Latest news with #GeniusConsultants
Mint
7 hours ago
- Business
- Mint
Geopolitical tensions shake Indian workplaces; 63 pc firms freeze hiring: Report
Mumbai, Jun 22 (PTI) Geopolitical tensions, including wars in the Middle East, have impacted the Indian workplace with 63 per cent of respondents confirming that their companies are either freezing hiring or downsizing teams, claims a report. Over 63 per cent of respondents said their companies are either freezing hiring or downsizing teams with another 15 per cent noting a visible shift toward contract-based or freelance roles as the geopolitical tension escalates, the report by staffing solutions and HR services provider Genius Consultants has claimed. The report is based on an online survey among 2,006 employees from across sectors in the country during May 12 to June 6. Further, the report revealed that 36 per cent of the employees interviewed stated that their salary growth, bonuses, or appraisals are affected in light of geopolitical instability. Over 21 per cent said there is an increase in workload pressure and project timelines while 22 per cent reported that international business exposure or travel is disrupted, and 21 per cent stated that team morale and job confidence are taking a downturn, it added. The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation. In such a scenario, the survey found that employees are taking action, with 55 per cent of respondents upskilling or enrolling in new certifications, and 31 per cent starting to explore new job opportunities or backup roles. "This survey is a direct reflection of the times we are in. The external world is reshaping internal work realities at a pace faster than many expected. With 63 per cent of companies freezing or downsizing and employees actively upskilling or seeking alternatives, it is clear that we are not just navigating a moment, we're transitioning into a new era of work. "Employers must remain transparent and adaptive, while employees continue to stay resilient, agile, and prepared for the road ahead," Genius Consultants Chairman and Managing Director R P Yadav added.
Hindustan Times
7 hours ago
- Business
- Hindustan Times
63% Indian firms freeze hiring amid geopolitical tensions: Report
Geopolitical tensions, including wars in the Middle East, have impacted the Indian workplace with 63 per cent of respondents confirming that their companies are either freezing hiring or downsizing teams, claims a report. Combatting workplace burnout: Expert strategies for employee wellbeing (Image by macrovector on Freepik) Over 63 per cent of respondents said their companies are either freezing hiring or downsizing teams with another 15 per cent noting a visible shift toward contract-based or freelance roles as the geopolitical tension escalates, the report by staffing solutions and HR services provider Genius Consultants has claimed. The report is based on an online survey among 2,006 employees from across sectors in the country during May 12 to June 6. Further, the report revealed that 36 per cent of the employees interviewed stated that their salary growth, bonuses, or appraisals are affected in light of geopolitical instability. Over 21 per cent said there is an increase in workload pressure and project timelines while 22 per cent reported that international business exposure or travel is disrupted, and 21 per cent stated that team morale and job confidence are taking a downturn, it added. The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation. In such a scenario, the survey found that employees are taking action, with 55 per cent of respondents upskilling or enrolling in new certifications, and 31 per cent starting to explore new job opportunities or backup roles. "This survey is a direct reflection of the times we are in. The external world is reshaping internal work realities at a pace faster than many expected. With 63 per cent of companies freezing or downsizing and employees actively upskilling or seeking alternatives, it is clear that we are not just navigating a moment, we're transitioning into a new era of work. "Employers must remain transparent and adaptive, while employees continue to stay resilient, agile, and prepared for the road ahead," Genius Consultants Chairman and Managing Director R P Yadav added.
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Business Standard
8 hours ago
- Business
- Business Standard
Geopolitical tensions shake Indian firms; 63% impose hiring freeze: Report
Further, the report revealed that 36 per cent of the employees interviewed stated that their salary growth, bonuses, or appraisals are affected in light of geopolitical instability Press Trust of India Mumbai Geopolitical tensions, including wars in the Middle East, have impacted the Indian workplace with 63 per cent of respondents confirming that their companies are either freezing hiring or downsizing teams, claims a report. Over 63 per cent of respondents said their companies are either freezing hiring or downsizing teams with another 15 per cent noting a visible shift toward contract-based or freelance roles as the geopolitical tension escalates, the report by staffing solutions and HR services provider Genius Consultants has claimed. The report is based on an online survey among 2,006 employees from across sectors in the country during May 12 to June 6. Further, the report revealed that 36 per cent of the employees interviewed stated that their salary growth, bonuses, or appraisals are affected in light of geopolitical instability. Over 21 per cent said there is an increase in workload pressure and project timelines while 22 per cent reported that international business exposure or travel is disrupted, and 21 per cent stated that team morale and job confidence are taking a downturn, it added. The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation. In such a scenario, the survey found that employees are taking action, with 55 per cent of respondents upskilling or enrolling in new certifications, and 31 per cent starting to explore new job opportunities or backup roles. "This survey is a direct reflection of the times we are in. The external world is reshaping internal work realities at a pace faster than many expected. With 63 per cent of companies freezing or downsizing and employees actively upskilling or seeking alternatives, it is clear that we are not just navigating a moment, we're transitioning into a new era of work. "Employers must remain transparent and adaptive, while employees continue to stay resilient, agile, and prepared for the road ahead," Genius Consultants Chairman and Managing Director R P Yadav added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
8 hours ago
- Business
- Time of India
Job market stress: Global tensions shake up Indian firms; hiring freezes, layoffs rise
Geopolitical unrest, especially conflicts in the Middle East, is beginning to reshape the Indian workplace, with over 63 per cent of surveyed employees saying their companies have frozen hiring or begun downsizing, reported news agency PTI, citing a study by Genius Consultants. Tired of too many ads? go ad free now Another 15 per cent noted a shift towards contract or freelance roles amid heightened uncertainty. The online survey, conducted between May 12 and June 6 across 2,006 employees from various sectors, reveals the extent of the impact. According to the report, 36 per cent of employees said their appraisals, bonuses or salary growth had been affected due to the ongoing global tensions. Around 22 per cent highlighted disruptions to international travel and business exposure, while 21 per cent cited low team morale and declining job confidence. "This survey is a direct reflection of the times we are in. The external world is reshaping internal work realities at a pace faster than many expected," said Genius Consultants CMD R P Yadav, as quoted by PTI. "With 63 per cent of companies freezing or downsizing and employees actively upskilling or seeking alternatives, it is clear that we are not just navigating a moment, we're transitioning into a new era of work", he added. In response, 55 per cent of employees surveyed said they were pursuing new skills or certifications, while 31 per cent are already looking for alternative job options. A combined 56 per cent of respondents reported varying levels of anxiety regarding their future, with 30 per cent saying they are already seeing early warning signs of further disruptions. "Employers must remain transparent and adaptive, while employees continue to stay resilient, agile, and prepared for the road ahead", Yadav said.
NDTV
8 hours ago
- Business
- NDTV
Geopolitical Tensions Impact Indian Workplaces As Firms Freeze Hiring: Report
Mumbai: Geopolitical tensions, including wars in the Middle East, have impacted the Indian workplace with 63 per cent of respondents confirming that their companies are either freezing hiring or downsizing teams, claims a report. Over 63 per cent of respondents said their companies are either freezing hiring or downsizing teams with another 15 per cent noting a visible shift toward contract-based or freelance roles as the geopolitical tension escalates, the report by staffing solutions and HR services provider Genius Consultants has claimed. The report is based on an online survey among 2,006 employees from across sectors in the country during May 12 to June 6. Further, the report revealed that 36 per cent of the employees interviewed stated that their salary growth, bonuses, or appraisals are affected in light of geopolitical instability. Over 21 per cent said there is an increase in workload pressure and project timelines while 22 per cent reported that international business exposure or travel is disrupted, and 21 per cent stated that team morale and job confidence are taking a downturn, it added. The report said that 30 per cent of employees admitted that they are extremely worried and are already witnessing early warning signs while 26 per cent described themselves as mildly concerned and closely monitoring the situation. In such a scenario, the survey found that employees are taking action, with 55 per cent of respondents upskilling or enrolling in new certifications, and 31 per cent starting to explore new job opportunities or backup roles. "This survey is a direct reflection of the times we are in. The external world is reshaping internal work realities at a pace faster than many expected. With 63 per cent of companies freezing or downsizing and employees actively upskilling or seeking alternatives, it is clear that we are not just navigating a moment, we're transitioning into a new era of work. "Employers must remain transparent and adaptive, while employees continue to stay resilient, agile, and prepared for the road ahead," Genius Consultants Chairman and Managing Director R P Yadav added.
