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Former TCS employee's salary (Rs 21,000) vs expense (Rs 30,000) post sparks big debate
A viral social media post by Shashank Rustagi has highlighted stagnant entry-level salaries at Tata Consultancy Services (TCS), which he claims have remained at Rs 21,000 per month since 2019 despite rising living costs. This revelation has sparked widespread debate among tech professionals, with many sharing similar experiences of stagnant salaries across various IT firms. Critics argue that these salary practices reflect corporate exploitation, while others view it as a result of market dynamics.
Swiggy, Zomato delivery agents earn more than fresher software engineers: Check out their surprising income
A recent YouTube interview by Loveena Kamath has uncovered that entry-level Swiggy and Zomato delivery agents in Bengaluru can earn more than average IT engineers. Kamath found that delivery agents like Shiva and Taiyappa make between Rs 40,000 and Rs 50,000 monthly, significantly higher than the Rs 20,000 typically earned by new IT professionals. Despite these impressive earnings, Kamath notes that delivery work is often viewed as a temporary solution rather than a long-term career.
In FY 2023-24, major Indian IT firms like Infosys, TCS, Wipro, HCLTech, and Tech Mahindra reduced salary hikes to 5-9% due to economic pressures. Recruiters highlight higher raises for niche skill sets in AI, ML, cybersecurity, and data analytics, driven by digital transformation. Rising employment costs also impact most IT professionals.
Most entry-level job seekers prioritise competitive wages, benefits: Survey
Employers are focusing on competitive wages and growth opportunities to attract top talent amid shift in preference among employees away from 9-5 jobs.
Hospitality industry faces huge talent crunch; to add a million jobs in next few years, say experts
The surge in tourism post the pandemic has catalysed an unprecedented increase in hospitality hiring, particularly in entry-level apprenticeship and trainee positions, Randstad India said, adding that the sector has witnessed a remarkable growth of more than 200 per cent in apprentice and trainee hires over the last two years. According to industry reports, the hospitality industry is currently one of the biggest employment generators with the formal sector offering jobs to over 40-50 lakh people, while for the informal sector, it is difficult to give a number, but it is huge.
Delhi-NCR, Bengaluru have highest demand for entry-level talent : Report
The demand for freshers is highest in Delhi-NCR and Bengaluru, followed by Mumbai, Chennai, and Pune, according to data from foundit. Most job postings for entry-level positions are in the IT and recruitment/staffing industries, with a growing demand seen over the past six months.
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The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
See AlsoChatGPT Statistics in Business [July 2024]Christine Moukazis on LinkedIn: Happy And Succeeding: For Those Who Have Blind Ambition To Achieve Great…Anthony Levandowski bets on off-road autonomy, Nuro plots a comeback and Applied Intuition gets more investor love | TechCrunchTable of contents for August 2024 in EdgeEntry-level jobs in telecom industry thrive despite broader workforce slowdown: TeamLease
Despite a general slowdown in headcount expansion in the Indian telecom industry, demand for entry-level customer-facing and technology roles remained strong. TeamLease Services data shows a growth in associate workforce by 51.05% in FY22, with a 31.41% expansion in FY24. Telecom companies focused on hiring field sales executives, customer relationship executives, and technology staff to support network operations.
Boom in e-commerce opens door for multiple jobs at all levels
The e-commerce industry is booming due to increased smartphone and internet access, offering a plethora of job opportunities. Evolving consumer behavior and technology advancements are driving this growth, with a projected surge in India's online consumer base. The sector demands a wide range of skills, from tech-related roles to digital marketing and content creation.
Ciel HR’s Aditya Narayan Mishra on IT hiring and salary trends
Aditya Narayan Mishra highlights the impact of AI, ML, cloud, and full stack development on pay packages. Global competency centers pay freshers more for problem-solving skills. Market shifts towards newer technologies, impacting attrition rates and skill demand. Further, Mishra says five years ago, the percentage of people on contract staff were less than 10%, but today it is closer to 20%.
Headcount down, It's not final countdown
Infosys and TCS reported headcount declines in 2023-24 due to automation. Indian IT workers face challenges negotiating salaries with generative AI. Global tech job markets are impacted by AI, leading to a shift in causality for Indian companies.
Momo seller offers Rs 25,000 salary for helper, social media users say it's paying better than TCS
Securing a job fresh out of college can be a daunting task for many. Often, the reality of entry-level pay hits hard, leaving individuals seeking opportunities that align with their financial needs. However, amidst the challenges, a unique employment offer has surfaced, catching the attention of job seekers across social media platforms.
SSC CHSL 2024 registration begins; Here's a step-by-step process to apply online, direct link
The Staff Selection Commission (SSC) has begun the online application process for the Combined Higher Secondary Level (CHSL) Examination 2024, aiming to fill 3712 vacancies for posts like Lower Division Clerk (LDC)/Junior Secretariat Assistant (JSA), Postal Assistant (PA)/Sorting Assistant, and Data Entry Operators (DEOs). Applicants must be 18-27 years old and have passed the 12th grade. The application window is open until May 7, 2024. The tier-I exam is scheduled for July 1-5 and 8-12, 2024. For more details and to apply, visit the SSC website.
Campus hirings for entry-level IT jobs could even be 50% less this year: Ramani Dathi, Teamlease
"Even for the new talent who are aspiring for jobs in the IT industry, upskilling is now the real need and they have to invest in terms of expanding their own skill set.Almost 60% to 70% of the positions that we used to hire a year back used to be in .NET and Java. But those requirements have now come down to almost 50% whereas all the new requirements, new positions are asking for niche skills like AI and ML and transformative initiatives."
Employees at India’s top law firms likely to bag handsome payouts this year
Law professionals said employees are likely to get an average salary increase of 10-15%, with high performers set to bag 20-25% increments as firms try to reward and retain top talent that gives them the competitive advantage. Bonuses for top performers could go as high as 120-150% of the initial targeted variable pay, said senior company officials. By contrast, average salary increments across industry sectors in India in 2024 could be 9%, marginally lower than last year’s 9.2%, said a recent survey by management consulting firm Deloitte.
Demand for entry to junior-level frontline manpower in BFSI increases by 20–25% in 2024
Demand for entry-level positions in the BFSI sector has increased due to a surge in housing loans, personal loans, and credit cards. This demand is not limited to tier-1 cities and is also seen in tier-2 and -3 cities. Attrition continues to be a major challenge for companies in the sector.
Funding winter or not, startups loosen purse strings to reward top talent
Giving high increments, stock options, bonuses, global roles and accelerated promotions to ringfence people who are critical to business.
Hospitality sector gets its mojo back after Covid lull as jobs zoom 271%
The tourism sector's surge after the Covid-19 pandemic has led to a significant increase in hospitality hiring, with entry-level jobs experiencing the sharpest surge in the last two years. Apprentice and trainee hires have seen a 54% CAGR rise in the last two years, while hiring in the hospitality sector rose by around 271%.
Work-life balance: How companies can get the best out of their employees by giving equal priority to their personal and professional lives
To increase individual productivity, there is no substitute for hard work. An athlete works hard to get his body to retain muscle memory. Software engineers are no different. They compete in an increasingly complex world. If they have not practised diligently and modernised themselves, chances of success are low. Hence, hard work is a given. A question to many youngsters arguing against the idea of hard work: 'Is your work so repulsive that you have to reserve only specific times for it?'
Infosys kicks off holiday season with long-awaited pay hike
The hikes, which typically are effective from April 1, have now been announced from November 1, 2023, ET has learnt. It does not include reviews for entry level workers of the IT services major, according to people aware of the matter.
It's still a man's world when it comes to healthcare leadership, salaries
Despite a significant presence of female workers in entry level roles, the report showed a significant under-representation of women in leadership roles, especially at the executive and board levels, across healthcare sub-sectors. Most women are focused on the frontline in low-paying jobs and women across the healthcare workforce, on average, earn 34% less than their male counterparts.
Tech majors may reduce pay hikes by half as slump hurts
Over the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while collective revenues grew by a little over 57%. This shows that the input cost is much higher than the output being generated.
Mind the gap: Median female salaries at Nifty50 companies lag males' by a tenth
ET analysed the median salaries for male and female employees disclosed by Nifty50 constituent companies. Of the 50 companies, 43 disclosed this data in their FY23 annual reports. The median male salaries were higher than median female salaries in 31 of these companies. The median female salaries were, on average, 9.2% lower than the median male salaries.
Want to know who pays the best salary in tech companies? Here is an insider report
According to a recent report from Blind, Google and Meta are offering more attractive compensation packages to engineers compared to Apple, Amazon, and Microsoft. The data reveals that Google has a balanced and consistent pay structure, while Meta offers fast-paced promotions and lucrative compensation. Apple is recognized for maintaining fairness and consistency in job levels and pay bands, while Microsoft has a multi-tiered job level system but trails behind in overall compensation figures.
Charting the Course: Pursuing a Data Analyst Career in India and Abroad
The demand for data analysts is increasing across all industries as organizations rely on data for crucial business decisions. To become a data analyst, individuals need to have specific skill sets and pursue relevant coursework. They can study undergraduate or graduate degrees in fields like computer science, mathematics, or statistics, or pursue degrees in data science or data analytics. Skills required include data visualization, data cleaning, programming languages, and machine learning. Steps to become a data analyst include completing education, improving analytical skills, obtaining certifications, getting an internship, and pursuing a master's degree. In India, students can start preparing in high school by studying subjects like computer science, mathematics, statistics, or economics. They can then enroll in related bachelor's degree programs. Similar opportunities exist abroad, with universities in countries like the UK, USA, Canada, and Australia offering data analytics courses.
Salary increments: Indian startupscape comes crashing down from last year's highs
In 2022-23, new-age Indian companies, faced with macro headwinds, restructured employee costs by offering inflation-led salary hikes, the report said citing data from venture capital firm Elevation Capital.
Associate level employees got the best appraisal this hike season: survey
Despite the cautious sentiments in the job market, six out of ten Indian employees received a salary hike this year, according to a survey by talent platform foundit. The report reveals that 13% of non-metro city professionals secured an outstanding hike of over 20%, compared to professionals in metros at 11%. Associate level professionals received the highest hikes while half of entry-level employees received no appraisal.
These US cities pay the most for entry-level roles
A new study by Resume.io shows that finding well-paying entry-level positions straight out of college is not impossible. The company ranked US cities by calculating the percentage of local entry-level job listings that offer a salary above and below the median hourly wages across all 50 states and 223 major cities. Bozeman, Montana was found to have highly paid entry-level jobs, followed by San Francisco and Oakland
White collar hiring rise 5% month-on-month in February: Foundit survey
India's white-collar hiring market recorded a 5% month-on-month increase in February, according to data from Foundit (formerly Monster APAC & ME), a Quess company. Despite growing macroeconomic challenges, there was an increase in economic activity in India as domestic enterprises concentrated on accelerating their growth story, according to the foundit Insights Tracker (fit) for February.
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