#31 - IT firms lose their charm amongst students...
And more updates from the HR world!
Are freshers really turning away from opportunities at big IT firms? Why?
And what do the new labour laws say about leave policies for employees?
Tune into this week’s newsletter for some exciting updates!
IT firms lose their charm amongst freshers and students
Big IT service companies like TCS, Wipro, Tech Mahindra, etc. that were some of the most sought-after mass recruiters for the longest time, seem to be losing their charm amongst students and freshers.
The reason? A volatile market in the United States and the fear of a possible recession have led to the weakening of these companies’ deal pipelines. This uncertainty has forced them to either revoke the offer letters they rolled out or indefinitely delay their joining dates.
Check out this article by Business Today that details the current market sentiment and how people are reciprocating to these uncertain times.
Labour law update: Employers must pay for unused leaves beyond 30 days
The new labour law changes that are due for implementation will introduce a lot of changes for both the employer and the employee.
One such major change coming under the “Occupational safety, health, and working conditions code” states that if an employee’s accumulated paid leaves exceeds 30 days in a calendar year, the employer is entitled to pay them for these extra leaves.
More details about this change have been captured by ETHR in this article.
G2 rewards Cutshort with the “High Performer” badge for Fall 2023🎊
Congratulations are in order since Cutshort has been awarded the “High Performer” badge for the fifth consecutive quarter by G2.🥳
Your constant love and support always push us to go above and beyond and push our levels of excellence. We will keep building Cutshort with one goal in mind - Deliver a faster, better, and more efficient experience, just for you!
Check out our profile on G2 and drop a review if you love what we do!
Tha’s all the updates we have for you this week. See you in the next newsletter with more exciting updates!