Deloitte India’s Anandorup Ghose decodes latest India hiring trends with special focus on MSMEs’ travails

“The problem is more with the MSME segment which employees 12 to 14 crore people in the country, and where one can already see businesses shutting down. When that kind of stuff happens, it creates challenges in terms of work coming back.”…

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Labour Bureau to release first report of quarterly employment survey in July

Undeterred by the raging COVID-19 wave in the country, the Labour Bureau has set a deadline of July this year to release the first report of the Quarterly Employment Survey (QES). …

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Fresh lockdowns push India jobless rate to over 8% in first two weeks of April: CMIE

As of March 2021, employment in India stood at 398 million, which is 5.4 million short of the 403.5 million employed in 2019-20 with the biggest loss among the salaried employees. CMIE estimates 9.8 million job losses in the salaried class with 76.2 million jobs as of March 2021 compared to 85.9 million salaried jobs in 2019-20….

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Hiring to grow by 7% in April-June if further lockdowns not imposed: Report

“Indian economy has been regaining the lost ground and the same was reflecting in hiring as well. Be it the IMF, OECD or Fitch, all have been positive and this was bolstering the business sentiment and the intent to hire. However, if we resort to lockdowns it will derail and further delay the recovery….

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70% employers resume hiring for blue collar jobs: Survey

About 60 per cent of employers stated that they have faced no challenges in availability of talent, despite the fact that a large number of gig workers had preferred to return to their native place at the height of the pandemic, the survey said….

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CEOs and CXOs in India to get 6% pay hike in 2021: Aon survey

Excluding long-term incentives (LTI), the median CEO compensation in India ranges from Rs 15 crores for owner-promoter CEOs to Rs 3.63 crores at the Indian private companies. …

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9 in 10 companies in India are looking to fill open roles internally: LinkedIn Future of Talent Report2021

The report, that looked at the evolving role of HR in India, and how talent is hired, engaged with, and developed in the new business environment, found that upskilling will be core to the talent strategy, and trends such as internal mobility, data-led hiring decisions, and improving employee experience will be in focus for employers in 2021….

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Moderate recovery across cities and sectors in Jan-March quarter; but slight dip in March compared to February: Monster employment Index

Cities such as Bangalore and Pune have witnessed a positive month-on-month uptrend of 2% and 1% in March 2021. The same cities have also observed a yearly uptrend, with recruitment activities in Bangalore (14%), Hyderabad (6%), and Pune (2%) growing in March 2021 year-on-year compared to March 2020….

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College placements beat Covid blues, Cos continue to hire large number of undergrads

According to placement officials and students at these colleges, the Covid-19 pandemic has hardly had any impact on the placements this year. Consulting, financial and fast-moving consumer goods (FMCG) companies are hiring in large numbers this year from undergrad colleges to on-board fresh campus talent with out of the box and analytic thinking….

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College placements beat Covid blues, companies continue to hire large number of undergrads

According to placement officials and students at these colleges, the Covid-19 pandemic has hardly had any impact on the placements this year. Consulting, financial and fast-moving consumer goods (FMCG) companies are hiring in large numbers this year from undergrad colleges to on-board fresh campus talent with out of the box and analytic thinking….

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India Inc’s hiring intent unshaken despite second wave

As per the latest Teamlease Employment Outlook Survey, which covered more than 700 small, medium and large companies across 21 sectors, 34% of the companies showed hiring intent for the April-June quarter, the highest in the past twelve months….

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India sees job losses as curbs return to check new virus wave

​Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed the data by Centre for Monitoring Indian Economy Pvt. Ltd. The hit is more severe in urban areas where it’s nearing 10% as local media shows images of workers fleeing cities fearing harsher curbs like last year….

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Covid impact: Temps’ wages surge 30% on labour shortage

Currently, orders are also good and the workforce has gone up by over 20%, as compared to pre-Covid days at 70-80 workers….

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Covid gives learning on job new meaning

Jamia Millia Islamia’s placement cell confirmed that placement opportunities coming the way of their students were mostly for remote internships. “Firms are hiring students only for work for home,” said Rehan Suri of the university’s placement cell. “There are very few companies that want a physical presence of interns.”…

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Job seekers turn down relocation offers

The second Covid wave is leading some job seekers to develop cold feet to join companies that want them to move to a different location, i.e. away from home. Many candidates are in fact turning down job offers at the very last minute….

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76,000 students applied to internships every day in past year: Survey

The report, which focuses on the increasing awareness of internships amongst Indian students, finds that in 2020 – when the whole nation was facing the challenges posed by the pandemic – there was a 35% rise in the number of students seeking internships….

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IT, retail register double-digit sequential growth in hiring in March: Naukri JobSpeak

Key sectors such as oil and gas (+7%), accounting/taxation/finance (+6%) and telecom/ISP (+5%) showed an uptick in hiring in March versus February. On the other hand, sectors such as BPO/ITES (1%) and BFSI (1%) witnessed a flat sequential trend. …

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Back-to-office plans swept away by second Covid-19 wave

While some companies have switched back to work from home, others have cut number of staff in offices to as low as 10% per department. Several large corporates such as ITC, Samsung, LG, Tata Motors, Mahindra & Mahindra, Parle Products, RPG Group, Dabur, Haier, Vivo, Panasonic and Axis Bank have issued new guidance to employees to keep them safe from the second wave….

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Surge in opportunities for tech jobs pre and post-pandemic: Report

The Indeed report is based on data on the site’s platform between January 2020 and February 2021, analysing the impact of COVID-19 on India’s job market….

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India should have done more to protect jobs: McKinsey official

It can be noted that unemployment had touched record highs during the pandemic across the organised and unorganised sectors. Analysts are expecting a surge in bad loans from the otherwise resilient retail segment for the banking sectors because of such reverses….

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India Inc brimming with opportunities for tech jobs: Indeed

The continued reliance on tech solutions across organisations and extension of work from home structure, businesses ramping up their technological infrastructures to scale up businesses and ensure smooth operations resulted in soaring number of postings for tech jobs….

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Consulting firms unaffected by Covid, on a hiring spree

Even as a rising second Covid-19 wave sweeping across the country has prompted several companies to go slow on their hiring plans, companies like McKinsey, BCG, PwC, KPMG, Grant Thornton, and EY said they are hiring significantly across levels and functions….

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Demand for cloud-based workforce at an all-time high

Despite a dip in overall hiring, demand for cloud technology talent is at an all-time high, a trend accelerated due to the pandemic. The ongoing second wave of Covid-19 cases is only amplifying this demand, pushing salaries by as much as 100%….

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IT sector witnessing highest discrepancy at 16.60% in employee background verification: AuthBridge

Candidates between the age of 35 to 39 years have the highest discrepancy rate at 9.09 per cent, indicating bigger incentives for candidates in this age-bracket to fudge their credentials for better job opportunities, the AuthBridge report added….

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More women go big on gig during Covid pandemic, better jobs now available

The sea change in work models has opened a plethora of options for women looking for gig opportunities. Before the pandemic, most flexible jobs were lower-end ones such as data entry, telesales and content writing. Now, most individual contributor roles like UI/UX (user interface/user experience) designers, software developers, testers and accountants….

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