Topic
job market
Business People Starting New Jobs at Lowest Level in Five Years, ONS Data Shows
The number of people starting new jobs in the UK has fallen to its lowest level in five years, according to the Office for National Statistics. The data, covering the three months to April, shows vacancies continuing to decline and employers growing more cautious, although the unemployment rate edged down to 4.9%.
Technology AI Reshapes Workforce Skills: PwC Study Shows Human Skills in Greater Demand
A PwC study based on more than one billion job ads across six continents reveals that AI automation is driving faster job and wage growth, while also increasing demand for human skills such as judgment, leadership, and adaptability. Heavy AI adopters have seen a 163% productivity boost since 2018.
Technology AI overload: CVs no more a selling point - enterprise tech implications
As AI tools flood the job market with lookalike resumes, companies are compelled to look beyond CVs. Recruiters now conduct more interviews to assess soft skills, behaviour, and values. Michael Page's Nicholas Kirk explains the hiring slowdown and how some firms use AI as a convenient explanation for layoffs, while India's manufacturing sector faces a pronounced hiring pause.
Business Navigating Credit: How Lenders Assess New Borrowers
Lenders face challenges evaluating new-to-credit customers due to lack of credit history. Existing bank relationships and job stability play crucial roles in credit approval. Recent grads face higher unemployment, impacting creditworthiness.
Business Job Market Strain: Costly Interview Trip Ends in Quick Rejection
A Delhi jobseeker's costly trip to Hyderabad for a job interview ended in a swift rejection, sparking discussions on hiring practices and candidate treatment. The incident highlights the financial strain on jobseekers in a competitive market.
Technology Nvidia's H-1B Hiring Surge Amidst Industry Slowdown
Nvidia is increasing its H-1B hiring, offering top salaries despite a slowdown in foreign recruitment across the tech industry. This move underscores Nvidia's commitment to attracting global talent to maintain its leadership in AI development.