Hiring in India Picks Up 35 percent from April to June: LinkedIn

LinkedIn, the world’s largest online professional network, today announced findings of the ‘Labour Market Update’, a monthly update on hiring trends and insights based on LinkedIn's Economic Graph, a digital representation of the Indian economy.

While the world continues to navigate different stages of the coronavirus, LinkedIn’s Economic Graph team has been closely monitoring the pandemic's disruptive impact across the global labour market. These findings are crystallized into the LinkedIn ‘Labour Market Update’, which highlights the hiring rate in India, overall hiring sentiment across industries, competition for securing jobs, and the top jobs and skills in demand. Findings show that there has been a significant hiring rebound as the country started 'unlocking' and more people returned to work. However, the pace of these gains are expected to slow down given the continued economic uncertainty.

1.    Between early-April to end-June, hiring increased by 35 percentage points: In India, hiring declines reached a low of below -50% year-on-year in April, before starting to slowly recover.  The hiring sentiment stands at -15% year-on-year as of the end of June. As risks of second-wave of infections emerge, some states have imposed lockdown measures again. Given this uncertainty, the recovery is expected to remain fairly flat in the coming weeks. 

*The analysis looks at the year-on-year changes in hiring rate, which is a measure of hires divided by LinkedIn membership. The analysis was conducted for the period of 11th Feb to 30th June 2020. 

Data also suggests that the gap between hires for males and females has narrowed from about 40 percentage points in February to around 30 percentage points in June.

This trend is observed across all sectors except for Manufacturing, Finance and Software & IT.

2.  Competition for jobs is heating up: Competition for jobs has doubled compared to 6 months ago, with the average number of applications per job posted on LinkedIn increasing from around 90 in Jan 2020, to 180 in June 2020.

3.  Recreation & Travel and Retail professionals are more likely to look for jobs in a different sector, compared to pre-COVID period: Compared to the pre-COVID period, data suggests that job seekers who are currently in the affected sectors (such as Recreation & Travel) are 6.8 times* more likely to look for jobs in a different sector, compared to pre-COVID times. Data further suggests that those in the retail sector are 2.4 times* likely to apply for a job in a different sector. The analysis looks at how job seekers in different industries are adapting to changes and adjusting their jobs search strategy. 

*The measure here calculates the likelihood that a member in a certain sector has applied for a job in a sector different to their own in June 2020 (post-COVID) compared to June 2019 (pre-COVID). A score of 2 here would suggest that a member in Industry A is twice as likely to apply to a job in an industry outside of Industry A. 

4.  The demand for disruptive skills tops the charts in June 2020: The Labour Market Update also highlights roles that are in demand today and are expected to remain relevant in the near future. These roles have the greatest number of job openings on LinkedIn, have seen steady growth over the past four years, pay a liveable wage, and require skills that can be learned online.

These are the top 5 in-demand jobs and skills:

1.    Jobs: 

·         Software Engineer

·         Business Development Manager 

·         Sales Manager 

·         Business Analyst

·         Content Writer

2.     Skills:

·         JavaScript

·         SQL 

·         Sales Management 

·         Team Leadership 

·         Recruiting

BPO and IT Sectors Lead Talent Demand Recovery with Double-Digit M-o-M Growth: RecruiteX

* BPO (15%), IT (10%) and BFSI (7%) emerged as the top three sectors with maximum M-o-M growth in talent demand in July 2020   

* BFSI – had shed most talent demand in June 2020 - picked up the pace and gained 7% growth in talent demand in July 2020 M-o-M study

* Customer Services/Tele Calling, Front Office/Administration and IT/Telecom were the most sought after job profiles in July 2020

* Vadodara (over 30% growth) and Hyderabad/Secunderabad (16%) were the top gainers for talent demand in July 2020 study

* Professionals with 5-10 years of experience were most in-demand in the review month

With ‘recovery’ as the key focus in ‘Unlock3’, talent demand is already picking pace as BPO and IT/Telecom sectors noted a double-digit growth in July 2020 analysis. TimesJobs RecruiteX noted that BPO (15%), IT (10%) and BFSI (7%) emerged as the top three sectors with maximum M-o-M growth in talent demand in July 2020.      

TimesJobs RecruiteX is a monthly recruitment index that records the demand and supply of talent at India Inc.

Overall, talent demand in July 2020 grew by 2% M-o-M, pushed largely by growth in high volume sectors like BPO, IT and BFSI.

Talking about the details of RecruiteX July 2020 edition, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The talent demand trends for July 2020 are heartening. Though the overall growth in July 2020 is only 2% since it’s based largely on high volume sectors as BPO, IT and BFSI, I’m very confident that this trend will continue in the coming months. I foresee the talent demand to pick up from here on as India Inc has actively started working towards the road to recovery. Smart companies are, now, focussing on constructive learnings from this difficult situation which would help them to grow in future. ”

Industry-wise (MoM growth):

Following its growth pattern of June 2020, the BPO sector saw an impressive 15% M-o-M increment in talent demand in July 2020 too. The IT/Telecom and BFSI sectors had witnessed (-6%) and (-2%) de-growth respectively in June 2020 but bounced back in July 2020. Here are the top three sectors for talent demand in July 2020:

·         BPO: 15%

·         IT/Telecom: 10%

·         BFSI: 7%

Functional areas:

Customer Services/Tele Calling job profile jumped from 4% growth in talent demand in June 2020 to 18% growth in July 2020. On the other hand, Front Office/Administration profile had clocked 21% growth in June 2020, but could only register 11% growth in July 2020 analysis of talent demand. Here are the top three job profiles as per talent demand in July 2020:

·         Customer Services/ Tele Calling: 18%

·         Front Office/ Administration: 11%

·         IT/Telecom: 8%

Location-wise:

Most talent demand in July 2020 was posted in Tier-II cities, with Vadodara recording a growth of over 30%. Among the metropolitan cities, Chennai saw the most growth with 10% increment. Mumbai and Delhi noted 8% and 1% growth in July 2020. Bengaluru noted de-growth of (-7%) in July 2020.  Here are the top three cities as per talent demand in July 2020:

·         Vadodara: over 30% growth

·         Hyderabad/Secunderabad: 16%

·         Ahmedabad: 11%

Work experience-wise:

Professionals with 5-10 years of work experience were most in demand, and this category noted 11% M-o-M growth in talent demand. Here are the categories of work professionals as per talent demand in July 2020:

·         5-10 years of work experience:11%

·         2-5years of work experience: 8%

Springboard Secures $31M in Series B Funding Led by Telstra Ventures

Springboard, a mentor-guided online learning platform that prepares people for in-demand careers, announced today it has raised $31 million in Series B funding, bringing its total capital raised to more than $50 million. This round was led by new investor Telstra Ventures, with participation from Vulcan Capital and SJF Ventures, and returning investors Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation (IFC), 500 Startups, Blue Fog Capital, and Learn Capital. 

Springboard launched India as its first geography outside the USA in 2019 and has placed its learners in Fortune 500 and world-renowned companies such as Samsung, Salesforce, Visa, LinkedIn, Cisco. The latest round of capital will enable Springboard to double down on student employability in response to the current job market in India and globally, by creating new hiring-focused products and strengthening employer partnerships to help graduates land their dream careers. 

Since inception, Springboard’s programs were designed to be entirely online, yet heavily supported by human interactions with mentors and a network of career experts. The new capital infusion will help Springboard further support job-seeking graduates by building several innovative tools for India and global markets:

The Hireability Forecaster, which provides early indications of student success and potential employability roadblocks by combining the power of Springboard’s predictive technology and the insights from its global community of almost 1,000 industry mentors. With 80% of Springboard mentors indicating they would hire their mentee, mentors and coaches will have the ability to indicate student achievement and intervene to course correct if students fall behind. 

Springboard Introductions, which offers Springboard students personalized, targeted introductions and job referrals from its community of over 13,000 mentors, alumni, fellow students, and employer partners that collectively represent over 50% of the Fortune 500 across 108 countries. Candidates who are internally referred are 15 times more likely to be hired than those who apply on a job board.

Student-Job Fit Recommender, an AI-driven job matching tool, which recommends open roles at Springboard’s employer partners that match each student's unique background and skill set. 

"India is witnessing one of its toughest challenges owing to the recent job losses that have impacted a large section of the workforce. It is therefore imperative for displaced workers to make the difficult transition into new, in-demand careers,” said Parul Gupta, Co-founder, Springboard. “Our remote-first, mentor-guided model is uniquely positioned to serve not only these individuals, but also universities and employers who need help navigating today's new economic reality. We're delighted to partner with a great group of investors, as we continue on our mission to transform over one million lives by 2030."

“Technology used to be a niche area but that’s no longer the case. As more and more companies are built on tech, the need to understand concepts like Data Science, AI, ML, UI/UX has become more homogenous. For learning to be meaningful, it needs to encompass state-of-the-art curriculum with real-world projects as well as mentorship and that is what Springboard stands for. With this funding we are in a good position to build on our strengths to provide in-demand job skills and holistic support at every step,” said Vivek Kumar, Managing Director, Springboard.

“The education sector is facing a tectonic shift. As enterprises and countries alike seek more and better talent with digital skill sets, the technology training market is set to explode,” said Albert Bielinko, Principal, at Telstra Ventures. "We invested in Springboard because the strong educational and job placement outcomes achieved by its students are a big differentiator. Springboard's highly personalised approach is built with the online learner in mind first, not as an afterthought, and offers a life-changing value proposition for Springboard's graduates.” 

Started by co-founders Gautam Tambay and Parul Gupta in 2013, Springboard pioneered a learning model that has enabled thousands of successful career transitions into the most in-demand technology fields via its job-guaranteed programs that are taught entirely online. Unlike most online learning companies that stop at teaching technical skills, Springboard focuses on employability -- 94% of eligible graduates secure a job within a year, earning an average salary increase of $26,000. Springboard’s unique strength is its remote-first yet human-centric approach that matches each student 1:1 with a personalized mentor—an industry professional working in their chosen field—who provides weekly feedback to keep students motivated and accountable. This approach has resulted in 330% student enrollment growth from June 2019 to June 2020. 

Furthering its commitment to student employability, Springboard is expanding its career services. It has tripled the number of virtual apprenticeship opportunities to build portfolio-worthy content and provide real-world work experience. The career services team has grown its career coaching capacity by 4x to provide more access to office hours, mock interviews, and a team of placement experts assigned to each student. To provide additional support during the job search, Springboard has extended its professional mentorship after program completion. 

In the coming months, Springboard plans to grow its industry-leading course offerings outside the high-tech industry to include additional skills gap disciplines. The company will also look to deepen its partnerships with universities and employers, enabling them to adapt to evolving reskilling needs in a post-pandemic economy.

India Angel Fund Invests in Mental Wellness Startup - IPHM Services

IPHM Services has succeeded in raising a seed round of funding from India Angel Fund, most of them Women Entrepreneurs, also first time angel investors.

New age healing assistance, IPHM Services (Integrated Personalized Health Care Management), helps design programs and workshops for the psychological well-being of individuals and employees of large organizations. 

Founded by Dr. Sachin Bhavsar, IPHM believes that the Heart, Body, Mind and Soul are four pillars of life and an integrated system that needs constant nurturing. Their services aim to assist individuals to reach their own potential by developing skill sets within them, pertinent for their good health, emotional and mental well-being. 

An influx of funds would mean training more individuals, employees and aspiring entrepreneurs to reach their potential growth and increase general productivity within an individual. Afterall, all these aspects are interlinked and a positive push in any direction would enhance our own offering. 

Speaking on this fundraise, Dr. Sachin Bhavsar, Founder - IPHM Services said, "While we have always believed in nurturing the four attributes for a healthy living, there is also very little awareness of the real-time applications and the rapidly evolving technological advances in the healthcare system. This infusion would mean creating cognizance at the grass-root level and would definitely ameliorate the overall health economy."

Being a subject matter expert and an integral part of IPHM Services, Sneh Kulkarni, Co-founder – IPHM Services remarks, "There was always a need-gap between awareness about mental health and real-time use of technology in the healthcare system. We are now one world that has been connected digitally and therefore, it becomes easier to really understand societal structures and socio-economic backgrounds. This enables us to understand the different cultures that people come from, and offer a personalized approach to helping these individuals."    

First time angel investor and an alumni from IIM Ahmedabad, Monaliesa Sarkar said, “I have been working actively with various NGOs and government bodies in Delhi NCR and I cannot stress enough on the need for more startups to emerge in the mental health space. I also love the fact that an inspiring person like Dr. Sachin is matched by a powerhouse of energy which is Sneh Kulkarni. I am also kicked that this deal is led by women angels like me, Jyoti, Koel and Sabana and we have a woman entrepreneur like Sneh. I have always advocated that Women Angels should actively lead from the front and back other Women Entrepreneurs.” 

Women are now stepping up as angel investors and putting their energy, time & money in industries that are not only growing but are also adding value to the well-being of the nation. Speaking on this, women entrepreneur Jyoti Tiwari said, “I have been a healthcare professional for more than 15 years and absolutely agree that mental health is the key to overall health and wellness and our immunity can only be built by working on the MIND and not just the body. I am also making my first angel investment and just love the fact that it's a woman co-founder like Sneh Kulkarni on the other side apart from the inspiring Dr. Sachin.”

The third women angel investor on this project is a powerhouse with 17+ years of experience in corporate retail and also runs a successful startup. Koel Dutta said, “Having been a professional for 17 + years and having successfully exited from my last startup TieKart, I am now making my first Angel investment thanks to my old friend Rahul Narvekar and I am sure we 4 women angel investors can work with mentoring Sneh on how to build this company, since I have also run a successful startup.”    

The 4th women Angel Investor Sabana Khatoon also an IIM A Alumni, wearing multiple hats as a business woman, active in various initiatives in Kolkatta from helping run TEDxChowringhee to various entrepreneur networks said, "Being a single woman entrepreneur and having myself seen so many cases in the past few months of mental health issues, I am quite excited to make my first Angel Investment and that to with Sneh Kulkarni and Dr. Sachin.”. 

“Being a Doctor I always tell everyone that mental health manifests into physical health and especially in such challenging times, it is more so. I am awed by the personal journey of Dr. Sachin, multiple surgeries, amputation and still he is so positive and an absolute role model for everyone. I also love the positive energy that all the women here bring as a team. This is also my first Angel investment and I like the fact that it's in a space I am personally involved in too”, said Dr Vikaas Grover, a doctor by profession and a startup enthusiast.

India Angel Network has made another seed investment of Rs. 25 lakhs into IPHM Services. Speaking on this deal Rahul Narvekar, Co-founder IAF said “Mental Health is a subject which has been amplified in mainstream conversations recently and especially in these times of uncertainty and fear and overall negative atmosphere, it has brought home the fact that we need to openly talk about this but also address and heal. I was introduced to Sneh and Dr. Sachin by Rajiv Dabhadkar and was completely awed by their dedication and deep domain expertise in this space. Dr. Sachin’s personal journey is a story of grit and determination and that is the key ingredient for any entrepreneur. Interesting to note that this has turned into a women dominated deal. We have an awesome majority of women entrepreneurs and I believe that women make the best entrepreneurs, CEOs and Angel Investors. Women do multitasking routinely, are more open about sharing and are natural care givers and that’s what mental health platforms need. Also all the four Angel Investors are first time Angels and I would LOVE to see more women become Angel Investors.”

About Integrated Personalized Healthcare Management Services

The USP of the IPHM service is “Nurturing health in heart, body, mind, and soul. IPHM believes that this is an integrated system that works on these four pillars. If one fails then life becomes unbalanced. IPHM offers services such as Stress management, Women wellness, Child and Adolescent Psychology.

Integrated HR is the Programme designed by Integrated Personalised Healthcare Management for the Corporates. IPHM evolves into the mainstream functions of organisations, the remote work revolution predicts further possibilities and is here to stay. Every organization needs to make new strategic choices and also equally need to take care of employee’s mental health.

Restrategize Your Workspace with Qpro by Qdesq Across India

Qdesq recently launched Qpro, a new vertical to accelerate the restrategizing of workspaces. As the world is amidst the battle with COVID-19, people who started work from home are still sticking to it post lockdown. The fear of the pandemic is restricting many professionals to step outside of their homes and sit out of office. 

Qpro provides on-demand dedicated desks and promotes work near home. You can book any number of desks and pay monthly. Qpro stresses highly on the word 'flexibility' and hence ensures no-security deposits and no lock-in period. 

The traditional days of having a single office are to be left behind. The new world workforce seeks flexibility to work from anywhere. The head office should be reformed as the place for top executives and conduction of data-sensitive operations. While the teams can work remotely from various managed offices. Qpro acts as the business contingency plan and creates a framework to segregate your team in various offices inter/intra city and puts your business back in action. 

"Qpro will enable all firms to have a financially prudent and productive parallel to work from home, having a fruitful workspace with no strings attached that too on-demand basis in terms of location and flexibility," says Paras Arora, CEO & Co-Founder, Qdesq.

All the offices booked through Qpro are affordable and aesthetically designed. The presence of premium facilities will increase the level of productivity. The managed offices have all the basic and advanced amenities like high-speed internet, transport accessibility, CCTV/security, cafeteria, centralized A.C., etc. One of the key advantages is all the spaces available for booking, abide by the COVID-19 precautionary and check measures, including regular sanitization, social distancing, and adherence for masks

"Qpro not only upgrades the performance factor of the quality but also applies on your financial front where you save capital in the form of no Capex, add of multi-year leases, add or removing a desk as per your requirement, zero fit-out cost etc. which makes it a viable option,” says Lavesh Bhandari, CTO & Co-Founder, Qdesq

Productivity and growth-oriented environment comprise various factors such as infrastructure, energy, and team collaboration. All of these traits are present in a good working milieu and will have a positive impact on your performance. The future of the workspaces is not working from home rather work near home. 

From a single desk to an enterprise solution, Qpro believes in flexibility and productivity for you and your team. It currently caters to Bangalore, Hyderabad, Delhi-NCR, and key micro-markets in other cities. 

QuEST Global Rolls Out a New Equity Compensation Plan Globally

* The plan will be rolled out to eligible employees

* Aims at developing and retaining future leaders of the company

QuEST Global, a global product engineering and lifecycle services company, today announced a broad-based equity compensation plan for its employees globally. The plan, aimed at increasing employee ownership in the organization, comprises of Employee Stock Options (ESOPs) which have the potential to provide significant benefits to the participants. ESOPs will be rolled out to eligible employees - selected based on roles, performance, and growth potential - in the coming weeks.

The ESOP grants vest over a future period - typically 3-5 years and will provide employees with a financial interest in the future success of the business. Along with this, the ESOP will also enable the company to develop and retain its future leaders as equity plans help align the interests of the shareholders and the employees.

Calling it a significant business decision, Ajit Prabhu, Chairman & CEO, QuEST Global said, “The well-being of the company is in the hands of our loyal, long-term employees and clients who rely on them. Over the last two decades, our belief in the power of people has led us to build an organization that employs over 11,000 talented engineers across the globe. It is not just the founding families and private equity firms who are the owners of the company but also our employees, who double up during crises to rebuild the business. It is befitting to reward them with ownership by rolling out ESOP for their loyalty and commitment, providing them with a great opportunity to participate in generating and sharing the wealth.”

Ajit also said that he is grateful to all the employees, shareholders, and investors who supported the organization during this unprecedented situation as the COVID-19 pandemic hit businesses worldwide. “The year 2020 has been tough. With the strong support of our shareholders and investors, who continue to believe in us, along with the positive spirit demonstrated by our employees, we have been successfully sailing through the trying times. With their support, we will continue to build an organization where we have put purpose over profit, empowerment over control, networking, and engagement of employees over control and command. The culture and employees are truly the greatest assets of QuEST, and it will lead us to a bright and successful future,” he added.

Niketh Sundar, Global Head – People Function and Culture, QuEST Global, said, “The founders of the company always believed in greater employee ownership and participation. This has translated into us going deeper and enrolling a lot more employees across multiple levels than what is typically expected of such plans in the industry. This strategic move will also help us groom experienced and dedicated engineers who can solve problems for our customers, while they directly benefit from the continued success of the company. At QuEST, we are very excited about the future.”

Over the last two decades, QuEST has seen multiple equity-linked incentive plans, and this is the company’s fourth ESOP grant cycle following grants in 2004, 2011, and 2017. The new plan will enroll almost twice as many participants as compared to previous years; providing greater flexibility and adopts several good practices in terms of design – be it around plan vehicles, vesting, and performance conditions.

66% of Active Job Seekers will Increase their Time Spent on Job Search: LinkedIn Workforce Confidence Index

LinkedIn, the world’s largest professional network, today announced the findings of the seventh edition of the Workforce Confidence Index, a fortnightly pulse on the confidence of the Indian workforce. Based on the survey responses of 1,303 professionals in India, findings from June 15-28 reveal India’s rising optimism towards job security as businesses slowly reopened last month.

The seventh edition of the Workforce Confidence Index shows a modest increase in India’s overall workforce confidence, which reflects in this fortnight’s composite score of +50 (up from +48 in June 1-14). This growing confidence comes at a time when the economy continues to reboot, thus sparking hiring prospects across varied industries such as ecommerce, IT services, insurance and gaming. In fact, the economic repercussions of the pandemic have also urged businesses to innovate their offerings to lead through change, thereby stimulating job creation across sectors. Backing this up, Arvind Mediratta, MD & CEO of Metro Cash & Carry India says, “There is going to be a lot of demand for new products and services which, maybe, we’re not even able to envisage right now.”

Active job seekers confident about career progression as economy reboots

The lifting of the lockdown in several states and the continued adversities caused by COVID-19 have instituted a new set of workforce demands, thus creating new economic opportunities across the country’s industrial landscape. This uptick in hiring has fuelled the confidence of active job seekers towards career progression as findings show that about 2 in 3 professionals will increase their time spent searching for (66%) and applying to (64%) jobs in the next 2 weeks. Findings also highlight the active job seekers’ clear intent to upskill today for a safer tomorrow as 68% say they will increase their time spent on online learning to harbor long-term job security and career progression.

Decision makers more confident about job security than junior workers

To understand how this optimism towards job security differs across seniority levels, the LinkedIn Workforce Confidence Index also captured responses from professionals with varied work experience levels. Findings state that decision makers appear to be more confident about their job security when compared to their junior workers. Only 1 in 4 senior professionals said they would increase their time spent on searching for jobs in comparison to almost half (45%) of the junior workforce. Further reinforcing the confidence of senior executives towards job security, findings showed that only 16% of Director+ professionals (decision makers) would increase the number of jobs they apply to, when compared to 48% of the junior workforce.

Commenting on this growing optimism, HR expert Prabir Jha explains why India’s rising hope towards job security comes with slight trepidation - “It must be understood that retaining a job in the present times is in itself a strong confidence booster. Many people are also willing to take up to 50% cut in their salaries for an assured job. This means that whoever retains a job today, clearly knows that his/her role matters to the organization even in the new reality.”

He also added, “More experienced workers may have savings to support them in the long run,” to explain why senior professionals are not as inclined towards increasing their time spent on searching for jobs.

Job-seekers can signal that they are #OpenToWork, with LinkedIn’s new feature

To help job seekers land a job in an uncertain environment, LinkedIn is providing free tools and resources for effective job search and placement. One such profile feature that was recently launched is #OpenToWork, which helps job seekers maximize their visibility on the LinkedIn platform. The feature, which frames the profile picture on LinkedIn, helps members signal to recruiters that they are immediately available to take up in-market opportunities. The feature also helps them specify the types of jobs they are interested in, and what their preferred start date and location is. So far, more than 30 million job seekers have used the #OpenToWork tool to find their next job on the platform.

Here are a few member stories that show how this tool is assisting them to connect with the right opportunities during such testing times -

●     Shilpisweta asked for advice, or opportunities from her network as she embarked on finding a new role in a LinkedIn post.

●     Yash moved back to India and decided to post on LinkedIn to find opportunities in the Social Media Management and Branded Content Strategy fields.

●     Vijay lost his job due to the COVID-19 situation and asked his LinkedIn network to refer him to new opportunities in a LinkedIn post.

●     Gopinath thanked his previous employer- Uber for the learnings in a LinkedIn post and asked his connections for leads to another exciting job opportunity.

Other free tools that help job seekers prepare for interviews and gain the right guidance include ‘Interview Prep’ and ‘Offer Help’. While ‘Offer Help’ makes it easier for our members to share that they are willing and able to extend a helping hand to their connections who are actively looking for opportunities, ‘Interview Prep’ offers free tools, including a new Microsoft-AI powered feature, to help members demonstrate their skills through effective interviewing and real-time feedback.

FAITH Revises Indian Tourism Value at Risk Guidance to ₹ 15 Lakh Cr

‘Now or Never’ Point 

* Worst period ever for tourism in 100 years. 

* Till a vaccine is found, concept of tourism will be in dire threat

* Tourism COVID Support Fund needed

* RBI must give a multi-year moratorium on principal & interest to tourism.  

* Stop the clock on all central & state Government for statutory payments

* 75% value or minimum 9 months of the almost 10% of India’s GDP from Tourism at risk from collapse 

* Generations of tourism businesses and crores of jobs getting impacted

Federation of Associations in Indian Tourism & Hospitality,the policy federation of all the national associations representing the complete tourism, travel and hospitality industry of India (ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI) & cause partner AIRDA has further revised upwards it’s value at risk to Indian tourism to ₹ 15 lakh crores. 

FAITH’s first guidance which was calculated and was shared with the Government in March 2020 had put tourism’s economic value at risk at ₹ 5 lakh crores from this pandemic.  FAITH revised this further during the quarter as the situation deteriorated and the value at risk was put at ₹ 10 lakh crores. This has been revised again to touch a value at risk of upto ₹ 15 lakh crores in terms of the economic output of tourism in India 

Given the way the virus is progressing, tourism supply chains have  broken down in India across all its key inbound, domestic & outbound markets and is not expected to recover for the next  5 months too making the total impact to a minimum of 9 months starting from March this year. 

The direct and indirect economic impact of Tourism industry in India is approximately estimated at ~ 10% of India’s GDP.  This roughly puts the full year economic multiplier value of tourism in India at ~ ₹ 20 lakh crores. Minimum three quarters of tourism will be fully impacted 

This value covers the whole tourism value chain from airlines, travel agents, hotels, tour operators, tourism destinations restaurants, tourist transportation, tourist guides. Each of these segments of tourism is non - performing or under performing and will stay that way for many months of this year.

This is evident across all segments of tourism. Pending refunds for travel agents,  shut down or vacant  hotels & restaurants,  empty or locked down conventions and meeting or wedding halls, no order pipelines for tour operators, tourist transport lying locked in parking lots, laid off or leave without pay staff , managers, the summer domestic and outbound holiday season gone,  no visible bookings for the peak October - March season, meetings shifted to virtual apps , non - essential travel closed and so on. 

Be it leisure ( inbound, outbound, domestic) corporate travel, heritage, adventure, meetings incentives, exhibitions & events religious, spiritual and in upcoming high value niche tourism products such as sea & river cruises, camping, rafting, golf  film tourism, jungle tourism, agri tourism and many more across all states, this will the worst performing year for tourism in a century. 

Tourism has one of the largest economic multipliers and FAITH based upon its industry estimates believes that each rupee spent on tourism could have an economic multiplier of upwards of  3- 4 times more for India given its most globally unique natural and cultural heritage spread across the Indian hinterlands. The cumulative job losses for the full year both in organised & unorganised category of tourism could go as high as 4 crores. 

FAITH has been requesting over the past 5 months that for revival of any demand in tourism, it is first important that the survival of tourism businesses in India has to first remain intact. 

Tourism sector requires a very customised sector specific relief package and it cannot be delayed any further,  FAITH spokesperson said.

The following are immediately critical to maintaining the survival of tourism businesses 

* A Tourism fund which can be used by tourism enterprises in India for taking care of their employees. 

* A multi-year moratorium by RBI on principal and interest payments by tourism, travel & hospitalty businesses. 

* An immediate full year waiver of all central and state statutory liabilities be it PF , ESi, income taxes, GST , fixed power and utilities tariffs, property , excise , inter-state tourist transportation taxes and license fees, all without any accumulated or penal interest has to be done immediately. 

* Robust booking payments refund mechanism for travel agents & tour operators from airlines, railways, state tourism parks and other suppliers. 

Only this will keep the Indian tourism track and hospitality industry alive for a revival, it will keep the jobs intact and it will protect the exposure of the banking sector to tourism preventing their loans from becoming NPAs. 

Post the Unlock tourism is seeing some spur, but that too very limited, very  short -  haul  domestic travel and not enough to make any tourism business viable. 

FAITH has already raised requests over the past five months to the Prime Minister, the Finance Minister, to each of the 28 chief ministers , to the RBI, Niti Aayog, to tourism parliamentary panel, ministries of aviation, commerce, Finance and to more than 600 parliamentarians and is closely in coordination with ministry of tourism.  

It has also requested the Parliamentarians to raise the question as to ‘why not tourism’ for sector specific support when tourism industry contributes to pan India jobs across urban & rural, forex , robust IT & GST collections, capex driven GDP & so on. 

Tourism is a very unique business and is a discretionary activity.  Tourism is a means of unwinding, letting oneself immerse in local experiences. With each aspect of the travel journey now under the threat of virus from contact, this puts tourism at risk. Till the time there is a vaccine found, the very concept of tourism will be in question.  

This will be reflected in all data points of the Government whether in GST collections, banking data, PF, ESI or state level fixed charges. 

Tourism cannot be treated economically like any other business and needs NOW a Fiscal & Monetary structured package coordinated among all arms of Governments. 

The whole value chain of Indian tourism will be under threat - which catered to almost 10.8 million incoming foreign travellers , almost 1.8 billion Indian domestic tourism visits, almost 5 mn- + expats Indians visiting back,  almost 28 mn + outbound travelling Indians & almost $ 29 bn + forex earnings.

upGrad Filling Up Senior Leadership Roles Amid COVID-19, Plans to Double Employee Base

While most companies have gone on a hiring freeze or rationalizing their human resources, growing sectors like edtech are on a hiring spree.  upGrad, India’s largest online higher education company in its most recent development onboarded Rohit Dhar as the new President - Products, this July. Rohit, who had co-founded Brainybatch Internet, India’s first lending platform focused on making education affordable by providing short-term, has over 13 years of experience in managing products for leading companies like OLX, Flipkart, e-Bay, PayPal, and StubHub. He will be leading the entire Product, Data Science, Analytics, and Design teams at upGrad.

Prior to him, the company onboarded Puneet Tanwar as President - Technology who will be leading the Technology vertical at upGrad. Puneet has accumulated over 20 years of experience in software development and joins upGrad from 1E, a UK-based software product company where he was Head of Engineering, India. Prior to this, he has held leadership positions in Engineering in firms such as Diebold Nixdorf, Microsoft and Electronic Arts.

In June upGrad also appointed Deepak H. Singhka, who started his career at Mahindra & Mahindra and went on to work at BYJU’S. There, he was responsible for initiating the ‘Field Sales’ across multiple cities in India, along with ‘Inside Sales’ in the Bengaluru office. His notable contribution includes helping the edtech set up their e-commerce channel with Amazon and Flipkart. As the Vice President - Business, Deepak will help steer the entire business towards growth and manage as well as improve upon success rate for working professionals, the college, and the academy business.

Talking about the recent hiring’s, Mayank Kumar, Co-Founder & MD, upGrad said “COVID-19 is an opportune time for the edtech sector and our strategy is to make the most of the opportunity and double-up our workforce. Leadership hiring plays an integral role in this, it is the right time to invest in senior talent which will help us to get ready for the new normal of workplace and learner dynamics. With our newly assembled team, we look forward to creating an impactful talent pool within the organisation that will help us drive new businesses and provide learners with the best edtech products.”

On April 1st, upGrad had onboarded their CEO – India, Arjun Mohan, who was erstwhile serving as the Chief Business Officer (CBO) at BYJU’S. The company is geared towards doubling up its workforce to 2000 by the end of this fiscal. The hiring will happen across all spectrum between fresher’s as well as lateral hiring. On the employee front, upGrad has announced salary reversal on the first day of this quarter owing to the positive business growth in past months and have declared work from home until the end of this year, in order to end the growing apprehensions amidst its workforce.

About upGrad:

upGrad is India’s largest online higher education company. Founded in early 2015, upGrad has onboarded over 30K paid learners and impacted more than half a million individuals globally, within a short span of 5 years.

upGrad provides online programs in the areas of Data Science, Technology, Management and Law to college students, working professionals and enterprises. These programs are designed and delivered in collaboration with top-notch universities like IIT Madras, IIIT Bangalore, MICA, NMIMS Global Access, Jindal Global Law School, Duke CE, Deakin University, Liverpool John Moores University and others.

With an 80% program completion rate, robust tech platform, outcome-based learning approach, industry-relevant curriculum, finest university credentials, strong mentorship, and steadfast placement support, upGrad has established its position as the leader in the Indian education system.

IIIT Bangalore and upGrad's PG Diploma in Data Science is India’s first-ever PG Diploma to be recommended and validated by the National Association of Software and Services Companies (NASSCOM). The program is India's largest Data Science program with over 10,000 alumni & learner-base, which now provides learners with certification from NASSCOM FutureSkills, thereby making the program aligned to Government approved National Occupational Standards (NOS) to facilitate the upskilling of India’s IT workforce and make them abreast of the new-age skills. Through this first-of-its-kind collaboration, upGrad joins NASSCOM’s mission to make India a hub for innovation and a global hotspot for a skilled talent pool.

upGrad has been awarded the title of ‘Best Tech for Education’ by IAMAI in 2019. upGrad received the ‘Best Education Brands’ award by Economic Times in 2018, Most Innovative Companies in India' by Fast Company in 2017 and has made it to LinkedIn’s ‘Top 25 Startups’ two years in a row in 2018 and 2019.

How women are Making it Big in Business Via WhatsApp-Based Social Commerce?

By Varun Khurana, Founder, Otipy ( India’s fastest growing social commerce venture)

 

Social commerce is not a new concept in the country major chunk of social commerce existed only in the fashion, beauty, and retail industries. Today, social commerce is gaining popularity for one of the fundamental aspects of life – fresh food. Fresh produce such as fruits and vegetables have become the most in-demand products as people switch to healthier ways of living and are eager to know the source.  

 

A USD 200 Billion fresh produce category is now witnessing major disruption through social commerce. It is garnering the attention of consumer, entrepreneurs, and investors, . In fact, consumers are increasingly preferring their food sourced through social commerce for various reasons such as higher credibility, rational price and most importantly, fresher produce (delivered within a day straight from the farms sometime within 12 hrs). For women looking to be a part of the business environment without monetary investment, social commerce within the food category is the ideal solution. Let us take a look at how social commerce is playing a key role in helping women make it big in business.

 

The rise of social commerce

Increasing internet penetration and social media usage have paved the way for the rise of social commerce. A majority of the population today uses and is in fact hooked onto social media and brands are leveraging this aspect. With the rise in demand for fresh produce, women are joining hands with brands to become resellers within their community to make a mark for themselves in their community by leveraging social commerce. Currently, fresh produce is a supply-led model and social commerce is flipping it to demand-led model that further helps in solving the problem of middlemen and wastage (since there is no inventory). Apart from this, it helps resellers connect with their customers-base efficiently and offer real-time feedback to the farmers regarding the quality of the produce.

 

The emergence of women as dominant sellers

 For the first time, women are taking the center stage in spurring the adoption of e-commerce and helping the industry as well as themselves progress. The advent of technology, rapid digitization of businesses, and easy access have helped drive this change. For women sellers, a slew of features aided by cutting-edge technology such as voice chats/chatbots, real-time updates and feedback to the farmers, and most importantly, WhatsApp-based marketing is coming handy to open more doors to become micro-entrepreneurs.         

Additionally, women sellers also have a higher average order value, better retention and repeat orders, making them more suitable. In fact, not just urban cities, but women resellers hail from tier-II and tier-III catchment areas are hopping on the fresh produce social commerce bandwagon to fulfil their goals and achieve financial independence with almost no investment. A whopping 68% of women in most platforms sell from tier-II and tier-III cities.

 

Women sellers also help customers gain the trust factor for unbranded products since they usually tend to lean towards known/established brands. In return, social commerce platforms offer easy access for women to build an entrepreneurial empire of their own through community engagement without hindrances. Particularly in vernacular language-led social commerce platforms, women are dominating the space, even though the concept is still at a very nascent stage. They are learning the tricks of the trade and are keen on flourishing in the competitive business environment.

 

Social commerce is quickly becoming a multi-million-dollar market in India. However, the country has a largely unorganized market, particularly in tier-II, tier-III and tier-IV cities, especially for the fresh produce category with millions of farmers scattered across the country. Additionally, shopping for fresh produce is a social concept of sorts. Since the pandemic has forced us to adhere to social distancing norms, social commerce is flourishing and women are leading the way. With technological advancements, greater digitization and the availability of regional languages providing easy access and seamless experience, the rise of women entrepreneurs through social commerce is inevitable.  

Infogain Recognized as 3rd Fastest Growing Company in Everest Group’s Engineering Services Top 50™ 2020

Infogain, a Silicon Valley based digital platform and software engineering company­, is pleased to announce that it ranked 3rd in revenue growth and 32nd overall in Everest Group’s Engineering Services Top 50™ 2020, a global list of the 50 largest providers of outsourced engineering services. In addition, ChrysCapital-backed Infogain’s buys of Microsoft (NASDAQ:MSFT) Azure Expert MSP Silicus Technologies and strategy and design firm Revel Consulting featured in the report’s list of key acquisitions made by engineering companies in 2019.

Third-party providers were evaluated and ranked based on their CY 2019 engineering services revenue and year-on-year growth. This is the second year Everest Group has released an Engineering Services Top 50™ list, with this year’s Top 50™ accounting for $45.9 billion in revenue as compared to $40.5 billion in CY 2018.

Infogain was credited for offering key engineering services across select verticals, including Software Products, Computing Systems, Consumer Electronics, Healthcare & Medical Devices, Industrial & Energy, and Automotive.

Ayan Mukerji, President and Chief Operating Officer at Infogain, said, “We are pleased to make Everest Group’s Engineering Services Top 50™ 2020 list and to be recognized as 3rd for revenue growth. 2019 was a great year for us: we closed several large deals and joined hands with two outstanding companies offering niche, high-value-add services. This ranking is a great testament to Infogain’s software engineering expertise and relentless commitment to delivering value to our customers.”

The Top 50™ list helps enterprises get a better sense of the global third-party engineering services landscape, make more informed sourcing decisions, and identify new ways to leverage third-party engineering services providers. This list also helps service providers make better assessments of their competitive positions compared to their peers.

The Everest Group Engineering Services Top 50™ 2020 report can be viewed here.

About Infogain

Infogain is a Silicon Valley headquartered company with digital platform and software engineering expertise in the travel, retail, insurance, healthcare, and high technology industries. We accelerate design-led transformation and delivery of digital customer engagement systems and platforms. Infogain engineers business outcomes for Fortune 500 companies and digital natives using technologies such as cloud, microservices, robotic process automation, IoT, and artificial intelligence.

A ChrysCapital portfolio company, Infogain has offices in California, Washington, Texas, London, Dubai, India, and Singapore, with delivery centers in Austin, Kraków, New Delhi, Bangalore, Pune, and Mumbai.

SAP Appoints Kulmeet Bawa as President and Managing Director of Indian Subcontinent

SAP SE has announced the appointment of Kulmeet Bawa as President and Managing Director for SAP Indian Subcontinent, effective July 20, 2020. Kulmeet will be responsible for driving and delivering an exceptional SAP experience for employees and customers across our ecosystem, as well as guide businesses in India, Bangladesh and Sri Lanka to adopt a digital-first mindset. Based in Gurgaon, Kulmeet will report directly to Scott Russell, President of SAP Asia Pacific Japan (APJ).

“The current pandemic environment requires companies to take swift action and accelerate digital transformation to become intelligent enterprises. At SAP we are committed to support our customers and help them transform, scale and win,” said Scott Russell, President, SAP APJ. “We are confident that Kulmeet’s track record of a customer-centric approach, his focus on people and effective team-work, coupled with deep industry knowledge, will propel SAP India to continued success,” he added.

Most recently, Kulmeet was the Chief Operating Officer for Resulticks where he led the growth strategy and execution of go-to-market for the organization. With cross functional experience of more than 25 years, Kulmeet has served with the Indian Army in the Armored Corps, subsequently moving to the corporate side. He led the India & South Asia market for Adobe orchestrating businesses to digitally transform and drive excellence in customer experience, prior to that he was with Microsoft Corporation and Sun Microsystems, managing enterprise strategies across industries and portfolios. 

“As India acclimatizes to the new reality in the new normal, it is important for businesses to permeate digital technologies in every industry, institution, business process, and individual experience,” said Kulmeet. “I am excited to move from Singapore back to India working closely with local customers, helping them adopt innovative technologies to achieve successful business outcomes,” he added.

Under the guidance and leadership of Deb Deep Sengupta, current SAP India MD and SAP veteran of two decades, the organization achieved significant success with strong growth across several business areas. Deep will work closely with Kulmeet to ensure a smooth leadership transition for our customers and partners. Deep’s next position will be announced in due course.

About SAP

As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. 

Seagate's ‘Rethink Data’ Report Reveals that 68% of Data Available to Businesses goes Unleveraged

The report also identifies the missing link of data management—DataOps—which can help organizations harness more of their data’s value and lead to better business outcomes.

Seagate Technology plc, a world leader in data storage and management solutions, today released Rethink Data: Put More of Your Data to Work—From Edge to Cloud. The report—based on a survey of 1500 global enterprise leaders, which was commissioned by Seagate and conducted by the research firm IDC—identifies today’s most pressing data management challenges, and solutions to them. It pinpoints the amount of data available to enterprises that goes unused: 68%.

“The report and the survey make clear that winning businesses must have strong mass data operations,” says Seagate CEO Dave Mosley. “The value that a company derives from data directly affects its success.”

The most significant findings include:

Data management is increasingly important as data proliferates. IDC projects that over the next two years enterprise data will grow at a 42.2% annual rate.

Only 32% of data available to enterprises is put to work. The remaining 68% is unleveraged. 

The top five barriers to putting data to work are: 1) making collected data usable, 2) managing the storage of collected data, 3) ensuring that needed data is collected, 4) ensuring the security of collected data, and 5) making the different silos of collected data available.

Managing data in the multicloud and hybrid cloud are top data management challenges expected by businesses over the next two years.

Two thirds of survey respondents report insufficient data security, making data security an essential element of any discussion of efficient data management.

 

The report identifies the missing link of data management: data operations, or DataOps. IDC defines DataOps as “the discipline connecting data creators with data consumers.” While the majority of respondents say that DataOps is “very” or “extremely” important, only 10% of organizations report having implemented DataOps fully. The survey demonstrated that, along with other data management solutions, DataOps leads to measurably better business outcomes. It boosts customer loyalty, revenue, profit, cost savings, plus results in other benefits.

"The findings of this study illustrating that more than two-thirds of available data lies fallow in organizations may seem like disturbing news," said Phil Goodwin, research director, IDC and principal analyst on the study. "But in truth, it shows how much opportunity and potential organizations already have at their fingertips. Organizations that can harness the value of their data wherever it resides—core, cloud or edge—can generate significant competitive advantage in the marketplace."

The survey queried 1500 respondents—500 in the Asia Pacific and Japan region, 475 in Europe, 375 respondents in North America, and 150 in China.

About Seagate Technology

Seagate Technology crafts the datasphere, helping to maximize humanity’s potential by innovating world-class, precision-engineered data management solutions with a focus on sustainable partnerships. Learn more about Seagate by visiting www.seagate.com or following us on Twitter, Facebook, LinkedIn, YouTube, and subscribing to our blog.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.

©2020 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners.

Radisson Hotel Group South Asia Enters into Strategic Tie-Up with EazyDiner in Indian Market

Radisson Hotel Group South Asia today announced its partnership with EazyDiner – India’s leading table reservation and food discovery platform. The partnership is a significant step to strengthen the Group’s Food and Beverage (F&B) capabilities in the region. The collaboration will serve all 94 operating hotels of the Group’s portfolio in India and will include table booking and home delivery services.

“We are excited to roll out our association with EazyDiner to usher in a new era of restaurant dining and safe food deliveries with participation across our network. This partnership is a very timely step for us as we innovate our business model to reach more guests. Food and beverage constitutes a critical lever of our strategy and is central to our business recovery and brand building efforts in these critical times,” said Zubin Saxena, Managing Director and Vice President Operations, South Asia, Radisson Hotel Group.

Radisson Hotel Group South Asia has devised 20 signature dishes for home delivery. Curated by Chef Rakesh Sethi, a known culinary expert in the Indian F&B industry and presently corporate executive chef for Radisson Hotel Group South Asia, these include items like Paan Kulfi with Gulkand Cake and Supari Cigar, Angaar E Jamun (Chocolate stuffed Gulab Jamun flambeed) and Trio Symphony (Gajar Halwa/Gulab Jamun Terrine/ Kalakand Tart/Kesar Phirni) amongst many others. Guests will be able to order these dishes online along with their favorite cuisines across Radisson Hotel group South Asia’s specialty restaurants through EazyDiner’s EazySafe+ platform that ensures safe takeaways and minimal-contact deliveries.

“Partnering with Radisson Hotel Group, South Asia, is a great value addition for us, and we are delighted to bring their signature dishes to our customers. The Group offers some of the nicest all-day dining restaurants in the country run by top chefs and renowned names like Chef Rakesh Sethi. The EazySafe+ hygiene rating by EazyDiner features these restaurants at the top of the list and we are certain that this collaboration will be mutually rewarding,” said Kapil Chopra, Chairman of the Board, EazyDiner.

Radisson Hotel Group has rolled out Radisson Hotels Safety Protocol, a new program of in-depth cleanliness and disinfection procedures, in partnership with SGS, the world’s leading inspection, verification, testing and certification company. Additionally, exhaustive food safety and hygiene manual and food and beverage protocol guidelines have been laid out for all hotels to ensure safe and secure F&B experience.

This collaboration will provide food lovers an opportunity to discover and book tables at Radisson Hotel Group’s restaurants when they become available for in-person dining while home deliveries can be booked immediately with a simple three-step ordering process and hassle-free online payment.

To order home delivery services across Radisson Hotel Group’s restaurants across India, download the EazyDiner app on your phone and enjoy great offers.

ABOUT RADISSON HOTEL GROUP

Radisson Hotel Group is one of the world's largest hotel groups with seven distinctive hotel brands, and more than 1,400 hotels in operation and under development in 120 countries. Its signature service philosophy is Every Moment Matters.

Radisson Hotel Group portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inn & Suites by Radisson, brought together under one commercial umbrella brand Radisson Hotels.

Radisson Rewards is our global rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offers exceptional loyalty benefits for our guests, meeting planners, travel agents and business partners.

Radisson Meetings places its guests and their needs at the heart of its offer and treats every meeting or event as more than just a date on the calendar. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and our signature Yes I Can! service spirit and being uniquely 100% Carbon Neutral.

More than 100,000 team members work at Radisson Hotel Group and at the hotels licensed to operate in its systems.

ABOUT EAZYDINER

Founded in 2015 by a team of experienced hoteliers Rohit Dasgupta, Sachin Pabreja, Ahana Bhutani, Shruti Kaul, Kapil Chopra and Vir Sanghvi, EazyDiner is India’s first online instant restaurant reservation platform.

EazyDiner helps a user find great restaurants and bars, get a guaranteed reservation within 18 seconds and every reservation comes with a deal which enhances the dining experience, whether it is a substantial discount or a glass of wine for every diner. EazyDiner also provides safe & hygienic takeaway & delivery options for its users at restaurants ensuring the safety of its users through the EazySafe+ program.

Diners also have access to and can talk to experienced 24-hour food concierge for personalised recommendations. The EazyDiner Loyalty Program awards points which can be further redeemed for dining vouchers. EazyDiner currently lists over 1.5 lakh restaurants and bars with menus and offers real-time reservations at over 10,000 partner restaurants in 225 cities in India & Dubai. 

Rgyan App Helping Young India To Create a Socio Spiritual Networking Platform

Empathy and compassion can provide healing and solace to our beautiful mind in these turbulent times.

If data of suicides is taken into consideration during the lockdown and Unlock 1.0, because of depression, The mental isolation is proving more dangerous than coronavirus these days. 

Also, some days back, the news of the banning of Tiktok and other 59 chinese apps was in the discussion, but in the meantime, cases of suicides have also increased. It is also being said that people, especially teenagers were being very upset due to the banning of Tik-Tok and because of it, some committed suicide. 

What is this depression actually? Depression is a mood disorder that causes a persistent feeling of sadness and loss of interest. Also called major depressive disorder or clinical depression, it affects how you feel, think and behave and can lead to a variety of emotional and physical problems. You may have trouble doing normal day-to-day activities, and sometimes you may feel as if life isn't worth living.

When the Indian Government banned 59 Chinese apps including TikTok, many questioned what would happen to those who used TikTok as a platform to share their content and made some money from it? Well, there is an Indian version of the app, “RGYAN”, which unlike its existing social media platforms which produces minimal thoughtful content, it is a “Social Spiritual Networking Platform which helps in creating a community of intellectuals and motivated individuals seeking truths about life”. 

It is a socio-spiritual technology startup founded on the belief of empowerment of participation by creating a spiritual social network. It can also be compared to “Spiritual Instagram with a touch of Quora”. Rgyan promotes thoughtful content on various non-trivial topics necessary to find important truths about life. It expects to do so by facilitating sharing of thoughts on various subjective matters. Amidst social media sites that promote banality and silliness, Rgyan stands out as a platform where meaningful content is shared and discussions are heard. It is available on both web as well as a mobile application on android play store in English and Hindi Languages. 

To use Rgyan, users can log in by creating an account using a registered phone number or explore its services as an anonymous user. The app allows users to express and share their thoughts through pictures, videos, text, GIFs, or as real-time discussions. Content shared on Rgyan is centred around spirituality, health and wellness, motivational quotes and various other pertinent topics. The Rgyan app offers the flexibility of a User Generated Content Model (UGC) with that of curated content available on Divinity, Daily Horoscope, and aggregated news on spiritual and social matters.

Speaking about this Made in India App, Rgyan’s success, Mr. Debjit Patra, Founder and Chairman, Rgyan said “There was a need for such a meaningful social platform where people can get knowledge as well as they can share their thoughts on various meaningful matters which Rgyan is giving right now. Starting back in 2016 with just a vision and now having more than 1 million monthly views on the platform, we have come a long way,  but this is not the limit as we know in the coming time more and more people will love Rgyan ''.

About Rgyan

Rgyan is a  socio spiritual tech startup started in the year end of 2016 with the classification of curated content on Divinity, Daily Horoscope and aggregated News on spiritual and social matters. Slowly it has evolved into a complete Spiritual Social Networking platform through which users can express and share their thoughts/content (Through Pics, Videos, Text, GIF or in a discussion manner) related to spiritual matters, health tips, motivational Quotes and many more meaningful categories.

UNICEF India, SAP India Partner to Improve Employability of the Young

On World Youth Skills Day, UNICEF India today announced its partnership with SAP India to provide career counselling to young people in the country that will improve their employability skills in a COVID and post COVID era. UNICEF is collaborating with YuWaah (Generation Unlimited) under this initiative to provide digital education and occupational skillset to the underserved young people of the country.

Under the collaboration UNICEF – YuWaah – SAP will strengthen the following:

* Improve digital skills and life skills for young people

* Provide young people with career options.

* Reimagine the model in other states with the Government of India

* Impacting one million young people by the end of 2022

Young people living in rural areas are particularly vulnerable when it comes to career and employability opportunities due to limited access to information, training, opportunities or the skills to participate fully in India’s modernizing technology-driven economy. The national aggregate on learner-computer ratio is reported to be 1:89, suggesting an inequitable access[1] in rural schools. Evidence[2] suggests that technology solutions can be optimized better to address poor learning levels, low retention rates, poor life-skills, and gender inclusion.

“Quality education and digital inclusion have never been more important. COVID-19 has exposed the fragility of access to education and this couldn’t be more relevant to India which has the highest number of young people, said Alexandra van der Ploeg, Head of CSR at SAP. “Together with UNICEF in support of the UN’s Generation Unlimited initiative, we can use the power of innovation to solve social issues and help our youth through education, workforce readiness, and entrepreneurship. In true SAP spirit, our unique partnership with UNICEF will not only maximize our collective impact but inspire young people in India and across the globe to help the world run better. After all, if our young people aren’t given the opportunities for skill development, they won’t be able to associate and support social causes that help in development of a nation,” she said.

“COVID-19 has led to disruptions in educational, economic and social spheres of life, that has thrown up many challenges for young people. The UNICEF – YuWaah – SAP India partnership will empower young people to help them harness their creativity, problem-solving and leadership to make a difference in their lives and in their communities. This partnership will address urgent challenges young people face by equipping them with life skills, social innovation and career guidance,” said Dr. Yasmin Ali Haque, UNICEF Representative in India.

Talent Demand Tanks in Most Sectors in June 2020, Green Shoots in BPO, Health & Auto: TimesJobs RecruiteX June’20

Highlights

-        Retail, BFSI shed most talent demand in June 2020 M-o-M study 

-        Talent demand picked up in BPO, Health & Automobiles in June 2020 

-        In Y-o-Y analysis, the demand for talent remained same in June’20 and June’19

 

The TimesJobs RecruiteX, monthly talent demand index, marks a 4% growth in talent demand in June’20 (89) over May’20 (85). However, the demand in high-volume sectors including IT, BFSI and Retail records a steep fall. The Y-o-Y analysis showed that the talent demand index for June’19 (89) and June’20 (89) was the same. 

M-o-M talent demand trends: The growth in demand index is contributed by Automobiles (17%), Healthcare (16%) and BPO (14%) sectors who are re-hauling the business post the Unlock 1.0. With the Government relaxing lockdown norms, companies in these sectors are eyeing growth hacks by customising their offerings in the changing business scenario. 

Q-o-Q talent demand trends: The Q-o-Q analysis shows that demand for talent in IT and Retail sectors witnessed growth in AMJ’20 over JFM’20. Both, these sectors witnessed double-digit growth. Talent demand index stood at 370 points in AMJ’20 over 338 points in JFM’20, a 9% growth. The Retail sector witnessed a 30% growth in AMJ’20 in comparison with JFM’20. 

Y-o-Y talent demand trends: The Y-o-Y analysis for talent demand shows no growth, or loss from June’19 to June’20.  The Consumer Durables sector showed a growth of about 30% in Y-o-Y talent demand analysis, followed by Healthcare. The BPO sector saw the steepest fall of (-34%) in talent demand in the yearly comparison.

Commenting on the findings of RecruiteX June 2020, Sanjay Goyal, Business Head, TimesJobs and TechGig said, “The findings of RecruiteX June 2020 are a silver lining in the present scenario. The rise in BPO, Healthcare and Automobile’s talent demand hints that companies are striving hard to get back to normalcy after the Unlock 1.0. Not just the M-o-M analysis, but even the Q-o-Q comparison (AMJ’20 v/s JFM’20) has shown growth, with a double-digit hike in the IT and Retail sectors”.   

Here are the major findings of the RecruiteX June 2020 edition:

Industry-wise

Sectors which gained talent demand:  

- Automobiles: (17%)

- Healthcare: (16%)

- BPO: (14%)

Sectors with steepest loss in talent demand: 

- Retail: (-13%)

- IT/Telecom: (-6%)

- BFSI: (-2%)

Functional areas: 

Functional areas which gained talent demand:  

- Doctors/Nurses/Medical Professional: (20%) 

- Logistics/Supply Chain Management/ Procurement: (10%)

- Engineering: (5%)

 Functional areas with steepest loss in talent demand:  

- IT/Telecom: (-10%)

- Sales/Business Development: (-3%)

Location-wise: 

Cities which gained talent demand:  

- Indore: (4%)

 - Ahmedabad: (2%)

 - Hyderabad/Secunderabad: (2%)

Cities with steepest loss in talent demand:  

- Bengaluru: (-18%)

- Jaipur: (-6%)

 - Chennai: (-5%) 

Work experience-wise: 

 Work experience category which gained talent demand:  

- Over 20+ years of work experience: (6%)

- 10-20 years: (5%)

- 2-5 years: No gain, no loss 

Work experience category with the steepest loss in talent demand:  

- Freshers and people with less 2 years of work experience: (-13%)

Trend Micro and Girls in Tech Partner to Help Close the Gender Gap in the Technology Industry

Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today announced a new initiative in its long-running effort to close the diversity and talent gap in the technology industry. The company will extend its partnership with Girls in Tech, a global non-profit bringing the world together through education and experiences. Together, the two organizations will address the worldwide skills shortage in cybersecurity by helping to develop a large talent pool of women eager to get their start in the industry.

Although there is a global shortfall of more than four million cybersecurity professionals today, just a quarter (24%) of current roles are estimated to be taken by women. Both organizations, with global reach, are passionate about connecting with more women and gender-diverse talent and helping find them opportunities to advance their careers and secure the future. Girls in Tech, with 60,000 global members, has been dedicated to raising awareness of this skills gap and to overcome the divide for more than ten years and Trend Micro runs global education programs with a focus on helping women develop new skills to fill the open jobs.

“I’ve always been passionate about and dedicated to encouraging greater gender diversity in the industry. It’s why at Trend Micro we’re committed to supporting equal opportunities in the workplace and in 2018 launched our Close the Gap initiative,” said Eva Chen, co-founder and CEO of Trend Micro. “I’m delighted to be teaming with Girls in Tech to further advance our efforts. Especially in light of recent events, I believe we must celebrate and encourage diversity at every turn today. It’s what makes us human.”

As part of this expanded partnership with Girls in Tech, Trend Micro will develop a new Cybersecurity Fundamentals course for the non-profit. Instead of choosing a course that already exists within the program, Trend Micro has called on its world-class security team to build a custom course for Girls in Tech specific to today’s market need. The course, a blend of e-learning, online instructor-led classes and a hands-on lab via Trend Micro Product Cloud, will cover cybersecurity essentials, network security threats, an introduction to malware analysis, and much more.

“Girls in Tech shares with Trend Micro a unified vision for a future in which women are provided the same opportunities to pursue professions in technology as their male counterparts,” said Adriana Gascoigne, founder and CEO of Girls in Tech. “We look forward to continuing our partnership with Trend Micro to positively impact the technology landscape for women today and generations to come.”

Trend Micro and Girls in Tech first worked together on the Close the Gap program at AWS re:Invent 2018 where they brought managing directors from 30 global Girls in Tech chapters together to brainstorm diversity ideas and programs with industry executives.

Registration for the new Cybersecurity Fundamentals course is now open. The virtual course will run from Aug. 31 to Sept. 25 and last four hours per week.

ServiceNow and Deloitte Extend Strategic Alliance Agreement to Transform Employee Experiences for the Next Normal

ServiceNow and Deloitte announced that the two organizations have extended their strategic alliance to help customers accelerate their HR Service Delivery (HRSD) efforts and provide employees with exceptional digital experiences, anywhere. Together, ServiceNow and Deloitte will conduct joint go-to-market activities to support ServiceNow’s HRSD solution through global sales, enablement, and training activities. Leveraging its demonstrated track-record of success with ServiceNow and other Human Resource technology solutions, Deloitte will collaborate with ServiceNow to expand product features and functions which create business value at scale for joint customers.  

The need for business functions to work together has never been more important. ServiceNow’s HRSD solution complements Deloitte’s market-leading Human Capital and HR Transformation consultancy offering to unlock enterprise productivity and streamline a unified, omnichannel employee experience to manage their work needs, access important resources and raise inquiries. By eliminating silos across the workplace and allowing engagement with HR, IT, Legal and Workplace Services in one place, the Now Platform reduces friction for a truly unified employee service experience, so employees can focus on the meaningful work they were hired to perform.

“We looked to ServiceNow and Deloitte to help simplify our global HR processes while accounting for country-specific localization requirements that would enable Citibank to digitally transform our HR operations,” said Jeff Bienstock, Global Head of HR Technology, Citibank. “The joint expertise enabled us to offer easy access to information for employees and HR agents globally so we can continue to deliver world-class service with minimal disruption.”

As many organizations shift from a “work from home” to a “work from anywhere” model, ServiceNow’s HRSD solution enables them to better manage inquiries across a remote workforce and ensure critical events like virtual onboarding, offboarding and transitions are seamless. Deloitte will use ServiceNow HRSD to deliver a world-class digital employee experience solution to help clients transform their HR Service Delivery Functions and enterprise-wide Employee Experiences.

“The Now Platform has become the industry standard for digital transformation, and our customers are embracing technology to help them create simple, unified digital experiences for employees, from anywhere,” said Blake McConnell, SVP of Employee Workflow Products at ServiceNow. “Our strategic alliance with Deloitte will help accelerate the ‘next normal’ workplace so employees can stay connected and productive while working from home. As an Employee Experience leader, ServiceNow can cut across multiple G&A functions, providing employees with seamless, integrated solutions that help to empower their safe return to the workplace.”

“In recent months we’ve seen the needs of HR technology and workforce experiences rapidly evolve as organizations adjust to a virtual workforce. This shift has underscored the importance of operating in a digital-first environment to improve productivity and the flow of work while minimizing disruption across internal functions,” said Michael Stephan, Principal, Deloitte Consulting LLP, Leader of Deloitte’s US Human Capital practice. “Today as we expand our collaboration with ServiceNow, we do so with the work and workforce in mind, bringing more HRSD solutions to market to provide integrated digital experiences and reduced silos and help our clients transition to the future.”

In 2019, Deloitte and ServiceNow announced a strategic agreement to accelerate organizations’ enterprise digital transformations. The companies jointly developed new products, assets and solutions built on the Now Platform to help joint clients deliver seamless digital experiences across the enterprise, improve workflows and enhance productivity. In January, ServiceNow announced that Deloitte is the strategic go to market partner for its Financial Services Banking solution where ServiceNow and Deloitte will transform the way banks operate.