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Hiring activity grew 16% year on year in February this year: NaukriJobSpeak

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Chennai sees a growth of 30% in hiring for February 2019 as compared to February 2018

Chennai, India, 12th March, 2019: The NaukriJobSpeak Index for February 2019 at (2,415), marked a 16% increase in hiring activity from February 2018 (2,087).

In the month of February 2019, hiring in Chennai was up by 30%, likewise Bangalore was up by 19%, Pune by 25% and Hyderabad by 14%. Overall, IT – Software industry has been on a hiring spree in February 2019. The industry clocked in a growth of 38% in hiring, making it one of the fastest growing industries. Also, Construction & Engineering industry saw an increase in hiring with a growth rate of 16%. Hiring in HR functional area witnessed a positive growth of 20%.

Commenting on the report, Ms.Sumeet Singh, CMO, Infoedge India Ltd. said,“The JobSpeak index continues to sustain the momentum gained and has shown a 16% YOY growth in Feb preceded by a 15% growth in Jan. Naukri’s latest Hiring outlook survey with over 3300 recruiters across the country had anticipated increased hiring, wherein 84% recruiters surveyed said that new jobs would be created. It is good to see this growth led by core sectors viz. IT, Construction, Engineering & FMCG”.

Key Highlights of NaukriJobSpeak for Chennai (February  2019vsFebruary 2018)

Hiring Trends – Industry Wise

February 2019 witnessed a rise in hiring activities across various industries. Recruitment activity in Chennai that observed a rise were in IT-Hardware (48%), Auto/Auto Ancillary (26%), IT- Software (39%), Pharma (31%) and BPO (13%). However, hiring in Hotel and FMCG industry saw a dip by 38% and 14% respectively.

The above graph depicts the year-on-year increase in hiring activity across industries in Chennai

Hiring Trends – Functional Area Wise

Increase in the demand for jobs in various functional areas was observed in the month of February 2019 for Chennai. The verticals that witnessed an increase in hiring activity year-on-year were IT-Hardware (42%), IT- Software (38%), ITES (8%) and Accounts (4%). However, Functional areas in Hotels and Pharma saw a dip of 45% and 18% respectively.

The above graph depicts the year-on-year increase in hiring activity across industries in Chennai

Hiring Trends – Experience Wise

Hiring for a talent of 4-7 years of experience grew by 25% whereas recruitment for entry-level jobs that is an experience band of 0-3 years witnessed a rise of 20% in February 2019. Recruitment activity for mid-management roles of 8-12 years of experience grew by 18%, while senior management roles of 13-16 years of experience recorded a 6% rise in hiring. Leadership roles with experience band of 16+ years saw a dip by 2% in the recruitment activity.

Hiring Trends – City Wise

Demand for talent grew across metropolitan cities. Some of the emerging trends observed in the cities are elaborated below –

  • Hyderabad: The city witnessed a rise in recruitment activity of 14%. The rise in hiring was observed in industries such as IT- Hardware (58%), FMCG (42%), and Auto (37%). Hiring activity for Functional area – Banking saw a dip by 10%. Demand for leadership roles, with an experience band of 16+ years was maximum with a growth rate of 35%.
  • Pune: Hiring activity for the city increased by 25%. Hiring in FMCG industry saw a growth rate of 38%. The experience band which observed maximum hiring activity was between 4 to 7 years with a growth rate of 25%
  • Bangalore: Overall hiring activity in Bangalore grew by 19%. IT-Software industry (48%) indicated increased recruitment activity in February 2019 while the BFSI sector saw a dip by 27%. Hiring for management roles with experience band of 4-7 years saw a growth of 29% in February 2019.

Methodology

The NaukriJobSpeak is a monthly Index which calculates and records hiring activity based on the job listings on Naukri.com website month on month. The objective of NaukriJobSpeak is to measure the hiring activities in various industries and the data is compiled of companies which are registered on the platform and reflects gross hiring (includes replacement hiring). July 2008 is taken to be the base with a score of 1,000 and the subsequent monthly index is compared with the data for July 2008. The jobs analyzed for the monthly Index are qualified on the basis of white collar, urban, belonging to organized corporate sector jobs with a main focus on service industries. The report shows hiring trends across industry sectors, geography, experience level and functional areas. More than 76,000 national and international clients use Naukri.com, leading to high reliability of data. The report does not cover gig employment, hyperlocal hiring or campus placement.   Over a long period of time, the NaukriJobSpeak was impacted by the increase in the Naukri traffic share, internet penetration, Naukri pricing strategy and job listing drives.

About Naukri.com

Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge introduced the concept of e-recruitment in India. Since its inception in 1997, Naukri.com has seen continuous growth while outperforming its competitors in every sphere. Info Edge was the first internet Company to be listed in India. The site enjoys a traffic share of over 70% as per similar web. Naukri.com is a recruitment platform that provides hiring-related services to corporates/recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, listings and Response Management Tools. With more than 4, 75,000 jobs live at any point and over 60 million CVs, Naukri.com serviced over 76,000 corporate clients in 2017-2018. The company operates 56 offices in 42 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain.

For further query, please contact BoringBrands:

  • Paromita@boringbrands.com/ +91 9582327649 
  • Rohina@boringbrands.com/ +91 9819308127
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What Makes Startup Studios Successful? By Startup Studio Insider

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What Makes Startup Studios Successful? By Startup Studio Insider

So you’ve heard the buzzword “startup studio,” but what exactly does it mean to be a startup studio? Here are the answers you need about why startup studios are becoming a popular model for entrepreneurial success and how this trend is changing corporate innovation.

What is a Startup Studio? 

Startup Studio Insider defines a startup studio as an organization that provides investment, resources, and guidance to startups in order to build and launch successful startups in various industries. Some people call it a venture studio, others call it a startup factory or startup studio. No matter what you call it, this startup model is quickly gaining traction in helping launch startups everywhere. 

Startup studios allow founders to focus all their time and energy on developing every aspect behind their business idea, while studios are dedicated to minimizing any challenges that come along the way. By offering a wide range of resources, industry knowledge, and the funding required to build, launch, and support a startup (even after post-launch), startup studios are becoming a game-changing solution for rising startups.

From Atomic to Wilbur Labs and eFounders, numerous startups are being built around the world and gaining major traction along the way. Deciding the best path to found and build a company can be a daunting task. To help you understand the unique offerings of startup studios, here are some of the most important benefits startup studios offer:

What Makes Startup Studios Successful? By Startup Studio Insider

How Startup Studios Protect Startups – Graphic by Startup Studio Insider

  • Strategic Counsel

Startup entrepreneurs oftentimes lack the necessary experience to anticipate the roadblocks that come along with building a business. In addition, the expertise level of a founder doesn’t always cover all grounds including marketing knowledge, product development, testing, and research. That is not a problem for startup studios, as they provide a wide spectrum of tools and resources to build a perfect strategic plan. In addition, studios have access to a wealth of knowledge in technology tools and trends, business operations, human resources, and more, which become part of their core team to help startups succeed. 

  • Core and Shared Resources

Out of all the investment platforms, studios take the most hands-on approach and provide the most resources. With this, startup studios are able to provide access to the largest amount of top-notch resources to help enhance the vision and goals of the startup and cut down the launch time that could usually take a couple of years to about three months. 

  • Human Capital 

Usually, the vast majority of startup companies are made up of small teams. This is why getting the perfect fit to support the launch and operations needs of your business is crucial. Startup studios help tackle this problem by recruiting the right team with diverse backgrounds and broad skills to handle the immense workload that comes with the challenge of launching a startup. 

  • Funding 

Building a startup from the ground off can be exhausting and cash-consuming. What frequently goes wrong is that startup management fails to achieve the next milestone before cash is exhausted. Startup studios are able to solve this problem by refining the needs and expenses required to prepare for the launch and avoid the risk of becoming insolvent by providing funds even after post-launch. This is one of the major differentiating factors of startup studios compared to their competitor founding models out there. 

  • In-Depth Market Research

According to Startup Studio Insider, startup studios are highly selective, and as a result, will not launch a startup without substantial research and data to prove that there is a market and potential for success. This in-depth market research ultimately leads to better decisions when preparing for the launch and can help mitigate any risks in the long run.  

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An Interview with Nathaniel Mell, Founder and CEO of Felt+Fat

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Nathaniel Mell

Nathaniel Mell is the founder and CEO of Felt+Fat, a ceramic design, and manufacturing studio serving both professional and at-home chefs. Nate Mell started the Philadelphia-based company in 2014 after graduating from the Tyler School of Art at Temple University and working at the world-renown Philadelphia Clay Studio.

Before his foray into ceramic design, Nate gained experience that included working in a variety of media, including glass, metal, wood, and mold-making. The opportunity to design a beautiful line of plates for Eli Kulp’s award-winning restaurant ‘High Street on Market’ oriented Mell towards exploring ceramic design in-depth. In doing so, he came up with the concept for a ceramic design studio catering to the Hospitality industry. The company name, Felt+Fat, came as a nod to the material explorations and theories of midcentury artist Joseph Beuys, one of Mell’s favorite artists.

Today, Nate Mell’s Felt and Fat has a track record of working with over 100 restaurants worldwide, producing more than 30,000 pieces annually, and being featured in the NY Times, the Forbes 30 under 30 list, and many other publications. Timeless design, ethical manufacturing, and intentionality toward relationships are the core values of the ever-growing team at Felt+Fat.

We recently got a chance to interview Nate.

Nate, Thank you for talking with us. What are the projects that you most enjoy working on?

I most enjoy working on custom projects, specifically for restaurants. Great chefs are artists and our mutual respect for craft and the collaborative energy involved in making a new shape or finish is really exciting. When my part is done I then get to see how they interact with the design, plating their food and presenting it in the context of the restaurant elevates it all to another level.

What was your biggest ‘a-ha’ moment?

This was early on. When I started this business I had been working in restaurants for nearly 8 years, supporting myself as an artist, and a chef asked if I could make him plates for a new restaurant. I said yes and initially took it on as a little gig to make a few dollars. Somewhere during the course of that project, I realized that the top restaurant in the world at the time (Noma) was using custom, hand-made tableware and that meant every aspiring chef in the world would be wanting to do the same now, we were on the crest of what could be a seachange in hospitality tableware. It was an exciting realization and what really prompted me to take this much more seriously.

What has been the most important part of your professional journey?

Understanding the importance of planning. I have never been much of a planner, very good at thinking on my feet and getting done what’s right in front of me, but over the years I’ve learned that sustainable growth happens when you pair that ability with solid, diligent planning and execution.

What are some of the risks that your company is currently facing?

We are currently looking at a lot of avenues for growth. Manufacturing means you are always walking that line of demand vs. supply. If you’re over-supplied that means you’re wasting money, if you’re undersupplied you disappoint customers. We have been growing quite a bit but are looking at rolling the dice on some big purchases that will help us up the supply side significantly, but the risk that the demand doesn’t pan out to justify the expense is always a scary thing.

What would you do with unlimited resources?

Create a top-of-the-line production facility with a best-in-class R&D studio bringing in young, world-class talent to create inventive and exciting new products.

When was the last time you totally lost yourself in doing something?

I routinely lose track of time while working on new designs, it’s easily one of the best parts of the job.

What do you do when you’re not at work?

My off time is spent with my wife and dog primarily. We go for hikes, cook great meals, mix cocktails and read aloud together or spend afternoons working on remodeling our small home (currently painting a new ceiling we put up last month).

You and your team at Felt+Fat are already making a positive impact with the “BadThings Happen in Philadelphia” product line. What more do you feel you can do to make a difference in your local community?

The BadThings line of products was a really fun experiment that allowed us to send money to causes we thought were worthwhile, we’ve often found things like that to do over the years but what I am most excited about moving forward is to be working with Baker Industries here in Philly. Baker finds work for hard-to-employ individuals; primarily the recently incarcerated. We’ve just recently hired our second employee through this program and are so happy to be providing jobs for individuals in our community who would have a hard time finding work otherwise. Not only do we get to help the community, but they have also been some of our best staff! It’s a win-win.

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Inspiration and Wellness At Your Fingertips

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There’s a great saying. ‘Push yourself, because no one else is going to do it for you.’ For many people pushing themselves ahead comes naturally and they deal with the challenges of this life with equanimity. However, for many, it takes a little bit of fine tuning before they are able to take various challenges head on. Wellness and Inspiration coaches play a great role in these cases and can help you achieve that level of composure through their expertise.

However, getting such kind of expertise is not possible for many mainly because of accessibility and affordability. Solving this problem is Katherine Appello, Manhattan-based Inspiration and Wellness Coach. Born in New Jersey, Katherine has been helping individuals realize their true potential through meditation and other tools including pre-recorded seminars.

In an Interview with Times of Startups, Katherine said that some of the challenges in her personal life made her more resilient in her efforts. She believes in seeing the glass half full and that we need to take ownership of the choices we make so that we can make different choices going forward. 

The ongoing pandemic has made things tougher for businesses and individuals worldwide. Due to the restriction in movement, it has become even more important to focus on mental wellness. People get inspired by motivational speakers to follow their dreams and achieve their goals. Among other things, motivational speakers also help people to succeed in business, improve their relationships, develop a positive attitude, become healthy, achieve financial prosperity, and have more fun in life.

Realizing that in this day of technology, everything possible should be at your fingertips, she provides wellness coaching through video conferencing too. Although, she regularly engages herself in public speaking and Interviews in Manhattan.

The harder you work for something, the greater you’ll feel when you achieve it. And in that process, it is always better if you can take help from professionals.

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