News: Hiring outlook: FMCG, retail look positive, while ITeS, BFSI cautious

Talent Acquisition

Hiring outlook: FMCG, retail look positive, while ITeS, BFSI cautious

The hiring outlook and the growth of jobs in the new year will be a mixed bag, reflecting the performance of various sectors in the year gone by. Companies in sectors like fast moving consumer goods (FMCG), retail, healthcare and pharmaceuticals remain optimistic and will continue to hire in increasing numbers next year, but banking and financial services, information technology-enabled services (ITeS) and automobiles are likely to create fewer jobs with companies continuing with a cautious and conservative approach towards new hires. Developments like foreign direct investment in retail are expected to lead to substantial job opportunities in the sector, but the lack of trained manpower and staff will continue to be major challenges. Sales and marketing profiles will be in demand in consumer durables too. About 25 percent of the full-year recruitment will take place in the first quarter of the coming year and recruitments will be focused on functions like retail and distribution sales, and roles in digital marketing and their enterprise business.

The hiring outlook and the growth of jobs in the new year will be a mixed bag, reflecting the performance of various sectors in the year gone by. Companies in sectors like fast moving consumer goods (FMCG), retail, healthcare and pharmaceuticals remain optimistic and will continue to hire in increasing numbers next year, but banking and financial services, information technology-enabled services (ITeS) and automobiles are likely to create fewer jobs with companies continuing with a cautious and conservative approach towards new hires. Developments like foreign direct investment in retail are expected to lead to substantial job opportunities in the sector, but the lack of trained manpower and staff will continue to be major challenges. Sales and marketing profiles will be in demand in consumer durables too. About 25 percent of the full-year recruitment will take place in the first quarter of the coming year and recruitments will be focused on functions like retail and distribution sales, and roles in digital marketing and their enterprise business.

Source: The Economic Times 

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Topics: Talent Acquisition, #Updates, #Jobs

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