Private sector must shoulder challenge of creating jobs
1 month, 2 weeks ago

Private sector must shoulder challenge of creating jobs

New Indian Express  

There is good news for an economy in which job growth has been crawling. Indian companies are likely to see a 7.1 percent expansion in their workforce during the half-year period between October 2024 and March 2025, according to data released by staffing firm TeamLease. The report, based on a survey of 1,300 companies, states that 59 percent of employers across 23 industries plan to increase their workforces in the coming months. For instance, data released by the Ministry of Statistics in September showed that job additions, based on the government’s social security schemes, had fallen. Employees’ Provident Fund data indicated that new subscribers dropped to 0.95 million from 0.98 million in August, the lowest figure for the current financial year.

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History of this topic

Good News For Job Seekers! Indian Start-Ups To Ramp Up Hiring By 20-30 Per Cent In 2025: Report
3 weeks, 6 days ago

Good News For Job Seekers! Indian Start-Ups To Ramp Up Hiring By 20-30 Per Cent In 2025: Report

ABP News  

Indian start-ups are gearing up to bring in fresh talent as the organisations see an improvement in funding. A report by Moneycontrol showed that staffing firms estimate a 20-30 per cent increase in recruitment among start-ups going into the next year. Data from layoffs.fyi showed that job cuts in the start-up space have significantly declined, decreasing by 46 per cent …

India’s Private Sector Hits 4-Month High in December: PMI Data
4 weeks, 1 day ago

India’s Private Sector Hits 4-Month High in December: PMI Data

Deccan Chronicle  

New Delhi: Showing the resilience in India's economy with solid momentum, the India's private sector growth hit four-month high at the fastest pace in December, helping the economy on a positive note at the end of the year, underpinned by sturdier demand in both services and manufacturing along with a record jobs growth, a private survey showed on Monday. As …

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs
5 months ago

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs

ABP News  

Recent data revealed that 32 companies in India have cut down jobs for at least 8,000 people in India till August in the year so far. Layoffs.fyi, a start-up that tracks layoffs across the tech industry globally, found that the highest number of layoffs in the country came from Paytm which announced a job cut for at least 3,500 employees …

India's top 5 IT firms continue headcount decline for 7th straight quarter
5 months, 2 weeks ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

India Generates 1.25 Crore Jobs Over 9 Years; Labour Minister Bhupinder Yadav Reacts
1 year, 6 months ago

India Generates 1.25 Crore Jobs Over 9 Years; Labour Minister Bhupinder Yadav Reacts

News 18  

During a recent press conference, Union Labor and Employment Minister Bhupinder Yadav showcased the significant expansion of employment opportunities in India over the last nine years. He revealed that an impressive 1.25 crore new jobs have been generated since 2014, citing data from institution-based labour surveys conducted by the ministry. The minister also highlighted the substantial increase in registered subscribers, …

Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first
1 year, 7 months ago

Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first

Firstpost  

Currently, the job market for the Indian IT industry is extremely competitive due to companies increasingly laying off employees as a cost-cutting measure. In light of this situation, an analysis conducted by recruitment firm TeamLease Digital has revealed that most Indian IT companies are planning to hire 40 per cent fewer freshers during the financial year 2023-2024. The report also …

April Disappoints: Online Hiring Slumps For White Collar Jobs
1 year, 8 months ago

April Disappoints: Online Hiring Slumps For White Collar Jobs

News 18  

Online hiring activities for white collar jobs declined in April compared to the year-ago period amid a challenging environment for businesses, according to a report. While there has been a 6 per cent decline in e-recruitment for white collar jobs in April, compared to the same month last year, the market for new and emerging job roles was up, according …

IT, startups may cut up to 20,000 jobs in next 6 months
1 year, 11 months ago

IT, startups may cut up to 20,000 jobs in next 6 months

Live Mint  

India’s IT and startup sectors may lay off 15,000 to 20,000 employees in the next six months, battling slowing demand after the hiring frenzy of the last two years inflated salary costs. Over the last year, companies faced the fear of missing out on talent hiring and recruited in large numbers and paid them many folds more than inflation and …

India Inc on recovery path; 53% companies to raise headcount in 2021: Report
3 years, 11 months ago

India Inc on recovery path; 53% companies to raise headcount in 2021: Report

India TV News  

Even as India's hiring activities declined last year due to the coronavirus pandemic, there is a sudden increase in demand with about 53 per cent of companies saying they are planning to increase their headcounts in 2021, according to a survey. The pandemic adversely impacted economies across Asia-Pacific, including India, which had entered 2020 with robust hiring activities, according to …

70% of Indian startups reeling under pandemic aftermath, reveals FICCI's nationwide survey
4 years, 6 months ago

70% of Indian startups reeling under pandemic aftermath, reveals FICCI's nationwide survey

India Today  

Startups in India are suffering dearly because of the novel coronavirus. Investors have put decisions on hold, said 33 per cent of startups while 10 per cent claimed that their respective funding deals with investors have been scrapped in light of the pandemic and the economic uncertainty it has triggered. The figures indicate that 22 per cent of the startups …

Only 13 per cent employers in India have hiring plans for next three months: Survey
5 years, 7 months ago

Only 13 per cent employers in India have hiring plans for next three months: Survey

India TV News  

With India's job market undergoing a transition, only 13 per cent of employers across the country indicate upbeat hiring plans for the next three months, while 61 per cent anticipate no change in their payrolls, a survey said Monday. According to the ManpowerGroup Employment Outlook Survey, while 13 per cent of employers expect to increase payrolls, none forecast a decrease, …

India generated 7.16 lakh jobs in December 2018, highest in the last 16 months: EPFO data
5 years, 10 months ago

India generated 7.16 lakh jobs in December 2018, highest in the last 16 months: EPFO data

Op India  

With the Indian job generation steadily escalating under the present government’s initiatives, the latest EPFO payroll data has revealed that India generated 7.16 lakh jobs in December 2018, reports Business Today. Data revealed that between the month of September 2017 to December 2018, 72.32 lakh new subscribers were added to Employees’ Provident Fund Organisation. The Employees Provident Fund Organisation manages …

8.27 lakh jobs created in October, 79.16 lakh in last 14 months: EPFO data
6 years ago

8.27 lakh jobs created in October, 79.16 lakh in last 14 months: EPFO data

Live Mint  

New Delhi: Employment generation in the formal sector nearly trebled to 8.27 lakh in October 2018 as compared to 2.81 lakh in the same month a year ago, while 79.16 lakh jobs added in 14 months since September 2017, according to EPFO payroll data released Thursday. Around 79.16 lakh new subscribers were added to social security schemes of the Employees’ …

The enormity of job challenge that India faces
6 years, 2 months ago

The enormity of job challenge that India faces

Live Mint  

While there is no clarity on the extent of jobs created in the economy since 2011-12, there is no disagreement that the economy has failed to create enough jobs. The unrest among farmers driven by declining incomes is also a manifestation of the problem of employment in a country with almost half of the total workforce working in agriculture. The …

Opinion | Jobs growth claims in India: a fact check
6 years, 4 months ago

Opinion | Jobs growth claims in India: a fact check

Live Mint  

Surjit Bhalla and Tirtha Das’ background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council website —a welcome initiative. It claims: “While there are no official employment surveys post 2015.there are several individual pieces of data suggesting a healthy growth in employment in …

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