The Indian job market
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Posted On :
Nov-24-2011
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Article Word Count :
737
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No organization can be ran just by a single person, it needs a good man force or work force to deliver something which can earn it turn over as well as reputation in market.
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India has made great economic strides since 19 91 when the process of economic reforms were ushered in, which has enabled the country's GDP to grow, reaching a level of 9.6 per cent in the year prior to the global economic crisis of 2008. With its strong fundamentals and resilience, the Indian economy will grow, and will continue to pursue an inclusive growth strategy, that includes an ambitious programme for the expansion of social and infrastructure sectors. Indian economy had faced global financial meltdo wn with alacrity and persisted with a high growth trajectory. India's weight in the global economic landscape increased considerably.
Job and employment market in India is at its best today, with numerous well-paid job opportunities in every sector. The young generation with professional qualifications is very likely to obtain high-paying jobs. The growing Indian economy with high GDP growth rate is a bo ost for the companies to recruit new and capable employees. Consequently, the majority of the organizations in India are in the process of hiring and will continue to hire additional talent with an aim to expand their businesses. Every month, a number of new jobs are added in both organized and unorganized sectors. Not only the big industries, but the small and medium size industries have also been a great contribution in the creation of numerous job opportunities.
As per Assocham Indian economy will create 87.37 million new jobs by 2015 with a average of close to
20.00 million new jobs annually.
In a rece nt study, 13 industry sectors have been id entified as major job creators in the Indian job market namely Banking, Financial Service & Institutions, Information Technology and IT Enabled Services (IT and ITES), Pharmaceutical & Healthcare Trade, Consumer Retail Service, Energy, Transportation, Storage and Communication, Real Estate and Construction, Hospitality, Media and Entertainment, Manufacturing of non-machinery and equipments, Education & Training and Consultancy services.
Hiring is robust across all sectors and all levels, according to talent acquisition firms and human resource heads.
At least 80% of the recruiters who participated in Naukri.com hiring outlook survey for 2011 are confident of new jobs in the first half of the year.
80% recruiters predict addition of new jobs, 36% expect replacement hiring and only 2% of them anticipated layoffs.
There has been a change in predictions over the last two years. A similar survey in Jul-09 had 45%
recruiters anticipated creation of new jobs. In Jul-10 the number rose to 73%. 2011 presents even a better and brighter employment picture in India. The survey also questioned on the Range Of Increments by the organizations to the employees in 2011. According to 34 % of the recruiters surveyed, the range of increments will be between 10% and 15%. 29% said that the range will be between 15% and 20% and 14% predicted the increments to be 20% and more. Therefore, the survey unfurls a positive employment picture for almost all the sectors. With its swiftly growing economy, India has strongly met the challenge posed by the global recession
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Article Source :
http://www.articleseen.com/Article_The Indian job market_109377.aspx
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Author Resource :
Mavenworkforce is a specialist recruitment agency based in Delhi, India. They provide a wide range of recruitment and managed services which include Placement Agencies in Delhi, executive search firms and tailored human capital solutions.
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Keywords :
placement consultants india, RPO India, staffing india, HR consultants India, placement consultancy india, executive search f,
Category :
Business
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Careers
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