The Chinese zodiac says 2025 will be the Year of the Snake, associated with flexibility, growth and change. India Inc is expected to see it all happen as employees will scout for jobs at a quicker pace than the last couple of years. Companies will have to go beyond compensation hikes and look at upskilling their talent with the promise of newer roles if they want to retain their performers.
"Our hiring outlook remains positive in the medium term, especially in high-demand skills such as AI/ML, data science/analytics, IoT, ESG, cloud and digital transformation, while we continue to have aggressive plans to hire in 2025 on the back of strong demand across all our business," said Reena Wahi, partner and head of people, performance and culture, KPMG in India.
While a larger part of 2025 will remain an employer's market, those who manage to get the skillsets in demand are expected to command a premium price during a job shift.
"IT and Global capability centres will see an uptick in the attrition numbers," said Aditya Narayan Mishra, chief executive officer of CIEL HR Services, a staffing firm. "There is also a demand for junior investment bankers at companies headed for listing on the bourses is expected to increase."
India saw a record mop-up of about ₹1.8 trillion in 2024 through initial public offerings (IPOs), according to data collated by Motilal Oswal Financial Services. Analysts expect the momentum to continue well into 2025.
Over the last couple of years, the fast-moving consumer goods (FMCG) segment has seen cyclical hiring and rural consumption is expected to propel the pace of recruitment in 2025. To be sure, demand for goods is likely to remain subdued next year as high inflation hurts real incomes, eroding consumer confidence, market research firm Kantar said in its outlook for 2025.
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Big banks flee climate coalition formed to cut carbon emissions
U.S. megabanks want to leave behind some green pledges in 2024 finance Morgan Stanley, Citigroup, and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses.
Training
Is war a debate, a dilemma or a drama? Or can it be a poem? A class contemplates its many meanings
No End
An idyllic summer comes to a close with the dawn of realisation
Ocean of Spines
Trying to conjure a sliver of the past, and remember to whom a story belonged
What we want to read in 2025
The Lounge team’s list of unread books has only grown longer, while we also revisit and re-read old favourites
Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents must identify themselves before their children can join certain online platforms.
Netbanking 2.0: NPCI pilot to ease mobile payments
You're about to pay for a purchase on a popular e-commerce website from your mobile, but your bank doesn't show up in the netbanking list.
New Angels Rush To Prop Early-Stage Funding Slack
Sports stars, actors and young professionals are taking early bets on new startups
Divided EU allows India to pitch for carbon tax relief
Differences within the European Union (EU) over a looming carbon border tax have given India an opportunity to pitch for some relief from its onerous requirements that are expected to hurt exports to one of the country's largest trading partners.
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan
