Job Market News - Latest Updates & Headlines
NRI remittances soar to record $129.4 billion in 2024, India retains top rank
New Delhi, April 1: Indians working abroad sent home a record $129.4 billion in 2024 with the highest-ever inflows of $36 billion in the October-December quarter, according to the latest figures compiled by the Reserve Bank of India (RBI).
Maha govt presents bill to regulate private placement agencies & protect job seekers
Mumbai, March 24: The Maharashtra government on Monday presented a bill to regulate private placement agencies engaged in the business of placement activities for job seekers and thereby ensure transparency, safeguard the interests of the job seekers and protect them from exploitation and fraudulent practices.
In January, EPFO added 17.89 lakh net members, 18-25 age group dominates with 57.07% of total new subscribers
New Delhi, India March 20: The Employees' Provident Fund Organisation (EPFO) in January saw a net addition of 17.89 lakh members, the provisional payroll data for January 2025 shows released by Ministry of Labour and Employment said on Thursday.
Creativity and innovation, problem solving among top 5 hiring skills in India: Report
New Delhi, March 19: India Inc. is experiencing a fundamental skills reset and top five fastest growing skills that companies are hiring for include creativity and innovation, code review, problem solving, pre-screening and strategic thinking, a new report showed on Wednesday.
Number of economically inactive young people in S.Korea rises further
Seoul, March 16: The number of young South Koreans who were jobless or opted to remain economically inactive surpassed 1.2 million last month amid tough job market conditions, data showed on Sunday.
India's auto industry gears up for growth, driven by EV push and job boom: Report
New Delhi, March 15: India's automotive sector is expected to witness positive growth in the coming year, driven by supportive government policies and a growing job market, according to a report.
India's employment outlook rises to 43 pc for April-June this year, hiring sentiment up
New Delhi, March 11: India's employment outlook has risen to 43 per cent in the second quarter of the calendar year 2025, exceeding the global average by 18 points while reflecting strengthening job market, a report said on Tuesday.
Women's employment rate in urban India jumps 10 pc in six years: Report
Chennai, March 7: Women's employment in urban India has jumped 10 per cent in the last six years (2017-18 to 2023-24), according to a report, ahead of the International Women's Day 2025, on Friday.
Small-town women in India see big pay boost as their salaries jump 34 pc in 3 years: Report
New Delhi, March 6: With more women from Tier-II and Tier-III Indian cities joining the workforce, their median salary has increased by 34 per cent over the past three years, a new report said on Thursday.
Hiring grows 10pc in February, demand surges for freshers, skills-based roles: Report
Bengaluru, March 6: India's job market continued its upward momentum in February 2025, with hiring growing 10 per cent month-over-month (MoM), according to a report on Thursday.
Job opportunities for women in India surge by 48 pc, freshers most in demand: Report
Bengaluru, March 3: India's job market is witnessing a significant shift, with job opportunities for women soaring by 48 per cent in 2025 compared to the previous year, a new report said on Monday.
Indian white-collar job market to see hiring surge in 2025 1st half
New Delhi, Feb 27: The Indian white-collar job market is gearing up for a hiring surge, with 96 per cent of employers (up from 92 per cent in 2024) expressing optimism around expected hiring activities in the first half of the year, a report said on Thursday.
Strong hiring demand in EV, AI & Engineering sectors infuses salary hikes expectations of 20-40 pc: Report
New Delhi, February 27: As India's job market continues to evolve, employees are now seeking salary hikes of 20-40 per cent, particularly in high-growth sectors like Artificial Intelligence (AI), Electric Vehicles (EV), and engineering, according to a recent report by Adecco India.
Over 7 in 10 Indian professionals expect salary growth, 20 pc sees no change: Report
Bengaluru, Feb 27: More than seven in 10 (77 per cent) of professionals in India anticipate significant salary growth in their industry, while 20 per cent expect no change and only 3 per cent foresee a decline, a report showed on Thursday.
India's institutional investor sector sees 69 pc surge in hiring: Report
New Delhi, Feb 26: There has been a robust 69 per cent growth in hiring in India’s institutional investor sector over the last two years, driven by a surge in market capitalisation, according to a study conducted by CIEL HR Services.
EPFO adds 16.05 lakh net members during December 2024
New Delhi, February 25: The Employees' Provident Fund Organization (EPFO) has released provisional payroll data for December 2024, revealing a net addition of 16.05 lakh members.
16.05 lakh net members join EPFO in December, young and female payroll additions grow
New Delhi, Feb 25: The Employees' Provident Fund Organisation (EPFO) registered 9.69 per cent growth (month-on-month) in net payroll addition in December 2024 at 16.05 lakh net members, the government said on Tuesday.
Companies' intent to hire freshers rise to 74 pc in India, IT sector rebounds
New Delhi, Feb 20: Several industries in India showcase strong recruitment momentum for the first half of 2025, with their plans to hire freshers rising to 74 per cent, according to a report on Thursday.
Manufacturing jobs at lowest level in 12 years in South Korea amid weak growth
Seoul, Feb 16: The number of jobs in the South Korean manufacturing sector fell to the lowest level in 12 years in January amid weak economic growth, data showed on Sunday.
India's services growth slows to 26-month low in January, but job creation gains momentum
New Delhi, February 5: India's services sector expanded at its slowest pace in over two years in January 2025, as new business growth weakened and demand momentum softened, according to the HSBC India Services PMI data released on Wednesday.
Indian workers to prioritise family time over career advancements in 2025: Report
Bengaluru, Jan 29: Marking a significant nearly four in five (78 per cent) employees in India aim to prioritise family time with spouses, children and parents over career advancement in 2025, according to a report on Wednesday.
DPIIT partners with Apna to boost startup talent and create job opportunities for youth
New Delhi, January 22: Department for Promotion of Industry and Internal Trade (DPIIT) and Apna, India's leading jobs and professional networking platform, have entered into an alliance for talent hunt, the Ministry of Commerce & Industry said in a release on Tuesday.
Hiring in India up by 31 pc in Dec, AI job market booms with 42 pc growth
Bengaluru, Jan 22: India's hiring activity surged by an impressive 12 per cent over the past six months, with a 31 per cent increase (year-on-year) in recruitment in December, a report showed on Wednesday.
Dropping degree requirements, 30% of Indian employers looking to shift to skills-based hiring: WEF
New Delhi, January 18: In a transformative shift, around 30 per cent of Indian employers are looking to adopt skills-based hiring practices by removing degree requirements, a significant increase compared to the global figure of 19 per cent, said World Economic Forum (WEF) in its Jobs Report 2025.
LinkedIn rolls out new AI feature for job seekers and recruiters
New Delhi, Jan 16: LinkedIn on Thursday rolled out a new artificial intelligence-(AI) based feature that can help both employment seekers find the right job and recruiters to get the apt talent.
GenAI adoption projected to transform nearly 3.8 crore jobs in India by 2030
New Delhi, Jan 14: The Generative AI (GenAI) adoption is projected to transform at least 38 million (3.8 crore) jobs in India by 2030, driving a 2.61 per cent productivity boost to the economy through gains in the organised sector and additional 2.82 per cent with the adoption of GenAI by the unorganised sector, a report said on Tuesday.
Urgent upskilling needed to cater 78 million new job opportunities by 2030: WEF Report
Geneva, Switzerland, 8 January: The World Economic Forum (WEF) says that job disruption will equate to 22 per cent of the jobs by 2030.
Italy's unemployment rate hits record low in November: ISTAT
Rome, Jan 8: Italy's unemployment rate fell to a record low of 5.7 per cent in November, the lowest level ever recorded since the historical series began in 2004, the national statistics institute ISTAT said.
Economic growth, rise of AI driving dynamic labour market in UAE
Abu Dhabi, January 4: The UAE's job market has solidified its position as a global destination for professionals seeking opportunities across various sectors. This achievement is attributed to the country's thriving and diversified national economy, supported by an investment-friendly environment that enhances its attractiveness.