Tier II Indian cities to generate more job opportunities: Monster
A recent report by Monster India suggests that 2016 will see a rise in opportunities for job seekers in tier II cities. The year is expected to exhibit the sought after results of the reforms brought about by the government. The whitepaper released was based on the evaluation of 5 years of data based on online hiring activity.
Monster India Managing Director (India/Middle East/Southeast Asia/Hong Kong) Sanjay Modi said, "We can see some positive movement by government to make people more employable. The land acquisition bill for instance states that about 30 crore landless people will get employment in the industrial corridors. Similarly, railway reforms will offer a level playing field for private players investing in the sector."
Furthermore, the Defence Procurement Procedure (DPP), 2016 would further leverage the 'Make in India' initiative with greater emphasis on private sector and also the medium and small scale sector.
The report highlighted that the focus on 'Make in India' and the plan to create 100 smart cities will possibly increase the hiring activity in manufacturing and commerce as well as in the infrastructure sector, following which tier-II cities are expected to be among the largest contributors.
"The robust growth of the start-up ecosystem is urging individuals to explore new business avenues. Therefore, one anticipates greater demand for experienced professionals, especially from mid to senior management," Modi said.
The report also suggested that the job market opened up in 2014 with an average 17% increase in demand and BFSI led the online hiring activity followed by IT and Production & Manufacturing.
"The improved job market is fueling renewed optimism in the banking, financial services and insurance (BFSI) sector. In September 2015, online recruitment in the sector was 85% higher than the year-ago and the pace of growth year-on-year has been improving consistently," the report said.