IIM ROHTAK H U M A N E - R CLUB P re s e n ts
H R BULLETIN VOLUME 48
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HUMANE-R|VOLUME48
HR BULLETIN
Tech hiring in May'21 at an all-time high, crosses pre-COVID numbers: Naukri.com Findings from the Naukri JobSpeak report reveal an all-time high demand for tech talent and significant Y-O-Y recovery in hiring across sectors and functional domains. The much spoken about acceleration in digital adoption is reflecting its benefits for the labor market with a steep jump in hiring numbers. Naukri JobSpeak report revealed that May 2021 saw tech hiring at an all time high, recording a robust +14% growth in hiring, in comparison to April 2021. Interestingly, in comparison to pre-COVID hiring sentiment of May 2019, May 2021 saw a 39% jump in tech hiring. IT roles have seen aggressive hiring on the job portal in May'21. Some of the major drivers of the high tech talent demand include Accenture, Adobe, IBM, SAP, Oracle, Flipkart, Motorola, Nike, Udaan and Meesho.
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“It is encouraging to see a much lesser impact of the second wave of the pandemic on the job economy versus last year. Even though the hiring activity declined by 15% in Apr’21 over Mar’21, we see hiring turning flat in May’21, signaling resilience and recovery,” said Naukri.com’s Chief Business Officer, Pawan Goyal. “With the year 2021 seeing a strong wave of hyper-digitization, the IT sector continues to drive hiring, recording a robust +14% sequential growth in May'21. In fact, hiring for tech roles is at an all-time high versus pre-COVID levels; growing at 39% in May'21 over May’19.” Beyond tech, the education and teaching sector too witnessed a +7% growth, after months of continuous decline. Some of the top employers instrumental in the hiring boost include Byjus, Vedantu, Toppr and Unacademy. The hospitality (-41%) and retail (-20%) sector, along with non-essential offices suffered the brunt of shutdown once again with a sequential decline in hiring between April and May 2021. Other impacted sectors include banking/finance (-15%), FMCG (-13%) and BPO/ITES (-10%).
The report found that major IT Hubs like Pune (+12%), Bangalore (+9%) and Hyderabad (+4%) saw an uptick in hiring activity in May'21 Vs Apri'21 led by tech talent demand. With Maharashtra successfully containing the pandemic, hiring activity grew by +5% sequentially in Mumbai, while hiring in Delhi/NCR remained impacted and declined by 11% in the same period. Some of the tier-2 cities that remain impacted in hiring following the second wave include Jaipur (-19%), Vadodara (-9%) and Coimbatore (5%). There is a visible uptick in demand for experienced professionals, with hiring activity for professionals with 8-12 years’ experience as well as over 16years of experience witnessing a jump of 4%. In contrast, the experience bracket of 0-3 years’ is seeing a consistent decline in sequential hiring over the past few months with the hiring declining by 7% for the segment in May '21. While tech talent demand witnessed an all-time high, the demand for several other roles including HR/Admin (4%), Production/Quality (-22%), Sales/BD (-20%), Purchase/Logistics (-14%), ITES/BPO (-8%), and content/journalism (-8%) was impacted in May '21 sequentially.
The Y-O-Y Hiring Deep-dive | May’21 Vs May’20 The volatile business environment following the intermittent nationwide lockdown and restrictions in the last twelve months brought about a severe fluctuation for the labor market. However, the numbers hint at accelerated recovery. The hiring activity grew by +125% in May’21 as compared to May’20.
The scale of recovery is highest in the IT-software sector with a jump of over 200% in May'21, compared to May'20, surpassing May'19 numbers. Other sectors reflecting a good Y-O-Y recovery in May’21 include Retail (+143%), Auto/Ancillary (+108%) and Education/ Teaching (+105%). The Pharma/Biotech (+43%) sector, which remained afloat during the first wave of the pandemic saw proportionate Y-O-Y growth in May'21. Within metros, Y-O-Y hiring was led by IT hubs including Pune (+217%), Hyderabad (+207%) and Bangalore (+187%). The hiring activity in Mumbai (+112%) and Delhi/NCR (+108%) grew relatively lesser during the same period owing to the pandemic impact. While the top six metros witnessed a hiring growth of ..
Read more at: https://www.peoplematters.in/news/recruitment/tech-hiring-in-may-21-atan-all-time-high-crosses-pre-covid-numbers-naukricom-29565
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Ola expands leadership team with appointment of new CFOs G. R. Arun Kumar joins as the Group CFO for Ola & CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola’s Mobility, Financial Services and Foods businesses. Leading mobility company Ola announced the expansion of its leadership team with the appointment of two Chief Financial Officers. G. R. Arun Kumar joins as the Group CFO for Ola & CFO for Ola Electric, while Swayam Saurabh has come in as CFO for Ola’s Mobility, Financial Services and Foods businesses. Commenting on the appointments, Bhavish Aggarwal, Chairman and Group CEO, Ola, said, “At Ola, we are building a world-class leadership team and hiring top talent from around the world. Arun and Swayam bring deep financial expertise across large and complex global organizations and multiple industries including minerals, construction and FMCG amongst others. I look forward to working with them to deliver our growth ambitions while maximizing capital efficiency.” Having worked across varied consumer and industrial sectors in both corporate multinationals as well as entrepreneur-led global companies, including Vedanta Resources, GE and Hindustan Unilever, G. R. Arun Kumar brings more than two decades of experience in finance and strategy, including managing business growth and turnaround, large scale debt and equity capital market benchmark transactions, governance and reporting & compliance. With his experience in leading large-scale supply chain teams, delivering sales & supplier returns, managing large third-party manufacturing and of greenfield manufacturing projects, Arun joins the Ola leadership team at a time when Ola Electric is racing ahead to build the world’s largest two-wheeler factory which will also colocate key critical suppliers in 2 supplier parks at the 500-acre site in Tamil Nadu, India..
Read more at: https://www.peoplematters.in/news/c-suite/ola-expandsleadership-team-with-appointment-of-new-cfos-29563
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Aegon Life elevates Manish Falor as CFO In his new role, Manish Falor will lead the company’s finance function with the aim to strengthen the business performance and growth of the company. Leading digital life insurance firm Aegon Life has announced the appointment of Manish Falor as its Chief Financial Officer. In his new role, Manish Falor will lead the company’s finance function with the aim to strengthen the business performance and growth of the company. Satishwar Balakrishnan, MD & CEO, Aegon Life, commented on the appointment “We are delighted to have Manish take over the new role within the organization. His unique expertise in business planning and proficiency in accounts and financial management has helped us create value among our key stakeholders over the past 12 years. We are certain that Manish, in his new role, will help in Aegon Life’s growth in years to come. His clear vision, and leadership skills will position us for greater success.” Manish joined Aegon Life in 2008. During his professional tenure of nearly two decades, he has led various functions of financial control, reporting, and business planning operations. Speaking on his appointment, Manish added, “I am excited to take over the new role at Aegon Life. With the help of advanced technology, innovation, and a fresh approach towards insurance, Aegon Life has paved the way for digital life insurance in India. We have many firsts to our merit when we speak of innovation in the Indian life insurance industry, and we are gearing up to transform the way customers buy life insurance policies in India. It has been an amazing journey so far and I look forward to taking our business transformation to a new level. Prior to Aegon Life, Manish, who is a Chartered Accountant (CA) and a Cost and Works Accountant (CWA) by qualification,..
Read more at: https://www.peoplematters.in/news/c-suite/aegon-life-elevatesmanish-falor-as-cfo-29552
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The Leela appoints Gautam Srivastava as VP - Corporate HR Prior to joining The Leela, Gautam has spent close to a decade in the Insurance Industry with Max Life Insurance & Apollo Munich Health Insurance (Now merged with HDFC ERGO General Insurance). The Leela Palaces, Hotels and Resorts have recently announced the appointment of Gautam Srivastava as Vice President – Corporate HR, effective May 27 2021. Talking about his appointment, he said, “My immediate priorities include developing HR strategy to provide people with the capability to propel the organisation’s ambitious growth plans in the coming years. Building the culture of meritocracy, creating a strong employer brand and transforming employee experience by leveraging technology are the key pivots of my strategy.” Prior to joining The Leela, Gautam has spent close to a decade in the Insurance Industry with Max Life Insurance & Apollo Munich Health Insurance (Now merged with HDFC ERGO General Insurance). His last role with HDFC ERGO was Vice President & Head – Talent Management, Performance & Rewards. He has successfully led transformation of key HR processes– HR Digitalization (PMS, R&R, HRMS, Wellness), Organization Talent Review, Great Place to Work, Talent Development & leading HR Harmonization of processes / policies/ culture during M&A. He has also been recognized at a national level for driving wellness initiatives with the highest penetration rate. Gautam is a Hotel Management Graduate & holds specialization in HR. He is an accredited executive coach from ICF, USA, has attended programs at ISB, IIM, CCL and holds certifications in psychometric assessments like – Hogan, OPQ, MBTI, Topgrading. He brings with him over two decades of rich and diversified experience in hospitality, ITeS, Banking & Insurance domains. Gautam started his career with ITC Hotels as an Operations Management Trainee where he got the exposure to work across operations before transitioning to work in other industries and has played several key HR leadership roles. With his appointment at The Leela, he has found his true calling & as he says – his life has come a full circle…
Read more at: https://www.peoplematters.in/news/leadership/the-leelaappoints-gautam-srivastava-as-vp-corporate-hr-29555
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PayNearby ropes in Vivek Viswanathan as new CTO PayNearby announces the appointment of Vivek Viswanathan as Chief Technology Officer. With an illustrious background of over two decades, he will work towards enabling a seamless delivery of financial services and drive the cause of financial inclusion and democratization of digital payments in the country. Among India’s leading branchless banking and digital payments network, PayNearby, has appointed Vivek Viswanathan as its new Chief Technology Officer. With over two decades of rich experience, Vivek brings to PayNearby robust expertise as a leader in the technology and software space across the functional domains of fintech and supply chain. He comes with an illustrious professional background in architecting, designing and building enterprise-grade products, and brings a new energy to propel PayNearby into its next phase of growth. As a CTO, Vivek aspires to build a world-class tech organization focused on agility, efficiency and transparency through the use of technology, automation, processes and culture. He will work closely with the company's product, data and analytics teams to harness the power of technology to enable seamless delivery of financial services and drive the cause of financial inclusion and democratization of digital payments in the country. "We are thrilled to welcome Vivek to the executive team. Vivek brings a wealth of knowledge to his new role and he will certainly be an invaluable asset to our team as we continue to advance our product architecture and solutions platform,” said Anand Kumar Bajaj, Founder, MD & CEO, PayNearby. “Vivek will solidify our..
Read more at: https://www.peoplematters.in/news/c-suite/paynearby-ropes-invivek-viswanathan-as-new-cto-29566
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