A stable political background coupled with strong economic cues; 2015 started on a positive note. Now that the growth momentum has continued for almost a quarter into the New Year, it seems that there’s only good news for India Inc. as well as potential candidates who are on the lookout for bigger and better opportunities.
Among the many reasons that are keeping India’s growth story intact, factors such as a higher than expected GDP growth rate, a burgeoning e-commerce industry and expectations of foreign companies setting up shops in the Indian market, all amount to a palpable excitement among the job-seekers as well as the recruiters.
The media has been abuzz with speculations, with experts from various sectors offering their views on how the hiring activity will take shape in 2015.
Let’s take stock of the many points that made news.
1. Skilled workers win big
As per an article published on Rediff, dated December 23, 2014, many industries are focusing on high-end technologies to boost their productivity and improve efficiency, and although freshers are better placed in 2015 as compared to the previous year, there will be greater demand for individuals with ready-made skills. The situation is more perceptible in the IT sector. As mentioned in an article published on Jan 6, 2015 in the national daily Hindustan Times, the Governments’ push towards high growth is set to have a positive impact on job generation, with recruitment specialists expecting the hiring activity to go up by as much as 40 per cent as compared to the previous years.
2. Core sectors to lead the pack
The latest RecruiteX report echoes the positive sentiments of industry specialists. As per the report, the sustained growth in the Indian economy will fuel demand for jobs, especially in core sector industries like IT, engineering, manufacturing, BFSI, hospitality, logistics, e-commerce and retail. Flush with funds, companies from the sunrise e-commerce sector are expected to emerge as one of the leading employers this year, with the greatest demand anticipated for candidates who possess strong domain-based expertise.
According to an article published in the Business Insider, dated January 20, 2015, recruiters across sectors are hopeful of brisk hiring in key 25 sectors like automobile, aviation, construction, food processing, oil and gas, mining, defence, manufacturing, biotechnology, pharmaceutical and chemical, that are crucial to Modi’s Make in India initiative.
As per the feature article, ‘Achche din for job seekers? Hiring may go up in 2015’, which was published in the Hindustan Times; the emphasis of the government on the manufacturing sector is expected to create 100 million jobs in the next 10 years in the manufacturing, mining and infrastructure sectors. The article also adds “Other sectors that will be at the forefront are banking, financial services and core sectors where the increase in hiring would be more than 25%, followed by sectors like auto, software and information technology”.
3. Region-based demand generation
According to the article titled ‘Reports predict hike & hiring cheer in 2015 for India’, that was published in the daily, Times of India, job-seekers from tier II and tier III cities of the country have a reason to cheer as more companies are searching for good talent at lower costs. Also set to gain are candidates based out of the western and southern regions of India.
As per the Employment Outlook Survey of Manpower Group “there is reason to cheer in the southern and western regions of the country which reflected strongest hiring intentions of 46% and 45% respectively”. The survey also goes on to add that among the 42 countries that took part in the research, India reported the most optimistic hiring plans.
With India Inc. set to generate almost 10 Lakh jobs, the job tally is expected to only get stronger from here on, and if you’ve been on the hunt for your dream job, 2015 may just prove to be your lucky year.