Business
GST 2.0 impact: Companies rush to hire temporary staff; rate cuts expected to boost festive buying – The Times of India
Companies across consumer electronics, e-commerce, automobiles, retail, logistics, and FMCG are rushing to hire temporary staff as India’s festive season kicks off, following reduced GST rates from September 22. Industry experts say many shoppers had postponed purchases earlier this season, which dented sales, but with firms passing on GST cuts through price reductions, buyers are expected to spend more freely, prompting companies to step up hiring and marketing. Staffing agencies including Quess, Randstad, and CIEL HR report that demand is highest for frontline and fulfilment roles. This includes in-shop demonstrators, retail sales staff, warehouse pickers and packers, last-mile delivery personnel, and service technicians for appliances and electronics. Contact-centre and back-office staff are also being scaled up to handle higher order volumes. “Several sectors that already ran festive hiring drives are now extending mandates and adding last-minute temp headcount in response to the GST rate cuts and the expected post-cut sales surge,” Aditya Narayan Mishra, MD of CIEL HR told ET. “Demand is strongest in consumer durables, followed by auto and large BPO/CRM operations,” Mishra further added. Shilpa Subhaschandra, chief commercial officer, Operational Talent Solutions, Randstad India, said, “We are seeing clients, particularly in ecommerce, quick-commerce, consumer electronics, auto, retail, logistics, and FMCG extend and add last-minute mandates beyond their original plans to capture the anticipated jump in festive sales.”Subhaschandra further told ET, “On average, these additional mandates translate to a 20-25% uplift in temporary workforce requirements versus last year, with quick-commerce platforms showing the largest thrust, expanding headcount by 40-60% to handle surge volumes.” The festive season that began with Onam in August and runs through Diwali, is India’s biggest shopping period, accounting for 25–30% of annual sales for most consumer goods companies. However, early sales during Onam in Kerala and pre-Durga Puja in East India were subdued as consumers waited for the GST reduction. Industry executives expect strong sales to continue through Christmas as pent-up demand is released. Retailers and electronics chains are hiring up to 20% more temporary staff to manage the anticipated rise in demand from Navratri to Diwali. Auto companies including Mahindra & Mahindra and Maruti Suzuki are also increasing staffing requirements, according to recruitment firms. Email queries to these companies went unanswered. Leading electronics retailer Vijay Sales is expanding its temporary workforce by 10–15% this festive season, said director Nilesh Gupta. He added that demand is expected to rise for large-screen televisions and air conditioners, where GST has been reduced from 28% to 18%. Daikin India, a Japanese AC manufacturer, is boosting shopfloor promoters and increasing its marketing budget to recover from a recent sales slump, said managing director KJ Jawa. Great Eastern Retail will also hire more temporary staff in its top 20 high-footfall stores than originally planned, said Pulkit Baid, director of the East and North India-focused electronics chain. Auto companies have increased hiring by 20–25%, while e-commerce staffing is growing steadily at 15–20%, with a further surge expected over the next two weeks, said Nitin Dave, CEO of Quess Staffing Solutions told ET. “While broad salary levels have not shifted significantly, some employers are offering attendance and joining bonuses to attract talent,” he added.
Business
Ads for British beef and milk banned following Chris Packham complaint
Two ads promoting British beef and milk have been banned after television presenter and environmental campaigner Chris Packham complained that they misled consumers about the products’ carbon footprints.
Both ads for the Agriculture and Horticulture Development Board’s (AHDB) Let’s Eat Balanced campaign used the carbon footprint of British beef and milk to promote the products, firstly stating: “British beef not only tastes great, but has a carbon footprint that’s half the global average*.”
The asterisk linked to text that stated: “Full lifecycle emissions of CO2 eq (carbon dioxide equivalent) per kg of beef.”
The ad for milk stated: “British milk not only tastes good, but is also produced to world-class standards, and has a carbon footprint a third lower than the global average.”
Packham complained to the Advertising Standards Authority (ASA) that the ads, and specifically the carbon footprint claims, were misleading as they did not reflect the full environmental impact of British meat and dairy.
The AHDB said the ads’ mention of carbon emissions would be understood in relation to the environmental impact of beef and milk that occurred between the “cradle-to-retail” stages.
But the ASA said the average consumer “being reasonably well-informed, observant and circumspect” would understand the claims to apply beyond the retail stage and include actions such as cooking and wastage.
The ASA said: “While we acknowledged the potential difficulties in producing post-retail emissions data, the claims in the ads suggested those emissions were included and we therefore expected the evidence provided to also include them.
“We therefore concluded that the evidence presented was insufficient to support the full life-cycle claims in the ads, which was how the average consumer was likely to interpret them.
“We reminded AHDB that environmental claims should be based on the full life cycle unless the ad stated otherwise.”
AHDB’s director of communications and market development, Will Jackson, said: “Let’s Eat Balanced is doing what it was designed to do, providing clear, factual, evidence-led information about British food, nutrition and farming standards.
“Since the investigation began, we have conducted independent consumer research which found that the majority of respondents interpreted these adverts as relating to the production phase only, from farm to retail.
“This research provides important insight into consumer understanding and supports our belief that consumers were not misled by the information we shared in these two specific adverts.”
Business
Gen Z pros embrace ‘portfolio careers’ as side hustles surge – The Times of India
BENGALURU: India’s Gen Z workforce is embracing what experts describe as “portfolio careers” – balancing multiple professional identities and income streams simultaneously. New research from LinkedIn shows that 75% of Gen Z entrepreneurs in India now manage multiple income streams, significantly higher than the 62% among Gen X entrepreneurs. The findings point to a growing preference among younger professionals for flexibility, autonomy and diversified sources of income. “We’re also seeing the rise of the ‘portfolio era’, with more professionals creating multiple income streams and redefining what a career can look like. This shift is making entrepreneurship more accessible than ever before,” said LinkedIn India country manager Kumaresh Pattabiraman.Rather than depending on a single full-time role, many professionals are simultaneously building businesses, freelancing, consulting, creating online content and monetising specialised skills through digital platforms. The trend comes amid a broader rise in entrepreneurial activity in India. LinkedIn recorded a 104% year-on-year increase in members adding “Founder” to their profiles – the highest growth among all global markets.AI is also emerging as a major enabler of this shift. The report found that 85% of Gen Z entrepreneurs consider AI and digital tools important to their business operations.
Business
Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury
Sam Altman said Elon Musk tried many times for total control of OpenAI, which he’s now suing.
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