On July 22, the Cabinet approved a Rs 6,322-crore PLI scheme to boost domestic output of high-grade speciality steel, which accounted for 60% of India’s imports of the metal last fiscal and brightens the prospects of the lo
HR consultants say hiring is in full force for every role--delivery executives, pickers, packers, loaders, drivers and of course customer service executives. Teamlease estimates the industry workforce at more than 40 million.
Pawan Goyal, chief business officer, Naukri.com said, “It is encouraging to see a much lesser impact of the second wave of the pandemic on the job economy versus last year. Hiring numbers remaining flat in May signals resil
April started off very well, in line with February and March. In May, we started to see slowdown across the country, which this time around was more pronounced than when we opened up post lockdown in June of last year.
Sivaram said there has been a 15% jump in the demand for management information specialists over the pre-pandemic period. Customers, he added, were also looking for CAD designers, those manning IT help desks, UI and UX develo
“Order inflow guidance at low- to mid-teens appears ambitious as FY21 had lumpy order wins—high speed rail contracts,” analysts at Nomura observed. The foreign brokerage estimated growth at 9% to Rs 1.9 lakh crore in FY
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 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
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
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
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.
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.
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.