Markus Fuhrmann

Women working for organisations that have an edge in gender equality exhibit more loyalty, are more productive, and highly motivated, reports Rica Bhattacharya for The Economic Times, citing the latest edition of Deloitte’s Women at Work survey. They are more likely to recommend a job at their company to other women, and feel more happy with the mental health support provided to them. Women in such organisations are more confident about the career opportunities ahead, the survey finds. Saraswathi Kasturirangan, Chief Happiness Officer at Deloitte India, says that when a company takes action on its policies towards women professionals, it also contributes to overall growth. That said, the survey also talks about return-to-office mandates and how it has resulted in adjustment issues for many women employees. While 41% of women have demanded a reduction in their working hours, 31% believe that return-to-office mandates have impacted their mental wellness. Additionally, nearly 96% of women in India feel that requesting flexible work options from their managers might negatively impact their career progression, the survey finds. Whereas 91% feel uncomfortable discussing work-life balance with their managers. Male employees must also be trained to become better partners both at work and home, says Kasturirangan. Organisations must rethink their policies when it comes to parental care and adult caregiving by offering more day-care provisions, she adds. The survey includes responses from 5,000 women across 10 countries, including India, the report adds. Source: https://lnkd.in/g6PSUQG5 ✍: Divya Pathak 📷: Getty Images #GenderEquity #WomenAtWork

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India's retail sector has seen significant growth in the last few years, The Economic Times reports. And with that, jobs have also surged. New job opportunities in retail rose by 18% last year and it is projected to grow between 15-20% this year, says a recent report by Gi Group. In fact, 52% of retailers are looking to hire fresh graduates this year, the report further says. LinkedIn data shows that retail is one of the fastest-growing industries in India for young professionals with a bachelor’s degree. And software engineer is one of the top jobs in the industry, the data shows. What skills do retail companies look for when hiring a software engineer? “In the retail industry, we seek software engineers who possess a blend of technical prowess and an understanding of retail dynamics. Familiarity with mobile app development and a keen interest in emerging technologies like AI, machine learning, and blockchain can set candidates apart,” says Ramakrishnan KR, HR Strategy at Reliance Retail. The integration of newer technologies and adoption of digital infrastructure have changed the face of retail, says another report by The Economic Times. Therefore, tech innovation is paramount when it comes to driving growth. And software engineers play a crucial role in implementing data analytics, allowing retailers to gain insights into consumer behavior, inventory management, and market trends, Ramakrishnan says. By leveraging these insights, companies can personalise offerings, improve customer retention, and make informed business decisions, he adds. As the retail landscape continues to evolve, understanding changing consumer behaviour is important. So, it is crucial for software engineers in retail to understand the end-users of the technology, which may range from people in a metro city to a remote village, and look at ways to personalise the technology for specific needs and requirements, Ramakrishnan adds. What are the fastest-growing industries for freshers? Check out LinkedIn’s 2024 Guide to Kickstarting Your Career report here: https://lnkd.in/e7XuWz-S ✍️: Divya Pathak 🔢: Yao Huang, LinkedIn's Economic Graph Source: https://lnkd.in/gPhFpHNz

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What has contributed to Bengaluru’s emergence as a key metropolitan force? The city’s role in job creation, startup growth, and technological progress has contributed to it current position, The Economic Times reports, citing a study by UnboxingBLR Foundation. Bengaluru ranks third in company formations after Delhi and Mumbai and generated 800,000 jobs in FY24 — the highest among Indian cities. It has also seen 1,400 startups emerge annually over the last decade, the report says. In the retail sector, Bengaluru outpaced Delhi-NCR and Mumbai, adding 4.25 million square feet of Grade A mall space. “Bengaluru is unparalled when it comes to talent as raw material that can help companies fulfill their dreams,” says Sriharsha Majety, co-founder and CEO of Swiggy. The city, however, continues to face challenges such as poor urban planning and traffic congestion, the report adds. ✍: Preethi Ramamoorthy 📸: Getty Images Source: The Economic Times: https://lnkd.in/e-8miz9W

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The demand for baby care products in India’s Tier 2 and 3 cities has seen a surge, Financial Express reports, citing data by Unicommerce. Bodysuits, feeding spoons, diapers, pants, tops, and vests are some of the products that saw the most demand, the report says. While marketplaces saw a 34% year-on-year growth in order volumes, brand websites saw a 21% year-on-year increase during FY24. What does it mean for brands? Kapil Makhija, MD and CEO, Unicommerce, believes that as it offers an opportunity for traditional and new-age brands to tap into these markets. Additionally, sustainability is big and therefore, brands are also moving towards offering products that are eco-friendly and organic, the report adds. What’s driving this trend overall? Evolving lifestyles and a shift towards nuclear families are a couple of reasons. Additionally, greater awareness about child wellness and development has also led to more parents buying premium child care products. Source: https://lnkd.in/gp25mHMz https://lnkd.in/gi_uA6vg https://lnkd.in/gvq6wBNT ✍: Divya Pathak 📷: Getty Images #SmallerCities #ChildcareProducts

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There has been a shift in the role of HR professionals across industries in the last few years, reports The Economic Times. As a result, new roles are emerging to address the changing needs of both employees and companies. This trend represents the evolving nature of how employee engagement, well-being and performance is being perceived at India Inc. Employee Relations Officer, Chief Empathy Officer, Chief Diversity Officer, and Chief Experience Officer, among others, are some of the emerging roles, the report says. Companies that are open to introducing such roles are likely to have a competitive edge over others in terms of hiring and retaining top talent, say experts. These roles must address the specific need of organisations and must be aligned with business goals which include team productivity and employee engagement, the report adds. Source: https://lnkd.in/gDckXDMs ✍: Divya Pathak 📷: Getty Images

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More international finance firms are ramping up their presence in India, in a bid to make the country their hub for global operations. For instance, American Express opened its largest global centre at Gurugram earlier this month, The Economic Times reports. The company plans to leverage local talent to foster innovation for customers worldwide, says Sanjay Khanna, CEO and Country Manager of American Express, India. Mizuho, Japan's third largest financial services group, set up its global business center in Chennai earlier this year. Investment banking giant Goldman Sachs opened its new centre of excellence in Hyderabad last year. More global accounting firms are setting up shop in India's smaller cities, says an earlier report by Reuters. India’s regulatory and policy environment, steady economic growth, and stable capital market offer companies the right opportunity, says Amit Dixit, Head of Private Equity in Asia for Blackstone Inc. The investment management firm plans to double its office space in Mumbai. Source: https://lnkd.in/d59CRMHZ ✍: Preethi Ramamoorthy 📸 : Getty Images

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Taking charge of your career means not waiting for the perfect moment, but creating it. Be proactive, seek out new challenges, and make your own opportunities. Success favors those who take initiative and shape their own destiny. 💪✨ #MotivationMonday #TakeInitiative #CareerAdvice #Proactivity #Inspiration #CareerJourney #JobLeads #SuccessMindset

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𝐁𝐲𝐣𝐮'𝐬 𝐁𝐚𝐧𝐤𝐫𝐮𝐩𝐭𝐜𝐲 𝐒𝐚𝐠𝐚: 𝐋𝐞𝐠𝐚𝐥 𝐓𝐮𝐫𝐦𝐨𝐢𝐥 𝐃𝐞𝐞𝐩𝐞𝐧𝐬 🚨 The once-mighty edtech giant, Byju's, finds itself embroiled in another storm. Reports allege two executives, Chief Content Officer Vinay Ravindra and Voizzit Technology founder Rajendra Vellapalath, are under US legal scrutiny for allegedly siphoning assets from Byju's US-based subsidiaries—Epic! Creations and Tangible Play—currently under court supervision. A US Bankruptcy Judge is considering sanctions after claims surfaced that the duo drained over $1M in cash, software, and student-used platforms. Vellapalath argued ownership of the units, citing a $100M loan to Byju's, but the court dismissed his claim as lacking credibility. As lenders battle to recover $1.2B and liquidate assets, Byju’s bankruptcy proceedings in India and the US paint a grim picture of mismanagement and financial distress. This case is a stark reminder of the accountability challenges startups face during rapid expansion. How do you think Byju’s could have avoided this downfall? For more updates from the industry follow Jobaaj Stories !!! (the media arm of Jobaaj.com group) #Byjus #EdTech #Bankruptcy #Leadership #LegalChallenges #StartupLessons #jobaajstories

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More than half the companies in India are firmly on their way to increasing the percentage of women in their workforce, Sreeradha Basu reports for The Economic Times, citing a survey by staffing firm ManpowerGroup India. IT, followed by the healthcare and life sciences, financials, and real estate sectors have the highest diversity ratio, the survey finds. Global Capability Centres (GCCs) in India have also seen an increase in female technologists to 30% in FY24, compared to 26.6% in FY20, The Times of India reports, citing data from Quess Corp. However, the number of female employees in mid and senior-management positions remain low, the data shows. Caregiving responsibilities, limited career growth opportunities, and poor work-life balance are a few factors leading to attrition of female employees, the Times of India report says. Internal leadership development programmes and flexible work policies would help when it comes to retaining and attracting talent, the ManpowerGroup survey finds. Additionally, an inclusive organisational culture is crucial. Sandeep Gulati, Managing Director of ManpowerGroup India and Middle East, says that companies in India have restructured their hiring strategies and made it compulsory to hire women across sectors at all levels. With the help of technology, organisations have also incorporated flexibility into their workflows and are offering specialised programmes for women who are returning to work after a break, he adds. Connecting women with female role models is also critical, says Ushashri Tirumala, Executive Vice President and General Manager at Manhattan Associates. Source: https://lnkd.in/gEbthaBh ✍: Divya Pathak 📷: Getty Images #WomenAtWork #DEI

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Smaller cities are leading the way when it comes to video commerce, The Economic Times reports, citing data from Flipkart. Consumers in Tier 2 and 3 cities accounted for 65% of all video commerce engagement between May 2023 and June this year. The most in-demand categories were beauty, fashion, personal care, and home furnishings, the data shows. As a shopping format, video is gaining traction, especially among women in Tier 2 and 3 regions, and Gen Z and millennial customers, the report says. In fact, D2C brands, sellers, and farmers are increasingly relying more on video offerings. Reason? Reliability, interactivity, trust, and ease of access. Overall, Indians spent more than two million hours on Flipkart’s video commerce segment, the data shows further. Not only video or online commerce, but the retail sector is booming across India’s smaller cities, according to an earlier report by The Economic Times. The total retail stock in 14 Tier 2 cities crossed 29 million sq.ft. last year, with Lucknow, Jaipur, and Chandigarh taking the lion’s share, says CBRE data. Source: The Economic Times - https://lnkd.in/gE8JunwJ, https://lnkd.in/gRtmNMKT ✍: Abhiraj Ganguli 📷: Getty Images #ECommerce #VideoCommerce #Tier2 #Tier3 #Retail

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NEWS UPDATE: Smartphone Sales and FMCG Strategies in India Smartphone sales in India slowed in the June quarter, reports The Economic Times, citing Counterpoint Research. Major brands like Apple, Samsung, and OnePlus saw reduced shipments due to inventory pileups and a dip in demand. Contributing factors included heatwaves and general elections. However, Vivo and Xiaomi performed well with leaner inventories. Despite a sluggish overall market, premium smartphones remain in demand, driven by discounts and the upcoming festive season. Premium segment sales grew 64% over the past year, with Apple leading the high-end market, capturing a significant share of the $920+ price range. Apple's sales surged 33% to a record $8 billion in India, with one-third of smartphones financed through loans, boosting sales of expensive models. Apple and Samsung dominate over 90% of the premium market, with AI features becoming a key trend. In the FMCG sector, global giants are expanding in India, capitalizing on strong growth. Unilever's volume growth accelerated by 3.8%, and Coca-Cola’s lightweight bottles saw over 400 million transactions in the first half of the year. Companies like Reckitt Benckiser, Mondelez, PepsiCo, Domino's, Levi's, and AO Smith also reported significant growth. Premium categories have surged by 35% by volume and 53% by value in the past two years, according to Kantar. To tap into rural markets, FMCG leaders such as ITC Limited, Hindustan Unilever, and Nestlé are enhancing their strategies. These include introducing low-unit packs, expanding distribution networks, and implementing localized marketing initiatives. The focus on rural areas, which account for 35% of FMCG sales, aims to boost accessibility and drive brand loyalty through targeted engagement and tailored pricing strategies.

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The recruitment landscape is changing, with automation and tools like Applicant Tracking Systems (ATS) leading the way, reports People Matters.🤖 These tools automate repetitive tasks such as screening resumes and scheduling interviews, saving recruiters’ valuable time. ⏰By 2025, 60% of global midmarket and large enterprises are expected to have adopted recruitment automation, indicating a strategic shift towards data-driven hiring practices.📊 Is your hiring process ready for the future?🚀 Reach out to us to elevate your recruitment strategy! Sign up today: https://lnkd.in/gHTAxtWy ✍️ #HRtech #Automation #ATS #FutureOfWork #DataDriven #TalentAcquisition #HRstrategy

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Banks are seeing a decline in middle and lower-end jobs, The Economic Times reports, citing data from a study by the Reserve Bank of India (RBI). The ratio of officers to support staff has changed from 50:50 in FY11 to 74:26 in FY23, the report says. The number of professionals and technicians increased during the same period. Reason? The financial sector is undergoing significant changes due to advancements in digital technology, the report says. RBI Governor Shaktikanta Das says that the increased usage of digital channels will create HR challenges in the industry. Hence, banks must invest in upskilling, he adds. And when it comes to upskilling, banks must move away from traditional learning and development methods, the study recommends. Source: The Economic Times - https://lnkd.in/e6hZPBKz ✍: Preethi Ramamoorthy 📸: Getty Images #Bank #BankJobs

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Fresher hiring in India’s software services companies recorded a two-decade low in FY24, Ashutosh Mishra reports for Business Standard, citing data from HR firm Xpheno. While 200,000 freshers were hired annually before the pandemic, the FY24 count stood between 60,000 and 70,000, the report adds. Due to a global slowdown in demand, there’s been a decline in recruitment across top IT companies. According to Alliance University’s Vadivelan Gopal, additional hires from 2022 and 2023 are currently being integrated into the workforce after going through training programmes. And Nascent Information Technology Employees Senate’s President Harpreet Singh Saluja shares that 10,000 freshers who got job offers in the last two years are yet to be onboarded. However, there are prospects for young graduates in sectors like BFSI, manufacturing, consulting, hospitality, retail and consumer goods, Uma Kannan reports for The New Indian Express. So, how can young professionals increase their chances of getting hired? XLRI Delhi’s Dean of Academics Rajeev Roy shares the following tips: ✅  Include micro credential and certifications in applications to highlight in-demand skills. 📝 Mention projects, internships, case competitions, and participation in committees. 📄 Customise CV with relevant keywords. ➡ How can students improve their employability skills while in college? Share your take in the comments below. Sources: https://lnkd.in/g_uMa7RC Business Standard: https://lnkd.in/g6tnzQMs The New Indian Express: https://lnkd.in/ghuPpQdD ✍: Dipal Desai 📸: Getty Images #freshers #hiring

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The demand for high-value insurance coverage is increasing, especially among high-net-worth individuals (HNIs) in India, The Economic Times reports, citing a Policybazaar study. More HNIs are opting for high-value policies of ₹20 crore over the last few years, the report says. This reflects an evolving sense of risk management and financial planning among this segment. “The increasing demand for high-value term insurance policies highlights the importance of growing awareness among HNIs,” says Rhishabh Garg, Business Head, Term Insurance at Policybazaar. The demand is concentrated in cities including Delhi-NCR, followed by Pune, Hyderabad, and Visakhapatnam. More individuals are also opting for customising their coverage with suitable riders to ensure an additional layer of protection. Source: The Economic Times - https://lnkd.in/exaTgExS ✍: Preethi Ramamoorthy 📸: Getty Images #Insurance #HNIs #HighValueInsurance

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Quick commerce players in India are now using data to select a location to launch their dark stores, Financial Express reports. The data points include shopping patterns, traffic in the area, road condition, demographics, and internet penetration, the report says. As the quick commerce market has seen significant growth in the last couple of years, opportunities in the sector are huge, the report says. In fact, this year the market is set to generate a revenue of $3,349 million. As a result, quick commerce players are looking to launch more dark stores to cater to consumer demand. Shashank Randev, Founder, VC and Co-founder of 100X.VC, says that companies are employing data-driven models to offer enhanced warehousing services and delivery logistics. Additionally, to ensure smooth delivery, these players also have strategically located primary and secondary stores to take orders during peak traffic hours, the report says further. When it comes to choosing a location for these dark stores, gauging transportation networks, connectivity to major roads, and availability of storage facilities is paramount, says Ankur Bansal, co-founder and Director of BlackSoil Capital. To ensure a competitive advantage, it is important for quick commerce companies to maintain secrecy about the location of such stores, the report adds. Source: https://lnkd.in/gXfrf-7P ✍: Divya Pathak 📷: Getty Images #QuickCommerce #DarkStores

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More green jobs are emerging as India makes a greater push for renewable energy adoption, The Economic Times reports. India is one of the leading countries globally when it comes to installed capacity of solar and wind energy, according to the International Renewable Energy Agency. The country had also pledged at COP26 in 2021 to reduce emissions by one billion tonnes, generate half of all electricity needs from renewables, and reach a capacity of 500 GW of non-fossil fuel electricity by 2030, the report says. In line with these targets, hiring across the solar energy sector is on the rise. AdSolar currently employs around 2,500 people in operations and maintenance, and support functions, and is expected to create more than 13,000 jobs at its solar manufacturing hub in Gujarat, the report says further. Tata Solar Power employs around 1,000 people at present and is expected to hire more in the next few years. Kolkata’s Vikram Solar and Bengaluru-based Emvee together employ hundreds of professionals across varied functions. India has the capability to create 35 million green jobs by 2047, adds the report. Source: The Economic Times - https://lnkd.in/gvD6Pt-6 ✍: Abhiraj Ganguli 📷: Getty Images #GreenJobs #RenewableEnergy #SolarPower #GreenSkills

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8X Ventures — an early-stage venture capital firm — has closed the first round of its second deeptech fund at ₹200 crore, The Economic Times reports. The fund is looking to back 18-20 early-stage deeptech startups in India over the next three years, with initial investments ranging between ₹2 crore and ₹5 crore. It also has an additional green shoe option of ₹100 crore, the report says. Which sectors will it focus on? Water, sanitation and hygiene, advanced computing, biotech, Industry 4.0, and B2B enterprise SaaS, the report says further. The firm will back startups with accessible markets, developed tech, and sustainable advantages in terms of competition. Chirag Gupta, Managing Partner of 8X Ventures, said that India’s deeptech landscape offers opportunities for better returns than those of the United States, Europe, Singapore, or West Asia. In the last few months, several VC and venture debt firms have raised funds, including Stride Ventures (₹1,377 crore), IvyCap Ventures (₹2,100 crore), and Filter Capital (₹800 crore), among others, the report adds. Source: The Economic Times - https://lnkd.in/gCq_NV4r ✍: Abhiraj Ganguli 📷: Getty Images #FundingAlert #StartupFuding #DeepTech #VCFund #EarlyStage

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It's time to stay informed about tomorrow’s opportunities. Get expert guidance from LinkedIn's CEO, Ryan Roslansky covering from India’s tech job market to evolving career opportunities. So, why wait? Read Times Techies every Wednesday and Friday on TOI for the latest insights. Subscribe to Times of India today if you haven’t already, and stay ahead with the latest tech trends and innovations! 👉 https://lnkd.in/g3j7SPdg #TimesofIndia #TimesTechies #technology #technews #AI #IT #LinkdIn #ryanroslansky #Indiatech

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