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

The interplay of funding availability, global economic conditions, industry-specific dynamics, and regional staffing challenges all contribute to the country’s complex nature of the employment scenario.

Kartik Narayan
  • CEO - Staffing

Inventiva, July 10, 2023
After a lull, IT hiring mandates are up 10% in July

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 recruitments.

TeamLease Services Limited
Economic Times, June 10, 2023
Global capability centres expand operations in India, hiring more IT talent

While Indian IT services companies are facing a significant decline in demand, GCCs (global capability centers) in India are experiencing a significant improvement in hiring.

TeamLease Services Limited
Business Standard, July 07, 2023
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 recruitments.

Kartik Narayan
  • CEO - Staffing

Financial Express, July 07, 2023
EV makers look to recruit more women in workforce

As per discussions with various EV industry players, it has been noticed that the attrition of women in EV companies is comparatively less at the mid-management level.

TeamLease Services Limited
Money Control, July 04, 2023
Dr Lal PathLabs elevates Munender Soperna as CIDO

The cyber security industry is grappling with an ongoing skill shortage, resulting in numerous unfilled vacancies. They struggle with new frameworks and models, such as zero trust

TeamLease Services Limited
Tech Circle, July 03, 2023
From new classification to a separate division in the Ministry, India’s micro-MSMEs need differentiated support

IT services are expected to open up in this quarter to some extent. This is as hiring has been on the back burner for quite some time and utilisation levels have peaked to over 80-85%.

TeamLease Services Limited
Economic Times, July 02, 2023
Campus placements may reduce but internship stipends, salaries will rise

The present challenge is to upgrade higher education learning through credit-based apprenticeships.

TeamLease Services Limited
Careers360, June 29, 2023
Skills versus Degrees: What staffing firms have to say?

For entry-level roles, frontline individual contributor roles such as store promoters, several firms expected the candidates to be at least graduates. And for service technicians, the minimum qualification was ITI/Diploma.

Balasubramanian A
  • VP & Business Head

Economic Times, June 27, 2023
Skilling MSMEs to play a leading role in India’s techade

India will need 30 million digitally skilled professionals by 2026. India cannot fill the skills gap without skilling its women.

TeamLease Services Limited
The Economic Times, June 27, 2023
Back Skill gap plagues cyber security industry as jobs go unfilled

The domestic cyber security industry is projected to experience an annual growth rate of 8%, reaching a value of $3.5 billion by 2027. However, the persistent shortage of skilled professionals in this field remains a significant challenge.

TeamLease Services Limited
Livemint, June 25, 2023
Despite its high internet user base, India has just 6% of global cybersecurity jobs

The demand-supply gap stood at 30%, projecting a major skill challenge in the industry. Indian organisations experienced over 2,000 weekly attacks in Q1 2023, marking an 18% increase compared to the previous year.

TeamLease Services Limited
rediff, June 22, 2023