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New Indian Express
a day ago
- Business
- New Indian Express
'Gen AI' knowledge now increasingly demanded in job postings: Report
BENGALURU: It's not just information technology companies, now job roles across various sectors demand generative AI knowledge. Regional hubs have emerged for jobs that either use or help develop generative AI. In Karnataka, about 2.4% of job postings mention generative AI, ahead of 2.3% in Telangana, according to recent data from global job matching and hiring platform Indeed. Maharashtra has the second-largest volume of generative AI opportunities and the largest volume of total job opportunities, but it's mentioned in just 1% of job postings, the platform said. On Friday, Indeed released its report for the month of May that says job postings have rebounded strongly during the month, up 8.9%, following eight consecutive monthly declines. However, they are 1.8% lower than a year ago. Indeed's data shows that, as of May 2025, 1.5% of Indian job postings explicitly mention generative AI in their job descriptions, more than doubling over the past year. Generative AI opportunities are now increasingly widespread as about 12.5% of data analytics roles mention generative AI, ahead of software development (3.6%) and scientific research (3.1%). It's also commonly mentioned across a range of office roles, including marketing (1.1% of job postings) and management (0.9%). Callam Pickering, Indeed's APAC Senior Economist, said, "Indian job creation continues to outpace other countries because of the nation's transition towards more formal economic arrangements." "As the nation transitions, job creation across the formal sector will be much stronger than overall employment growth nationwide, and we have consistently seen that in recent years. Other economies are not going through a transition of this nature," he added. Though software development opportunities have declined recently, the sector continues to have the largest volume of job opportunities on the platform, as it accounts for around one-in-five Indian job postings. It highlights how prominent the tech sector has been to India's emerging formal sector, with multinationals trying to tap into the country's large talent pool. The report also mentions that job postings in around 80% of occupations in India increased over the past three months. Gains were largest in childcare (27%), personal care & home health (25%), education (24%), and production & manufacturing (22%).
Time of India
a day ago
- Business
- Time of India
Job creation in India outpaces other countries, but still lower than last year: Indeed data
Indian job postings rebounded strongly in May, up 8.9 per cent , following eight consecutive monthly declines, according to data from hiring platform Indeed. However, they are 1.8 per cent lower than a year ago and around 16 per cent below their peak. Despite trending downwards recently, Indian job postings are almost 80 per cent above pre-pandemic levels, ranking highly compared with other major markets for the platform, although it isn't a like-for-like comparison. Several countries, led by the UK, New Zealand and Switzerland, have posted volumes that are currently below pre-pandemic levels. By comparison, India's posting volumes are healthy. 'Indian job creation continues to outpace other countries because of the nation's transition towards more formal economic arrangements,' said Callam Pickering, Indeed's APAC senior economist. 'As the nation transitions, job creation across the formal sector will be much stronger than overall employment growth nationwide, and we have consistently seen that in recent years. Other economies are not going through a transition of this nature.' Job postings in around 80 per cent of occupations in India increased over the past three months. Gains were the largest in childcare (+27 per cent ), personal care and home health (+25 per cent ), education (+24 per cent ), and production and manufacturing (+22 per cent ). These gains more than offset some weakness in sectors like dental opportunities, down 10.2 per cent over the past three months, along with agriculture and forestry (-8.6 per cent ), community and social service (-6.8 per cent ) and software development (-4.2 per cent ). While software development opportunities have declined recently, the sector continues to have the largest volume of job opportunities on Indeed, accounting for around one-in-five Indian job postings. It highlights how prominent the tech sector has been in India's emerging formal sector, with multinationals trying to tap into India's large talent pool. Further, the data shows that, as of May 2025, 1.5 per cent of Indian job postings explicitly mentioned generative AI in their job descriptions, more than doubling over the past year. Generative AI opportunities are concentrated in the tech sector but are increasingly widespread. Around 12.5 per cent of data analytics roles mention generative AI, ahead of software development (3.6 per cent ) and scientific research (3.1 per cent ). It's also commonly mentioned across a range of office roles, including marketing (1.1 per cent of job postings) and management (0.9 per cent ). Regional hubs have emerged for jobs that either use or help develop generative AI. In Karnataka, 2.4 per cent of job postings mention generative AI, just ahead of 2.3 per cent in Telangana. Maharashtra has the second-largest volume of generative AI opportunities and the largest volume of total job opportunities, but it's mentioned in just 1 per cent of job postings. Job creation across India's formal sector remains strong and rose sharply during May. This continues to facilitate a shift from lower-productivity to higher-productivity work as workers transition into the sector. While there is no shortage of workers in India, finding the right set of skills continues to be challenging in some cases.
Independent Singapore
01-05-2025
- Business
- Independent Singapore
Geopolitical and economic uncertainty may impact job creation in Singapore for the remainder of 2025, economist says
SINGAPORE: Singapore's employment growth slowed in the first quarter of 2025 (Q1 2025), with just 2,300 people added to the workforce. This was much lower than the 7,700 jobs created in the last quarter of 2024 and also below the 3,200 added during the first quarter of last year. Callam Pickering, APAC senior economist at Indeed, said, 'Singapore's job market remains tight, but employment growth is showing signs of softening. Geopolitical and economic uncertainty may weigh upon the Singapore economy over the remainder of the year, impacting job creation.' He explained that the latest numbers marked the weakest quarterly gain since the post-pandemic recovery began. In the March quarter, employment gains, excluding migrant domestic workers, were less than a third of the previous quarter's gains and lower than the same period a year ago. While employment dropped in industries such as professional services, manufacturing, and information and communications, it was offset by growth in healthcare and financial services. Mr Pickering noted, 'Softer outcomes in export or outward-oriented sectors may be a taste of things to come – these industries are likely to be hit hardest by a US-led trade war.' He also pointed out that an uncertain business environment, both regionally and globally, makes it difficult for Singapore businesses to plan ahead and assess their staffing needs. However, forward-looking measures of labour demand, such as job vacancies and Indeed job advertisements, remain elevated and should support employment growth in the near term. Despite the rise in unemployment, Mr Pickering noted that labour market conditions in Singapore remain tight. The resident unemployment rate rose to 2.9% in the March quarter, up from 2.8% in December, while the citizen unemployment rate increased to 3.1% from 2.9%—figures which the Ministry of Manpower (MOM) described as 'within the non-recessionary range'. Overall, unemployment stood at 2.1%, up from 1.9%. Mr Pickering attributed the rise in unemployment to subdued employment growth, rather than retrenchments. 'In fact, the retrenchment rate remains quite low, highlighting the ongoing resilience of Singapore's business sector and overall economy,' he said. According to MOM data, retrenchments fell to 3,300 in Q1 2025, down from 3,680 in the previous quarter. The retrenchment rate also remained low at 1.3 per 1,000 employees, a slight drop from 1.5 in the last quarter of 2024, with only a small proportion of retrenchments attributed to recession or downturn. Mr Pickering added, 'Singapore businesses are understandably more cautious and we are beginning to see that across a range of economic indicators. The economic outlook isn't as strong as it was even a few months ago and that will weigh upon the hiring decisions of employers.' He also pointed out that while Singapore's labour market is still very tight, tighter than most countries, it is likely to loosen over the remainder of the year. However, he noted, 'We must also acknowledge that the Singapore and global economies are operating in an unusually uncertain environment and Singapore businesses will need to be nimble while managing those risks.' /TISG Read also: Singapore sees over 66% jump in flexible job postings compared to last year Featured image by Depositphotos (for illustration purposes only)
Independent Singapore
24-04-2025
- Business
- Independent Singapore
Singapore sees over 66% jump in flexible job postings compared to last year
Photo: Depositphotos/subinpumsom(for illustration purposes only) SINGAPORE: Opportunities for flexible work in Singapore have risen, with over 66% of job postings mentioning terms like 'work from home' or 'work remotely' between March 2024 and March 2025, reports Singapore Business Review, citing data from job platform Indeed. However, this growth has not been evenly spread across all sectors. Roles in security and public safety went up by 24%, while scientific research positions increased by 16%. Other areas that saw growth included logistic support, which rose by 10.9%, and data analytics, which went up by 10.8%. Meanwhile, flexible work opportunities dropped sharply in certain job sectors. Cleaning and sanitation jobs fell by 43%, while childcare and driving both dropped by 27%. Loading and stocking roles were also down by 26%. APAC senior economist Callam Pickering at Indeed noted that Singapore's labour market remains 'undeniably tight' overall, with an unemployment rate of just 1.9%. Despite this, the country still faces skill shortages. He said that while the most severe shortages have eased in the past year, many roles remain hard to fill. Pickering said that ongoing geopolitical tensions and economic uncertainty would likely weigh on job creation in the city-state, adding, 'Global growth is likely to be much lower than was expected even a couple of months ago.' Last November, it was reported only 16% of Singapore employers support full remote work. However, 76% continue to provide hybrid options, as workplace flexibility remains a key factor in attracting and retaining employees. /TISG Read also: 2025 Future Jobs Report: 4 in 10 employers to cut workforce due to AI, but expert says jobs will just have 'evolved versions' Featured image by Depositphotos (for illustration purposes only)
Yahoo
16-04-2025
- Business
- Yahoo
Staggering salary Aussies need to feel 'comfortable': 'Double average wage'
Aussie households need to earn more than double the median annual salary in order to feel "comfortable". The majority of Aussie workers say they are struggling to make ends meet with their current pay cheque, as wages lag behind the rising cost of living. Households now need an income of $164,403 just to cover their 'basic needs' in the current economic climate, a new survey by Indeed found. To actually feel "comfortable", nearly a third said they would need to be earning more than $200,000. A Yahoo Finance poll of more than 9,000 readers similarly found 25 per cent of people thought they needed to earn more than $200,000 to live comfortably. RELATED Aussie quits 'rough' full-time job to make $3,803 a week as a cleaner: 'Earning so much more' ATO warning for every Aussie who plays lottery after $70 million Oz Lotto jackpot Rare 50 cent coin worth 80 times more: 'Keep your eyes out' For those living alone and in single-income households, Indeed found that they would need to earn $126,278 just to meet their basic needs. These figures fall significantly short of Australia's current $88,400 median annual salary for full-time workers, along with the average full-time salary of $102,742. The wage gap is hitting younger Aussies particularly hard, with Indeed finding 70 per cent of those aged between 18 and 24 thought their current pay wasn't enough to make ends meet, above the 60 per cent economist Callam Pickering said the cost-of-living crisis had changed what workers expected from employers, along with policymakers. 'Higher wages are important, but so are policies that ease everyday expenses like transport and childcare," he said. 'Wages alone won't fix financial stress. Workers want meaningful action to reduce cost pressures - whether that's making education more affordable or ensuring access to workplace flexibility.' The average Aussie working full-time earns $102,742 per year, according to the latest Australian Bureau of Statistics data. That's higher than the median full-time salary, which is $88,400 per year, and can be a more accurate representation as it strips out particularly high or low earners. It's worth noting that about one-third of Aussie adults are not in paid work because they are retired, have a disability, care for others or are unemployed. Meanwhile, other Aussies don't work full-time. The Grattan Institute found that the typical Australian worker, including part-time workers, was earning just $67,786. Finder personal finance expert Sarah Megginson said the cost of living had redefined what many Aussies considered to be a good salary. That means the once-desirable $100,000 income no longer stretches as far and now feels more like a "necessary starting point", particularly in major cities. "There's been no area of our day-to-day living costs that have been quarantined from rising prices," she told Yahoo Finance. "So I think no matter where you live, you would have been better off three years ago earning $90,000 than you are today, earning $100,000 because inflation over that time has well outpaced a normal level. "I definitely think earning $100,000 is not what it was cracked up to be a few years ago."Sign in to access your portfolio
