Posts tagged recession

Slowdown Impact: Companies were closing one store a day in 2009

“Before the slowdown, we were opening one store a day. In 2009, we were closing one store a day,” admits a senior official at Future group.

‘Hiring momentum to pick up in 2010’

After a long hibernation of 18 months, headhunters are actively out in the market as talent requirements have started trickling in.

Job Offers Rising

Unlike the jobless recovery of the developed world, the Indian economy is creating opportunities as it shrugs off the effects of the slowdown.

Warren Buffett: The financial panic is over

Warren Buffett, perhaps the world’s most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past

Recession improved work culture? Firms see ‘profit per employee’ up

Ironically enough, despite the recession, most Indian IT companies have made more revenues and profits per employee this year than they did during the same time

World unemployment up despite economic recovery

Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years

More projects, but no hike in salary for lower level executives

Tough times call for tough measures, and as a result of it, most of the MNCs hung the axe on lower and middle level staffs than top level management at the time

Tier-II cities ahead of metros in job creation

The tier-II cities have outpaced the metropolitans in creation of white collar jobs in the private sector, indicating a recovery in the overall employment market.