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Time of India
13 hours ago
- Automotive
- Time of India
India's Workforce Set to Grow 2.8% Driven by Flexi-Staffing and EVs: TeamLease Report, ETHRWorld
Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App New Delhi: The growing trend of flexible workforce models, and increased opportunities in the Electric Vehicles (EVs) and e-commerce sectors is set to boost the workforce in India, according to a report on Employment Outlook Report (EOR) for the period between April and September by TeamLease Services, a staffing firm, highlighted measured optimism amid economic 47 per cent of employers indicating plans for workforce expansion, 28 per cent opting for stability, and 25 per cent predicting reductions, the report forecasts a 2.8 per cent Net Employment Change (NEC).It showed that the growing trend of flexi-staffing is taking centre stage, with 69 per cent of employers embracing flexible workforce models to manage cyclical demand and seasonal the gig economy remains a cornerstone of hiring strategies, with 64 per cent of employers expanding sales and customer service roles through gig models."India's workforce stands at a defining moment, where traditional models of hiring are giving way to more dynamic and adaptive strategies. As industries embrace emerging technologies, organisations must recognise that agility and innovation are the true engines of success," said Kartik Narayan, CEO-Staffing, TeamLease Services."The future lies not in simply expanding headcount, but in shaping highly specialised, flexible teams that can scale, evolve, and thrive amid continuous market shifts. By fostering such talent ecosystems, companies will not only adapt but will lead India's workforce into a new era of growth and opportunity," Narayan employers are now prioritising core competencies like digital literacy (76 per cent), customer experience management (68 per cent), and communication (63 per cent), indicating a clear focus on tech-readiness, service orientation, and effective collaboration, the report also highlighted that the automotive sector projecting a 6.9 per cent NEC and EVs and allied infrastructure sector poised for strong growth at 7.1 per cent, are leading the charge. Similarly, e-commerce and tech startups are set to grow by 6.9 per cent, the report rise of AI and automation is another factor accelerating the evolution of workforce shift to generative AI, cloud technologies, and low-code platforms is driving demand for specialised, tech-savvy talent across all sectors, said the report that leveraged extensive primary and secondary research, drawing insights from over 1,263 employers across 23 industries and 20 cities.
Time of India
13 hours ago
- Business
- Time of India
Keppel Appoints Former DBS CEO Piyush Gupta as New Deputy Chairman, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App Singapore-based manager and asset operator Keppel said on Thursday it has appointed ex-DBS Group CEO Piyush Gupta as its deputy chairman , effective July left DBS, Southeast Asia's largest lender by assets, in March this year after serving as CEO for around 15 joining DBS, he was Citi's CEO for its Southeast Asia-Pacific will also be appointed as a non-executive independent director of the board along with the deputy chairman role, in addition to other committee his appointment, Keppel's board will comprise nine directors, of whom seven are independent directors, the firm added in its statement.(Reporting by Shivangi Lahiri in Bengaluru; Editing by Tasim Zahid)
Time of India
14 hours ago
- Automotive
- Time of India
Women in Tech: 14% Representation Rise in Non-Tech Sectors for 2024, ETHRWorld
Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles New Delhi: The growing trend of flexible workforce models, and increased opportunities in the Electric Vehicles (EVs) and e-commerce sectors is set to boost the workforce in India, according to a report on Employment Outlook Report (EOR) for the period between April and September by TeamLease Services, a staffing firm, highlighted measured optimism amid economic 47 per cent of employers indicating plans for workforce expansion, 28 per cent opting for stability, and 25 per cent predicting reductions, the report forecasts a 2.8 per cent Net Employment Change (NEC).It showed that the growing trend of flexi-staffing is taking centre stage, with 69 per cent of employers embracing flexible workforce models to manage cyclical demand and seasonal the gig economy remains a cornerstone of hiring strategies, with 64 per cent of employers expanding sales and customer service roles through gig models."India's workforce stands at a defining moment, where traditional models of hiring are giving way to more dynamic and adaptive strategies. As industries embrace emerging technologies, organisations must recognise that agility and innovation are the true engines of success," said Kartik Narayan, CEO-Staffing, TeamLease Services."The future lies not in simply expanding headcount, but in shaping highly specialised, flexible teams that can scale, evolve, and thrive amid continuous market shifts. By fostering such talent ecosystems, companies will not only adapt but will lead India's workforce into a new era of growth and opportunity," Narayan employers are now prioritising core competencies like digital literacy (76 per cent), customer experience management (68 per cent), and communication (63 per cent), indicating a clear focus on tech-readiness, service orientation, and effective collaboration, the report also highlighted that the automotive sector projecting a 6.9 per cent NEC and EVs and allied infrastructure sector poised for strong growth at 7.1 per cent, are leading the charge. Similarly, e-commerce and tech startups are set to grow by 6.9 per cent, the report rise of AI and automation is another factor accelerating the evolution of workforce shift to generative AI, cloud technologies, and low-code platforms is driving demand for specialised, tech-savvy talent across all sectors, said the report that leveraged extensive primary and secondary research, drawing insights from over 1,263 employers across 23 industries and 20 cities.
Time of India
2 days ago
- Business
- Time of India
TCS CEO Krithivasan's Compensation Increases to Rs 26.52 Crore Amid Industry Challenges, ETHRWorld
Advt Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App Mumbai: K Krithivasan, the chief executive and managing director of India's largest IT services company TCS, took home a remuneration of Rs 26.52 crore in FY25. The CEO's remuneration package increased by 4.6 per cent in the fiscal year, said the TCS annual report released on remuneration is nearly 330 times the median salary paid by the company to its 6.07 lakh employees, as per the annual report. Krithivasan's compensation included a salary of Rs 1.39 crore, Rs 2.13 crore in benefits, perquisites and allowances and a commission of Rs 23 crore, it financial officer Samir Seksaria saw a 7.8 per cent increase in the overall remuneration, as per the average annual increase for employees' remuneration came in between 5.5 to 7.5 per cent, after factoring-in promotions, the company said, adding that 1.1 lakh employees were promoted during the the case of top performers within the country, the hikes went into double digits as well in percentage terms, the company annual report also said that newly appointed president and chief operating officer Aarthi Subramanian will be paid a salary of Rs 10.8 lakh per a time of rapid shifts in technology landscape, the company's expenditure on research and development decreased both in absolute quantum as well as from a share of overall revenues spent Rs 2,630 crore in R&D and innovation in FY25 as against Rs 2,751 crore in FY24, and the same came down marginally to 1 per cent of total turnover in FY25 from 1.1 per cent in FY24, as per the TCS management said the global economic activity faces headwinds from geopolitical and policy uncertainties, but there are opportunities for resilience and recovery."Clearer trade agreements and improved global cooperation could help regain momentum. However, risks like financial market volatility, demographic shifts, and fiscal constraints persist. Proactive policy responses and innovation-driven growth can help mitigate these pressures," it the 6.07 lakh employees, 2.14 lakh or 35 per cent were women staff, the company were 125 cases of sexual harassment received during the fiscal year as against 110 in the previous fiscal, the company said, adding that 23 complaints are pending resolution at end-March 2025.
Time of India
2 days ago
- Business
- Time of India
CIEL HR Solutions Reports 35.21% Growth in FY25 Net Profit, HR News, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App Chennai: Technology-driven human resources solutions company CIEL HR Solutions has reported a 35.21 per cent growth on its net profit for the year ending March 31, 2025 at Rs 14.67 crore. The city-headquartered company had registered a net profit of Rs 10.85 crore during the last financial increased for the financial year ending March 31, 2025 to Rs 1,504.5 crore, from Rs 1,085.7 crore registered in the year ago period."From our roots in 1992 to this moment of high performance, we have always been guided by our belief in human potential and the power of reinvention. CIEL's results represent the strength of our collective spirit," said CIEL HR Group Chairperson and Executive Director K Pandiarajan told reporters on Tuesday."Our growth in FY25 is a testament to the synergy between our teams, partners and clients. With our unique blend of tech-enabled services and deep industry insight, we are committed to helping organisations build future-ready workforces while delivering value at every step," company MD and CEO Aditya Narayan Mishra the year ending March 31, 2025, the company continued its inorganic growth and acquired two businesses to strengthen its HR-tech platform capabilities as well as to expand its portfolio of group has integrated these entities with the overall organisation and is actively working to leverage its inherent synergies to foster growth across individual business company continues to run its asset-light business model and has expanded its operations to 85 offices across 38 locations during the last financial year, he added.
