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Time of India
15 hours ago
- Business
- Time of India
Smaller centres leave metros behind in hiring pace: Report
NEW DELHI: Small cities and towns witnessed a sharp surge in hiring - more than double the pace seen in metros - driven by robust growth in the BFSI, manufacturing, retail, and IT sectors. This trend marks a significant shift towards decentralised economic growth, underscoring the rapid rise of tier-2 cities as emerging talent hubs, with opportunities now expanding beyond traditional urban centres. Job openings in tier-2 cities rose nearly 42%, compared to a 19% increase in tier-1 cities, according to the Randstad Talent Insights Report 2025 shared exclusively with TOI. The first edition of the report, drawn from data in the six-month period - Sept 2024 to Feb 2025-captures insights across six key industries: banking, financial services & insurance (BFSI), manufacturing and automotive, IT, pharma, healthcare & life sciences (PHL), retail, FMCG & FMCD, and energy and utilities. Anjali Raghuvanshi, chief people officer & senior director (business innovation) at Randstad India, a talent company, said, " Our report indicates that tier-1 cities maintain a robust hiring outlook across all surveyed sectors. More interestingly, tier-2 and 3 cities are rapidly gaining ground, emerging as hiring hotspots, thus reflecting the vast potential and widespread distribution of talent across the country. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo The impressive growth trajectory of these cities can be credited to their growing economic relevance, a steady pipeline of skilled talent from quality educational institutions, and a concentrated push towards infrastructure development." Among tier-1 cities, Bengaluru solidified its leadership in talent demand, exhibiting higher hiring numbers and a greater share of demand across all experience levels and sectors. Mumbai further strengthened its dominance in the energy and utilities sector at the middle and senior levels. It also reinforces its position as a key talent hub across all levels for the BFSI, retail, FMCG, and FMCD industries. Among tier-2 cities, Chandigarh made an impactful rise to top rankings and witnessed surge in hiring across all industries at different levels. Gandhinagar and Aurangabad joined the list of tier-2 cities in this edition. During the period, Vadodara showed a big surge in hiring numbers, rankings, and share of demand at all levels in the energy & utilities, PHL, and automotive & manufacturing industries. Further, under the BFSI sector, investment banking, business operations, and business analyst roles take the top three spots in terms of hiring demand across all levels. The role of a cyber fraud analyst entered the skill portfolio for the first time to feature in the Top 20 skills. With more advanced cyber frauds in the digital age, the role has opened up job opportunities, both in tier-1 and tier-2 cities, the report adds. In the manufacturing and automotive sector, production managers, supply chain/logistics professionals, and operations management specialists continue to dominate the hiring demand. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
21-04-2025
- Business
- Business Standard
In US, 2 in 5 employees are considering quitting their jobs: Here's why
Two in every five employees in the US are considering leaving their jobs due to growing favouritism in companies, according to a survey by S The study notes that one in every ten employees is actively planning to quit this year alone. The survey, conducted on 1,000 American employees, states that nine in ten workers say they have witnessed favouritism at work, with 25 per cent reporting that it happens "all the time." 'Favouritism in the workplace is a major issue affecting careers, team morale, and job satisfaction. When employees feel overlooked while others receive special treatment, it can spark feelings of resentment and inequality, creating tension within teams,' the report states. According to the survey, fear of retaliation and negative repercussions prevents employees from reporting it to HR. Favouritism at the workplace The survey states that favouritism at work can show up in many ways. The most common examples include giving some people special treatment (61 per cent), assigning work unfairly (44 per cent), and offering flexible hours or remote work to only a few (41 per cent). This creates a clear divide between the "favourites" and everyone else, leading to resentment and damaging team unity. Favouritism is seen most often in the tech, education, and healthcare industries, the survey notes. Additionally, people who work in-office are 24 per cent more likely to notice favouritism than those working remotely, suggesting that being physically present may make these issues more visible. Key takeaways from the survey Nine in ten employees have witnessed favouritism at work, and one in four say it happens all the time. Two in five employees have considered leaving their jobs due to favouritism; one in ten are actively planning to quit this year. One in five Americans have started freelancing or launched their own business to escape favouritism in traditional workplaces. Nearly three in four employees do not feel comfortable reporting favouritism to HR due to fear of retaliation. In-office workers are 24 per cent more likely to observe favouritism than remote workers (31 per cent vs 25 per cent). Changing dynamics at workplaces in India A survey by Randstad India's Workmonitor 2025 suggests that employees in Indian firms are willing to quit their jobs if flexibility is lacking. The survey also shows that 60 per cent of employees would leave if they do not have a good relationship with their manager. This year, slightly more people are actively looking for new jobs—up from 57 per cent to 59 per cent. However, what really stands out is the shift in what matters most to Indian employees. While salary remains important, factors such as flexible work, a sense of inclusion, and opportunities for learning and growth are becoming top priorities, the survey notes.
