The count of people being without a job is on the rise in India as economic slowdown and slower business expansion activities cast a shadow on employment generation, say experts.
With a bullish outlook on the Indian IT story and its own hiring plans, Mahindra group's technology venture Tech Mahindra says its headcount will cross the 1-lakh level in about a year, from close to 85,000 at present.
In what comes as some good news for women, a survey by Randstad India shows that many Indian organisations may be hiring more women at top levels this year.
In fact, these salaries compete with the average salaries that IIM graduates offered.
India's first online food guide Zomato, which is planning on going global, is on a massive recruitment drive. The restaurant listings startup has already made 115 offers this years and prefers freshers from top undergrad colleges rather than India's premier engineering and MBA schools.<br /><br />
Since 2014 is an election year, naukri.com expects companies to go into expansion mode, either ahead of the results or after the polls and concomitantly there will be an uptick in hiring activities of companies
The sectors that are likely to drive the job market include IT, healthcare, education, development sector moreover the new retail banking licences are also expected to give a decent hiring trend in year 2014.
Wipro has plans to hire 500 IT professionals in the next 2-3 years as part of expansion in the company's existing facility in the city.
A new pecking order appears to have emerged at engineering colleges with several new startups finding way into the top of the placements queue.
Seven Indian graduates who had interned at Facebook's Menlo Park headquarters have been offered jobs at the company, an employer would die to work with.
If this year's summer placements are any indication, there will be a good number of final placement offers which have not been very encouraging for many B-schools this year due to the slowdown in the economy.
Despite the current economic slowdown, one of India's top B schools XLRI Jamshedpur has managed to provide 100 percent summer internshipts to its largest ever batch in a record time of three-and-a-half days.<br /><br />
With over 58,000 new jobs, IT, IT-enabled services and IT hardware sectors are the highest job contributers in the second quarter of the current fiscal, according to a job survey by industry lobby Assocham. However, economic downturn, downsizing and low salaries in industry are driving B.Techs to bank jobs. <br /><br />
The cities that created the maximum number of jobs were Bangalore, Chennai, Delhi-NCR, Kolkata and Mumbai.
A CII survey of young Indian professionals and entrepreneurs in 28 cities, conducted for ET shows that the confidence levels of Indians are probable the lowest in the 20-odd years since 1991.
Singapore is introducing tougher procedures for hiring foreigners in professional, manager and executive (PME) posts, addressing concerns that they undercut the skills of the local workforce.
Vodafone plans to recruit more than 90 interns this summer and hire over 80 top talents into various entry level programmes
The dramatic turnaround in employer confidence was largely due to the recovery made by IT firms and allied companies.