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H R BULLETIN VOLUME 19
humane.r@iimrohtak.ac.in
HUMANE-R|VOLUME19
HR BULLETIN
Hiring for freshers improving; likely to continue till end of FY21: Experts "Freshers hiring had dropped down to mere 1.5 lakh during March 25-April 30, from the average 5 lakhs per month. However, the scenario is improving and currently there are around 3.5 lacs fresher job openings listed on the portal," Teamlease.com and Freshersworld.com VP and Business Head Kaushik Banerjee told PTI. Demand for freshers, which was the hardest hit following the lockdown to curb the spread of COVID-19 pandemic, has seen an uptick since June and this trend is likely to continue till the end of this financial year, say experts. The sectors that are witnessing significant uptrend include EdTech and e-Learning followed by healthcare, HR tech and FinTech. "Freshers hiring had dropped down to mere 1.5 lakh during March 25-April 30, from the average 5 lakhs per month. However, the scenario is improving and currently there are around 3.5 lacs fresher job openings listed on the portal," Teamlease.com and Freshersworld.com VP and Business Head Kaushik Banerjee told PTI.
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Hiring began to look up for freshers in late June and is likely to pick up more strength during SeptemberNovember period, he noted. The sectors where these freshers recruitment are taking place the most include EdTech and e-Learning followed by healthcare, HR tech and FinTech. Besides, FMCG, IT and ITES, Manufacturing, BFSI, Telecom, and Semiconductor industries have also sprung back into action, he added. According to CIEL HR Services Director and CEO Aditya Mishra, most companies were impacted by demand contraction but are betting on recovery and are hoping to witness pre-COVID levels of demand in January-March 2021. "Through the weeks of unlocking, freshers hiring has started in the above sectors. About 65 per cent of the freshers who were holding offers slated to join in MaySeptember have found placements. However, the remaining ones are struggling to find work," he said.
Considering the off-campus hiring, on an overall basis fresher hiring in the first half (April-September) is about 75 per cent of the last year, he pointed out. Further, he said, large organisations with their campus-hiring infrastructure will adopt new ways of holding campus connect and hiring because fresher hiring is a critical component of hiring strategy for large organisations. "However, we expect salary levels offered in the campuses to decline up to 10 per cent this year," he opined. Meanwhile, companies have evolved new methods of induction and training for new joinees using various online platforms of learning, a combination of self-paced learning and instructor-led live classes held on video platforms, he added. Indeed India Managing Director Sashi Kumar stated that as per the global job site's data job postings for freshers saw a 26 per cent decline from March to April 2020, following the implementation of the lockdown. "After this slump, job postings for freshers began to see a recovery from June onwards. Job postings for freshers saw a 57 per cent increase from just May to June. In parallel, postings for remote fresher jobs began to pick up from May. There was a 157 per cent increase in remote job postings for freshers from April to May," he said.
While job postings for freshers have improved marginally between April and August, however,..
Read more at: https://economictimes.indiatimes.com/jobs/hiring-for-freshersimproving-likely-to-continue-till-end-of-fy21-experts/articleshow/79038169.cms
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OYO Hotels & Homes appoints Ankit Tandon to Global Chief Business Officer The role of Global Business Services (GBS) will be to integrate technology into processes and deliver efficiency in the finance, legal and HR teams across the organization whereas the Business Performance Management (BPM) team will work closely with market CEOs and their teams to help them learn about global best practices, external and internal benchmarks, and in turn hel OYO Hotels & Homes has announced the elevation of Ankit Tandon to Global Chief Business Officer of OYO Hotels & Homes. Ankit has been part of the OYOs CXO leadership team since 2016 and in his new role, will lead the setup of OYOs Global Business Services and Business Performance Management teams. This will be in addition to the Global Project Management Office (GPMO) responsibilities he has been leading since October 2019. The role of Global Business Services (GBS) will be to integrate technology into processes and deliver efficiency in the finance, legal and HR teams across the organization whereas the Business Performance Management (BPM) team will work closely with market CEOs and their teams to help them learn about global best practices, external and internal benchmarks, and in turn help them deliver their operating plans. Additionally, the team will also help the Group CFO and the FP&A team with documentation, reports, and updates to our company’s Board and investors. Over the years, Ankit has successfully built multiple new capabilities and businesses for OYO, such as Operations, Transformation, Repairs and Maintenance, Procurement & Supply Chain, Operated Hotels Business, etc. He has also delivered several large cross-geography and cross-functional projects at a brisk pace and with a significant financial impact. Commenting on this, Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes said, “Ankit has time and again proved to be a valuable asset to our company and has been..
Read more at: https://www.peoplematters.in/news/c-suite/oyo-hotels-homesappoints-ankit-tandon-to-global-chief-business-officer-27511
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Techfynder adds 122,000 contractors globally The platform has a robust presence across 125 countries with 32% growth in the Q3 2020. One-stop solution for hiring IT contractors globally, Techfynder, has added 44,000 contractors from India over the past year. The platform now has 45,000 contractors registered from the country, depicting a 45-fold increase in its Indian user base vis-a-vis last year’s 1,000 contractors. More than 122,000 contractors have joined the platform globally during the Q3 of the calendar year 2020 - a 32% QoQ growth in terms of users. Techfynder now sees a daily user rate of 87% by IT contractors, with 250 clients actively hiring. Launched in October 2019, Techfynder is a unified platform that streamlines the process of hiring professional contractors. The intelligent platform matches top-quality contractors with the roles they’re most qualified for. Its matching algorithm considers a contractor’s skills, experience, preferred rates, and location for a given contract. It further enables contractors to communicate directly with hiring managers across various segments around the world and get immediate feedback. The free-to-use platform for contractors also features an easy onboarding process leveraging its Machine-Learning-driven resume parsing, which helps in building contractor profiles seamlessly. On the other hand, companies benefit by their ability to create a global contractor pool that they can browse through efficiently, thereby screening only those IT contractors that meet required criteria. Once a company has selected a contractor, they can communicate with one another directly, undertake interviews by phone or video, and sign contracts using the e-signature service on the platform. Techfynder’s easy-to-use application provides subscribers with a dashboard to highlight their progress, identify profiles of interest, and prioritize job postings. Speaking about the latest development, CEO Praveen Madire, ..
Read more at: https://www.peoplematters.in/news/talentacquisition/techfynder-adds-122000-contractors-globally-27506
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Leena AI raises $8Mn in series A funding Series A led by Greycroft and leading enterprise software executives, brings the total raised to $10 Mn. Leena AI, an artificial intelligence (AI)-powered employee experience platform, today announced an $8 million Series A financing led by Greycroft to expand its go-to-market programs and accelerate product development. The round also included a personal investment from Adam Miller (Founder of Cornerstone OnDemand), Alan Patricof (Chairman of Greycroft) and Jim Moffatt (ex-Chairman/CEO of Delloite Consulting). In conjunction with the funding, Mark Terbeek, partner at Greycroft, will be joining Leena AI's board. The funding will allow Leena AI to continue its momentum by helping the world’s top enterprises to modernize their legacy internal helpdesk systems to better their employee experience. Traditional internal helpdesk systems take longer for employees to get answers from HR teams. Leena AI leverages artificial intelligence to automatically answer repetitive employee queries in real-time and enables HR to better support employees. With Leena AI, businesses streamline their employee workflows while uncovering unmet employee needs and process gaps. “Legacy internal helpdesks are simply not meeting the needs of the world’s top enterprises. They are not user friendly, are tough to deploy & lack intelligence. Leena AI Service Delivery suite changes that - bringing the consumer experience to enterprise employees.” said Adit Jain, Co-founder and CEO, Leena AI. “This investment will fuel our mission to elevate employee experience through AI-powered conversations and insights & become the Siri for enterprise employees.” “Delighting employees is crucial in the battle for attracting and retaining world-class talent. In this era of accelerated remote work environments- satisfying key employee inquiries is even more critical. ,” said Mark Terbeek, Partner at Greycroft. “Leena AI has created a scalable AI platform that solves critical requests for all employees and provides them with a single access point for all of their critical HR needs. ” ..
Read more at: https://www.peoplematters.in/news/hr-technology/leena-ai-raises-8min-series-a-funding-27500
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India Inc to offer 7.3 percent salary increment in 2021: Aon Salary Increase Survey The industries looking to provide the highest salary increases are high technology (Hi-Tech), information technology (IT), IT Enabled Services (ITeS), life sciences, e-commerce, chemicals, and professional services. The Aon Salary Increase Survey has found that 87 percent of surveyed companies have reported that they intend to pay out salary increases in 2021. Of these, 61 percent of these organizations are projected to offer a hike between five percent and ten percent. This compares to 71 percent of companies providing increases in 2020, when, of that group, only 45 percent gave increases in the same range. The study analyzed data across 1050 companies from more than 20 industries. Nitin Sethi, a partner at Aon, and CEO of the firm’s Performance and Rewards Solutions practice in India said that despite the gravity of the COVID-19 pandemic in India and its deep impact on the economy, organizations in India have shown tremendous resilience and a mature view on talent. "Business and HR leaders made hard decisions in the second and third quarters of 2020 and are now betting on the green shoots of improving consumer demand. They see the need to invest in talent as a critical part of their recovery and growth prospects," he added. The industries looking to provide the highest salary increases are high technology (Hi-Tech), information technology (IT), IT Enabled Services (ITeS), life sciences, e-commerce, chemicals, and professional services. Meanwhile, companies in the hospitality, retail, and..
Read more at: https://www.peoplematters.in/news/compensation-benefits/india-inc-tooffer-73-percent-salary-increment-in-2021-aon-salary-increase-survey-27513
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