Featured Job: IT Recruiter for Inventcorp, Hyderabad
News »Browse Articles » Indian employers to increase hiring in coming months
Vote Vote

Indian employers to increase hiring in coming months

Views 0 Views    Comments 0 Comments    Share Share    Posted 14-08-2009  
NEW DELHI: India Inc is hiring again. After months of rigorous cost-cutting, which included recruitment freeze and even downsizing of workforce in some cases, several Indian employers are looking to increase hiring in coming months, according to different surveys.

The Economic Times did a survey on select listed companies across sectors such as telecom, infrastructure, consumer goods, auto, pharma, technology and power, and all the respondents said they plan to increase their headcounts in the next three-six months. The companies planning to increase hiring include Infosys Technologies, Maruti Suzuki, Lupin Pharmaceuticals and Standard Chartered Bank.

A larger survey done by job portal TimesJobs.com noted an upswing in the hiring sentiment among Indian companies. The survey, which polled 5,000 companies across sectors in Indian metros, showed that almost half the respondents from Delhi and Mumbai are planning to increase hiring in the current quarter.

Even the IT capital Bangalore seems to be returning to reality after witnessing mass layoffs in the past quarter of 2008, with one-fourth of the firms planning to raise their headcounts this quarter. Interestingly, 52% of these firms said they are undertaking replacement hiring. Four-fifths of the firms in Delhi and 57% recruiters in Mumbai are hiring to ramp up for growth, said the survey conducted by TJ InSite, the research wing of TimesJobs.com.
The results show that Corporate India is upbeat on the economy in spite of the looming threat of a drought due to shortage of rains in this monsoon season and the fears of swine flu that has sparked panic in several cities. “Swine flu is not a pandemic yet; unless it goes to such proportions, there will be no impact on the job market,” says Sunit Mehra, managing partner of executive search company Hunt Partners.

Though these concerns remain, India Inc’s general mood is optimistic with the feeling that economic recovery has well and truly begun gaining traction across sectors. July’s robust car sales and industrial production figures bear out this optimism.

Globally, too, the signs are encouraging with lower-than-expected decline in the US economic growth for June quarter and a rebound to growth of the South Korean economy. “The quarter-on-quarter growth that India Inc has witnessed both in terms of revenues and profits, and the continuation of government stability, policies and commitments, have brought a more optimistic business forecast for organisations,” said Vivek Madhukar, vice-president of TimesJobs.com.

The TimesJob survey covered sectors such as IT, BPO & ITeS, engineering, logistics, healthcare, architecture, hospitality, travel & tourism, finance & accounting and sales & marketing.

Vote  Vote
Enter your comment:
No Comments For This News

Search News

What's the News?

Post a link to something interesting from another site, or submit your own original writing for the Recruitment community to read.

Most Popular News

Most Recent User Submitted News