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Job street in India to get flooded next year
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Job street in India to get flooded next year
Global consultancy firms Accenture, Deloitte, banks StanChart and Barclays and Indian IT giant Infosys all have announced hiring plans that would see the creation of at least 13,000 jobs in India by the end of next year.
Analysts are not surprised by the bullishness on display. “India has been reporting the strongest quarterly hiring expectations globally for the last six quarters and preliminary research shows that strong hiring optimism should continue at least into the first quarter of 2010,” said Darryl Green, president, Asia Pacific and Middle East, at global HR consulting firm Manpower Inc.
In the past year, India remained a global success story in terms of job growth despite the fact that the world’s most populous nation faced some serious economic challenges including its worst drought in almost four decades, he said.
Global technology and consultancy firm Accenture on Monday said it planned to hire 8,000 people by the end of next year, which will take its total workforce in India to 50,000. “We believe that analytics is going to be an important trend that our customers are going to demand from us. We think India is going to be a great place for us. We have some core centres of excellence in the analytics space in the country,” said William D Green, chairman and CEO of the $21.58 billion firm that employs 177,000 people globally.
UK-based Standard Chartered that may list its shares on Indian bourses next year is planning to hire 3,000 people in India by the end of 2010. StanChart, which has around 18,000 people on its rolls in India, has already hired 2,000 employees so far this year, said Madhavi Lall, StanChart’s regional head for human resources.
Barclays, another UK-based bank, said it would boost its merchant banking workforce across Asia by 10% during 2010. “We have seen very strong performance across Asia for all our business classes.... We would expect our workforce to increase across Asia by 10%,” said Robert A Morrice, the bank’s chairman and CEO for Asia Pacific.
Audit and consultancy firm Deloitte upped its employee strength by 30% to 11,500 in India in a year when most firms where shedding jobs. It has also raised its workforce target from 12,000 to 15,000 by 2012.
“India is more resilient than other economies and I think India would lead the recovery in the global economy,” Deloitte global CEO Jim Quigley said, reflecting the faith business leaders across the globe have in the strength of the second-fastest growing economy of the world.
Infosys BPO too plans to hire 2000 people by the end of the current fiscal, CEO Amitabh Chaudhry said. The Indian IT giant’s backoffice services wing that employs 16,000 people in India at present recently signed a pact with the Andhra Pradesh government to set up rural BPO centres in 22 districts of the state.
Source:
http://economictimes.indiatimes.com/articleshow/5214077.cms
