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Festive season to create 216,000 temp jobs, hiring up 20% YoY
Economic Times
·
23d ago
Medial
India's festive season is anticipated to generate over 216,000 seasonal jobs from July to December, marking a 15-20% increase in temporary hiring compared to the previous year, according to Adecco India. The surge is driven by strong consumer sentiment and aggressive festive promotions across sectors like retail and logistics. Metro cities lead in hiring demand, with a 19% rise, while tier 2 cities experience faster growth at 42%. Employers focus on digital fluency and retention strategies, including improved incentives.
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Festive hiring boom: E-commerce, quick commerce set to lead the way
Livemint
·
12m ago
Medial
The upcoming festive season in India is expected to drive an increased demand for gig workers. Quick commerce companies like Zepto and Blinkit, as well as online retailers like Meesho and Amazon, anticipate a spike in demand for various products during the August to December period. These companies are likely to hire up to 20% more workers compared to last year. Other sectors such as consumer durables, FMCG, and BFSI are also expected to see a boost in hiring, albeit at a slower pace. The festive season is the peak recruitment season, with both physical stores and online platforms seeking to capture a larger share of sales through discounts.
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When temp hiring becomes an increasingly permanent fixture in Indian companies
Livemint
·
9m ago
Medial
Indian companies are increasingly turning to contract hiring instead of permanent employees to take on new projects and control costs. This shift comes as companies face uncertain economic conditions and project visibility. Contract hiring is expected to increase by 20% over the next few months, creating 600,000-700,000 jobs across various sectors. Industries such as FMCG, e-commerce, and quick-commerce are driving this growth. Contract employees are typically paid lower wages than regular staff and are not eligible for additional employee benefits. This trend is also driven by companies expanding in smaller cities and the transition of informal workers to formal employment.
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India Inc pushes for temp hires in anticipation of a good summer
Livemint
·
1y ago
Medial
The demand for temporary positions in India is expected to rise by 20% in the April-June quarter compared to the same period last year. Companies in sectors such as non-banking finance, retail, e-commerce, and consumer durables are opting for temporary employees for junior roles. This trend is driven by increased consumer spending after appraisals, the summer season, and the need for flexible scaling of staff. Industries such as beverages and IT are also showing an uptick in temporary hiring.
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Festive season hiring surge: Consumer goods and e-commerce companies increase workforce by 20-25%
Economic Times
·
28d ago
Medial
Consumer goods, retail, and e-commerce companies in India are increasing their workforce by 20-25% ahead of the upcoming festive season, expecting a recovery in sales. A significant portion of this hiring surge involves gig and temporary workers, with e-commerce and logistics companies seeing a 30-35% rise in temporary hires. The festive period is critical for boosting otherwise low consumer demand, as these months contribute significantly to annual sales in various sectors.
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Meesho enables 8.5 lakh job opportunities this festive season
YourStory
·
11m ago
Medial
Meesho, an affordable marketplace, has created 8.5 lakh seasonal job opportunities this festive season, a 70% increase from the previous year. Over 60% of the jobs were in Tier III and IV regions. Meesho's sellers have hired 5 lakh seasonal workers, while partnerships with logistics providers have generated an additional 3.5 lakh jobs. The company aims to make ecommerce accessible and inclusive, introducing value-added services and emphasizing women's participation. Flipkart, another ecommerce platform, plans to create over 1 lakh jobs ahead of its Big Billion Days sale.
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Flipkart expands supply chain network ahead of Big Billion Days
YourStory
·
11m ago
Medial
Flipkart, the Indian e-commerce marketplace owned by Walmart, is increasing its hiring and distribution channels ahead of its Big Billion Days festival to meet the festive demand. The company has launched 11 new fulfillment centers across India, bringing the total to 83. Flipkart plans to create over 100,000 new jobs in various supply chain verticals and will provide skilling and training programs for new hires. Walmart is optimistic about the results of the festival, as Flipkart delivered double-digit topline growth in the previous quarter.
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Festive season begins with a bang: quick commerce sees jump in sales
Economic Times
·
11m ago
Medial
Blinkit and Zepto, quick commerce platforms, are experiencing higher sales and expanding their product assortment in preparation for the upcoming festive season. These platforms are doubling their stock keeping units (SKUs) to offer a wider range of goods to consumers during the festive season. Ahead of Rakshabandhan, Blinkit CEO stated that they were selling 693 rakhis per minute. Zepto aims to deliver 3.5 million orders leading up to Rakshabandhan. Discounts and incentives are being provided, and international orders have been activated. More demand for gifting, snacking, and personal care products is expected during this festive season.
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Festive sales hit $6.5 billion in a week on ecommerce street: report
Economic Times
·
10m ago
Medial
- Online marketplaces recorded a 26% increase in sales, reaching $6.5 billion in one week of festive sales. - Mobile phones, electronics, consumer durables, home, and general merchandise accounted for three-fourths of the total sales. - Sales in the first week made up for about 55% of the total expected ecommerce sales during the festive season this year. - Ecommerce giants Flipkart and Amazon India started their annual festive season sales on September 27, with a strong demand observed from tier-II and beyond cities. - Supply chain issues pose a significant challenge for brands during the festive rush, with demand exceeding expectations in some cases. - Quick-commerce platforms are also witnessing growth during the festive season, particularly in categories like wearables and audio products.
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Created over 100,000 job opportunities in India ahead of festive season: Amazon
Economic Times
·
1y ago
Medial
Amazon has announced that it has created over 100,000 job opportunities in India ahead of the festive season. The e-commerce giant is preparing for the surge in demand during the upcoming festive period and has been rapidly expanding its operations in the country. The move by Amazon is expected to provide a boost to the economy and create employment opportunities for many Indians.
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Tech firms’ temp worker costs dip as demand falls
Livemint
·
1y ago
Medial
Top Indian IT services companies such as TCS, Infosys, HCL Technologies, and Wipro have successfully reduced their temporary staff costs, which had increased due to the pandemic. Sub-contractor expenses as a percentage of revenue for these companies in the December quarter fell below or near pre-pandemic levels. Spending less on temporary workers is a significant factor in improving profitability for IT firms. The decline in sub-contractor costs signals better profitability in the future. Despite the decline, sub-contractor hiring is expected to increase as demand and deal wins ramp up in the next 6-9 months.
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