Trends

Recruitment Trends - Aug 2016 Edition

Posted by:   Reema Fernandes Date:Aug 02, 2016

Market News, Trends & Predictions

India shining, but lure of overseas jobs still hard to resist
This may offer a contrarian view to a compelling 'India Shining' narrative. A substantially higher number of Indian employees, if given an opportunity, will take the next flight to NYC than land a posting in NCR. And the lure of an overseas job has grown over the last five years despite the global slowdown and India growing in stature as an emerging market.
Source: Economic Times; 22 Jul, 2016

Automation, digitisation to affect careers,impact job security
Rapid technological advancements like automation and digital technologies are set to affect careers of professionals in the coming years and will have a significant impact on job security, Simplilearn’s State of India Technology Skills Report said.
Source: Financial Express; 24 Jul, 2016

Growth Of Job Generation Decelerated In 2015, Says Nirmala Sitharaman
Growth of job creation decelerated significantly in 2015 as some key sectors such as automobiles and gems and jewellery saw layoff of workers, Parliament was informed on Monday. The total employment generation in 2015 stood at 1.35 lakh compared with 4.21 lakh in 2014, Commerce and Industry Minister Nirmala Sitharaman said.
Source: The Financial Express; 24 Jul, 2016



Employee News

Salaries to go up 10.7%, star performers to gain well: Study
Salaries are likely to jump by an average 10.7 percent in July-December, with e-commerce and life science sectors expected to hand out bigger pay packets, says a study. The projected salary hike for 2016 is nearly the same as last year's though the hiring figure so far this year has dipped in comparison with 2015.
Source: Money Control; 24 Jul, 2016

Total Rewards: A must for progressive organisations
Total Rewards programs are changing business dynamics in India Inc. The latest TJinsite study by TimesJobs indicates that nearly 43% of the surveyed organisations already have a well-built Total Rewards strategy and 23% have it in the planning stage.
Source: Economic Times; 26 Jul, 2016



Leadership Movements in HR & Talent Acquisition

Myntra gets Manpreet Ratia as Chief People Officer from Amazon
Myntra, a leading online fashion & lifestyle retailer, recently appointed Manpreet Ratia as its chief people officer and head of new initiatives. In his new role, Ratia will drive key HR functions, focussing on talent acquisition and retention for various levels and verticals. He will also drive new business initiatives, to help strengthen and grow the company’s leadership position in the online fashion industry.
Source: HR Katha; 11 Jul, 2016

Microland Names Ram Kumar As Chief People Officer
Microland, a Hybrid IT Infrastructure Service Provider, has named Ram Kumar as Chief People Officer. Ram Kumar comes with over 30 years of experience as a Human Resources practitioner, leading various organizations through expansions, transformations and playing an instrumental role in building a robust HR function.
Source: CXO Today; 13 Jul, 2016

Awards & Recognition

Google, American Express are top workplaces in India: ET Survey
A company doesn't need to be a wildly successful, global technology innovator to be a great place to work in, but it helps. Google India, known for pampering its people with spas and massage chairs, has emerged top dog in the India's Best Companies to Work For study this year, up from second position in 2015.
Source: Economic Times; 4 Jul, 2016

NASSCOM ranks TCS as the top IT industry employer
Tata Consultancy Services (TCS), the global software giant has been ranked as the top IT employer in the country, followed by Infosys, Cognizant and Wipro in the 2015–16 IT-BPM Employers Ranking released by the industry's representative body, NASSCOM.
Source: HR Katha; 28 Jul, 2016



Recruitment Industry

Hiring heats up for CXOs: TimesJobs RecruiteX
Talent demand was upbeat across all the experienced categories of professionals, witnessing growth rates ranging from 7-15%, with the biggest demand growth seen for highly experienced professionals, reports the latest RecruiteX - the recruitment index by TimesJobs.com.
Source: Economic Times; 11 Jul, 2016

India online recruitment activity eases in June
According to the latest Monster Employment Index (MEI), the online recruitment activities saw a 17 per cent year-on-year growth last month, lower than the past few months. The index had registered a 27 per cent rise in May.
Source: Financial Express; 18 Jul, 2016

Quikr acquires Hiree to boost job listings business
Online classifieds company Quikr India Pvt. Ltd has acquired Bengaluru-based online recruitment platform Hiree (Abhiman Technologies Pvt. Ltd) for an undisclosed amount in an attempt to bolster its job listings business, QuikrJobs.
Source: Live Mint; 1 Aug, 2016



Campus Buzz

Engineering campus hiring may fall first time since 2009: Nasscom
For the first time since 2009, campus recruitment of grads could fall across engineering colleges as companies resort to automation of entry-level coding jobs and look at optimizing their bench strength.
Source: Times of India; 22 Jul, 2016

Infosys to hire fewer engineers from campuses after slowdown in demand for IT services
India's second largest software exporter Infosys is likely to recruit fewer engineers from campuses this year in line with the strategy expected to be followed by other information technology companies as well amid automation and slowdown in demand for generic IT services.
Source: Economic Times; 23 Jul, 2016

Humour in Recruitment

JobMantras.com - New Blog Posts

1. What are your Salary Expectations?

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2. When is the right time to become an Entrepreneur?

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Results of JobMantras.com Jul Poll


 

JobMantras.com Aug Poll

Recruitment Firms do add value in shaping a candidate's career:

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Click here to participate in the poll.

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