Jobs

The CEO of Monster.com Sekhar Garisa said that as we approached the end of the September quarter, it was promising to note that we had witnessed a significant growth of 6% in the hiring over the last 3 months. The report further says that there was a stable monthly growth in job postings in the month of September compared to that of August.

The fresh investment and expansion of Indian operations is part of PwC's 'The New Equation', a new approach in how the firm sees new opportunities serving the clients as they work to build trust and deliver sustained business outcomes to their stakeholders. The new business strategy will see the company create new jobs in the areas of digital, Cloud, cyber, analytics and emerging technologies.

The country's premier index on hiring trends grew by 11 per cent in July versus June, to touch 2,625, the highest it has ever been, including the pre-Covid timeline. The rapid digital transformation across all sectors drove up the demand for jobs in the IT sector by 18 per cent, the report showed. July also recorded a higher demand for jobs across all functional areas, with more job options for freshers.

Manufacturers including Foxconn, Wistron and Pegatron were all committed to creating certain numbers of job opportunities when they applied to enter the subsidies programme under India's Production Linked Incentive (PLI).

Sectors which are likely to lead the job market include transportation and utilities, followed by the services sector. The strongest hiring pace is recorded in the medium sized organisations, followed by the large organisations with a seasonally adjusted outlook of +8 per cent and +6 per cent, respectively. From a region specific perspective, North and South indicate similar outlook at +6 per cent.

The online+offline model will lead to $125 billion retail exports and $8 billion in incremental GST contribution in the next 10 years, according to the report by Nasscom in association with leading management and consulting firm Technopak.

The report estimates that by enabling scale-up, USENET can aid in the creation of an additional 1 crore (10.3 million) jobs over five years going up to nearly 6 crores (56.9 million) over 10 years. Based on value-added per worker observed in this sector and assuming a 12 per cent nominal rate of growth in GVA, these jobs represent an additional economic value of Rs 2,16,000 crores at the end of 5 years and over 19 lakh crores at the end of 10 years.

It currently has more than 350 employees and centres in Gurgaon, Goa, and Hyderabad (in India), and Seattle in the US. The new recruitments will happen across technology, product, and data science functions by the next fiscal, the company said in a statement.

The overall hiring at year-on-year level showed a decline of only 10 per cent in December, according to Naukri.com ‘JobSpeak' report. The hiring in the insurance sector grew by more that 45 per cent in December, as Indians felt the need for securing their health and businesses in the post-Covid era.

While 26 per cent recruiters foresee hiring bouncing back to pre-Covid levels within the next three-six months, 34 per cent said that it would take their organisations six months to one year, said the "Hiring Outlook Survey" by the job portal. The survey, which involved 1,327 recruiters and consultants across the country, showed that jobseekers should remain optimistic for the coming year.