India Inc optimistic about hiring in 2018: TimesJobs' RecruiteX
January 12, 2018, New Delhi: With the New Year cheer and celebrations all around, India's job market too is hopeful for an upswing in 2018 as the quarter ending December 2017 recorded an average 1% rise in talent demand. Compared to last year (between Oct-Dec 2016 the hiring outlook saw negative momentum) this is a certain hint that the overall market is headed for better times, and hiring activities will pick up pace gradually in the new year. RecruiteX - a hiring trend report by recruitment portal TimesJobs - noted that although overall job market saw a drop of 3% in December 2017, the Oct-Dec 2017 period posted a 1% rise in talent demand. Among key functional areas, a rise of nearly 6% was seen in demand for medical professionals, during December 2017. Industry-wise analysis: Accounting and tax sector registered 19% rise The accounting and tax sector in India registered 19% rise in hiring in December 2017, followed by 12% rise in talent demand from legal and law sector. Recruitment sector saw a 4% rise in talent demand. "Hiring was a little low in December 2017 as most HR and recruitment managers were busy drafting fresh strategies for 2018. Overall, the last three months (Oct-Dec 2017) saw positive hiring momentum, across most key industries and functional areas. We can expect an aggressive talent demand in 2018 when organisations start working on fresh strategies, which involves new projects, reconsolidation, etc. Our economy is growing at a reasonable pace and news reports suggest that in the coming years around 600 million people will be deployed in new job roles that do not exist today. Exponential technologies in advanced markets are expected to improve productivity in the next five years", said Ramathreya Krishnamurthi, Business Head, TimesJobs & TechGig. Functional area analysis: Doctors and medical professionals in demand Doctors and medical professionals saw highest rise of 6% demand in December 2017, followed by human resource professionals which witnessed a 5% rise in talent demand. Business management, consultants, freelancers witnessed 5% rise in demand on month-on-month analysis. Location-wise analysis: Lucknow records the highest demand Among key locations, Lucknow recorded the highest rise in talent demand of 13% as per the latest RecruiteX report. Chandigarh and Ahmedabad saw a hike of 11% and 5% respectively in the talent demand. Among states, RecruiteX recorded a growth of 17% in Uttar Pradesh, followed by Gujarat being 15%. Experience-wise analysis: Professionals with over 20 years of experience in demand Hiring for professionals with over 20 years of experience witnessed the highest rise in demand during December 2017. Candidates with over 20 years of experience reported 8% rise in demand. Professionals with 2-5 years and 5-10 years of experience posted 4% drop in demand. Key highlights of the report are: Top hiring sectors Accounting & tax Legal & law Recruitment Top hiring locations Lucknow Chandigarh Ahmedabad Top hiring profiles Doctors, nurses & medical professional Human resources Business management, consultants, freelancers Complete report is available here - http://bit.ly/2Dr5M7n
Jan 12, 2018 - TimesJobs
Despite layoffs, 60% IT workers get jobs within 6 months:TechGig Study
Massive job cuts in the IT sector have made for troubling news since a long time. A heartening note is that most of the IT workers, who face the axe, get a job soon enough! TechGig's exclusive survey reveals this fact, and many more related to the fate of laid off IT employees. Read on… December 13, 2017, New Delhi: Layoffs are a harsh reality of an inter-connected world, volatile economic situations and business scenarios have an equal and daunting impact on all the stakeholders. An apt example being the last US election, where even before a clear winner was announced, many companies put off their hiring plans, or increased hiring in a particular locale. This is a grim reality, but the overall picture isn't as dull. An exclusive survey by IT hiring platform TechGig reveals that over 60% of laid off IT workers get jobs within next 6 months! This is certainly a reason to cheer because IT, which is considered to be the country's largest employer giving as many as 40 lakh jobs directly, has witnessed massive downsizing recently. TechGig's exclusive survey recorded inputs of over of more than 2 lakh IT professionals from the top metro cities across India. Here, about 68% respondents claimed to personally know people who were asked to leave their respective organisations. "IT and ITeS segments are one of the biggest employers in India. Hence what happens there in terms of employability or business will impact a large base, directly or indirectly. Volatile business scenarios did push IT sector under a brink for some time, but its heart-warming to note that the laid off IT workers can find employment soon enough. That is an encouraging note for the IT professionals and hiring industry," said Ramathreya Krishnamurthi, Business Head, TimesJobs and TechGig. The survey report also uncovers some interesting facts pertaining to IT layoffs. When it comes to layoffs, there is a perception that employees who draw large salaries are more prone to be shunted out. These are generally senior-level professionals. It is believed that the junior-level and mid-level professionals are more inclined towards learning new skills and therefore keep themselves updated. The survey also revealed that 54% who were asked to leave were people with more than five years of experience, while just 1% of them said that freshers with less than one year of experience were asked to leave their jobs. Dipti Tandon, Vice President, Strategy at Times Internet Limited & Head of Product and Technology at TechGig shared another interesting takeaway from the report. "Many people believe that the adoption of Artificial Intelligence (AI) and automation is the chief root cause of layoffs. Our survey, reveals that a whopping 33% respondents feel that cost-cutting is the major reason for downsizing. Generally, when companies are not sure about their overseas businesses, they start cost cutting at their end. Around 50 % of the respondents considered all the three factors - the rise of automation and AI, a freeze on hiring Indians abroad and cost-cutting - for job losses." This complete report is available at TECHGIG IT LAYOFF SURVEY The future of IT is not as grim as it is made out to be. Commenting on the demand for IT professionals in the industry, SJ Raj, Senior Vice President, Human Resources Operations, Newgen Software said, "The demand for IT professionals, specifically the software engineers, will increase exponentially over the next decade". One crucial pointer here is that technology is changing with in the blink of an eye and hence professionals, must brace themselves accordingly. Altaf Halde, Global Business Head, NII Consulting, and former Managing Director, Kaspersky Lab South Asia says, "Many times, IT professionals do a course or certification and later realise that it is no longer topical. This becomes the biggest challenge for them. Also, with so many products coming in, the technical skills set has to be updated on a regular basis." The survey facts and industry experts' pointers leads to this conclusion - 'IT and related industries will keep facing some challenges or the other, but professionals must keep learning and re-learning new skills to remain employable in the coming times'.
Dec 14, 2017 - TechGig
Most Indian employees want to work in these companies
The JobBuzz Workplace Index for December 2017 identifies consumer durables as the best sector to work for in India. This sector has been rated as best sector for three consecutive months in a row at the JobBuzz index. December 11, 2017: Over the past few months, the consumer durables sector has grabbed headlines with growing awareness, easier access, and changing lifestyles driving the growth of the sector. The consumer durables sector is stated as one of the key employment generators in India. It is said that for one direct job in the industry, three more indirect jobs are created alongside simultaneously. With such huge workforce base, it is not easy to keep everyone happy. However, the consumer durables sector has been able to achieved this feat by being ranked as the best sector to work in India by majority of employees, continuously for the past three months. The JobBuzz Workplace Index for December 2017 also identifies consumer durables as the best pay master. This month, automobiles sector ranked second on the workplace index. The consumer durables and FMCG sector were highly rated for their workplace culture. Automobiles and infrastructure sector were rated at par for the career growth opportunities they offer. IT sector was applauded for its 'workplace culture' but ranked last basis its overall index value, in Nov-Dec 2017. "Rising disposable incomes, changes in customer preferences is creating business opportunities thus pushing the talent demand in the consumer durables sector. With large number of people of joining the sector every month, the consumer durables sector, to its credit, has been able to match-up to the expectations of its workforce. It is indeed a benchmark for other sectors to take clue and create policies to build a happy and engaged workforce," said Sanjay Goyal, Head of Product, Technology & Marketing, TimesJobs & JobBuzz. DOWNLOAD THE DECEMBER 2017 EDITION OF JOBBUZZ WORKPLACE INDEX HERE (https://jobbuzz.timesjobs.com/images/pdf/workplaceindexdec2017.pdf) About JobBuzz Workplace Index: The JobBuzz Workplace Index is a compilation of employee ratings from across a selection of companies varying in size, geography and industry on various critical workplace parameters. The index value has been kept at 100. The percentages are an indicator of ratings being provided by the employees on JobBuzz for their respective companies. These percentages are an indicator of happiness quotient of employees. About JobBuzz: JobBuzz is an information exchange platform for candidates and employers in form of reviews, ratings and company insights. JB is an open platform where they interact to influence each other.
Dec 11, 2017 - TimesJobs
HELLO! Jazz Brunch at Rustomjee Seasons, BKC Annexe
Mumbai, December 3, 2017: HELLO! India's leading celebrity and luxury lifestyle brand in association with Rustomjee Seasons, BKC Annexe hosted a special brunch unlike any other on Sunday, December 3. The two provided an extraordinary experience to the guests with beautiful amalgamation of music and food by Ryan Sadri and Chef Farrokh Khambata, respectively. The 33 year-old saxophonist Ryan Sadri, known for his exceptional collaborations across genres, played mesmerizing Jazz music that left the audience enthralled. Soon, celebrated Chef Farrokh Khambata took over and filled the room with delicious aroma of his secret Thai recipe. What made this moment even more special was the fact that this recipe was prepared for the first time in front of a live audience and let them in into his world of recipes. Adding the wow factor of the event was Infinity Cars who displayed the all-new BMW 5 series. Speaking about this unique combination of music and food, Ruchika Mehta - Editor, HELLO! said, "HELLO! has been associated with sophistication and panache since its inception hence we as a brand saw great value in curating this special Jazz Brunch in association with Rustomjee . We are delighted to have the best in culinary and music industry on-board with us. With jazz musician Ryan Sadri and Chef Farrokh Khambata working their magic, we are sure that it will be a memorable afternoon." Commenting on the brunch and their association with HELLO!, Shekhar Lele - GM - Marketing, Rustomjee said, "At Rustomjee, everything we do is designed to create experiences for our customers and bring them back to everything they are passionate about. And as a part of this philosophy, we are associating with HELLO! and personalities like Chef Farrokh Khambata and Ryan Sadri to create unique experiences of luxury, culinary and music. This association strongly reflects the philosophy of My Spaces." Guests such as Parvez Damania, Dilshad Khambata, Luke Kenny, Nisha Jamwal, Priyanka & Ashish Thakur, Priya Nathani, Riyhad Kundanmal, Rahul Jagtiani and Abha Bakaya to name a few were spotted at the brunch. About HELLO! HELLO! is the world's most iconic brand for high life. The world's largest celebrity magazine is the preferred choice for exclusive celebrity news for over eight million avid readers across the globe. In India it offers its readers an exclusive insight into the most elusive and sought out celebrities. We bring home the latest and hottest celebrity news and the lifestyles of the rich and famous, embracing their glamour and grandeur. Keeping the profile of the magazine in mind, only the creme de la creme of society- Royalty, entertainment stars, industrialists, sports stars, eminent NRIs and other social trendsetters are featured. About Worldwide Media: Worldwide Media is a part of the Times Group, one of India's largest media and entertainment conglomerates, and publishes Filmfare - India's No 1 entertainment magazine. Femina - India's largest women's magazine, BBC TopGear, HELLO!, BBC GoodHomes, GRAZIA, Lonely Planet Magazine India, Home Trends and BBC Knowledge are other exciting titles from Worldwide Media. About Rustomjee: Rustomjee has carved a niche for itself in the ever-growing real estate sector, with a portfolio that includes 14.32 million square feet of completed projects; 12 million square feet of ongoing development and another 28 million square feet of planned development in the pipeline, spanning across the best locations of Mumbai Metropolitan Region (MMR). Their portfolio currently includes two very large townships, residential spaces, office complexes, retail developments, spaces for healthcare and education spread across BKC Annex, Khar, Off Juhu Circle, Kandivali, Borivali, Virar and Thane. Rustomjee lays emphasis on adding value to the lives of their homeowners through their core business, their CSR initiatives and philanthropy. They have strived to ensure that every blueprint includes childfriendly spaces for parks, playgrounds, and learning rooms and thereby encouraging families to spend quality time with each other.
Dec 8, 2017 - Hello!
The Economic Times ABLC '17 carves a path for an ascendant Asia
Kuala Lumpur, 4 December 2017: Building on the successful launch of its inaugural edition, The Economic Times Asian Business Leaders Conclave 2017 (ABLC) returned to deliberate on developments in the Asian economy since last year. It acted as a melting pot for thought leaders, governments and business leaders to further the cause of greater economic integration between emerging and leading countries in the region. The 2 day landmark event was held at Majestic Hotel Kuala Lumpur in Kuala Lumpur, Malaysia. The 2nd edition saw the conclave graced by the presence of YAB Dato' Sri Mohd. Najib Bin Tun Haji Abdul Razak, Prime Minister of Malaysia, joined by Guest of Honour, Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry, Malaysia. The event bore witness to greater involvement of regional governments and focused on the steps Asia as a unit must take to achieve development goals and move towards not just complete economic independence, but also greater eminence in the new world order. It also acted as a focal point for discussions between ASEAN, India and the Middle East. Talking about how young leaders are pivotal to the success of Asia, Yang Berhormat Dato' Sri Mohd. Najib Bin Tun Haji Abdul Razak, Prime Minister of Malaysia, said, "We launched the inaugural event last year here in Kuala Lumpur, and I am delighted it is now becoming an annual event to be hosted by Malaysia. I am all the more pleased that we have with us here today government and business leaders from across Asia. The event has become a platform for connectivity beyond India and Malaysia to also cover ASEAN and South Asia, and I hope that it will continue to expand in the future." Expressing his views on the conclave, Mr. Deepak Lamba, President -Times Strategic Solutions, said, "As Asia continues to develop and innovate abundantly, it has gained more influence on a global scale. This rapid growth also offers numerous business opportunities which need to be tapped strategically. The 2nd edition of the Asian Business Leaders Conclave, to be held under the patronage of the Honorable Malaysian Prime Minister and other dignitaries, will see authorities and thought leaders converge to frame reforms and strategic ties that will help assert Asia's position as the torchbearer of the global economy." Quotes by other influential speakers: "Digital Disruption seems a negative word to me. What we should be saying is digital acceleration. This is the generation where the internet and the web is the force for good. Where the workforce of the future is going? There is an entire generation of our workforce that are in two states, they are either online or streaming. Their expectations and how they grow and access to information and knowledge is vastly different from when I first began work years ago. The workforce of today's generation that is better prepared, with higher expectations and being ambitious. The web allows you try and fail fast. Now more than any other time in the history of the world this is the time to be a millennial." - Sajith Sivanandan, Managing Director- Malaysia, Vietnam, Philippines and & New Emerging Markets, Google "Technological disruption in electric vehicles is not disruption, the disruption has not come to Asia just yet but we will see a lot of new car brands being born in the next few years, both within Asian and around the world. But what we will see moving forward, is a lot of new technology related to electric and hybrid vehicles, and many of these will come out of Asia. And if Asia wants to compete in this field, there are a lot of innovations and developments that need to be made and in a fairly short amount of time." - Larissa Tan, CEO, Vanda Electrics on the long-term vision of the battery business The conclave hosted entrepreneurs, business owners, policy makers and senior government authorities from all across Asia. Other highlights were the dedicated zone for startups where entrepreneurs showcased their services/products and also the industry focused parallel sessions. ABLC also proved to be a great platform for cultural exchanges that helped understand the common aspirations of Asians across borders. About ET Edge Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through exhibitions, strategic conferences and summits. Encompassing the Indian business vista, ET Edge strives to bring together visionaries and key leaders on its knowledge platforms to create social and business ecology conducive to the positive changes required by the industry. The main aim of this initiative is to channel global business intelligence through expos, summits and conferences in overarching lectures, hands-on workshops, panels, roundtables, face to face meetings and case studies.
Dec 5, 2017 - ET Edge
Recommended Brand Stories