Latest news with #KartikNarayan
Time of India
3 days ago
- Automotive
- Time of India
Flexi-staffing, EV, e-commerce to drive 2.8% Indian workforce growth in April-Sep: Report
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 Thursday. The Employment Outlook Report (EOR) for the period between April and September by TeamLease Services, a staffing firm, highlighted measured optimism amid economic complexity. With 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 peaks. Similarly, 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 added. Further, 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 said. It 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 said. The rise of AI and automation is another factor accelerating the evolution of workforce requirements. The 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
3 days 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
3 days 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.
Hans India
4 days ago
- Automotive
- Hans India
Flexi-staffing, EV, e-commerce to drive 2.8 pc Indian workforce growth in April-Sep: Report
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 Thursday. The Employment Outlook Report (EOR) for the period between April and September by TeamLease Services, a staffing firm, highlighted measured optimism amid economic complexity. With 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 peaks. Similarly, 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 added. Further, 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 said. It 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 said. The rise of AI and automation is another factor accelerating the evolution of workforce requirements. The 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
5 days ago
- Business
- Time of India
Missing parts in electronics manufacturing: Blue-collar workers, engineers
The booming electronics manufacturing sector, among the biggest Make-in-India success stories, is facing twin manpower challenges across the hierarchy spectrum: Shortage of both blue-collar shopfloor workers and top-draw engineering talent. The gap is the most acute in the AI- and robotics-embracing smartphone industry, where dedicated benefits are set to end soon, staffing executives said the broader electronics sector, which includes semiconductors, components, consumer durables and mobile phones, will need some 12 million people by FY27-28 — compared with 6 million in FY25 — of which around 10 million people are expected to face a skill gap. Curiously, the talent gap is the most evident at a time when several companies are harnessing robotics and AI to boost global competitiveness, as towering tariffs or their absence determine the quantum of future India-focused investments for brands such as Apple and Samsung. As margin-protection pressures build on smartphone makers set to lose the five-year production-linked incentive (PLI) scheme benefits next year, the adoption of newer technologies is causing the gap between talent demand and supply to widen. Only around 30% of technical graduates are industry-ready in advanced manufacturing, said executives. 'There is a large gap in available skilled labour, and the current exercises being done to tie up with colleges and leverage government initiatives is an important foundational step,' said Atul B Lall, managing director, Dixon Technologies , India's top homegrown contact manufacturer. 'It has to be scaled up, but I think it's going to be in phases, which we can take forward through global collaborations.' Dixon manufactures mobile phones, TVs, washing machines, air conditioners, and lighting equipment, and will soon start making electronic components. Job complexity Adoption of new technologies has created a notable gap, involving both complex roles such as development, automation, and advanced supply chain management , and relatively simpler engagements, such as technician roles, said experts. Quess Staffing Solutions said in the mobile phone manufacturing sector, up to 350,000 people are currently employed. But capacities are doubling every year, and the skill gap is set to widen further with the rapid expansion and adoption of new technologies. According to TeamLease, approximately 20% of new roles — double of what was needed a year before — now require advanced technical skills. 'The (wider electronics manufacturing) sector's reliance on advanced technology requires workers with updated skills, but there is often a shortage of qualified candidates,' said Kartik Narayan, CEO, Staffing, Teamlease Services. 'The industry competes with other sectors, such as technology and healthcare, which may offer higher salaries and better working conditions.' He added that only a small fraction of technical institutes has practical training facilities like SMT (surface-mount technology) lines or automated inspection systems, forcing companies to invest heavily in on-boarding and skill development internally. Shop floor staff To be sure, for blue-collar workers , the skill requirement in general hasn't changed significantly. The challenge is getting the right person available at the right time in the specific regions, because there is more demand than locally available supply, Quess said. Electronics manufacturing is concentrated in three main hubs — Tamil Nadu, parts of Karnataka, and Noida/Greater Noida. The local talent pool for shop floor jobs in these hubs is limited, necessitating migration from labour-surplus states such as Bihar, Jharkhand, Odisha, and Madhya Pradesh, said Nitin Dave, CEO, Quess. In the next 3-4 years, a large number of people from the current pool of trained freshers are expected to upgrade and potentially move to higher-skill roles, Quess added. The skill gap is set to become more significant as manufacturers start getting into component manufacturing for margin expansion, which requires higher automation and robotics deployment. 'Over the past few years, AI-driven quality checks and IoT-enabled SMT lines have transformed manufacturing processes, with nearly 65% of manufacturers adopting these advancements, leading to a 15% decline in low-skilled roles,' said Teamlease's Narayan. TeamLease added that around 60% of existing staff are being upskilled annually in automation and design.
