Hiring Market in India

Hiring Market in India

Introduction:

The jobs in 2017 present a mixed data. The pharmaceutical sector, the telecom sector, IT services, Ecommerce will hire in big numbers while the pace of hiring for FMCG and automobiles may slow down. The big companies will push forward on business expansion following their annual strategy reviews.

 

The scene:

Large Indian MNCs are all set for tremendous growth and see a huge demand for sales and specialist roles. There is a need for skilled and innovative employees. 

Today the workplaces are changing in a dynamic manner, and Companies are on the lookout for employees who focus on an entire skill-set required by them. The employees are selected on the skills they possess instead of their degrees, and the digital knowledge leads to a right fitment.

 

Major changes when compared to the past:

The current business models are disrupted.

There is an unprecedented leverage of technology which has ushered large scale change in all aspects of workforce management.

Instead of predominance of a particular skill, organizations are favoring multi-skilled and multi talented resources.

LinkedIn and Social Media have become a rich source for hiring the employees. 

Video interview based selection process, behavior tracking and multitasking skills have changed the norms.

 

Sector wise demands:

At present Ecommerce is maturing as an industry and has a better utilization of costs and resources. More retailers will arrive at ecommerce platforms which will boost need for manpower and skills at the digital end. There is increased focus on automation in all industries which is hurting the job prospects in a big way.

Companies in the manufacturing sector have the issue of skill gap and are unable to find qualified and right candidates for various positions. Skill development of the enormous talent pool will act as a lever of growth.

IT/ITeS sector is poised to grow at a rate of 9%. NASSCOM expects the sector to add $20 billion to the previous year’s revenue of $146 billion. Companies will boost operations, in Data Sciences, Algorithm Design and Cloud Computing. The anticipated changes in the US Immigration and Visa Policies are already affecting the sector.

The IT industry is expected to remain competitive, but value proposition is necessary to maintain an edge.

Pharmaceuticals have a big market in the country and the demand in this is not going to change in the near future.

Based on these facts hiring will continue to contribute towards the initiatives of Make-in India and other spheres. 

 

       

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