Industry News II

India Inc to Hire Significant Numbers in Coming Quarters – TimesJobs RecruiteX – Press Releases

September 20, 2012 No Comments »

NEW DELHI, September 20, 2012 /PRNewswire/ —

The Second Bi-Annual Edition of TimesJobs.com RecruiteX Provides an In-Depth And Insightful Report on The Demand And Supply of Jobs And Recruitment Trends in India.

Consumer-driven sectors to drive the demand:

With the festive season around the corner, consumer-driven sectors such as consumer durables/FMCG and automobiles industry hold a promising outlook for jobs in coming months. Companies in the consumer durables/FMCG sector are actively recruiting for Sales/Business Development and Marketing, R & D and support functions. Hiring is on rise for both managerial and technical roles in this industry. Current trends reflect growing focus on exploring fresh talent from business and engineering campuses. In the automobile sector, active hiring is anticipated in core areas such as procurement, sales and production. With existing companies increasing their capacities and new players coming into the market, the employment opportunities in this industry are expected to grow.

“Going into the third and fourth quarters, FMCG and Consumer Durable industry would look at building capability and capitalizing on the existing competence.” States Yashwant S. Mahadik, VP – Human Resources,Philips Electronics India Ltd

Optimism return in other key sectors:

Industry experts also predict an upswing in talent supply in the infrastructure sector, based on the increasing level of privatization and competition. Job opportunities are expected to increase in support functions and at entry/junior level. Retention and talent development are going to be the key focus areas, with a number of organisations in this industry investing in employee development and engagement initiatives – to retain, understand, align and improve the overall talent pool.

“While external market dynamics have a direct impact on the business cycle of infrastructure companies, they are likely to weather the storm and emerge stronger.” Opined Subir Hazra, AVP & Head-Strategic Planning,Delhi International Airport Ltd, GMR Group.

Job opportunities in the ITeS sector are expected to grow in tier I and II locations, including rural pockets, in the future. Availability of manpower, comparatively inexpensive labour and infrastructure cost is making BPO/ITeS companies expand operations in these regions, reasoned experts.

“The Indian ITeS/BPO industry is gearing for growth on the back of accelerated demand for diversified skills and companies are looking for talent equipped with analytical skills.” States Arpana S Mehra, Senior Vice President-HR,
ACS India Inc

The opening up of FDI in single-brand retail has led to a rise in talent demand in the retail sector. However, the hiring will be largely restricted to the entry/junior level. Similar to the trend in ITeS sector, retail too reported buoyant hiring in tier I and II cities such as Lucknow and Jaipur.

“Using younger people with higher potential will be the key and the scope of recruitment is now also going deeper into graduate colleges and vocational colleges”. Explains Seema Arora Nambiar, Senior Director-People Resources,McDonald's India (West & South Region)

Tier I and II cities, emerging job hubs:

While major locations witnessed stunted hiring activity, tier I and II cities surfaced as new employment centers in the Indian job market. Locations such as Jaipur, Lucknow, Chandigarh saw an upsurge in demand, mainly in sectors such as Construction, Automobiles, Consumer Durables/FMCG. This trend is expected to continue for next few quarters, with metros such as Delhi, Bangalore, Mumbai and Chennai likely to maintain staff levels and tier I and II cities emerging as new employment avenues in 2012-13.

“With many companies now focusing on tier-II and III markets, hiring in smaller cities such as Jaipur, Chandigarh, Vadodara and Indore will also rise.” Says Poonam Sharma, Group Director, Accurate Group of Institutions

Maharashtra leads the way:

Among key locations, the state of Maharashtra (excluding Mumbai and Pune) was the strongest performing region during the January-June'12 period. It overtook key employment hubs such as Delhi NCR, Chennai and Bangalore. Robust business growth in IT/Telecom and manufacturing & engineering organisations in the region, coupled with availability of talent, boosted the state's performance, stated experts. Demand for IT/Telecom professionals grew exceptionally well in this region witnessing a 29% growth. The region is expected to continue its growth run, with a double-digit growth very likely for the state in coming months.

“The IT industry is all set to take quick leaps in terms of becoming a sizeable player in the Maharashtra region. With right set of policies, direction and the success history as a legend, the region is clearly up for growth in coming years.” Explains Monika Tripathi, Vice President,Elixir Consulting

One of the key cities in Maharashtra,i.e. Pune, is expected to see demand for talent from sectors such as Manufacturing, IT/Telecom, Consumer Durables/FMCG, Retail and Automobile in coming months. Buoyancy in hiring is expected to return in Ahmedabad, with work on ongoing projects and expansion plans getting in full swing, by the end of this year.

Demand for Leadership and Fresh Talent:

A positive hiring momentum was observed for senior professionals with more than 10 years and over 20 years of experience for the first half of 2012. In leadership roles, candidates who can handle changing market conditions will be more in demand, in future, stated experts. In addition, demand for 2-5 years experience candidates is expected to rise in IT, ITeS and Manufacturing sectors. Prospects also seem bright for candidates with less than 2 years experience, in industries which are linked with domestic economy, such as Infrastructure, Manufacturing, Engineering and Construction.

“In future, we'll see demand for specialised and niche skills than for generic positions. Companies are focusing on developing additional channels such as ramp up of internal recruitment sources, social media and employment branding, to reap benefits when the real hiring picks up after a few quarters.” Sangeeta Lala, Vice President & Founder,Team Lease

“Employers are focused on hiring only highly skilled talent for niche roles and specialized functions and are using a mix of traditional and non-traditional methods, which include internal job postings, job rotation, use of social media, advertising on corporate websites, employee referrals  and of late, even re- hiring.” summarized E. Jayashree Kurup, Head of Content & Research, TimesJobs.com.

OTHER KEY FINDINGS

Industry Trends

  • Experts predict a rise in demand in engineering services, automobile and the healthcare domain
  • The BFSI industry experienced a decline in recruitment due to deprecating rupee value, inflation and growing interest rate. However, trends reflected in the report predict that NBFCs with rural concentration will continue their growth story
  • ITeS was the only sector where there is still active hiring due to long-term contracts with clients. This positive hiring trend is anticipated to continue with delivery growing in on-shore business.
  • Retail also saw some positive hiring activity due to opening FDI in single-brand retail, albeit only at entry level

© TimesJobs.com

Also in this issue: A special focus on the Real Estate industry

Employment Locations

  • Hiring to pick up in Consumer Durables/FMCG sector in the Delhi/NCR region.
  • In Mumbai, consumer durables/FMCG was the only sector to witness growth in demand. However, hiring likely to pick up in the next 6-8 months
  • In Bangalore the service sector employers are expected to hire.
  • The Power and Infrastructure sectors are emerging as big employers in the Ahmedabad region

© TimesJobs.com

Experience Level Trends

  • July-September'12 quarter expected to witness positive hiring for fresher/junior level
  • Demand for 2-5 years experience candidates expected to rise in IT, ITeS, Manufacturing sectors
  • High demand for mid-level candidates in IT/Telecom industry
  • High demand for senior candidates in IT/Telecom industry
  • Companies investing in leadership development of top talent of the organisation rather than hiring from outside

© TimesJobs.com

About RecruiteX

RecruiteX report by TimesJobs.com is the only recruitment report in India, which has brought industry leaders on a common platform to discuss and share the statistics related to the Indian employment market. The data figures have been corroborated with current trends and future predictions by experts. The report is segregated into three sections: top ten industries, locations and top five experience range. We have experts from Citrix, ABB, Mahindra & Mahindra, Philips, DIAL -GMR, McDonalds, Hyundai, Fortis, Manpower, PwC, Kelly Services, Hay Group, MaFoi, Team Lease, KPMG and ISB commenting and co-authoring in this issue.

RecruiteX Methodology

To minimise the scope of inaccuracy, the TimesJobs RecruiteX analysis is based on demand and supply data integrated with numbers collected by our offline teams and then segregated according to top industry verticals, experience ranges and locations. Demand for talent is computed by factoring activities of recruiters on TimesJobs.com. Supply of talent is calculated by the activities of the jobseekers on the portal. The base value of RecruiteX has been kept as 100 for the month of December 2010. All RecruiteX values for subsequent months represent the trend of RecruiteX viz-a-viz December 2010.

To get a copy of the report, please contact:

Primary Media Contact : Aseem Seth TBSL, aseem.seth@timesgroup.com, 91-99102 73367

Powered by WPeMatico

Leave A Response