People Matters PM April 2022

Page 10

HR Technology

Recruitment

CoffeeMug.ai launches talent solutions to source senior officials

CoffeeMug.ai, a networking platform for senior leaders from large companies, has launched a talent solution to fill senior positions using artificial intelligence. The company has started with 35+ clients across India, the US, and Singapore and plans to

IT giant TCS concluded FY 2021-22 on a positive note, hired 103,546

allow members to use its platform to contact potential cadidates directly.

HR Technology

WorkIndia raises funding from PERSOL Group

q u i c k

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Blue-collar worker recruitment platform WorkIndia has raised an undisclosed amount of funding led by PERSOL Group, a comprehensive human resources service provider in the APAC region. With the raised capital, WorkIndia intends to expand its product across PERSOL’S operations in 13 countries and regions globally.

HR Technology

HR Tech startup Orka secures €3.5 million ($3.9 Mn) in funding

Outsourcing platform Orka Technology Group, commonly known as Orka in Europe, has announced that it has secured €3.5 million ($3.9 Mn) in funding by Praetura Ventures, a venture capitalist firm based out of Manchester, England. The Manchester-based startup’s platform plans to launch a passport system that will eliminate the need for background assessments every time someone sources work through Orka. 10

| April 2022

Employee Experience

Over 40% of Singaporeans want to work for a respected, caring employer: Survey

Three in 10 respondents in Singapore have changed jobs between March and September 2021. However, in quarter four of 2021, two in five respondents

Leading IT services provider Tata Consultancy Services hired 103,546 candidates in the fiscal year 2021-2022. This took the total headcount of the company to 592,195. However, the attrition rate (17.4%) continued to show an upward moving graph. According to the official communique, the quarter ending in March 2022 saw the highest number of quarterly headcount additions which stood at 35,209. The workforce of the company comprises 153 nationalities and 35.6% women. were reportedly dissatisfied with their employers and one in four was on the lookout for a new job because of recent events, says the latest bi-annual Workmonitor survey in Singapore by HR solutions agency Randstad. When considering their career choices, 49% of Singaporeans value having a job with manageable stress levels, 27% of respondents want a supervisor who is an advocate for them, and 42% of respondents prioritise working for a respected and caring employer, says the survey that highlights the workforce’s latest sentiments and perceptions of the local job market.