Recruiters shift focus from IT as hiring remains slow
Contents News/Article Date: 1st May, 2024
Relating to which Act: The Indian Constitution grants the Central and state governments the powers to enact laws to protect the employees and foster a professional work environment. Based on the industry, nature of the work, number of employees in the company, location, and more, there are various legislations like the Industrial Disputes Act 1947 (ID Act), Factories Act 1948 (Factories Act), and Shops and Establishment Acts in relevant states (S&E Act).
Applicable to which State: Acts and Rules are applicable to all States
Type: Karma Global scaling up recruitment on other frontiers besides IT
Pertains to: Establishments and Employees in all types of Organizations
Relevance of this news: Karma Global since 2004 is backed by 25 years of prior experience since 1979 , operating on Pan India basis and Internationally in Americas and EMEA, helmed by Pratik Vaidya , is a leading giant in payroll management, compliance and governance, human resource services, professional employment staffing and on boarding, recruitment and talent acquisition, advisory and consultations thereby offering a plethora of services with quick turn-around solutions including in-house flagship AI/ML based tech solutions so as to help organizations of different types and stature to perform better in Human Resource ensuring Risk Management, Compliance and Governance across Environmental, Social and Corporate laws and grow bigger
And in this instance – Karma Management Global Consulting Solutions Pvt. Ltd. has clearly defined its role and approach towards Talent Acquisition and Recruitment as one of the vital vertical organs of the Organization besides other business verticals. It has adapted its approach towards Global Acquisition and Recruitment by keeping its eye on the larger picture of providing Global Acquisition Services while retaining its sight on the domestic recruitment business as well
Subject: Recruiters shift focus from IT as hiring remains low
Appended is the complete news item
Karma Management Global Consulting Solutions Pvt. Ltd. has clearly defined its role and approach towards Talent Acquisition and Recruitment as one of the vital vertical organs of the Organization besides other business verticals. It has adapted its approach towards Global Acquisition and Recruitment by keeping its eye on the larger picture of providing Global Acquisition Services while retaining its sight on the domestic recruitment business as well
Karma Global has been playing a vital role in providing talent to tech organizations since last many years and continues to do so in the present market scenario as well. However, besides lining up talent for IT, it does a lot of work for other industries as well, especially in the business of manufacturing, retail, and trade.
The slowdown in hiring in the IT sector has pushed recruiters to bank on other industries like manufacturing, retail, and auto, amongst others, to make up for lost IT business. The development has effectively swiveled the job market 180 degrees from an employee’s market to that of the employer.
About 18 months ago, 80% of the placements were from the IT Sector; now it is 40%. The focus has therefore been shifted and 60% of the permanent placements are now on the back of retail and manufacturing.