India Inc on manhunt drive as slump eases
Jobs are back and India Inc is witnessing an upsurge of 15 per cent in hiring trend, thanks to the improving economic climate.business Updated: Sep 28, 2009 15:11 IST
Jobs are back and India Inc is witnessing an upsurge of 15 per cent in hiring trend, thanks to the improving economic climate.
However, experts say it is too early to say that the situation has returned back to 'normalcy'.
"We see the movement happening across the sectors and it looks like worst is over. But the current scenario can not be considered as normal but it is better than bad," executive search firm GlobalHunt India professional leader Sunil Goel said.
If everything goes fine then it will take a year to reach to a normal situation, he added.
In last two quarters (January–March and April–June), hiring was almost 0–5 per cent across industries but in current quarter, average hiring has increased 5–15 per cent across industries.
Sectors like telecom, infrastructure, life sciences and energy have witnessed 25–30 per cent rise in hiring in the second quarter against the first quarter of this fiscal.
Meanwhile, IT, retail, banking, consulting, FMCG have seen 8–10 per cent hiring in the September quarter compared to the previous quarter.
"With the economy showing signs of recovery, there is cautious optimism in the job market and going forward, the coming quarters are expected to be better," an industry expert said.