Wednesday, February 3, 2010

Effect of Recession on Government Jobs in India and Recession Proof Jobs

In the month of June 2009 AIR INDIA employees haven't received their salaries. The number of employees have also been slashed down due to recession. So it is not only the private sector but also the government jobs in India that are getting jolts from the the US recession. So all government jobs are not recession proof although the impact of US recession on government jobs in India is too low. This is the one side of the coin but if we look at the other side of it then we will find that Indian youth is shifting towards government jobs as they need security rather than money in corporate or private sector. Since 2008 Indian youth is seeing and facing recession that has given birth to such urges.

Banking today has become the most promising sector in India as there are numerous jobs in banking. In 2009 State Bank of India (SBI) has announced 1200 posts and hired deserving candidates. Even Dena Bank has declared around 2500 posts for different sectors this year.

Now if we look at the private sector then most of the IT companies in India were not hiring in 2009 so India has become the valley of job seekers. Moreover most of the IT companies were doing lay offs that has led to this paradigm shift. Because of this vary reason people are now moving towards the government jobs in India as these are comparatively more stable and has additional advantages of PF and stuff like that. Most of the engineers, IT trained professionals, fashion designers, and retail sector professionals are finding government jobs in India.

But there is also a good news as Global Manpower Survey is showing that year 2010 will see more jobs in India. A survey of 3600 employers was done in the first quarter of 2009 which has shown that 63% of employers wont change the hiring pattern. The survey has also shown 6% increase in hiring.

List of Recession Proof Jobs according to Forbes

  1. Sales Representative
  2. Software Design and Development
  3. Nursing
  4. Accounting Executive
  5. Accounting Staff
  6. Networking and System Administration
  7. Administrative Assistant
  8. Business Analysis and Software Implementation
  9. Business Analysis Research
  10. Finance Staff


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