Experts predict that while the macro environment would remain challenging, there will be a positive hiring sentiment in 2013.
The bi-annual edition of TimesJobs.com RecruiteX provides an in-depth and insightful report on the demand and supply of Jobs and the recruitment trends in India.
- According to TimesJobs.com data, Automobile, Manufacturing and BFSI industry will continue its positive hiring momentum in 2013.
- Unconventional channels of recruitment such as hiring through Tier II and III cities will become more and more evident in 2013, thereby giving visibility to rural talent.
According to the findings of the Bi-annual edition of RecruiteX, cautious optimism prevails across major industries. Uncertainty in the global and domestic markets and policy challenges are resulting this approach.
Engaging and retaining talent was the top workforce management agenda for companies across industries through 2012, and will remain the focus in 2013. Most organisations are eying brand-positioning exercises to attract top talent. Along with organisations’ referral programmes, online social activity was on top of every recruitment head’s agenda in 2012 and will continue to be so through 2013. Unconventional channels of recruitment such as hiring through Tier II and III cities is also becoming more and more evident, thereby giving visibility to rural talent.
According to Amit Jain, Business Head, TimesJobs.com, “While support functions saw growth in hiring activity; Sales and Business Development professionals emerged as the most in-demand profile early this year. Most organisations across industries are focussed on manpower optimisation – ‘hiring on demand’ rather than benching. Going forward, policy decisions will spur hiring, particularly in the BFSI and Retail Sectors.”
While Automobile, Manufacturing and BFSI industries preserved a positive hiring momentum hiring sentiments were weak across other key sectors. Negative sentiments continued to plague the IT & Telecom industries as well. Poor budget allocations for IT industry coupled with the uncertain macro environment are to be blamed for the downbeat hiring activity during the second half of 2012, felt industry experts.
Sales and Business Development professionals emerged as the most in-demand profile during the July-December 2012 period. In addition, Support Functions saw growth in hiring activity, demand for other key functional areas dropped across industries.
During the July-December 2012 period, demand for fresh/entry level candidates and senior professionals was upbeat but demand for talent at middle level recorded flat to negative activity across industries during the same period.
Experts predict that while the macro environment would remain challenging, 2013 can be a good year for industries, with the right investments and technology innovations. They also ascertained that the collaboration between government, academia and industries is the need of the hour and it would provide a competitive edge to Indian recruitment industry in 2013.
Some Industry Perspectives from Recruitex
“After the assessment of the last quarter results of the IT/Telecom companies and the forex, the compensation budgets would probably remain the same or less than last year (2012). This would mean a much stronger focus on performance and potential of an individual and the ability of the organisation to identify the right talent.”
– Ravi Shankar, EVP & Chief People Officer, Mindtree
“The IT industry will take some time to recover, atleast 2-3 quarters. By the fourth quarter of 2013 the industry will gain ground and show about 20% growth. As for the telecom industry, I am very bullish about hiring in this industry in the coming months. Auctions in February and March will help consolidate the industry – it will establish which players are serious and where they want to go from here, leading to hiring.”
– A G Rao, Managing Director, Manpower Group India
“In the next few years, there will be almost 5 lakh jobs available in the banking industry. With the new banking license regime, it should only make the job market more lucrative.”
– Hamsaz Vasunia, Group-Vice President, DCB Bank
“Jobs and manpower growth in healthcare is expected to be 20 to 22 per cent this year, compared with 14 per cent in 2012. An average increment for employees in healthcare sector is expected to be in the range of 5-10%.”
– Jacob Jacob, Chief People Officer, Apollo Hospitals
“While the retail sector is pegged to create 10 million jobs by 2015, the critical area that needs attention is development of relevant skills to make the workforce employable. To this effect, various agencies and associations like the Retailers Association of India are imparting training to acquire functional competencies to develop and harness skills.”
– NS Rajan, Partner and Global Practice Leader – People & Organisation, Ernst & Young
About RecruiteX
RecruiteX report by TimesJobs.com is the only recruitment report in India, which has brought industry leaders on a common platform to discuss and share the statistics related to the Indian employment market. The data figures have been corroborated with current trends and future predictions by experts. The ‘new’ look of RecruiteX analyses the top ten industries, with a special focus on the Aerospace industry. Each industry section includes an analysis of the data, location wise, function wise and experience wise, along with inputs from industry leaders about future trends. It also includes an ‘Interview with an expert’ who deconstructs the next wave in recruitment for that particular industry.
