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CEOs quizzed on longevity, curiosity as hiring for top job takes upto 1 year

Livemint

Livemint · 8m ago

CEOs quizzed on longevity, curiosity as hiring for top job takes upto 1 year

The role of CEO has become increasingly important in today's competitive and volatile business environment. Companies are now subjecting senior executives to rigorous interview processes, including multiple rounds of interviews and questions on various topics such as geopolitics, global warming, and longevity. Executives are also expected to showcase their curiosity and ability to work in extreme economic and geopolitical conditions. The increased scrutiny and lengthy interview processes reflect companies' fear of making a mistake and their desire to minimize risk. The time taken to close CEO positions has also increased, with some candidates going through up to 11 rounds of interviews.

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Hiring activity declines by 8% y-o-y in February: foundit Insights Tracker

Thehindubusinessline

Thehindubusinessline · 1y ago

Hiring activity declines by 8% y-o-y in February: foundit Insights Tracker

According to foundit Insights Tracker, hiring activity in India has declined by 8% YoY in February but increased by 3% MoM. Industries such as oil, gas, petroleum, power, and IT-hardware and software have shown strong performance in hiring. The job market for freshers experienced a 12% decline in hiring, however, applications increased by 24%, leading to increased competition for limited opportunities. Delhi-NCR, Bangalore, and Mumbai were the top cities with the highest share of job postings. The demand for software, hardware, and telecom roles remained high, while HR & Admin roles witnessed a sharp decline.

Freshers makeup 53% of startup jobs: Foundit Insights Tracker

Internet

Internet · 1y ago

Freshers makeup 53% of startup jobs: Foundit Insights Tracker

The latest Foundit Insights Tracker on hiring trends reveals that April saw a 9% increase in overall hiring activity, both month over month and year over year, suggesting a rebound in job possibilities. According to the Foundit (formerly Monster APAC & ME) tracker for April 2024, the hiring index increased from 276 in March to 300 last month.

Skills-based hiring takes root as focus shifts from fancy degrees

Economic Times

Economic Times · 4m ago

Skills-based hiring takes root as focus shifts from fancy degrees

Many companies, like Smallest.ai and Zerodha, are adopting skills-based hiring, focusing on candidates' abilities over formal qualifications. At Smallest.ai, several employees are self-taught or dropouts, yet they perform equally well as graduates from prestigious institutions. This shift emphasizes talent and practical experience. Zerodha, for instance, values curiosity and eagerness to learn, assessing candidates based on motivation, skills, and continuous learning potential rather than degrees, underscoring a changing hiring landscape.

IT sector hiring rose 5% YoY in June; AI, ML see 42% spike: Naukri JobSpeak Report - The Economic Times

Economic Times

Economic Times · 3d ago

IT sector hiring rose 5% YoY in June; AI, ML see 42% spike: Naukri JobSpeak Report - The Economic Times

The IT sector saw a 5% rise in hiring in June, with tier-II cities contributing significantly. Demand was strong for senior IT professionals and AI/ML roles, which grew by 42% year-on-year. Fresher hiring increased 11%, especially in sectors like hospitality, oil & gas, and healthcare. Entry-level roles in areas such as architecture and advertising also saw substantial growth. Startups in metro cities and Indian unicorns maintained robust hiring trends, signaling a positive shift in the job market.

LinkedIn lays off over 500 workers as hiring activity slows

Economic Times

Economic Times · 1y ago

LinkedIn lays off over 500 workers as hiring activity slows

Microsoft-owned LinkedIn has announced a second round of job cuts, resulting in over 500 layoffs, including engineers. The social media network is facing a hiring slowdown, prompting this move. This adds to the extensive job losses witnessed in the technology sector this year, as businesses grapple with an uncertain economic outlook. The 500 job cuts account for 2.5% of LinkedIn's 20,000-strong workforce.

Honouring previously made offers priority; plan to hire 12,000 staff in FY25: Wipro

Economic Times

Economic Times · 11m ago

Honouring previously made offers priority; plan to hire 12,000 staff in FY25: Wipro

Indian IT firm Wipro has stated that onboarding freshers who were previously offered jobs is their top priority. They have already onboarded around 3,000 'next-gen associates' in the first quarter of FY25 and expect to hire a total of 10,000-12,000 NGAs in the fiscal year. This emphasis on hiring is notable in the context of the ongoing job cuts in the technology industry. Wipro plans to focus on areas like GenAI, cybersecurity, and cloud for recruitment, while also exploring off-campus hiring strategies and maintaining ties with academic institutions.

84% Indian CEOs keen on investing in GenAI: report

Economic Times

Economic Times · 1y ago

84% Indian CEOs keen on investing in GenAI: report

According to a survey by EY, 84% of Indian CEOs are interested in investing in generative AI programs. However, they struggle with the rapid pace of progress and regulatory restrictions. CEOs also express concern about the impact AI will have on the workforce and the difficulty in identifying credible ecosystem partnerships. Despite these challenges, 86% of CEOs are hiring new talent with relevant AI skill sets and establishing pilots and partnerships. They believe that integrating GenAI will enhance their capabilities as effective leaders.

AI, the purported job-snatcher, is propelling a revival in India's IT hiring

Livemint

Livemint · 1y ago

AI, the purported job-snatcher, is propelling a revival in India's IT hiring

Indian IT services companies are on a hiring spree for engineers with AI skills as they emerge from declining revenue growth and high attrition. The previous financial year saw a decline in job offers amid weak global demand and advances in AI. However, the tide is turning with improved business prospects and recruitment. Some IT clients have signed large deals resulting in increased demand for AI-skilled employees. While exact hiring plans for this financial year remain unclear, industry analysts and recruitment firms expect a significant increase in IT sector hiring.

7 out of 10 Highest paid CEOs in India hail from IT sector

Livemint

Livemint · 1y ago

7 out of 10 Highest paid CEOs in India hail from IT sector

According to a report by the Economic Times, the IT sector dominates the list of highest paid CEOs in India, with 7 out of the top 10 belonging to the sector. CEOs from companies like Wipro, Infosys, and Tech Mahindra are among the top earners, with salaries ranging from ₹29 crore to ₹82 crore. The intense global competition faced by IT companies is cited as a key reason for the high executive remuneration in the sector. Additionally, founders of Zerodha, Nithin and Nikhil Kamath, collectively withdrew ₹195.4 crore as compensation in FY23, making them one of the top-earning CEOs.

AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report

YourStory

YourStory · 2m ago

AI-ML hiring grows 25% in May, IT sector sees 5% decline: Report

In May 2025, hiring in the Artificial Intelligence and Machine Learning (AI/ML) sector grew by 25% year-on-year, while the broader IT sector saw a 5% decline, according to the Naukri JobSpeak report. Despite the overall stable job market, AI/ML hiring increased, particularly in major cities and senior professional demand. Real estate and insurance sectors showed growth, while retail, telecom, and banking hiring decreased. Cities like Hyderabad and Kochi exhibited hiring increases, driven by senior-level roles.

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