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Online hiring activities for white collar jobs declined in April compared to the year-ago period amid a challenging environment for businesses, according to a report. The report also suggested that despite economic uncertainties, hiring activities among startups have significantly increased in April. While there has been a 6 per cent decline in e-recruitment for white collar jobs in April, compared to the same month last year, the market for new and emerging job roles was up, according to foundit <keyword id="15764562" type="General" weightage="100" keywordseo="insights-tracker" source="Orion">Insights Tracker</keyword> (fIT). "The current global economic uncertainties have created a challenging environment for businesses, forcing them to navigate a rapidly changing environment. Although hiring has declined, there are still a plethora of job opportunities in emerging industries for job seekers," foundit (previously Monster APAC and ME), a Quess company, CEO <keyword id="12137505" type="General" weightage="50" keywordseo="sekhar-garisa" source="Orion">Sekhar Garisa</keyword> said. He said the Indian startup ecosystem has taken a turn, exhibiting resilience in hiring intent despite the prevailing job market challenges. "While we expect cautious hiring sentiments to persist, we remain optimistic about job opportunities for candidates, particularly as startups continue to propel the demand for talent and innovation," <keyword id="13638247" type="General" weightage="80" keywordseo="garisa" source="Orion">Garisa</keyword> added. Foundit Insights Tracker is based on data on its platform from April 2022 to April 2023. In the startup ecosystem, while edtech was among the top 5 industries hiring, the sector held a much larger share last year, the report said. Other segments such as BFSI/fintech, and media and entertainment also accounted for considerable demand in the startup hiring space, it stated. On the other hand, healthcare and BPO startups showed a negative hiring intent, it added. Job postings by startups have been driven by increased hiring across metros, and robust hiring has also been noted for remote roles. <keyword id="6354321" type="General" weightage="50" keywordseo="bengaluru" source="Orion">Bengaluru</keyword> (33 per cent) accounted for the highest share of startup jobs, and Delhi, Mumbai and Pune also hosted notable demand trends, it added. Meanwhile, the report revealed that the retail sector has grown 22 per cent Year-on-Year (<keyword id="63194" type="General" weightage="80" keywordseo="yoy" source="Orion">YoY</keyword>), which is encouraging for job seekers in emerging industries. The report noted that e-commerce has contributed significantly to this growth, with India now home to some of the largest online retailers. This expansion has increased demand for skilled professionals on the shop floor, providing ample opportunities for retail job seekers, it said. Furthermore, hiring in travel and tourism has also experienced a growth of 19 per cent YoY, as domestic and international travel spiked this summer, it stated. The telecom sector's job market grew by 14 per cent YoY, putting it among the top three most actively hiring sectors, the report said. It also added that cybersecurity professionals are in high demand attributed to the increasing dependence on technology and digital platforms, which has consequently led to a rise in cyber-attacks and data breaches. Other sectors that have shown growth momentum annually include NGO/social services (11 per cent), advertising, market research and public relations (7 per cent), oil/gas (3 per cent) and shipping/marine (2 per cent). However, on the downside, BFSI (4 per cent) and BPO/ITES (13 per cent) sectors continued to witness a decline in hiring as companies watched their spends on talent acquisition. Other sectors like healthcare, biotechnology and life science (16 per cent), import/export (19 per cent), agro-based industries (20 per cent) and IT-hardware/software (22 per cent) also saw a significant decline in their hiring patterns in April compared to the year-ago period. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/resurgent-kkr-face-struggling-rajasthan-royals-aim-to-break-into-top-4/articleshow/100124037.cms">Resurgent KKR face struggling Rajasthan Royals, aim to break into top 4</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/nclt-admits-go-firsts-plea-to-initiate-insolvency-resolution/articleshow/100123886.cms">NCLT admits Go First's plea to initiate insolvency resolution</a>

Hiring for white collar jobs online declined in April says foundit Insights Tracker

<ul><li>Demand for HR professionals saw an 11% increase in the month of July this year as compared to last year.</li><li>Banking, BFSI, finance and accounts professionals continue to remain in high demand.</li><li>Tier 2 cities like <keyword id="6361828" type="General" weightage="80" keywordseo="coimbatore" source="Orion">Coimbatore</keyword> and <keyword id="5065" type="General" weightage="80" keywordseo="ahmedabad" source="Orion">Ahmedabad</keyword> were among the cities which created the highest number of jobs.</li></ul>Some companies are trying to bring their employees to office, and some others are trying to make the most of the ones working from home. As companies struggle with the issues, they are now hiring more….HR people. According to a report by <keyword id="131455" type="General" weightage="80" keywordseo="monster" source="Orion">Monster</keyword> Employment Index, the demand for HR, admin and professional roles has increased by 11% this July. The demand for HR professionals was the highest in the month of April — which saw a growth of 36% year-on-year. Apart from HR, banking, financial services and insurance (BFSI), and accounts professionals continue to be high in demand. These sectors are the most promising job creators in the country with a continuous incline in hiring activity in the past year. The sectors that are cutting jobs are those engaged in marketing and communications, sales and business development – where hiring declined by 3% and 7%, respectively. “The demand for skilled candidates in India is continuously growing and in the post-pandemic market, acquiring new skills certainly holds a lot of value. For candidates today, being tech adaptive is key irrespective of the segment with every industry adopting digital transformation to stay relevant with the global market,” said <keyword id="12137505" type="General" weightage="80" keywordseo="sekhar-garisa" source="Orion">Sekhar Garisa</keyword>, CEO at Monster.com. <cmsannotation type="cmsannotation" annotationid="Tier 2 cities hired the most" comment="subhead" text="Tier 2 cities hired the most">Tier 2 cities hired the most</cmsannotation> Tier 2 cities like Coimbatore and Ahmedabad led the charge in hiring as companies are keen on setting up bases in smaller towns to tap local talent. “Tier 2 and tier 3 cities are seeing a number of SAAS and product companies. Lower set-up costs coupled with great infrastructure, government support and access to talent from good quality institutes have proven to be great determinants in how organizations, particularly startups, are choosing to venture into smaller hubs of India,” says the Monster report. Around eight out of 13 cities saw an annual growth in hiring in July. Out of metro cities, Mumbai registered the highest number of hiring. After Mumbai, Hyderabad, Delhi, Chennai did well with an increase of 8%, 6% and 4% respectively. Bengaluru and Jaipur noted a marginal dip in the hiring activity in the last month this year. "After months of uncertainty, the Indian job market has stabilized with hiring demand holding up in July, as anticipated. This is good news at a time when most countries are tightening their belts in fear of an upcoming recession,” Garisa added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/unicorns-and-startups-should-prepare-for-a-longer-funding-winter-says-softbanks-masayoshi-son/articleshow/93433136.cms">Unicorns and startups should prepare for a longer funding winter, says SoftBank's Masayoshi Son</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/less-than-50-of-children-attentive-in-class-post-pandemic-claims-survey/articleshow/93432259.cms">Less than 50% of children attentive in class post pandemic, claims survey</a>

As companies prepare to hire and retain, they're hiring more HR professionals

<ul><li>Tailoring your resume to <keyword id="4317914" type="General" weightage="50" keywordseo="applicant-tracking-system" source="Orion">applicant tracking system</keyword> (ATS) is important for wider reach</li><li>ATS-enabled resumes increase the likelihood of your application passing the initial screening stage.</li><li>You can create an ATS-friendly resume on your own, use the services of a specialist, or even use ChatGPT to write one. </li></ul> If you have sent your resumes to several employers, and not heard back from them after the customary automated acknowledgement mail, then you are not alone. Certain jobs, especially for freshers, in sectors like IT, receive 100s of job applications and it is not possible for the hiring team to go through all the applications. So, they have a process in place to shortlist them - which is referred to as the applicant tracking system (ATS). What is an ATS friendly resume? In today's competitive job market, tailoring your resume to ATS is crucial for ensuring your application is seen by potential employers. “ATS-enabled resumes are specifically designed to be scanned and interpreted by these automated systems, increasing the likelihood of your application passing the initial screening stage,” says Manu Saigal, Director, General Staffing, Adecco India, a staffing solutions firm. ATS are widely used by companies of all sizes to streamline the recruitment process, efficiently filtering through a high volume of resumes. They analyse resumes for relevant keywords and phrases, matching them to the specific requirements of the job opening. An ATS-friendly resume ensures your skills and experience are effectively conveyed to the ATS, making it more likely to land in the hands of a hiring manager. ATS resumes have caught up because of the extensive use of AI in the hiring process. “Now, recruiters can use AI-powered search to get results personalised to their organisations. This infusion of AI has elevated the quality of candidate recommendations enabling data-driven hiring decisions, marking a paradigm shift in recruitment methodologies,” says Sekhar Garisa, CEO, foundit, a talent platform. Key features of ATS friendly resume The key characteristics of an ATS-friendly resume: Structured format: Uses a clear and consistent format with standard headings and sections. Keyword optimisation: Incorporate relevant keywords and phrases from the job description throughout your resume. Easy readability: Uses simple language, avoids jargon, and maintains clear font styles and sizes. File format: Saves your resume in PDF or ATS-compatible formats to ensure proper rendering. How to create an <keyword id="3382525" type="General" weightage="100" keywordseo="ats-resume" source="Orion">ATS resume</keyword> You can create an ATS-friendly resume on your own, use the services of a specialist, or even use ChatGPT to write one. DIY One can craft an ATS-friendly resume by utilising online resources and templates for ATS compatibility. Leverage free tools to spot keywords aligning with job descriptions, enhancing your resume's relevance. Tailor content meticulously to spotlight skills sought by employers, boosting chances with both ATS and hiring managers. Also, seek feedback from mentors or peers to refine and amplify your qualifications' presentation. “After thorough research and learning the do’s and don’ts, one can create their own ATS-compliant resume,” says Sachin Alug, CEO, NLB Services, a talent solutions company. Engage a resume specialist There are many resume services which will create an ATS friendly resume for you. Consider enlisting a resume expert for personalised guidance and expertise in creating an impactful, ATS-compatible resume. These seasoned specialists customise resumes for distinct industries and positions, setting them apart from competitors. Professional resume writers offer valuable insights into ATS optimization strategies, enhancing your resume's chances of success in applicant screening systems. Use ChatGPT You may utilise ChatGPT as a tool to enhance your resume's keyword optimisation and identify potential areas for improvement. Leverage ChatGPT's ability to generate different creative text formats of text content to explore alternative ways of presenting your skills and experience. “Use ChatGPT's suggestions as a starting point and carefully review and refine the generated content to ensure it aligns with your overall resume narrative,” says Saigal. Agrees Garisa, “While ChatGPT offers guidance and suggestions for an ATS-friendly resume, it is not a substitute for the expertise provided by a professional resume specialist.” Searching for a job is often a long process and having an ATS-enabled resume could only give you an edge.

Creating a search friendly resume – Here’s how to crack the ATS code

<keyword id="6357342" type="General" weightage="20" keywordseo="hiring" source="Orion">Hiring</keyword> activities have slowed down by 7 per cent in May compared to the same month last year mainly due to companies adopting cautious approach to cut expenses on the back of economic slowdown, a report said on Thursday. Foundit (formerly Monster APAC &amp; ME) released foundit <keyword id="15764562" type="General" weightage="80" keywordseo="insights-tracker" source="Orion">Insights Tracker</keyword> (fIT), presenting the latest findings on monthly hiring trends. The latest tracker indicates there has been a 7 per cent slowdown in hiring compared to the same time last year. However, despite the general decline, positive trends were seen in tier II cities like Ahmedabad and Jaipur. The tracker indicated that hiring activity is declining across all industries, with a 4 per cent month-over-month (MoM) decline. The report noted that this decline can be attributed to several factors like the economic slowdown, which has forced companies to cut expenses. The significant skills gap in the country has also complicated employers' hiring process by making it challenging to locate qualified candidates, it said. Further, the report stated that the ongoing technological disruption is changing industries and leading to job changes, impacting hiring activity in general. Commenting on job trends for May 2023, Sekhar Garisa, CEO - foundit, a Quess company, said, "The current hiring trend reflects the challenges faced by <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>'s job market. However, amidst these challenges, there are pockets of growth that offer opportunities for job seekers." Increased hiring in tier II cities and specific industries like shipping/marine, advertising, public relations, retail, and travel and tourism demonstrate resilience, he said. "Although the hiring environment may remain challenging in the near future, as the economy strengthens, we anticipate a surge in hiring across industries. Also, it is crucial for job seekers to be adaptable to this shifting labour market. The skills in demand today may not remain relevant in the future, emphasising the importance of continuous learning and acquiring new skills," Garisa added. foundit Insights Tracker (fIT) is based on the monthly analysis of job posting activity online across recruitment platforms. Among cities, Ahmedabad stood out witnessing an 8 per cent increase in hiring, while Jaipur also demonstrated a marginal YoY growth of 1 per cent. However, several major cities have experienced a decline in hiring including IT hub Bangalore witnessing a 24 per cent dip. This fall may be attributed to multiple factors, including the rapid automation that is replacing jobs in various industries like the IT sector. Similarly, Delhi/NCR, Mumbai, Pune, and Hyderabad also saw significant YoY declines ranging from 9 per cent to 16 per cent, underscoring the difficulties faced in the job market in these areas, the report added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/air-india-to-refund-full-airfare-to-all-passengers-affected-by-delhi-san-francisco-flight-diversion/articleshow/100847791.cms">Air India to refund full airfare to all passengers affected by Delhi-San Francisco flight diversion</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/brain-tumour-cases-rising-steadily-in-india-20-are-children-doctors/articleshow/100848073.cms">Brain tumour cases rising 'steadily' in India, 20% are children: Doctors</a>

Hiring in India slowed down by 7% in May: Foundit report

<ul><li>Sales and business development, software and electrical engineer, and marketing and communication professionals are key positions in demand. </li><li>Freshers and entry-level talent (0-3 years of experience) accounted for 49% of online <keyword id="6357342" type="General" weightage="20" keywordseo="hiring" source="Orion">hiring</keyword> intent. </li><li>Gig roles have seen a 14% increase since January 2023. </li></ul>In August 2023, the Indian tourism sector experienced a surge in demand for talent, with an annual increase of 44%. This growth can be attributed to a combination of factors, including the rise in disposable incomes and an increase in spending on both leisure and business <keyword id="6354692" type="General" weightage="20" keywordseo="travel" source="Orion">travel</keyword> within the country, reveals a report by talent platform foundit. Before the <keyword id="43587" type="General" weightage="20" keywordseo="pandemic" source="Orion">pandemic</keyword>, India's <keyword id="2173225" type="General" weightage="20" keywordseo="travel-and-tourism" source="Orion">travel and tourism</keyword> industry saw impressive growth, with a 16% increase in 2019. However, COVID-19 led to a significant decline in job postings by 47% in 2020 and another 27% drop in 2021 due to travel restrictions and lockdowns. While 2022 saw a modest 3% increase in hiring, 2023 has witnessed a strong resurgence, driven by restored public confidence in travel and government initiatives to boost tourism. India's affordable wellness industry has also played a vital role, attracting medical tourists and contributing to the industry's recovery. Sys Sekhar Garisa, CEO, foundit, “The travel and tourism industry has truly bounced back from the pandemic with a boom, driven significantly by Government initiatives focused on infrastructural development and heritage promotion. India has also opened its doors by allowing 100% FDI for tourism construction projects, and participation in the G20 summit has further bolstered sustainable tourism in the country.” <cmsannotation type="cmsannotation" annotationid="Key positions and salary levels" comment="Subhead" text="Key positions and salary levels">Key positions and salary levels</cmsannotation> In the travel and tourism industry, key positions in demand, as per foundit data, includes sales and business development (23%), software and electrical engineers (12%), and marketing and communication professionals (8%). Additionally, roles like chefs (5%) and medical representatives (5%) hold significant shares of the job market. Freshers and entry-level talent (0-3 years of experience) constituted the largest demand segment in August 2023, accounting for 49% of online hiring intent. Employers value freshers for their cost-efficiency, adaptability, and readiness to embrace evolving travel industry technologies like AI and AR/VR. Additionally, intermediate-level professionals (4-6 years) and top management (15+ years) each accounted for 14% of overall demand. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Travel job salaries at different levels </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Salaries </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Freshers </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹288,696 to ₹580,234, </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Intermediate level </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹529,516 and ₹820,734 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Management professioanls </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹12,19,515 to ₹18,55,291 </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Gig roles in demand" comment="Subhead" text="Gig roles in demand">Gig roles in demand</cmsannotation> Amid the pandemic's layoffs and economic challenges, businesses are turning to digital transformation and technology to recruit and retain employees. An emerging trend is the adoption of the gig economy model in the travel sector to address the talent deficit and meet rising tourist demand. Foundit data shows a 14% growth in gig roles since January 2023. Tourism often experiences seasonal demand fluctuations, making gig work a flexible solution, especially during peak times and special events. Gig workers help companies manage labour costs efficiently during slower periods. In the travel and tourism industry, gig roles include tour guides, translators, photographers, and event planners, hired on a per-project basis to provide specialised expertise precisely when needed. This approach enhances adaptability and cost-effectiveness in meeting variable demands.

Travel jobs go up by 44% in a year, gig roles in demand

Despite economic uncertainties, the hiring activity among startups has significantly increased in April this year, while there has been a 6 per cent decline in e-recruitment for white-collar compared to the same period in 2022, a new report said on Tuesday. According to the report by foundit (previously <keyword id="17366670" type="General" weightage="20" keywordseo="monster-india-apac" source="Orion">Monster India &amp; APAC</keyword>), there has been a 4 per cent monthly dip, indicating cautious hiring sentiments among Indian recruiters. Although some sectors like <keyword id="6356925" type="General" weightage="80" keywordseo="bfsi" source="Orion">BFSI</keyword> (+3 per cent), <keyword id="383675" type="General" weightage="20" keywordseo="travel-tourism" source="Orion">Travel &amp; Tourism</keyword> (+2 per cent), and Import/Export (+13 per cent) experienced a boost on a month-on-month (MOM) basis, other sectors, such as Logistics, Home appliances, and Oil and gas, saw a significant decline. "Although hiring has declined, there are still a plethora of job opportunities in emerging industries for job seekers. Remarkably, the Indian startup ecosystem has taken a turn, exhibiting resilience in hiring intent despite the prevailing job market challenges," said Sekhar Garisa, CEO, foundit. Moreover, the report showed that the Retail (22 per cent), Travel &amp; Tourism (19 per cent) are among the top industries exhibiting positive growth year-on-year basis, while BFSI (-4 per cent) and BPO (-13 per cent) sectors continue to be apprehensive. The overall hiring demand among startups has noted a strong 19 per cent (year-on-year) growth this April 2023 compared to the previous year. In addition, while most cities showed an overall decline in hiring, startups in Bangalore, Mumbai and Delhi hosted maximum demand for professionals. However, in the first quarter (Q1) of 2023, Indian startups raised a total of $2.8 billion in funds, a massive 75 per cent decrease compared to the same period in the previous year ($11.9 billion), as rising inflation and interest rates continue to impact investments significantly amid a deepening funding winter. There were no new unicorns created in the January-March period, compared with 14 unicorns in Q1 2022, according to a recent report by <keyword id="2779670" type="General" weightage="80" keywordseo="tracxn" source="Orion">Tracxn</keyword>, a leading global market intelligence platform. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sensex-closes-at-61761-on-fag-end-volatility-after-crossing-62000-during-the-day/articleshow/100101148.cms">Sensex closes at 61,761 on fag-end volatility after crossing 62,000 during the day</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rupee-weighed-down-strong-greenback-falls-27-paise-to-close-at-82-05/usd/articleshow/100101208.cms">Rupee weighed down strong greenback, falls 27 paise to close at 82.05/USD</a>

Hiring in startups up in April, despite 6% annual drop in e-recruitment: Foundit report

<ul><li>Average salary paid to freshers is the highest in Bangalore at ₹5.06 lakh per annum and is followed by Delhi NCR at ₹4.48 lakh and Mumbai at ₹4.25 lakh. </li><li>92% freshers are required to work out of office, as demand wanes for those looking to work from home. </li><li>The top 5 industries that account for the maximum <keyword id="-780" type="General" weightage="20" keywordseo="jobs-for-freshers" source="Orion">jobs for freshers</keyword> include IT-software, software services (19% share), BPO/ITES (10% share), education (5% share), and healthcare (4% share). </li></ul>Bengaluru is not just good for its temperate climate, but it is also the best city when it comes to fresher salaries. As demand for freshers continues to be strong across cities in 2023, data shows that the garden city is the best paying at ₹5.06 lakh, followed by Delhi NCR at ₹4.48 lakh and Mumbai at ₹4.25 lakh. Bengaluru is also the top location for fresher hiring with the highest salary packages. The city’s share is the highest at 12.4% in job postings for freshers, followed by Mumbai (12.1% share). Notably, fresher hiring was highest in metropolitan cities in India – Delhi/NCR (9% share), Pune (8% share), Chennai (7% share), and Hyderabad (7% share) were among the top locations hiring freshers. Across segments, the recruitment/staffing industry (22% share) held the highest demand share for entry-level professionals. The top 5 industries that account for the maximum jobs for freshers include IT-software, software services (19% share), BPO/ITES (10% share), education (5% share), and healthcare (4% share). Recruiters in Indian IT are particularly on the hunt for tech talent adept in skills related to cloud computing, data science, artificial intelligence, and cybersecurity. However, soft skills, communication, problem-solving abilities, and critical thinking abilities are also considered important. According to talent platform foundit, demand for freshers has increased by 4% over the last six months and the highest share of job postings for freshers came from recruitment/staffing industry. Interestingly, 92% of the fresher roles posted on the platform required them to be in office. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">City </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Entry-level salary </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bangalore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5.06 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Delhi/NCR </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.48 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.25 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kolkata </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3.98 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chennai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.43 lakh </td></tr></tbody></table> Back to the pre-Covid normal Companies have been struggling to bring back employees to offices, after allowing their workforces to work from home in the last three years. Financial services behemoths revoked policies on WFH some time last year as the regulator cracked the whip. However, other companies have found it hard to convince employees to return to work all five days of the week. While some industries continue to embrace remote and hybrid work models, there is a growing trend of more companies getting back to the office, embracing a pre-Covid normal. The remaining job postings were for hybrid (4.2% share) and work-from-home (3.8%) job roles. Companies are looking at entry level employees now more so because several options of reskilling are available today that help graduates prepare for industry jobs. India Inc’s initiatives to upskill freshers have helped improve the market for this category of talent. Speaking on the need for skilling, Sekhar Garisa, CEO, foundit said, “Improved initiatives for skill development in the educational system can close the employability gap in the Indian market. The initiatives of India Inc have also been crucial in bridging the skill gap among freshers. To provide career development support and offer skill-based certifications to entry-level professionals in India, we at foundit are launching the second edition of Aspire — our virtual career fair for freshers and young professionals from 31 May to 2 June 2023. The career fair will connect job seekers with top employers in India and bring together credentialed candidates for these employers.”

Maximum City: Highest number of entry level jobs In Bengaluru & it pays freshers more than other metros

<ul><li>The ongoing global economic contraction has trickled down to India with recruiters adopting a cautious approach to hiring.</li><li>India saw a 6 per cent drop in hiring activity (year-on-year) in October</li><li>Month-on-month job postings also saw a 5 per cent decline in the country.</li><li>Amid the slow down, jobs in automation showcased an increase (34 per cent) in hiring activity with companies maximising efficiency and productivity through tech.</li></ul>India saw a 6 per cent drop in hiring activity (year-on-year) in October, amid changing patterns in the start-up ecosystem, funding winter and fears of an upcoming recession, a report showed on Tuesday. Month-on-month job postings also saw a 5 per cent decline in the country. However, with companies ramping up internal initiatives to facilitate growth and government interventions in promising sectors, hiring projections for the coming months are expected to pick up, according to Monster Employment Index. The ongoing global economic contraction has trickled down to India with recruiters adopting a cautious approach to hiring. Amid the slow down, jobs in automation showcased an increase (34 per cent) in hiring activity with companies maximising efficiency and productivity through tech. Similarly, industries such as banking and finance and telecom did well, with technology driving innovation and growth in both sectors. Artificial intelligence and Blockchain are transforming the BFSI sector, while the onset of 5G is transforming the growth of telecom. "While macroeconomic conditions have pushed companies to adopt a watchful approach to hiring, the need for skilled talent is unlikely to ever go away. Hence, it is important that today's workforce upskill and reskill themselves on an individual and organisational level," said Sekhar Garisa, CEO, Monster.com, a Quess company. Tier 2 cities such as Coimbatore and Ahmedabad posted a marginal incline in job activity on an annual basis whereas demand fell in major metropolitan cities of India. Among tier 1 cities, hiring remained stable in Mumbai whereas metros such as Bangalore, Kolkata, Delhi-NCR and Hyderabad posted a downward trend in recruitment activities. Industries such as BPO/ITES and Media and Entertainment continued to demonstrate a declining hiring trend from the year-ago level. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/four-ipos-worth-5000-crore-to-open-this-week-all-you-need-to-know/articleshow/95361401.cms">Four IPOs worth ₹5,000 crore to open this week: All you need to know</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/policybazaar-operator-pb-fintechs-q2-loss-narrows-to-187-crore/articleshow/95361316.cms">Policybazaar operator PB Fintech’s Q2 loss narrows to ₹187 crore</a>

India saw 6% decline in hiring in October amid funding winter: Monster report

<ul><li>A 64% month-on-month growth was reflected in green job postings in January. </li><li><keyword id="16662791" type="General" weightage="20" keywordseo="Sustainability-managers" source="Orion">Sustainability managers</keyword>, <keyword id="6270207" type="General" weightage="20" keywordseo="environmental-consultants" source="Orion">environmental consultants</keyword>, <keyword id="16662790" type="General" weightage="20" keywordseo="ESG-analysts" source="Orion">ESG analysts</keyword>, safety specialists and design engineers are the jobs in high demand. </li><li>The automobile industry has also seen a rise in demand for green professionals. </li></ul>According to job search portal foundit (formerly Monster APAC &amp; ME), India’s commitment to achieving a 500-gigawatt clean energy target by 2030 has led to an 81% annual increase in demand for <keyword id="472014" type="General" weightage="20" keywordseo="green-jobs" source="Orion">green jobs</keyword> in January, with metropolitan cities leading the charge. Investments in the green sector have also proliferated compared to conventional fuel-based projects, enabling the creation of substantial jobs across the sector. Moreover, a 64% month-on-month (MoM) growth was reflected in green job postings, with industries such as industrial products, heavy machinery and waste management hosting the maximum share in hiring demand. This is an all-time high for green job postings on the foundit platform with both private and public sector companies integrating ESG (environmental, social and governance) practices as a central part of their business operations and transitioning to clean energy practices. Says Sekhar Garisa, CEO, foundit, “With an allocation of ₹35,000 crore of priority capital investment towards achieving net zero by 2070, the commitment towards addressing climate change and building a sustainable future is evident. India’s solar and wind energy sectors are adding thousands of workers to new projects and will continue to create steady employment opportunities. However, the enormous demand for green roles is quickly outpacing the availability of skilled talent required in these fields. Hence, consistent and intelligent upskilling and development is crucial to create an efficient green workforce in the coming months.” According to the report, among job roles, sustainability managers (26%) are highest in demand as companies across construction and manufacturing consciously try to account for the environmental impact of their activities. Other roles in demand include environmental consultants (11%), ESG analysts (17%), safety specialists (15%), and design engineers (9%). These emerging jobs are the outcome of the growing number of corporations in India recruiting a skilled workforce trained in climate action to facilitate technological shifts and structured financing mechanisms to finally achieve net-zero emissions. Environmental service and waste management industries experienced an astounding 1,765% annual growth in hiring activity. This surge can be attributed to the growing consciousness among Indian companies to safeguard natural resources and ensure proper waste disposal. Moreover, increased emphasis on addressing the pressing issue of rapid urbanisation in India has led to a significant increase in solid waste management initiatives. The automobile industry (307%) has also seen a rise in demand for green professionals. With active measures being taken to cap transport emissions – such as designing sustainably, making better use of manufacturing resources, and sourcing ethically and responsibly – auto manufacturers are also investing heavily in electric vehicles (EVs) to reduce their environmental impact. Moreover, the EV market is gearing up to downsize vehicle emissions, making it one of the fastest-growing markets in the country. Additionally, the demand for green professionals is high in chemicals, petrochemicals, plastics, and rubber (220%) industries followed by FMCG (42%) and construction (30%). Considering the rapid growth in green jobs, there is an urgent need to create a workforce adept in newer skills, many of which are related to technology. The report points out that today's workforce needs to upskill to meet the rising demand as organisations scout for skilled talent in AI (artificial intelligence), automation, IoT (internet of things) and other emerging tech. With the demand-supply crunch that exists in the market today, an expansive and inclusive curriculum that focuses on climate tech, green entrepreneurship and sustainability holds the potential to build a productive green economy in India with sectors such as solar energy, electric mobility, and e-waste expected to create the most jobs in the future, foundit said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/adani-groups-combined-market-cap-crosses-8-lakh-crore/articleshow/98302675.cms">Adani Enterprises zooms 14% as seven group stocks surge – Adani group’s combined market cap crosses ₹8 lakh crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/citroen-ec3-vs-tata-tiago-ev-comparison-price-features-and-more/slidelist/98298272.cms">Citroen eC3 vs Tata Tiago EV comparison: Price, features and more</a>

India Inc. sees 81% annual increase in green jobs in January: foundit

Online job platform <keyword id="188512" type="General" weightage="20" keywordseo="monster-com" source="Orion">Monster.com</keyword> on Wednesday said that it has raised Rs 137.5 crore in a funding round led by <keyword id="6491998" type="General" weightage="20" keywordseo="mohandas-pai" source="Orion">Mohandas Pai</keyword> of Meridian Investments and Akash Bhanshali of Volrado Venture Partners, with participation from Quess, its parent company. The online talent platform said that the funds will be utilised towards enhanced investments on product development and marketing in India, SEA and Middle-East markets. Post the funding, Monster.com is now valued at $100 million. "The last year has been incredible for the company, achieving very healthy growth across all metrics. We have an exciting product and business road map in line with our view on how hiring will evolve in the next few years," said Sekhar Garisa, CEO, Monster.com, APAC &amp; ME. In 2018, Quess Corp acquired Monster.com's businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the UAE and Kingdom of Saudi Arabia. According to Pai, the next two years will see a huge increase in available jobs, thanks to high economic growth, and job seekers will find a high-quality platform to plan their careers. "As employers also prepare for a new decade and an employee-first mindset, the platform will help them create a differentiated experience and build deeper relationships with their teams from day one," Pai said. Monster.com has over 60 million active users in India. "Quess acquired Monster for an investment of Rs 145 crore and embarked on a 'Digital First' journey with the objective of creating long-term value for our shareholders and clients," said Ajit Isaac, Executive Chairman, Quess. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/check-out-snapdeal-top-executives-like-kunal-bahl-rohit-bansal-salary-for-year-2021/slidelist/88426612.cms" data-type="tilCustomLink">Snapdeal cofounders Kunal Bahl and Rohit Bansal will take home up to ₹5 crore in salaries from this year</a> <a href="https://www.businessinsider.in/tech/enterprise/news/apple-and-its-patents-in-2021-heres-what-the-tech-giant-could-bring-to-you-in-the-future/articleshow/88426551.cms" data-type="tilCustomLink">Apple and its patents in 2021: Here’s what the tech giant could bring to you in the future</a> <a href="https://www.businessinsider.in/science/space/news/scientists-find-more-evidence-of-possible-life-on-venus/articleshow/88425043.cms" data-type="tilCustomLink">Scientists find more evidence of possible life on Venus</a>

Job hunt platform Monster.com raises ₹137.5 crore from Mohandas Pai, others

<ul><li>A positive outlook in the hiring trend was seen only after April when India was struggling with the fatal second wave of virus infections.</li><li>Most of the sectors in India, which were badly affected by the COVID-19 pandemic, also showed a strong positive recovery post the pandemic phase.</li><li>Production/Manufacturing and Banking, Financial Services and Insurance (BFSI) emerged as the most actively hiring sectors in 2021, registering a 31% increase in e-recruitment activity.</li></ul>The year 2021 can be marked as the phase of improvement and recovery after the setback of the COVID-19 pandemic. The impact spanned across industries and markets, also weakening the online job demand. A positive outlook in the hiring trend was seen only after April when India was struggling with the fatal second wave of virus infections. However, as per Pawan Goyal, the chief business officer of the employment website Naukri.com, hiring between January and November 2021 saw year-over-year growth of 60% in India. Most of the sectors in India, which were badly affected by the COVID-19 pandemic, also showed a strong positive recovery post the pandemic phase. A positive growth trend has been observed on a national level since May 2021. <cmsannotation type="cmsannotation" annotationid="IT, manufacturing, BFSI sectors saw the maximum growth in terms of workforce expansion" comment="subhead" text="IT, manufacturing, BFSI sectors saw the maximum growth in terms of workforce expansion">IT, manufacturing, BFSI sectors saw the maximum growth in terms of workforce expansion</cmsannotation> “Production/Manufacturing and Banking, Financial Services and Insurance (BFSI) emerged as the most actively hiring sectors in 2021, registering a 31% increase in e-recruitment activity. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sector </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year-on-year growth </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Telecom/ISP </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Automotive/Ancillaries/Tyres </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IT - Hardware, Software </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">23% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BPO/ITES </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="3">Edit</td></tr></tbody><tbody><tr id="last-child" class="last-child"><td contenteditable="false" colspan="3">Edit</td></tr></tbody></table> Telecom/ISP sector followed closely charting 27% growth, while Automotive/Ancillaries/Tyres industry, IT - Hardware, Software and BPO/ITES industry recorded 25%, 23% and 18% growth respectively”, said Sekhar Garisa, chief executive officer (CEO) of Monster.com, another job and employment platform. The automotive sector saw a rise in job postings even when the sector was in slowdown.“ Vehicle launches in hybrid, EV and SUV segments are all gaining traction thereby increasing customer interest and demand. Companies are sitting on advance orders running anywhere from a 2-9 month waiting period for some models, some of which are also accentuated by the global chip crisis. Hence, organisations are hiring due to this enhanced demand, which once the chip crisis is behind us, will show up in automobile sales numbers. ” said Lohit Bhatia, president - workforce management at Quess Corp. Other than IT, manufacturing and BFSI sectors, e-commerce, retail also picked up pace in hiring this year, as there was a rapid improvement in consumer sentiment. <cmsannotation type="cmsannotation" annotationid="Hospitality, Travel and Tourism remained as one of the least growing sectors" comment="subhead" text="Hospitality, Travel and Tourism remained as one of the least growing sectors">Hospitality, Travel and Tourism remained as one of the least growing sectors</cmsannotation> The imposition of lockdown during the second wave led to a halt in outings, tours, vacations and all types of travel in general. “Hospitality sector, travel and tourism and aviation sector remained one of the most severely affected sectors,” Ajay Thomas, business head at TeamLease Services, told Business Insider. He said, “The travel and tourism sector that employs millions of Indians started bouncing back after the first wave, but little did they know that COVID-19 would be back for the second round of devastation. Aviation and other travel sector establishments faced a massive struggle during the pandemic.” Overall annual growth of the medical/healthcare sector was also slow as compared to other sectors. “ Annual growth was comparatively slower for sectors like Medical/Healthcare and Pharma/Biotech. These two sectors were at the forefront during the pandemic, and demand was not as impacted in 2020 when compared to other industries, thus their growth trajectory, while positive, was not as steep,” said Goyal of Naukri.com. <cmsannotation type="cmsannotation" annotationid="Hiring of freshers" comment="subhead" text="Hiring of freshers">Hiring of freshers</cmsannotation> The year 2021 saw opening the door of opportunities for recent graduates or freshers once again. Overall there was a growth of 12% in freshers hiring this year as compared to the last year, according to Garisa of Monster.com. Sectors like IT, software-hardware hired the maximum number of freshers this year, while, BPO, call centre, customer service demonstrated subdued demand for freshers. <cmsannotation type="cmsannotation" annotationid="Overall hiring trend for experienced professionals" comment="subhead" text="Overall hiring trend for experienced professionals">Overall hiring trend for experienced professionals</cmsannotation> According to Goyal, hiring for senior professionals with 8-12 years experience saw the highest uptick across all levels followed by mid-management professionals with 4-7 years experience. <cmsannotation type="cmsannotation" annotationid="Bangalore saw the maximum growth and Delhi saw the least among metro cities" comment="subhead" text="Bangalore saw the maximum growth and Delhi saw the least among metro cities">Bangalore saw the maximum growth and Delhi saw the least among metro cities</cmsannotation> According to Monster.com, all the metros except Kolkata charted double-digit growth. Bangalore led with a 42% point rise, tailed by Chennai (30%), Pune (29%), Hyderabad (24%), Mumbai (20%) and Delhi-NCR (18%) this year as compared to last year. <cmsannotation type="cmsannotation" annotationid="Ahmedabad saw the maximum growth among non-metros" comment="subhead" text="Ahmedabad saw the maximum growth among non-metros">Ahmedabad saw the maximum growth among non-metros</cmsannotation> Ahmedabad recovered the fastest among Tier 2 cities, growing by 90% annually, followed by Chandigarh (40%), Kochi (39%). While Jaipur saw the least growth with 29% followed by Coimbatore (35%) and Vadodara (37%). <cmsannotation type="cmsannotation" annotationid="Attrition rate among different sectors" comment="subhead" text="Attrition rate among different sectors">Attrition rate among different sectors</cmsannotation> Various studies show that the attrition rate in India rose from 10% in 2020 to 20% in 2021. Attrition rate means the number of employees leaving the organisation or company. The IT sector in India witnessed the highest attrition rate in the year 2021 as compared to other sectors. Whereas, the media and entertainment industry enjoyed the least attrition rate this year, according to Monster.com. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/british-neobank-tide-wants-to-hire-600-techies-and-business-execs-in-hyderabad-and-gurugram/articleshow/88392005.cms">British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/covishield-vaccine-not-as-effective-after-three-months-so-consider-booster-shot-says-lancet-report/articleshow/88404738.cms">Lancet article makes a case that those who took Covishield vaccine need booster shots</a>

Thank these sectors for the biggest rise in formal jobs this year so far

<ul><li>In the last few months, stories of job candidates <keyword id="2928356" type="General" weightage="20" keywordseo="ghosting" source="Orion">ghosting</keyword> their potential employers before the joining date are growing on the internet.</li><li>Now, employers are taking to public platforms like <keyword id="28120" type="General" weightage="20" keywordseo="linkedin" source="Orion">Linkedin</keyword> and Twitter to call out these runaway candidates who disappear without a word.</li><li>We speak to recruiting and staffing platforms to find out the reason behind this increased rate of dropouts before the joining date and how employers can move on after being ghosted.</li></ul>You meet them for a cup of coffee. You can guess that things are going well from the way they talk about their dreams and life goals. You start picturing your future together, hoping they would accept your offer. Just then, they respond to your email, “Thanks for extending the offer, I am delighted to accept it. I’ll put in my resignation letter today and I look forward to working with you in two months.” However, two months later, they stop replying, block you on social media platforms and just disappear before the joining date without saying a word. Sorry to break it to you, but dear employer, you are being ‘ghosted’ by your job candidate. <div type="image" title="why-you-gotta-ghost-on-me-why" msid="90868708" hostid="261"></div> Originally coined in the world of online dating, ghosting occurs when someone disappears from a relationship without warning. In the workplace, ghosting refers to one party vanishing from the interview process without a trace. This phenomenon of ghosting is creating new headaches for employers in a tight labour market marked by the great <a href="https://telanganatoday.com/indian-it-industry-hit-by-great-resignation#:~:text=Some%20of%20the%20major%20causes,get%20to%20work%20on%20the">resignation</a>. Employers are still searching for their long-lost virtual ghosts After the pandemic, the hiring process has moved online and there’s no human interaction with the prospective employers, making it easier for candidates to vanish and become untraceable. Before the pandemic, the acceptance rate after the offer was rolled out used to be about 80%, which has dropped in general to 60% acceptance now, says Anshuman Das, chief executive officer (CEO) and cofounder of talent solutions provider Careernet. “Also, pre-pandemic the ratio of accepted to joining was almost about 80% and now it has dropped to 55-60% in India.” Another poll by recruitment platform Naukri revealed that when it comes to having multiple job offers, 56% job seekers believe it’s okay to reject their current offer if there is a better offer on the table. Sharing why ghosting is becoming more common now, Sharmeen Khalid, chief human resources officer, Naukri.com, says, “There is a pent up demand post-Covid due to which there is an increase in the number of opportunities available for job seekers as the job market continues to show strong signs of recovery. Due to these trends, getting a job offer sitting from the comforts of home, within a very short period has become a realisable possibility. This has led to many job seekers getting multiple job offers, which is leading to offer refusals, employees absconding, ghosting etc.” Is it ethical to call out runaway employees publicly? It is also before the appraisal process that many candidates start looking for better opportunities and reshuffling in organisations begins. There has been a 15% rise in employees looking out for a job change during this appraisal season, finds <a href="https://economictimes.indiatimes.com/jobs/15-rise-in-job-applications-during-appraisal-months-report/articleshow/90558161.cms?from=mdr">data </a>from Spectrum Talent Management. There’s also a clear upward trend in talent demand. As per Naukri’s <a href="https://www.naukri.com/blog/understanding-hiring-trends-with-naukri-jobspeak-report-march-2022/">JobSpeak </a>Index, there have been steady signs in hiring activity over the last two quarters with 16% year-on-year growth in March 2022. With this increase in demand, candidates now have an upper hand to reclaim a measure of power in a situation that has favoured employers for decades. While the practice of ghosting itself is not new to corporations, it does appear to be more widespread than ever before as job openings outpace job seekers after a long lull, turning the tables around. As a result, hiring and retention have become great challenges for employers across different onboarding stages. These frustrated employers and their HR representatives are using social media platforms to <a href="https://www.linkedin.com/feed/update/urn:li:ugcPost:6915624999139627008?updateEntityUrn=urn%3Ali%3Afs_updateV2%3A%28urn%3Ali%3AugcPost%3A6915624999139627008%2CFEED_DETAIL%2CEMPTY%2CDEFAULT%2Cfalse%29" data-type="tilCustomLink">call out runaway</a> candidates with the hashtags #hiringwoes and #ghosting. <div type="twitter" handle="beastoftraal" handlename="Karthik 🇮🇳" image="http://pbs.twimg.com/profile_images/1140493276316745734/WH-6N17h_normal.jpg" favoritecount="247" retweetcount="31" status="Social/Public shaming as a way to instill fear in candidates? The first pic's candidate deleted their LinkedIn prof… https://t.co/KmmAtogtK9" createdat="1649566524000" id="1513017782698319873"></div> Staffing and business services Quess Corp’s chief human resources officer Ruchi Ahluwalia says that calling out candidates on a public platform such as LinkedIn may not be ethical as its breach of confidentiality between a candidate and organisation. Instead, she suggests, “Calling out in public forums will not give the right message about the organisation. Candidates can be marked out in the internal organisation database, so in future there are possibly no opportunities for them with that organisation.” HR business partner at talent consulting firm Never Grow Up Manali Parekh says this trend of using the internet to publicly name runaway candidates puts the company in a bad light. “Calling a candidate out publicly feels a little extreme. On a human level, we need to ask ourselves if there could be another reason apart from monetary benefits that a candidate has ghosted a potential employer, look at multiple factors including their health, location, sudden change in social circumstances and mental health, which could play a role in why a hiring manager has been left in the dark. Tightening one’s hiring process, maintaining a database of candidates who have ghosted you in the past and committing to a ‘no-ghosting’ policy within the company will benefit your business in the long run.” If an employer calls out a candidate on a public platform, they should also be prepared for it to backfire. “If a company calls out a candidate saying you backed out of a contract, some candidates will start sharing their unethical practices, too. All these conversations should not be brought on social media,” says Das of Careernet. Reasons why employers are ghosted and how can they avoid it As per Google trends, the query ‘how to shop for jobs’ saw its peak between March 27 and April 02, 2022 in India. On a scale of 0 to 100, this query scored 67 between this period. <div type="image" title="pasted image 0 (3)" msid="90868742" hostid="261"></div> While the allure of a better pay package, attractive benefits, comprehensive healthcare and flexible work hours could all be possible factors for why candidates ghost companies, experts told Business Insider India that it is not just compensation. Highlighting that this is a trend among younger groups who are known to be more vocal, Sekhar Garisa, CEO of recruitment and job search firm Monster India says, “Demand-supply gap leads to competing offers and typically candidates negotiate based on the current offer and so end up getting better offers than the first one. Secondly, lack of post-offer engagement leads to candidates not establishing a connection with the prospective organisation. Third, feedback from former and current employees, which may not be positive and increased retention efforts from their current organisation to hold employees back post-resignation. Also, young candidates often reject a company citing work culture not being as per their liking.” According to Google <a href="https://trends.google.com/trends/explore?geo=IN&amp;q=how%20to%20say%20no%20to%20boss">trends</a>, the query ‘How to say no to your boss’ saw its peak this week in India. Saying no to your boss or potential employer is a difficult thing, especially if you’re in the early stages of your career or if you’re passionate about your job. Ahluwalia believes that this hesitance is also one of the reasons why candidates find it easier to leave without saying goodbye. “In some cultures especially in India, direct refusals, such as saying the word “no”, might be interpreted as rude and impolite. Refusal often leads to disagreements or disputes, which one tries to avoid.” Young internet users who have developed shopping cart syndrome, the mindset of putting items in the cart, also like to keep various job options some of which they don’t even need or are unsure of, says Ahluwalia, adding that this practice of <keyword id="12154639" type="General" weightage="20" keywordseo="job-shopping" source="Orion">job shopping</keyword> adds to gratification and self-esteem. To avoid being ghosted and embarrassing themselves by ranting about a candidate later on public platforms such as LinkedIn, companies need to have a very strong recruitment process including a compelling employer value proposition that differentiates them from others. The disappointment of people picking up the offer and not joining in at the last moment, that percentage in the US, even in this hot market, is not more than 10%, says Das. He points out that there is one major difference between these two markets. In India, the notice period is between 30-60 days. In the US, the notice period is just 15 days, leaving very little window for candidates to shop for job offers and plot their runaway plans. Experts also said that companies should focus on having a healthy and robust pipeline of alternate candidates so they can manage such situations better. Khalid of Naukri.com advises, “The candidate experience process needs to be transformed so that the candidate gets the confidence that he/she is getting a great opportunity. There should be transparency in the hiring process so that candidates trust the recruiters and share all details with respect to other offers, expectations, etc.” The internet gives job seekers the power to call out an employer for following unethical practices and also to disappear if they are being treated poorly. To avoid being ghosted, employers must build an inclusive and transparent environment where employees feel heard and fairly compensated. “It is important to lead by example and display values such as inclusivity, transparency and trust across the organisation through your existing employees, the practices you follow, the policies you build and the social presence that you have. This will enable candidates to prioritise an organisation’s culture over the CTC [cost to company] that they’ve been offered,” says Parekh. She adds, “And finally, do not ghost your candidates. After all, you know the saying - karma will eventually bite you back.”

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