Friday, 29 November 2019
B-schoolers prefer tech roles to investment banks
Well-paying consulting and technology companies are now on the top of the preference list for fresh graduates of Indian Institutes of Management and other business schools.from Jobs-Economic Times https://ift.tt/35SSvkZ
Thursday, 28 November 2019
Top 5 IT firms’ hiring jumps 18% in first half
The five software services providers hired over 64,332 employees in the six months to September, compared to 54,642 people in the same period last year, according to an ET analysis of employee hiring at these companies. The digital business contributes to over a third of revenue for most IT companies.from Jobs-Economic Times https://ift.tt/2R7go3M
Kaun banega crorepati at IITs from Sunday
Salesforce is likely to emerge the top paymaster for the Class of 2020, as it has lined up offers of around Rs 1.8 crore (including variable pay and stock options) for software developer roles, IIT placement officials said. Making its debut at the premier engineering colleges is Clumio, a startup which is offering a package of Rs 89.5 lakh.from Jobs-Economic Times https://ift.tt/2OsPyS0
Wednesday, 27 November 2019
FMCG firms go on a talent hunt at top business and technology campuses
Top FMCG players are apparently going strong on campus placement. Biggies such as Hindustan Unilever (HUL), ITC, Marico, Godrej and Dabur are expanding their reach across B-schools and top engineering and general colleges, and rolling out new roles for the Class of 2020.from Jobs-Economic Times https://ift.tt/2rzoEyQ
Samsung India to hire over 1,200 engineering graduates for R&D
Samsung will hire students from multiple streams including computer science, electronics and communications, electrical engineering, mathematics and computing, instrumentation and information technology, the company said in a statement.from Jobs-Economic Times https://ift.tt/2qH0Lpg
7 lakh vacancies in central government, number of employees in place down since 2014
The Ministry of Personnel has furnished the details before the Parliament on Wednesday. Nearly 31.18 lakh central government in position as on March 1, 2018 against a total sanctioned strength of over 38 lakh posts. The sanctioned strength of the central government workforce has gone up by 1.57 lakh posts since 2014 when it stood at 36.45 lakhfrom Jobs-Economic Times https://ift.tt/35AN9um
Tuesday, 26 November 2019
Pay most important while applying to first job, say more than half Gen Zers worldwide
More than half of Gen Zers worldwide (54%) – including 62% in the UK and 59% in the US – say pay is the most important consideration when applying for their first full-time job. Money becomes increasingly important the older the Gen Zer, with 57% of 22- to 25-year-olds agreeing that nothing outweighs pay, compared to 49% of the 21-and-under crowd.from Jobs-Economic Times https://ift.tt/2QTdpfA
What it takes to include talent with disabilities, into the workforce
from Jobs-Economic Times https://ift.tt/2saT2zV
Monday, 25 November 2019
‘Non-employees’ to power companies, says survey
The non-employee workforce in India that is seen growing in the next three years includes free-agent workers (15%), parttime reduced hour (32%), a worker on loan from other organisation (3%) and free agents on talent platforms (230%), the survey said.from Jobs-Economic Times https://ift.tt/2XMafvi
Demand for CXOs bucks downtrend
Executive search firms such as Korn Ferry, EMA Partners, Transearch, Insist and Head Hunters said they are all witnessing an at least 20% increase in search mandates for CXOs over last year. The demand is primarily being driven by promoter-led firms and midsized companies, as they look for professional talent to drive their business to the next level.from Jobs-Economic Times https://ift.tt/2KUC2V6
Digital risk management strategy required: Deloitte India
The ‘Through the Risk Lens’ paper says that half of the workforce is likely to be millennials or gen Z workers by 2020, and by 2025, a fifth of the workforce will be contract workers. Furthermore, AI will displace 40% of the world’s current tasks, similar disruptors will help create 1.75 million technology-enabled jobs.from Jobs-Economic Times https://ift.tt/2sfvfil
12.23 lakh new jobs created in September: ESIC payroll data
The NSO report is based on the payroll data of new subscribers of various social security schemes run by the ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA). It has been releasing the payroll data or new subscribers data of these three bodies since April 2018, covering a period starting from September 2017.from Jobs-Economic Times https://ift.tt/2Oh8SBG
Number of pre-placement offers up for 5th straight year at IIT Madras
Qualcomm is the biggest recruiter so far, with 23 offers made. Samsung Research has made eight offers, while multinational drink and brewing company AB Inbev (of Budweiser beer fame) has also made eight offers. Semiconductor company Texas Instruments also made eight offers. Technology and semiconductor company Intel made seven offers.from Jobs-Economic Times https://ift.tt/2OkvaTk
Sunday, 24 November 2019
Rise in salaried workers, women fare better: NSO
The share of regular wage earners and salaried employees in the total urban workforce increased marginally between April-June 2018 and January-March 2019 — from 48.3% to 50% — with women faring better than men, the latest Periodic Labour Force Survey released by the National Statistical Organisation (NSO) showed.from Jobs-Economic Times https://ift.tt/33bZTpG
Office Conversations: 10 ways to have a productive meeting
Meetings serve as pipelines for a two-way flow of information from bosses to employees and vice-versa; obstructions can lead to a mess. Here’s how you can turn your meetings into sharp and productive interactions.from Jobs-Economic Times https://ift.tt/2QLj3Qz
NITs trump the slump this hiring season
Students at these engineering colleges have bagged more offers and higher pay packages in the placement season that started in August, compared with the previous years. Automobile and consumer goods companies that have typically been among the top recruiters have mostly stayed away this year, but their absence has been more than offset by technology and services firms.from Jobs-Economic Times https://ift.tt/34txBs0
Urban Joblessness: The state of unemployment in the economy
The National Statistics Office on Saturday released a report on the Periodic Labour Force Survey (PLFS) for urban areas for Jan-Mar 2019 detailing key indicators including unemployment, labour force participation rate and industry-wise jobs scenario.from Jobs-Economic Times https://ift.tt/35uMyKI
Friday, 22 November 2019
IITs see flood of early offers in slowdown season
Pre-placement offers at IITs — both old and new — including those at Mumbai, Kharagpur, Guwahati, Hyderabad and Gandhinagar for the class of 2020, have beaten last year’s corresponding numbers by 19-24%, according to institute placement cells. At some of these IITs, even more offers are expected in the coming week in the run-up to final placements.from Jobs-Economic Times https://ift.tt/35we2PV
Thursday, 21 November 2019
11.14 lakh people trained under skill development scheme for textiles: Govt
The training in ISDS also covered 33 states and Union Territories of the country, widely covering all sections of the society such as women(71.27%), Scheduled Caste(20.82%), Schedule Tribes (6.9%) and Divyang Jan(0.28%). “Out of the 11.14 lakh persons trained so far, 8.43 lakh persons have been employed,” textiles minister told Rajya Sabha in a written reply.from Jobs-Economic Times https://ift.tt/34aADRZ
Wednesday, 20 November 2019
Cognizant to upskill 5,000 staffers
The firm is in the process of selecting mid- and senior-level resources among the planned 5,000 employees who will be reskilled, chief financial officer Karen McLoughlin said in a recent analyst call. The firm had planned to increase hiring in its sales vertical to build a 500-strong team that will target niche deals in digital services.from Jobs-Economic Times https://ift.tt/336qJQb
Only machines do the talking at Federal Bank hiring process now
FedRecruit relies on a series of connected events or data points and goes beyond the conventional one-sided resume to construct a 360-degree narrative of the candidate. These data points are gathered through multiple stages--robotic interviews, psychometric and game-based assessments processes etc., Federal Bank HR chief Ajith Kumar KK said.from Jobs-Economic Times https://ift.tt/2QCwLFA
Tuesday, 19 November 2019
Employment growth in India slowed in last two years: CARE Ratings
As per the study, the aggregate headcount or employment increased at a CAGR of 3.3% over a four-year period from 2014-15 to 2018-19 compared with a CAGR of 7.5% in gross domestic product (GDP) during this period. In terms of growth in employment on an annual basis, it was 2.5% in 2015-16 and 4.1% in 2016-17.from Jobs-Economic Times https://ift.tt/342Wb2K
Monday, 18 November 2019
Average stipend offered for summer internship at IIM Indore up 12%
Female students on an average have received 24% higher stipend than their male counterparts in the summer internship placements, officials said. The highest stipend offered was Rs 4 lakh, the same as the previous year. IIM Indore has the biggest batch strength of 589 students in the class of 2021, including 258, or 44%, girls.from Jobs-Economic Times https://ift.tt/2CUrOjd
Information Technology may trim 40K middle-level jobs
Mid-level resources, with work experience of 10-20 years, account for a fifth of the workforce across IT companies, said analysts. That works out to about 6,00,000 professionals, meaning about 7% of mid-level IT jobs could be axed in the next 12 months.from Jobs-Economic Times https://ift.tt/2KzzLyJ
Amazon, Flipkart lead in B-school hiring
The ecommerce marketplace is the top recruiter at the NITs, including those at Jalandhar, Trichy, Calicut and Malviya NIT, Jaipur. Amazon was day 1 recruiter at NIT Trichy this year along with others like Microsoft, DE Shaw and General Electric. Flipkart is looking to hire interns from the top 22 B-schools, according to a company spokesperson.from Jobs-Economic Times https://ift.tt/33ZmAyL
IT companies may shed 30,000-40,000 mid-level staff: T V Mohandas Pai
T V Mohandas Pai, former Chief Financial Officer of IT major Infosys Ltd, termed these job losses as once-in-five-years normal phenomenon with maturing of the industry. "As in all sectors in the West, in India too when a sector matures so many people will be there in the middle level who will not be adding value to the salary they get," Pai told .from Jobs-Economic Times https://ift.tt/2QvICVI
Sunday, 17 November 2019
All fishing in the same talent pool: Tesco CTO Guus Dekkers
Companies, ranging from the technology units of retailers to car manufacturers and Indian IT firms, have been struggling to recruit talent with knowledge of new technologies that are disrupting businesses across the world.from Jobs-Economic Times https://ift.tt/2XlFwF8
Tuesday, 12 November 2019
Booming used car market creates job roles
Car companies may be battling the slowdown with job cuts. But new opportunities are opening up for auto engineers & diploma holders in organised used car retail, a segment that is expanding rapidly. Demand for used cars have seen an increase of 12-15% for over a year now. Currently, the organised used retail industry directly employees around 10,000 people.from Jobs-Economic Times https://ift.tt/33IFfyr
Saturday, 9 November 2019
No unconditional jobs under CECA, says Singapore's Minister
Claims that the bilateral agreement has cost job opportunities for Singaporeans aim to stoke fears in times of economic uncertainties, said Chan. The minister's comments came after an expletive-laden video surfaced online, showing a former Indian national lashing out at a security guard at the Eight Riversuites condominium.from Jobs-Economic Times https://ift.tt/2NAeAyq
Thursday, 7 November 2019
Freshers and students log on to upskill
Edtech companies like upGrad and Great Learning are now introducing courses for students that cost as low as 10% of the original versions. Students enrol on the platforms directly or through the colleges. Catering to the limited time in hand, courses are designed such that they are shorter and more intensive, getting wrapped up in under six months.from Jobs-Economic Times https://ift.tt/32u6fjK
Can you manage change? You’re boss
Industry experts said traits like adaptability and the ability to deal with ambiguity are important from the perspective of spotting new business opportunities and potential threats. Entrepreneurs who see a business opportunity ahead of others are the ones who have a clear advantage.from Jobs-Economic Times https://ift.tt/2WWpvFn
Railways completes recruitment exercise for 1.27 lakh vacancies
Total Posts of Assistant Loco Pilots (ALPs) and technicians were 64,371 and about 47.45 lakhs candidates applied for these posts. Vacancies for Level-I posts (erstwhile group D) were 63,202 and around 1.9 crore candidates applied for these posts. A total of around 2.4 crore candidates applied, making it the largest recruitment exercise, the railways said.from Jobs-Economic Times https://ift.tt/2quAB8I
Wednesday, 6 November 2019
Slowdown signal: Top companies cold to IIT hiring season
Some of the sought-after ‘Day One’ firms, which typically offer hefty packages, have either declined requests from placement cells of the institutes or are yet to confirm their interest. The placement cells at these institutes have doubled their efforts to reach out to newer firms to get adequate recruiters.from Jobs-Economic Times https://ift.tt/2qye1vD
Infosys to hire more freshers, targets $150 million in cost savings
Analysts said the cost optimisation plan was a routine move aimed at reducing wage costs by hiring more freshers. The company’s margins have dropped significantly under CEO Salil Parekh, as it boosted investments to drive growth. The company is, however, now looking at greater cost savings, since a major chunk of its investments has been completed.from Jobs-Economic Times https://ift.tt/2NpIJjI
CITU condemns mass retrenchment of IT employees
"All these IT multinational companies have been earning huge profits and there is no reason to retrench employees. The firing operations are being taken up on the pretexts of ‘growth plans', ‘restructuring', ‘role rationalisation' etc, which are nothing but measures to maximise their profits at the cost of employees," CITU said in a statement.from Jobs-Economic Times https://ift.tt/2WNqwj8
Tuesday, 5 November 2019
Computer science gets the highest job offer of Rs 1.45 crore per annum at Indraprastha Institute of IT
The campus average compensation is Rs 16.33 lakh and median is Rs 14.85 lakh among both the under graduate and PG programmes. Some of the top firms which recruited from the campus include, Google, Microsoft, Amazon, Goldman Sachs, Adobe, Qualcomm, Nvidia, Wadhwani AI, WDC, Tower Research, HSBC MathWorks, Harmon Kardon, RIL & Samsung.from Jobs-Economic Times https://ift.tt/2WNqojB
Monday, 4 November 2019
India Inc to see a 10% salary increase in 2020, Willis Towers Watson Survey finds
Of the surveyed companies, 28% have projected a positive business revenue outlook for the next 12 months, down from 37% in 2018, 61% of them expect no big change as compared to 57% last year, and 11% have a downward revenue projection compared to 5% in 2018, according to a Willis Towers Watson release that encapsulated the findings of the report.from Jobs-Economic Times https://ift.tt/2CfdhOG
Consulting companies keep the show going at B-school summers
At XLRI, there has been a 37% increase in summer internship offers from consulting firms compared to last year, with the institute receiving 56 offers from such firms. At IIM Calcutta, three new consulting firms visited for the first time, even as Axis Bank, Yes Bank and Bank of Baroda —which visited last year — did not come in this time.from Jobs-Economic Times https://ift.tt/2r50lIT
MSDE, IBM jointly launch SkillsBuild platform
As part of the programme, a two-year advanced diploma in IT, networking and cloud computing, co-created and designed by IBM, will be offered at the Industrial Training Institutes (ITIs) & National Skill Training Institutes (NSTIs). The platform will be extended to train ITI & NSTI faculty on building skills in Artificial Intelligence (AI).from Jobs-Economic Times https://ift.tt/2NH9Cyn
Sunday, 3 November 2019
Only digital tools can help bridge the gaps to access jobs: N Chandrasekaran, Chairman, Tata Sons
N Chandrasekaran says technologies such as cloud, artificial intelligence and machine learning will help fill the gap of India’s “missing middle”. These Bridgital workers will help create 30 million jobs by 2025 if the model is applied successfully. The power is shifting from the product creator or owner to the ecosystem.from Jobs-Economic Times https://ift.tt/2qgnqIg
ShareChat to hire 100-150 people; further strengthen presence in tier II cities
The company is now looking at also stepping out on its monetisation efforts. It has been running different pilots and is engaging with different brands to offer "experiences" to users rather than just building ad inventory, ShareChat Chief Business Officer Sunil Kamath said.from Jobs-Economic Times https://ift.tt/2NEQvoI
Friday, 1 November 2019
Slowdown has tier II, III B-schools on tenterhooks
While most companies are keeping a tighter rein on recruitment, many who are still in the market are preferring to hire from top, branded B-schools.from Jobs-Economic Times https://ift.tt/2N6ihLO
Coal India likely to offer 10,000 new jobs: Pralhad Joshi
"It is heartening to know that Coal India has planned for huge capital investments for its works and expansion programmes, along with bringing in new technologies in its operations. The company will also be on hiring personnel and I am hopeful that it will achieve all assigned goals on time," the minister said.from Jobs-Economic Times https://ift.tt/34jpbDe
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