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India's Job Market Sees 11% Growth in July, Led by Retail and Telecom Sectors
According to a report by talent platform foundit, formerly called Monster APAC & ME, there is also a slight 1 per cent MoM decline in hiring compared to June. That apart, job market still continues to be on growing trend.
EPFO Welcomes 14.41 Lakh New Enrollees, 57 pc are youths
Of these, a large number of 7.47 lakh are first-time entrants to the organized workforce. Of these, as many as 56.83 percent belong to the 18-25 age bracket. Obviously, the youth are the main job seekers in the organized sector, according to official statements.
India Sees a 7.4% Surge in Hiring for Blue-Collar Workforce in 2023
Sashi Kumar, Head of Sales at Indeed India, highlighted the significance of upskilling in the tech-driven landscape for a promising future.
India Sees a 7.4% Surge in Hiring for Blue-Collar Workforce in 2023
Sashi Kumar, Head of Sales at Indeed India, highlighted the significance of upskilling in the tech-driven landscape for a promising future.
Garuda Aerospace raises Rs 25 cr for working capital to execute order book
According to Garuda Aerospace, the company has raised Rs 25 crore from Venture Catalysts and WeFounderCircle.
Mild recovery not enough; manufacturing needs to grow faster to create jobs
Official figures released on Thursday show a 9.3% growth in the manufacturing sector during August but this is compared to a low base of the previous year when output contracted.
Job cuts drop 49% in US in June, lowest in 7 months
According to the report from career services firm Challenger, Gray & Christmas. US-based employers announced 40,709 cuts in June, down 49 per cent from the 80,089 cuts announced in May.
New Jersey firm fined for discriminatory job ads seeking only Indians
Infosoft Solutions Inc, an IT recruiting and contracting company operating as KForce Tech LLC, violated the Immigration and Nationality Act (INA) by posting six discriminatory job advertisements between July 2021 and August 2021. When employers advertise jobs only to applicants from a certain country or who need temporary vis.
Layoffs also harm shareholder returns in the long term: Report
Given that personnel are a key cost driver for most organizations, it's not surprising that business leaders look for job cuts while trying to contain costs in an uncertain business environment. However, a Gartner analysis suggested that forecasted savings tend to become offset by the unforeseen consequences of layoffs within three years and in many cases can be detrimental to shareholder returns in the long term.
Hiring in startups up in April, despite 6% annual drop in e-recruitment: Report
According to the report by foundit (previously Monster India & APAC), there has been a 4 per cent monthly dip, indicating cautious hiring sentiments among Indian recruiters. Although some sectors like BFSI (+3 per cent), Travel & Tourism (+2 per cent), and Import/Export (+13 per cent) experienced a boost on a month-on-month (MOM) basis, other sectors, such as Logistics, Home appliances, and Oil and gas, saw a significant decline.
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