India Inc. Bounces Back & Starts Hiring
TJ InSite finds that recruitment in the major metros of the country is once again on the upswing
New Delhi, India, August 26, 2009 --(PR.com)-- TJ InSite, the Research Wing of TimesJobs.com, India’s leading job portal, promoted by the Times Group, conducted a survey that captured the hiring sentiment amongst companies in India recently. The recruitment outlook amongst employers in the nerve centers of Delhi, Mumbai & Bangalore is once again on the upswing as employers plan to increase hiring in the next quarter, as reported by 42% of the employers in Delhi, 44% in Mumbai and 24% in Bangalore.
Commenting on this result, Mr. Vivek Madhukar, VP, TimesJobs.com said, “The positive hiring outlook of Employers in India is not unfounded, the Q-on-Q growth that India Inc. has witnessed both in terms of revenues & profits, and the continuation of government stability, policies & commitments, have brought a more optimistic business forecast for organisations.”
ITeS industry veteran Ms. Shailaja Puranik, Country Director & COO, Hays Business Solutions, remarked, “Hiring has started across all levels in the last three months, across the ITeS & BPO industry, though at half the pre-September 2008 levels. However, the major change now is that the hiring is happening for the core groups of business and not for support functions. Hiring is taking place in new areas or where outliers have been weeded out. Salaries have remained at earlier levels.”
“Just in Time (JIT) hiring has begun in a small way,” said Mr. Ravishankar B, Senior Vice-President, Human Resources, HCL Technologies, as the company is scouting for niche skills in the experience range of three plus years. “Today there are definite signs of hiring. While specialized or JIT hiring is happening and people with niche skills and some experience are being sought, we are also entertaining walk-ins and have been calling for interviews. It is still too premature to comment whether this is a spike or a regular trend. I think we have to wait for two to three months to make such a comment.”
TimesJobs.com Research collated feedback from a wide range of corporate employers in Delhi Mumbai & Bangalore spanning sectors as diverse as IT, BPO & ITeS, Engineering, Logistics, Healthcare, Architecture, Hospitality, Travel & Tourism, Finance & Accounting and Sales & Marketing.
According to the study Delhi appears to be the most bullish with 81% of employers surveyed recruiting to Ramp Up for Growth over the next year. A majority of Mumbai corporates (57%) are also hiring to grow their businesses.
India’s Silicon Valley – Bangalore, seems to be returning to reality, after a knee-jerk mass-retrenchment execution undertaken in Q4 2009, 52% of the corporates surveyed are undertaking Replacement Hiring of HR reduced earlier, while the balance prepare to Ramp up for Growth over the next year.
In terms of Experience Levels, for the Senior Managerial Grade, which forms the top of the corporate pyramid 9% of Corporates in Delhi, and 6% of Corporates in Mumbai, are looking for qualified people. The demand from Bangalore for this grade, however, is negligible.
The demand for Managers, with 3 to 8 years of Experience in Delhi is at 22%, Mumbai at 36% and Bangalore recruiting 21% of their total recruitment demand from this grade.
The demand for Executives with 1 to 3 years of experience have requirements from Delhi arriving at 52%; Mumbai at 39%; and 55% in Bangalore of total demand. This is closely followed by Freshers with 0 to 1 years of experience, constituting 17% of the demand in Delhi, 19% in Mumbai and 24% in Bangalore.
Of the Corporate Respondents from the IT Industry, 7% in Delhi, 16% in Mumbai and 12% in Bangalore, were planning to increase hiring and headcount over the year.
What is heartening to note, is this trend on employment. The TJ InSite Survey has shown that the major drivers of recent growth and employment in India, namely, the Sales and Marketing, IT, ITeS & BPO, BFSI, Engineering sectors have not just initiated replacement hiring, but have started recruitments to Ramp up for Growth.
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Commenting on this result, Mr. Vivek Madhukar, VP, TimesJobs.com said, “The positive hiring outlook of Employers in India is not unfounded, the Q-on-Q growth that India Inc. has witnessed both in terms of revenues & profits, and the continuation of government stability, policies & commitments, have brought a more optimistic business forecast for organisations.”
ITeS industry veteran Ms. Shailaja Puranik, Country Director & COO, Hays Business Solutions, remarked, “Hiring has started across all levels in the last three months, across the ITeS & BPO industry, though at half the pre-September 2008 levels. However, the major change now is that the hiring is happening for the core groups of business and not for support functions. Hiring is taking place in new areas or where outliers have been weeded out. Salaries have remained at earlier levels.”
“Just in Time (JIT) hiring has begun in a small way,” said Mr. Ravishankar B, Senior Vice-President, Human Resources, HCL Technologies, as the company is scouting for niche skills in the experience range of three plus years. “Today there are definite signs of hiring. While specialized or JIT hiring is happening and people with niche skills and some experience are being sought, we are also entertaining walk-ins and have been calling for interviews. It is still too premature to comment whether this is a spike or a regular trend. I think we have to wait for two to three months to make such a comment.”
TimesJobs.com Research collated feedback from a wide range of corporate employers in Delhi Mumbai & Bangalore spanning sectors as diverse as IT, BPO & ITeS, Engineering, Logistics, Healthcare, Architecture, Hospitality, Travel & Tourism, Finance & Accounting and Sales & Marketing.
According to the study Delhi appears to be the most bullish with 81% of employers surveyed recruiting to Ramp Up for Growth over the next year. A majority of Mumbai corporates (57%) are also hiring to grow their businesses.
India’s Silicon Valley – Bangalore, seems to be returning to reality, after a knee-jerk mass-retrenchment execution undertaken in Q4 2009, 52% of the corporates surveyed are undertaking Replacement Hiring of HR reduced earlier, while the balance prepare to Ramp up for Growth over the next year.
In terms of Experience Levels, for the Senior Managerial Grade, which forms the top of the corporate pyramid 9% of Corporates in Delhi, and 6% of Corporates in Mumbai, are looking for qualified people. The demand from Bangalore for this grade, however, is negligible.
The demand for Managers, with 3 to 8 years of Experience in Delhi is at 22%, Mumbai at 36% and Bangalore recruiting 21% of their total recruitment demand from this grade.
The demand for Executives with 1 to 3 years of experience have requirements from Delhi arriving at 52%; Mumbai at 39%; and 55% in Bangalore of total demand. This is closely followed by Freshers with 0 to 1 years of experience, constituting 17% of the demand in Delhi, 19% in Mumbai and 24% in Bangalore.
Of the Corporate Respondents from the IT Industry, 7% in Delhi, 16% in Mumbai and 12% in Bangalore, were planning to increase hiring and headcount over the year.
What is heartening to note, is this trend on employment. The TJ InSite Survey has shown that the major drivers of recent growth and employment in India, namely, the Sales and Marketing, IT, ITeS & BPO, BFSI, Engineering sectors have not just initiated replacement hiring, but have started recruitments to Ramp up for Growth.
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Times Business Solutions Limited
Aseem Seth
+919910273367
http://www.tbsl.in
Aseem Seth
+919910273367
http://www.tbsl.in
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