Happy days are here again
BFSI, IT-ITeS, Retail, Healthcare etc. are the sectors that will see growth this year, according to HR service providers
Recruitment experts also see the shortage of talent and retention of critical talent becoming a core issue this year. Key skills such as energy and life sciences, analytics, IT, and other technical skills will be in short supply
PSUs who have been recruiting, are also going to generate more employment this year as the trend will increase with divestment
Experts agree that the job outlook for 2014 is looking great. But what are the sectors which are driving this hiring trend? People Matters spoke to several HR service providers to understand what is driving recruitment in some sectors and not in others, the reasons for the same, and how that is going to affect the race for talent. We also explore how the prospect of general elections for the Lok Sabha, which will be conducted in two months, is going to affect the hiring plans of companies. The cross-section of service providers that I spoke to for the story agreed that the sectors that were generating the maximum number of jobs this year were Banking, Financial Services and Insurance (BFSI), Information Technology and Information Technology Enabled Services (IT-ITeS), Fast Moving Consumer Goods (FMCG), Healthcare and Infrastructure. Apart from the above biggies, another emerging sector is e-retailers, which is creating job opportunities. A slight hike of 2 per cent is expected in hir...
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