Releasing a report on India’s Services Sector: Insights from Employment trends and State-Level Dynamics on Tuesday, NITI Aayog said services employment rose to 29.7% in 2023-24 compared to 26.9% in 2011-12 with 40 million jobs created in the last six years. However, it still lags the global average of 50%, reflecting a slower structural transition, it said, suggesting the need for structural reforms, fast-tracking social protection, digitising informal worker registration and formalising care services to boost formal employment in the services sector.
IIM Calcutta's summer placements for its MBA program saw 470 students receive 510 offers from 183 recruiters. The average monthly stipend was Rs 1.85 lakh, with the highest domestic and international stipends reaching Rs 4.5 lakh and Rs 6 lakh respectively. The placement week featured diverse roles across various sectors, supported by legacy and new recruiters.
Indian employees are actively participating in volunteering, with 31% engaging in activities last year, exceeding the global average. Smaller firms are leading this trend, showcasing a 44% workforce participation rate. This surge is driven by a young workforce valuing purpose, alongside efforts to combat workplace mental health challenges and foster a sense of belonging.
India has emerged among the countries with the smallest gender pay gaps globally, with median salaries for men and women nearly equal, according to Deel’s 2025 Compensation Report. The widest disparities were found in Canada, France, and the US.
The National Hydroelectric Power Corporation (NHPC) has released the JE admit card 2025 for the upcoming exam on October 29. Candidates can download their hall tickets from the official website using their registration details. The admit card contains crucial exam information, and candidates are advised to verify it promptly and report to the center with required documents.
Companies are now preferring internships over final placements to hire talent. This allows a longer assessment period for both companies and candidates. Leading business schools are seeing this trend grow. Deutsche Bank and L&T are among firms actively recruiting through internships. This strategic approach ensures better fit and retention for future leaders.
New workplace buzzwords like 'anti-perks' and 'bare minimum Mondays' reflect evolving employee expectations and industry trends. These terms, often born from social media, highlight issues from disengagement to the desire for work-life balance, signaling a shift in workforce norms and challenges.
State Bank of India is set to recruit approximately 3,500 officers to strengthen its operations. The bank is also focusing on increasing its women workforce to 30 percent within the next five years. This initiative aims to enhance gender diversity across all levels of the organization. SBI is implementing various programs to support women employees and foster leadership opportunities.
Manufacturing firms are bringing in new leaders from outside. Most senior hires were external appointments. Leadership changes were most frequent at the CEO and MD levels. This indicates companies are preparing for digital transformation and new supply chains. The automotive sector saw the most activity. Women are more likely to be promoted internally, but still lag in overall representation.
The Central Board of Secondary Education has not yet announced the CTET 2025 examination details. Registration will commence on ctet.nic.in after the official notification. The CTET tests eligibility for teaching positions in central government schools. Candidates with D.El.Ed. or B.Ed. can appear for both papers. The examination structure includes Paper I for primary and Paper II for upper primary levels.