 people in India.
Rural development ministry has invited applications for the post of director general of the National Institute of Rural Development and Panchayati Raj (NIRD&PR) to be done directly or through deputation for w term of five years from the date of assuming charge or until the age of 60 years, whichever is earlier.
The organisation has started hiring engineers, systems architects and data analysts to work on projects and initiatives including product design, development and support for core functional areas of SVB’s business.
The platform’s annual intern hiring trends report for 2020 shows that this number crossed the 1 million mark in 2019 - a key indicator of the growing opportunities for Indian students to gain practical exposure and build their skill-set via internships.
How well do organisations in India truly understand their workforce? And as a corollary, how genuinely invested are they in employee engagement and well-being? The questions at this present juncture may sound regrettably rhetorical — but they are the ones HR leaders in companies across India need to be asking themselves urgently.
The estimated 17.6% decline in fresh jobs is based on an analysis of data from the Employees’ Provident Fund Organisation (EPFO). Apart from a slowdown in new jobs, the report also said that the pace of formalisation has declined.
While the EPFO data suggests that annualised new enrolments could be 106.2 lakh crore for FY’20, the SBI research team calculations show that actual annualised net new payroll could be 73.9 lakhs, about 21 per cent or 15.8 lakh lower than actual net new pay roll generated in FY’18.
Delhi is leading the way for STEM jobs with 31% of overall postings among metros, followed by Mumbai (21%), Bengaluru (14%), Pune (12%), Hyderabad (12%) & Chennai (10%). The West has beaten the rest of the country to the top spot, with 34% of all postings from this region. The North-South of India come in at a close second with 31% of postings.
India will create 1.6 million fewer formal jobs across government and low-paying sectors, an SBI report said.
Walmart announced layoffs across sourcing, agri-biz & FMCG divisions. More people will have to leave later.
According to data from job site Indeed, STEM-related job roles in India are among the most promising for job seekers, as these job openings have seen consistent growth in the past three years.
"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and technology team. The company plans to hire over 75 engineers and project managers this year and thereby expand its tech team," a statement said.
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