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Rising EPFO and NPS subscribers signal surge in formal jobs

Rising EPFO and NPS subscribers signal surge in formal jobs

“The number of contributing members to PF has been growing at a CAGR of over 20 percent since 2018, whereas the overall workforce has grown at about 2...

Tier II And III Markets Experience 29% Spike In Retail Lending Job Demand

Tier II And III Markets Experience 29% Spike In Retail Lending Job Demand

"With employment demand soaring by 29% over the past two financial years, this underscores the urgent need for skilled professionals to fuel the growth engine of the retail...

India: 74% clients in microfinance outreach from rural India

India: 74% clients in microfinance outreach from rural India

“Mobile banking, digital payment platform, etc. has enabled the microfinance institution to reach the clients which are in the rural, semi-urban areas more effectively, and thus has reduced...

Budget 2024-25: Staffing firms anticipate tax relief and 9% PF interest rate

Budget 2024-25: Staffing firms anticipate tax relief and 9% PF interest rate

“Tax relief stands as the most prominent expectation, with a strong desire for increased basic exemption limit from the current Rs 2.5 lakh to Rs 5 lakh, which...

GenZ and finance: Layoffs to continue in 2024 – Here’s how to be financially prepared

GenZ and finance: Layoffs to continue in 2024 – Here’s how to be financially prepared

“The likelihood of layoffs in India in 2024 is unlikely except for specific sectors being affected. Over 35,000 people have lost their jobs at Indian startups in the...

Consumer, retail companies to drive jobs in Financial Year ’23-’24 Q4

Consumer, retail companies to drive jobs in Financial Year ’23-’24 Q4

"Despite a slower pace in Q3, the upward trend in employment isn't merely about increasing head counts; it's a strategic move to leverage economic growth and take advantage...

High attrition keeps private banks on their toes

High attrition keeps private banks on their toes

“Private Banks face an elevated risk of attrition, especially with the entry of new players like Jio Financial Services, aggressively expanding their workforce to meet strategic goals."

High staff churn in India’s financial sector to persist in FY24

High staff churn in India’s financial sector to persist in FY24

"The demand for salespeople (selling personal, home, agriculture, and other loans) is huge."

Tech Integration And Partnerships Trim PSU Banks’ Employee Headcount

Tech Integration And Partnerships Trim PSU Banks’ Employee Headcount

“These partners are now directly working with banks and catering to the requirements. So, the need for main banks to hire is going down, and going to a...

Banking & financial companies go all out to retain staff

Banking & financial companies go all out to retain staff

The annual attrition in frontline roles could be as high as 120% where the entire workforce is getting churned on a rolling 12-month basis.

Festive demand to see addition of 50,000 temporary jobs in BFSI

Festive demand to see addition of 50,000 temporary jobs in BFSI

We are poised for a dynamic job market over the next 5-6 months. Since last month, we have witnessed nearly 25,000 job openings for temporary staffers, and we...

1 in 3 Pvt Bank Staff at Entry Level Quits

1 in 3 Pvt Bank Staff at Entry Level Quits

"While the focus is on speedy deployment, frontline staff needs to undergo more training to enhance productivity."