Workforce Chronicles: Stories From India's Job Market News
India, home to a staggering 565 million-strong workforce, sees millions of its citizens embarking on new careers, switching jobs, or starting their professional journeys each year. The nation's youth heavily rely on college placements as a vital gateway into the competitive job market. With so many lives intertwined with the dynamics of workplace environments, Mint brings you a series of stories, exploring narratives from workplaces, placement cells, and hiring panels across the country.
At the Big Four, work stress is taking a toll on both employee and employer
In the high-stakes world of consulting, young professionals are leaving in droves, exhausted by the relentless demands of 16-hour workdays and constant client pressures. But the consultancy firms are facing their own challenges, battling high attrition and a talent war.
4 min read19 Sep 2024India Inc sees rise in CXOs on short contracts with many firms
Gig roles are emerging in India's corporate sector, with IT, pharmaceuticals, and energy firms hiring senior executives on short-term contracts. These roles, often in HR, finance, and technology, offer lucrative opportunities for experienced professionals seeking multiple assignments.
2 min read25 Sep 2024Canada's cut on foreign student quota may force Indian aspirants to try options in East Europe
The Canadian government's decision to dial down on the number of permits given to international students by more than one-third has left aspirants from India in the lurch. Consultants estimate Eastern European countries may become more attractive destinations.
3 min read20 Sep 2024Online retailers, quick commerce firms shower gig workers with incentives to meet festive demand
On offer are daily bonuses, overnight payouts, additional reward for 100% attendance, and mobile phones to motorbikes for top performers.
4 min read19 Sep 2024Manpower crisis pushes real estate sector to dish out higher incentives
A severe manpower crisis in the real estate and construction business is pushing firms to come up with incentives to retain the blue-collared workforce on sites, this festive season.
3 min read12 Sep 2024India Inc enlists law firms to help with return to office, shrinking space for WFH, shirkers
Companies hire law firms to draft watertight contracts to avoid ambiguity, bring in clauses on place of work, number of hours. Some companies are also easing the leave policy to soften the blow by including breaks to take care of pets and prepare for weddings.
3 min read10 Sep 2024Talent war in legal sector: Firms boost pay and partnership opportunities
Law firms are engaged in a talent war, offering retention bonuses, quicker partnership paths, and higher compensation. Consultations with experts have led to revamped pay structures to attract and retain skilled lawyers amid significant attrition in the industry.
4 min read6 Sep 2024IIT Bombay's batch of 2024 average salary increases 7.7%; 22 students accept ₹1 crore-plus offers
The institute, which placed 1,475 students as of June end, noted that the job scenario remains optimistic.
1 min read3 Sep 2024Mint Primer: Are ghost jobs spooking the job hunt for Indians?
Ghost jobs are vacancies posted by companies across various sectors, either on job portals or their company websites. They look like real vacancies but here’s the catch: there is no urgent need to fill these positions.
2 min read3 Sep 2024Women directors' pay has leapt ahead. Their roles are bigger too
The Deloitte study has found that over the past five years, companies in the heavy manufacturing and IT sectors have paid higher to their independent directors compared with other sectors owing to their size, scale of operations, and composition of international directors.
3 min read30 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared