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Robust 44% Year-on-Year Hiring Surge in India’s Shipping & Marine Sector: foundit Insights Tracker

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Mumbai, November 03, 2023foundit (formerly Monster APAC & ME), India’s leading talent platform, published the foundit Insights Tracker (fit), presenting the latest findings on hiring trends for October 2023.

The hiring index showed a slight 1% dip in e-recruitment activities compared to the previous month. On a year-on-year (YoY) scale, the overall index reflected a 3% decline.  While hiring has been muted, several sectors have shown good growth due to favourable economic policies and the revival of consumer spending. Sectors like travel & tourism and retail have seen a substantial increase in the number of jobs in 2023 compared to 2022.

Offering a hiring overview for October 2023, Sekhar Garisa, CEO, foundit (previously Monster APAC & ME), a Quess company, said, “While the overall hiring activity has been subdued, there are pockets of growth and resilience in sectors like travel, tourism, and retail, driven by the festive season and government initiatives. Certain sectors, like Import/Export, are currently witnessing a decline in economic activity due to heightened geopolitical tensions. It is crucial to emphasize the importance of practicing economic prudence by closely monitoring expenses and financial structures during these times. We anticipate that the situation will evolve in the coming months, ultimately leading to increased stability and growth, which will, in turn, create new job opportunities in the market.”

Seasonal Festivities Drive Job Spikes in Travel and Retail Sectors

The Shipping/Marine and Travel and Tourism industries marked impressive resilience with YoY growth of 44% and 30%, respectively. The upcoming festive season has spurred increased enthusiasm for travel, with Indians eager to explore domestic and international destinations. The government also announced initiatives to boost tourism as part of hosting the G20 summit in 2023. Measures included improving tourism infrastructure, developing 50 tourist destinations, and launching campaigns highlighting India’s cultural diversity and heritage. The Retail and Advertising, Market Research, and Public Relations (PR) sectors also maintained robust growth, registering notable 29% and 26% year-on-year increases, respectively. The Retail sector’s expansion is notably driven by the Diwali festivities, stimulating elevated consumer spending on clothing, gifts, and home decor. Retailers capitalise on this period by launching new products and offering promotions, further spurring sales.

Conversely, areas like Printing/Packaging and Agro-based Industries faced considerable challenges, witnessing significant 25% YoY declines. The Printing/Packaging sector is struggling due to amplified competition from digital media, diminishing the demand for traditional print items like newspapers, magazines, and catalogues. This shift has adversely affected employment in the sector, highlighting digital media’s impact on conventional print practices.

Furthermore, a notable 14% YoY growth was seen in the Office Equipment/Automation sector, indicative of organisational shifts away from remote and hybrid work models and towards work from office to improve operational efficiency. Oil/Gas/Petroleum, Power, BPO/ITES, and Automotive/Ancillaries/Tyres, among other industries, demonstrated relatively stable and gradual growth amidst these trends, with YoY growths of 12%, 6%, and 5%, respectively.

Festive Season Continues to Boost Job Opportunities for Kolkata with a Remarkable 17% Increase in Hiring.

Kolkata stands out with a remarkable 17% YoY increase in hiring, potentially attributed to the festive season, which typically starts in October and lasts for several weeks. During this time, there is a surge in demand for goods and services, and businesses in these sectors typically hire more workers to meet this increased demand.

Beyond Kolkata, Baroda experienced an 11% increase in job opportunities, followed by the upcoming Travel & Tourism hub Ahmedabad, which observed a 7% YoY hiring increase. Conversely, a few cities, such as Pune, Chandigarh, and Bangalore, faced a decline in hiring percentages, dropping by 14%, 13% and 10%, respectively.

Across the board, numerous cities, including Delhi/NCR (-1%), Mumbai (-5%), Coimbatore (-7%), Hyderabad (-6%), Chennai (-3%), and Jaipur (0%), maintained a relatively stable hiring environment with subtle decline, signifying a consistent yet not notably expanding job market.

Hospitality & Travel Thrive, Customer Service Further Lags in Growth

The Hospitality & Travel sector demonstrated remarkable growth, experiencing a 25% YoY increase in job opportunities to meet the increasing demand. Similarly, HR & Admin roles showed resilience with a 16% YoY rise, indicating sustained demand for professionals essential in managing organizational activities and workforce strategies. Engineering / Production roles experienced a healthy 12% YoY increase, reflecting ongoing infrastructure development and expanding production needs. The Health Care and Marketing & Communications roles maintained a stable trend with a 9% and 4% YoY growth, respectively.

However, the Customer Service roles stagnated at 0% YoY, indicating challenges possibly stemming from evolving customer service strategies and technological shifts affecting job roles. The Finance & Accounts roles experienced a significant 10% YoY decline, and Senior Management roles recorded an 8% YoY downturn. Software, Hardware, Telecom roles saw a modest 6% YoY decline, and The Arts/Creative sector also experienced an 8% YoY decrease. Lastly, the Legal industry experienced a 3% YoY decline, marking a shift from the significant surge observed in the previous month.

Retail Hiring Trends Shift with Festive Season: Offline Dominates

India’s retail hiring trends showcased an exciting shift between online and offline channels. Online retail hiring experienced a 10% decrease from the previous year, falling from 39% in 2022 to 29% in 2023. This decline in online hiring may be attributed to the market saturation in tier I cities, with online retailers facing challenges in expanding to tier II and III cities. These regions confront lower internet penetration and infrastructure, along with logistics issues. As a result, reaching these untapped markets demands more investment and innovation, slowing down the hiring pace of online retailers in 2023. In contrast, offline retail hiring surged significantly, witnessing a substantial 20% growth. This trend indicates a shift in consumer preferences and a potential revival of in-store shopping experiences in the Indian retail landscape.

YearOnlineOffline
202239%51%
202329%71%

About foundit Insights Tracker

The foundit Insights Tracker (fit) is a comprehensive monthly analysis of online job posting activity conducted by foundit.in. Based on a real-time review of millions of job listings from a wide range of online career platforms, the index offers a snapshot of online recruitment activities nationwide. Previously known as the Monster Employment Index, it provided a comprehensive perspective on hiring patterns based on industry, role, location, and experience. Now, in its new avatar, it delivers more detailed insights on recruitment trends, focusing on the demand for specific skills, available positions, and the salary ranges in the market.

Period for the report

The period considered for the fit data is October 2022 vs October 2023.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has been assisting over 75 million registered users in finding jobs, upskilling, and connecting with the right opportunities across 18 countries.

Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and precision hiring. To learn more about foundit in APAC & Gulf, visit: https://www.foundit.in| https://www.founditgulf.com | https://www.foundit.sg | www.foundit.my | www.foundit.com.ph | www.foundit.com.hk| www.foundit.com.id

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ABP News Launches ‘Jeetna Aapka Zaroori Hai’ Campaign, Inspiring Voter Empowerment Ahead of 2024 General Elections

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The aim is to empower the nation’s rising electorate to make their vote, their choice and their voice count

Mumbai, April 23, 2024 – As India’s monumental democratic exercise unfolds with the voting process for the 18th Lok Sabha Elections currently in progress, ABP News has launched a compelling campaign ‘Jeetna Aapka Zaroori Hai’ aimed at reinforcing the significance of the nation’s voters in shaping the course of democracy – the power of the people.

ABP News’ ‘Jeetna Aapka Zaroori Hai’ (It is essential for you to win), the impactful campaign serves as an impassioned appeal from India’s most trusted channel, ABP News, urging all citizens to exercise their constitutional right and ensure their voice and choice resonate in this pivotal election. At its core, the campaign emphasizes that the true triumph in an election lies not with any political party, but with the voters themselves, who wield the power to chart the nation’s future.

Reflecting the essence of the ‘Jeetna Aapka Zaroori Hai’ campaign, Avinash Pandey, CEO of ABP Network, stated: “Democracy thrives on the power of the people, by the people and for the people. Elections serve as a grand celebration of this fundamental principle, where each vote holds the potential to shape India’s destiny. Through our ‘Jeetna Aapka Zaroori Hai’ initiative, ABP News is steadfastly committed to reminding every Indian that their vote, their choice, constitutes the true victory to be achieved in this election above all else. We are rallying the nation to exercise their invaluable franchise and amplify their voices through the ballot.”

The stirring campaign’s multimedia outreach encompasses a diverse array of evocative TV and digital films depicting various aspects of the Indian electorate – showcasing individuals from diverse backgrounds and enthusiastic first-time voters alike.

As the nation’s foremost broadcaster with the distinctive pledge of ‘Aapko Rakhe Aage’ (Keeping You Ahead), ABP News has curated an unparalleled programming line-up covering ‘Kaun Banega Pradhanmantri 2024’ and ‘Lok Sabha Elections 2024’ featuring over special shows to ensure that every Indian is equipped with the necessary information to make an informed choice. From dynamic poll analytics and fact-checking to expert insights and ground reports from every corner of the country, ABP News’ elections coverage is empowering India to engage in the electoral process effectively.
Join the national movement and ensure your choice counts. #JeetnaAapkaZarooriHai with #ElectionON on ABP News. Watch the promo here – ‘Jeetna Aapka Zaroori Hai’ campaign

About ABP Network:
An innovative media and content creation company, ABP Network is a credible voice in the broadcast and digital sphere, with a multi-language portfolio of news channels reaching 535 million individuals in India. ABP Studios, which comes under the purview of ABP Creations — the content innovation arm of the network — creates, produces, and licenses original, path breaking content outside of news. ABP Network is a group entity of ABP, which was incorporated almost 100 years ago and continues to reign as a leading media company.

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Mankind Pharma Bridges Digital Divide with ‘Digital Smart Class’ Initiative Across Rural India 

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Mumbai, 31st March, 2024: Mankind Pharma, one of India’s leading pharmaceutical companies, is making strides in enhancing the quality of education in remote areas through its ongoing ‘Digital Smart Class’ initiative. Under their CSR arm, this comprehensive program has established 220 smart classrooms equipped with cutting-edge technology across government schools in Uttar Pradesh, Uttarakhand, and Himachal Pradesh.

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The Digital Smart Class initiative is a strategic effort by Mankind Pharma to bridge the digital divide in education and provide underprivileged students with access to modern learning resources. The smart classrooms are equipped with integrated teaching devices, the Kyan system, which can convert any surface to an interactive board and multimedia playing surface, enabling a more engaging and immersive learning experience.

Mr. Sheetal Arora, CEO of Mankind Pharma, expressed his vision for the initiative, stating, “At Mankind Pharma, we are committed to contributing to the overall development of society. Education is a fundamental right, and we believe that every child, regardless of their geographical location, deserves access to quality education. The Digital Smart Class initiative is our endeavour to empower rural communities by providing them with the necessary tools and resources to thrive in the digital age.”

The initiative spans across 170 schools in 23 clusters, benefiting thousands of students in remote areas. Mankind Pharma has collaborated closely with local authorities and educational institutions to ensure the successful implementation and sustainability of the smart classrooms.

Key highlights of the Digital Smart Class initiative:

●        Establishment of 220 smart classrooms across Uttar Pradesh, Uttarakhand, and Himachal Pradesh.

●        Provision of integrated teaching devices and multimedia content for interactive learning.

●        Comprehensive teacher training programs to ensure effective utilisation of the smart classroom technology.

●        Three-year project management and maintenance support to ensure sustainability.

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Mankind Pharma’s Digital Smart Class initiative aligns with the company’s commitment to corporate social responsibility and its vision of creating a positive impact on society. By leveraging technology and innovative educational resources, the company aims to empower rural communities and equip the younger generation with the skills and knowledge necessary to succeed in the digital era.

About Mankind Pharma

Mankind Pharma (BSE: 543904 | NSE: MANKIND) is one of the largest pharmaceutical company in India, which focuses on the domestic market with its Pan India presence. Mankind operates at the intersection of the Indian pharmaceutical formulations and consumer healthcare sectors with the aim of providing quality products at affordable prices. The company is a leading player in the domestic pharmaceuticals business present across acute and chronic therapeutic areas including anti-infectives, cardiovascular, gastrointestinal, antidiabetic, neuro/CNS, VMN and respiratory, among others with a strategy to increase chronic presence going ahead. In the consumer healthcare business, the company operates in the condoms, pregnancy detection, emergency contraceptives, antacid powders, vitamin and mineral supplements and anti-acne preparations categories, among others, with several category-leading brands. The company has 28 manufacturing facilities in India manufacturing a wide range of dosage forms, including tablets, capsules, syrups, vials, ampoules, blow fill seal, soft and hard gels, eye drops, creams, contraceptives and other over-the-counter products. Mankind has a consistent track record of product innovation through 6 dedicated R&D facilities backed by more than 600 scientists.

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Shree Cement announces a new brand identity with ‘Bangur’ as the master brand

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Mumbai, 7th January, 2024:

Shree Cement Limited, one of India’s largest cement manufacturers, has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand. The new Bangur brand identity is anchored on the idea of Build Smart – a core philosophy capturing the company’s consumer proposition, organizational philosophy, and national ambition.

The Bangur master brand has been unveiled with a new advertising campaign, with noted Bollywood actor Mr Sunny Deol being brought in as the brand endorser.

Speaking on the occasion, Mr Neeraj Akhoury, Managing Director of Shree Cement Ltd, said, “The launch of ‘Bangur’ as the master brand is in sync with our strategy of assessing and responding to evolving customer sentiments and growing aspirations. The intent is to position ‘Bangur’ as the company’s umbrella brand, with a refreshed and discernible brand identity. Through this makeover, we aim to connect better with our customers, providing them unique experiences with differentiated products.”

The launch of the new brand identity was announced in a glittering event organized in New Delhi. The event was attended by more than 8,000 participants, including stockists, dealers, retailers and other channel partners. Key highlights of the branding revamp included the launch of:

  • A new logo and modern visual identity: Bangur Cement’s updated brand logo symbolizes its evolution with a contemporary design mirroring its forward-thinking approach
  • Introduction of a revamped product line: Cutting-edge enhancements have been introduced across the product range, showcasing innovation and advancements addressing the evolving needs of discerning customers
  • Launch of Bangur Magna: A premium offering of a superior product with highly differentiated pack appearance
  • Launch of the new advertising campaign: The campaign featuring Mr Sunny Deol will be deployed across TV, digital, outdoor, print and retail
  • Re-affirmation of sustainable initiatives: A renewed commitment to embracing sustainability and pursuit of eco-friendly practices that align with the company’s responsibility towards the environment
  • Digital scale-up: Focusing on influencer programmes with contractors, engineers, masons and dealers

Shree Cement’s revamped brand reflects the company’s commitment to innovation, quality and customer satisfaction. The unveiling of the company’s new brand identity is an articulation of the company’s intent to market and sell all variants of cement, viz. OPC, PPC and PSC, across all its geographical territories under the revamped ‘Bangur’ brand.

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