The volatility of India’s labor market remained high for yet another month. According to information from the Centre for Monitoring Indian Economy (CMIE), more than 1.5 million people lost their jobs in August. This brought the national unemployment rate up to 8.32 percent—erasing signs of positive job growth from July. It’s no secret that the…
Since the outbreak of the COVID-19 pandemic, remote work opportunities took off in India—and they haven’t slowed down since. According to a recent LinkedIn study, the percentage of paid job postings on LinkedIn that offered remote work in 2020 had grown 35 times compared to the beginning of the year. As of May 2021, the…
Job opportunities for women in the Indian workforce have been hard to come by in recent years. According to data from World Bank, women comprised only 20.3% of India’s labor force in 2020 compared to a global average of 38.9%—a startling statistic that highlights the shrinking size of the Indian female workforce. Further accentuating this…
Innovations in business models are required how health care organizations currently prevent, diagnose, monitor, and treat disease. They should also consider building pilots before investing in scale, learn to embrace change, and evaluate new revenue sources. And, organizations should strive to be agile in anticipating and adjusting their strategies as innovations continue to evolve. Artificial…
According to a report from Naukri JobSpeak, hiring and recruitment activity in India has risen by up to 5 percent in July amid the gradual easing of lockdown revocation and resumption of critical industries. The analysis takes a deep dive into sectors such as staffing and recruitment (37%), media and entertainment (36%), and construction/engineering (27%),…
By Navin Gautham P., Director and Country Head, Acara Solutions India A report by Redseer and Omidyar Network India states that the pandemic has been a total game-changer for India’s EdTech sector. Online education for grades 1 to 12 is most likely to spike by more than 6 times its current rate by 2022,…
Interview with Ms. Siju Leela Rajan, P&O (People & Organization) partner, Novozymes The recruitment and hiring process has certainly undergone a drastic change over the past several months. As organizations have dealt with the rising global health crisis, companies have shifted their recruitment strategy to align with virtual platforms. Amid the pandemic, Acara’s partners have also modified their recruitment and hiring strategies not just nationally, but globally. We sat down with…
According to a 2018 report by NASSCOM, there is a huge gap between the supply and demand for talent in AI and Big Data Analytics. By 2021, job openings in these sectors are expected to rise by 230,000—but there won’t enough qualified job seekers to meet the demand. With an estimated talent pool of only…
The post-millennial and current Gen Z are all about disruption in the technology space, which has grown from one or two fields with limited number jobs to many fields and numerous job openings. The technological revolution is at its best right now, and any technical skill added to a job seeker’s resume can be helpful…
In 2018, we witnessed a strong demand for talent in countless positions across many different industries—especially in mid- and senior-level management roles. As we look further into 2019, we expect Indian industries to experience continued growth, with most of the economic sectors looking to hire the best talent in some of the fastest-growing markets in…
