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Shubhra Tandon

Articles By Shubhra Tandon

395 Articles

‘2021 has made it clear future of work is hybrid’

There is a huge bump in hiring of cyber security people as many companies adopt work from home (WFH).

Sashi Kumar, Indeed India MD

Coronavirus woes: Hiring momentum slows in April

While hiring activity across experience bands saw an average decline of 13% in April with the 0-3 years’ experience band being the most hit witnessing a decline of 19%, fall in hiring for 13 plus years’ experience was muc

The fall in job opportunities is steep at 31% and shows signs of a panic response. “This seems to have dwarfed the 18% drop witnessed in the same period last year ,” Karanth said.

Hindustan Unilever Q4 profit jumps 42% to Rs 2,143 cr, volumes grow 16%

The company’s profits jumped 41% year-on-year during the quarter to Rs 2,143 crore, ahead of Bloomberg consensus estimates of Rs 1,968 crore. Revenues rose a sharp 34% y-o-y to Rs 11,947 crore again beating estimates of Rs

Srinivas Phatak, chief financial officer, HUL, said the demand outlook was hard to predict given “we are in midst of an unprecedented environment” with the Covid surge.

Maruti Suzuki Q4 profit declines 9.7%

However, he said it would be difficult to predict how the rest of the quarter would play out. “Nobody knows what will happen and what conditions or restrictions might be imposed. I would not like to make a forecast for the

The increase comes on a lower base, as there was a significant decline in the sales volume largely owing to Covid-19 lockdown in Q4FY20.

Digital Transformation: New-age tech skills see rise in demand

Ravish Agrawal, co-founder and CEO, Able Jobs, observed that while engineers are being hired to build the infrastructure, sales and support roles are also important given there are several first-time users of the platform who

Jobs 2021: More temporary staff in demand, fewer permanent jobs on offer

According to Alok Kumar, senior director, Manpower, such senior professionals are taken on as consultants for specific projects for a specific period.

Covid-19 has forced companies to re-invent themselves to come up with new business models and that is pushing companies to experiment with temporary staffing.

Hiring momentum continues to grow touching 2.9-lakh mark in March

The second wave of the Covid-19 pandemic failed to cast a shadow on the hiring momentum in March as the count of active jobs, refreshed and accepting applicants reached the 2.9-lakh mark, against 2.6 lakh in February 2021.

hiring

Job Market: Freelance profiles find more takers

Numbers support the trend too. Jobs portal platform Indeed, analysed the freelance job market in India between January 2019 and 2021 revealing that there is a 22% jump in hiring in January 2021 compared to January 2019.

According to HR consultants, freelancing existed as an option in a nascent form in the country, but the pandemic has advanced its growth, as even companies are now more willing to add it as a part of their workforce strategy.

Mahindra Holidays sees growth in domestic leisure tourism, plans Rs 1,200-cr infra boost

Singh said the company would be following a healthy-mix of owned and asset-light strategy, whereby 55-60% of rooms will be owned by the company and the remaining 40%-odd will be on long leases.

Destinations within driving distance are seeing more traction of tourists, however, Goa is an exception, he said.

Rewards 2021: More companies would be willing to roll out increments; better pay hikes for top achievers

Despite better increments, for the majority of companies, the increase in the wage bill would be equal or less than the budget for salary hikes; this suggests they’re taking a hard look at their team strength.

However, what could set 2021 apart is that only star performers and target achievers would be rewarded and not all employees. “This year will see an acceleration of the existing trend of sharper differentiation and more incentive-based awards than fixed cost increases,” Ghose told FE.

Reviving capex: ‘We will have to bank on govt-led projects’

As we have said in the past, we will aggressively pursue our strategy of focusing on our core segments and exiting from businesses that are non-core for us.

It is true that the capital goods industry as an asset class has underperformed over the last few years vis-a-vis the market indices, with such companies being assigned lower PE multiples.

Pandemic experience has made us more resilient and accelerate future readiness: Tata Steel’s Chatterjee

Once it's complete, we would have simplified the India business into four clusters (long products, downstream, mining and utilities & infrastructure) to drive scale, synergies and simplification.

We are not actively looking at any acquisition right now, though we are always open to growth opportunities that fit our strategy, financial framework and long-term goals.

Hiring momentum continues to remain on track in Feb

According to Xpheno, a Bengaluru-based specialist staffing firm, the count of active jobs, refreshed and accepting applicants in February 2021 marginally shrunk by 2% to reach 2,60,000, as against 2,65,000 in January 2021. Th

Also, with large enterprises encouraging and preparing for vaccination programmes, the next phase of enterprise-level unlocking has begun.

More jobs for blue collar workers in retail, e-commerce

Indeed, many more employers are in the market today, about 1,107 compared with 774 in the last six months.

Over 1.1 lakh courier delivery executives have been hired since January, more than 32 time the numbers seen in the three months ended December 2020. Similarly, nearly 17,300 home delivery boys have been hired, an increase of 24 times.

After a bit of a dip in December, jobs market gathers pace again

Part-time openings in January have been the highest for FY21 so far, albeit on a small base. In addition, the number of openings for full-time remote jobs moved up to 7,000 in January, up 40% over December, 2020.

Findings from TeamLease EdTech showed 15% of all employers across India intend to hire freshers between February and April.

Union Budget 2021: Investments in REITs, InvITs made attractive; capital raising easier

Union Budget 2021 India: The trusts can now raise debt capital at competitive rates, while dividend payment to REITs and InVITs have been exempt from tax deducted at source (TDS).

Budget 2021-22, Union Budget 2021

Demand for top-level talent shows uptick

“The job churn also allowed companies to hire relatively experienced talent at affordable costs especially in non-IT roles, lowering the demand for entry level roles,” he explained.

Data sourced from jobs portal monster.com shows the demand for senior level professionals barely dipped 5%.

‘Next year will be far better; we will pick up demand lost last year’: JSW Steel joint MD and group CFO

I do not see steel prices going up, but there may not be a big correction downwards. The reasons for that are few. The supplies are expected to go up from countries like Japan, Korea, Russia, which was not the case in 2020. S

‘Telcos expected to see growth for 2nd quarter in a row’

Wireless service providers’ revenue is set to improve in Q3FY21 on continued subscriber addition, analysts at Axis Capital observed. “Arpu to improve driven by upscaling (migration to 4G from 2G). Margin to improve from r

A total 2,251 MHz of spectrum worth Rs 3.92 lakh crore at reserve price in the 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands is being put up for sale.

Godrej Fund Management mulls launching REIT or core fund

The fund will be focusing on investments in office projects in Mumbai, NCR, Bengaluru and Pune. This is the third India focused office venture and fifth overall, sponsored by GFM.

Bolaraia said the fund raising environment is not easy, and is an uphill task, even though GFM has been able to raise the first round of the fund and is seeing good interest for the next $250 million as well.

Hiring Slows: Fewer full-time job offers in December

Meanwhile, the trend of fewer opportunities being generated in the top five metro locations persisted with their contribution to the total active job counts at a low 28%, down from the earlier highs of 51% in September.

Overall, after staying nearly constant in October and November, the active jobs count dipped in December 2020. (Representative image)

‘Growth momentum likely to sustain since the deal pipeline is healthy’: V Ramakrishnan, CFO, TCS

Adoption of cloud to reimagine processes within the company and drive efficiencies is also on the rise, so the margins should remain resilient.

V Ramakrishnan, CFO, TCS

WFH to spur tech hiring this year

In terms of salaries too, it is expected to be a good year for people with these skills. The current salary ranges in the Rs 20 lakh per annum bracket for a talented person with 5-7 years of experience.

Mishra said that his company is busy collecting data of people with all these skills. “We are building database of these candidates and keeping them ready,” he said.

Cheque it out: Hiring to pick up in 2021

Right now it’s India’s domestic companies that are adding to their teams and they are expected to continue to do so in 2021.

Hiring momentum stabilising with overall job openings, November data shows

The recovery in hiring activity is becoming broad-based with the job market in the non-tech sectors also looking up, LinkedIn said in a recent survey.

The count of jobs that were active, refreshed and accepting applicants in November 2020 marginally dropped to 2,70,000 mark, as against 2,75,000 in October, data compiled by Bengaluru-based specialist staffing firm Xpheno, shows.

Blue collar workers back in demand: Hiring rise majorly in sales, delivery, cab hailing services

These employees are responsible for various activities from greeting customers, offering assistance and suggestions, lending opinions and providing product information.

November saw a 35% jump in number of retail sales associates hired, over October, thanks to many more stores remaining open due to the festive season demand.

Some support from UK govt required to make business self-sustaining: Narendran

TV Narendran, CEO and MD, Tata Steel, tells Shubhra Tandon that the company has communicated to the UK government of reaching a solution sooner than later, however, no time lines can be fixed as yet.

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