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5-lakh jobs in health, IT, telecom, banking

business Updated: Apr 11, 2010 21:16 IST

A windfall awaits those looking for lucrative employment avenues with just four sectors — IT, telecom, banking and healthcare — expected to generate over five-lakh jobs by March next year.

According to experts at various global consulting firms, financial year 2010-11 comes with huge job opportunities across sectors and different hierarchical levels in companies.

“Banking, telecom, IT are the top three sectors where hiring intensity and volumes are significant,” said Kamal Karanth, MD, Kelly Services. “The overall hiring for IT and ITes sector is expected to be 150,000 professionals for fiscal 2011.”

Both, global consultancy Ernst & Young and workforce solutions provider Kelly Services, expect telecom sector to generate over one-lakh jobs.

Kelly Services expects healthcare and banking sectors to provide around 2.5 lakh and 40,000 jobs, respectively in FY 11.

“Some other sectors that are likely to lead hiring in 2010 include pharma, FMCG and education as these face a talent crunch,” said NS Rajan, partner and national head (people and organisation), E&Y.

The experts believe that hiring would be also robust across sectors such as real estate, retail and manufacturing. “Hiring is likely to remain bullish with positive business outlook for most companies,” said Rajesh A.R., vice-president, TeamLease.