India
Inc is hiring again. This means that if you are educated and jobless, your good
times start now.
The spurt in hiring, suggests the latest TimesJobs.com Recruit X survey, is sparked by the April-May general elections, with the expectation that the next government will stabilize the economy and spark growth.
The survey says the Project/Infrastructure sector, with a 12 percent rise in demand, is the top employment generator. The Railway/Metro segment, where technical expertise in design and execution is highly valued, is growing exponentially as is Petrochemicals, which recorded a 9 percent increase in job creation. Other areas where job opportunities are expected to spike, as per the survey:
• IT/Telecom sector by 6 percent
• Healthcare/Biotechnology/Pharmaceutical by 5 percent
• Manufacturing and Engineering by 5 percent
• Construction/Cement/Metal/Steel/Iron industry by 9 percent
In all above sectors, the greatest demand will be for trained engineers – a job profile that is expected to grow by 12 percent.
Work Experience is Key
Educational qualifications aside, a high premium attaches to prior work experience. Recruit
The spurt in hiring, suggests the latest TimesJobs.com Recruit X survey, is sparked by the April-May general elections, with the expectation that the next government will stabilize the economy and spark growth.
The survey says the Project/Infrastructure sector, with a 12 percent rise in demand, is the top employment generator. The Railway/Metro segment, where technical expertise in design and execution is highly valued, is growing exponentially as is Petrochemicals, which recorded a 9 percent increase in job creation. Other areas where job opportunities are expected to spike, as per the survey:
• IT/Telecom sector by 6 percent
• Healthcare/Biotechnology/Pharmaceutical by 5 percent
• Manufacturing and Engineering by 5 percent
• Construction/Cement/Metal/Steel/Iron industry by 9 percent
In all above sectors, the greatest demand will be for trained engineers – a job profile that is expected to grow by 12 percent.
Work Experience is Key
Educational qualifications aside, a high premium attaches to prior work experience. Recruit
X data shows that in March 2014, demand for
professionals with over 20 years of experience increased by more than 30 percent.
Those with 10-20 years and over 20 years of experience together accounted for
65 percent of the total demand. Demand for candidates with 5-10 years
experience spiked 2 percent, while demand for candidates with 2-5 years of
experience stayed stable, with no spike.
Opportunities for candidates with less than two years experience however dropped 6 percent month on month.
AP tops in opportunity
Hyderabad, with a 30 per cent job rise in March 2014, emerged as the city with the greatest opportunities followed by Chennai with a 20 percent spike. Delhi/NCR (6 percent) and Pune (3 percent) also witnessed strong growth.
Among the
states, Andhra Pradesh (excluding Hyderabad) tops with 20 percent increase in
demand for talent.Opportunities for candidates with less than two years experience however dropped 6 percent month on month.
AP tops in opportunity
Hyderabad, with a 30 per cent job rise in March 2014, emerged as the city with the greatest opportunities followed by Chennai with a 20 percent spike. Delhi/NCR (6 percent) and Pune (3 percent) also witnessed strong growth.
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