Indian Job Market Scenario is Showing a Rising Trend

The dragon of economic recession has engulfed every sector and undoubtedly the employment sector in the India job market scenario is the first one to have a hard hit because of this. Globally numerous companies are laying off their employees. In India the conditions in the beginning of 2009 were quiet similar when a job dip came and with this the job market reached at 29%. But due to financial insight of India's leaders, the Indian job market is showing the promising growth and it has gone to 51% in the second quarter. So there is a rising trend in the Indian job market. These figures are shown in the quarterly survey by Global Placement Report on employment trends for Indian job market with 30 key countries. It says that Indian's job market is the strongest.

India is one of the strongest nations that is growing profusely in every sector. Hyderabad, NCR, Bangalore & Chandigarh have become the IT hubs that generates numerous jobs even during the recession period in India job market. According to the Boston Consulting Group the sector like IT, health, banking, retail and outsourcing along with others will have the requirement of 85-90 million people even during the hard economic times. The another survey by HR consultancy Manpower projects is showing that jobs in India are not much affected by the recession. In Hyderabad the largest banks are opening their branches and huge construction for that is going on at a fast pace. In the near future it is expected to generate 2,00,000 new jobs in financial and banking domain freshers as well as experienced fellows.

Also the outsourcing sector like BPO, KPO & other call center jobs are the major job providers in India. HCL, Wipro, Converges, Excel are few to name are the top guns in BPO industry. These big companies are recruiting numerous candidates. Apart from this, the sectors of health, insurance, pharma are also showing significant growth, which again is the symbol for rising trend in Indian job market. If we consider the govt sector then Indian Railways is the biggest employer in India with 1.42 million employees. Not to forget Indian railways is also the fourth largest employer in the world. All the state level, the railway industry is expected to hire new professionals in the coming years.

Top ten companies by NASSCOM (the National Association of Software & Services Companies) who are hiring:

• Tata Consultancy Services
• Infosys Technologies
• Wipro Ltd
• Cognizant Technology Solutions (India)
• HCL Technologies
• HP India
• MphasiS Ltd
• Intelenet Global Services Ltd
• IBM-Daksh Business Process Services Pvt Ltd
• Genpact India Pvt Ltd

Job market in India is thus flourishing and giving all sorts of career opportunities.

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Fast Changing Job Market- The Recession Surveys 2009

You have been worrying about handling a possible layoff and might be keeping an eye on the happenings in the job market. Not only you, market itself is vigilant on the issue. Many surveys have been conducted in the past few months to gauge the impact of recession on the Indian job market. Its amazing to know how fast the scenario of job opportunities are changing! See it for yourself.

February 2009- India, the safest employment destination

A survey by Hewitt, an HR consultancy firm, predicted in February that salaries would continue to rise at an average of 8.2% in 2009. It further said that India was one of the safest options for employments because only 16% of the Indian companies were considering layoffs as an option whereas 55% of the US companies and 30.6% of the Chinese companies were considering layoffs as the most viable option. The survey also projected that about 60% companies were still thinking of hiring new employees. 9 out of 10 companies were also giving promotions to the right candidates. It placed Healthcare sector among the top five sectors for 2009.

April 2009- Recruiters say no layoffs but freeze fresh hirings

Then came the survey report of Pricewaterhouse Coopers (PwC) which said that most Indian companies were against layoffs but they had also stopped fresh hirings and staff incentives with a curb on outstation travel for executives. The information technology and outsourcing, which were the booming sectors of the past, had become more conservative with 84% recruiters stating that there will be no more hirings.

July 2009- Recruiters positive about adding new jobs

And now comes the latest report of the survey conducted by Naukri.com which has brought some relief by stating that 44% of recruiters predict addition of new jobs. Further, 37.5% of them have anticipated replacement hiring while 13.4% expect a freeze. However, a small 4.6% recruiters still anticipate layoffs in 2009. The hiring scenario of industries such as pharma & medical, construction & engineering and telecom is positive where over 50% of the recruiters are planning to create new jobs during 2009. About 15% recruiters from IT industry indicated that there is no possibility of recruitments during the year, while 4% went off to say that there would be layoffs. The worst case is that of ITeS where over 8% recruiters indicated layoffs during the year 2009.

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