Abc Consultants News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Growing at 15-20% year-on-year, Indias retained executive search market has a mix of global search majors, search network firms, mixed model firms, boutique players and even one/two person outfits. Globally, five firms – Spencer Stuart, Heidrick & Struggles, Russell Reynolds, Egon Zehnder and Korn Ferry collectively called SHREK – dominate the executive search space. In India too, their market share is over 50%, say industry insiders.

Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees

On Wednesday, Google let go of hundreds from its once nearly 3,000-strong recruiting team in its latest round of layoffs, saying it was "meaningfully slowing the pace of overall hiring" and "made the hard decision to reduce the size of (our) recruiting team".

Several recruiters who look for potential candidates for job openings are being themselves offered double-digit salary increments and bonuses by their employers in the hope of retaining them

Confusion amid India Inc over inoculation of temporary workers Synopsis A senior executive in the telecom industry said while it is possible for companies which have factories and other large facilities to create logistics for the jabs, many small and medium enterprises that employ third-party workers will not be able to do so. India Inc is taking steps to vaccinate its employees against Covid-19, but there is uncertainty over who would be responsible for the inoculation of the 3.1 million temporary workers — the staffing firms that supply this workforce or the clients for whom they work. T...