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Business Standard

'Infant attrition' rising, accounts for 10-15% of labour movement: Report

Poor work-life balance, flexibility, and job dissatisfaction are leading to 4-5 per cent annual increase in 'infant attrition' -- employees quitting within six months of joining -- mainly in sectors like consumer durables, IT, and software, and BFSI, a senior executive of TeamLease Services said. "Infant attrition in India, mainly seen in the 22-32 years age group, is growing annually at 4-5 per cent and is mostly driven by factors like poor work-life balance and flexibility, which is particularly important to younger workers, job dissatisfaction, inadequate onboarding, insufficient compensation, making employees seek better opportunities," TeamLease Services Chief Strategy Officer Subburathinam P told PTI. Lack of career development opportunities, culture of the organisation, work environment, managerial impact, and changes happening in the family are also prompting new hires to leave in search of environments where they can grow and advance, he said. Infant attrition can also impl

Hindustan Times

Good news for freshers: 72% employers want to hire you in second half of 2024

Around 72 per cent of employers in India wish to hire freshers in the second half of 2024, as per report released by TeamLease EdTeach.

Business Standard

Automation paves way for women in originally male-dominated mfg sector

With the country moving towards becoming a USD 35 trillion economy by 2047, the manufacturing sector is rapidly adopting automation which is expected to increase recruitment of women, helping companies become more inclusive, a TeamLease Services senior executive has said. "These companies have begun adopting automation in phases in these male-dominated sectors and have started recruitment of women. We expect that with the increase in adoption of automation in these industries, companies will recruit more and more women going forward," TeamLease Services Chief Strategy Officer Subburathinam P told PTI. He further said that, in the manufacturing sector there are several challenges that companies face while becoming more inclusive like the deep-rooted societal norms and discrimination, a lack of diverse role models and leaders, and poor work-life balance. "In India's manufacturing sector, women are significantly underrepresented, making up only about 15-20 per cent of the workforce. ..

The Economic Times

Telecom hiring may lose steam in FY25

India will need a 22 million skilled workforce by 2025 to operate hardware and software-defined networks and support 5G-centric technologies such as IoT, AI, and robotics, estimated Sumit Kumar, chief business officer, TeamLease Degree Apprenticeships. Overall, the telecom sector is expected to employ 6.79 million workforce in the ongoing fiscal, having grown at a rate of 29.5%, according to TeamLease.

Business Standard

Companies resort to 'office peacocking' to retain, lure employees: Report

To retain employees and bring them back to office, many companies are resorting to 'Office Peacocking', which involves creating a swanky or fancy work space, and spending huge amounts of their budget on attractive designs, says industry experts. The 'Office Peacocking' concept gained significant traction in India post-Covid, as companies sought to entice employees back to the office following the remote work shift induced by the pandemic in order to compete with the comfort of home offices, human resource service provider TeamLease Services CEO-Staffing Kartik Narayan told PTI. Peacocking involves redesigning office spaces with stylish decor, trendy furniture, cosy corners, natural light, and well-stocked pantries to create an inviting and vibrant work environment. The goal is to make the office more attractive and enjoyable for employees, enhancing their willingness to return to in-person work. "Companies are allocating a substantial portion of their budgets for office redesigns. .