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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."

Job postings fall over 30% in FY23 as compared to last financial year

Job postings fall over 30% in FY23 as compared to last financial year

The funding winter has adversely affected the startup and e-commerce ecosystem, while the fear of a global recession is prompting information technology companies to stay away from active...

Staying future proof: Creating a skilled workforce for tomorrow

Staying future proof: Creating a skilled workforce for tomorrow

Productivity isn’t everything, but in the long-run it is almost everything,” said Paul Krugman in his book ‘The Age of Diminished Expectations’

Demographic dividend fast fizzling out, warn experts

Demographic dividend fast fizzling out, warn experts

We need to fix some of the structural issuses… Creation of more formal sectors jobs, giving employable skills to the youth and ensuring better sectoral & geo graphical...