For special skills, job mkt still hot | business | Hindustan Times
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For special skills, job mkt still hot

business Updated: Apr 05, 2009 20:37 IST

With multliple job options and competitive pay packets seeming like a thing of the past in the white-collar job market, experts say that developing specific skill sets may just be the wise to thing to do. Recruiters, despite the downturn and all that, are still looking to hire people for critical roles.

Industry watchers say that niche hiring or that for people with specialised skill sets is happening in sectors including information technology and manufacturing. “Those with less than two years experience are worst hit as they do not have any
domain experience,” said Rajesh AR, vice-president at temporary staffing firm TeamLease.

Haedhunters believe that there is more openness to switch sectors amongst middle and senior level professionals.

Firoze Patel, senior client partner at recruitment firm Korn/Ferry International said that parentage of companies is very critical. “People with a few years experience are open to shifting to companies with good fundamentals. Unlike earlier years, people today are not looking at the flashiness of companies or even just the remuneration levels. Stability is most critical,” he said.

Some observe that sectors like private equity and insurance are busy hiring at this time to cash in on the economic crisis, which would enable them to get top talent at reasonably salary levels.

“Employees are ready to move to safer sectors to ensure that their jobs are safe at a time when there is lot of uncertainty in the market,” a senior executive at a large foreign bank told Hindustan Times.