News: Hiring expected to pick up in the coming quarter

#Updates

Hiring expected to pick up in the coming quarter

According to the inaugural issue of the TimesJobsRecruiteX Quarterly Report, Indian Inc. , is watchful in their recruitment needs and is going through this uncertain phase with poise. Indian employers are treading on a cautious yet optimistic trail and maintaining staff levels across major industries. Employers have definitely become selective and are conscious about the need for ‘right’ hiring at this juncture. The good news is that this period of uncertainty is better than 2008, since there are no large layoffs or hefty cost cuts and people are not losing jobs.

According to the inaugural issue of the TimesJobsRecruiteX Quarterly Report, Indian Inc. , is watchful in their recruitment needs and is going through this uncertain phase with poise. Indian employers are treading on a cautious yet optimistic trail and maintaining staff levels across major industries. Employers have definitely become selective and are conscious about the need for ‘right’ hiring at this juncture. The good news is that this period of uncertainty is better than 2008, since there are no large layoffs or hefty cost cuts and people are not losing jobs.

The TimesJobs’ RecruiteX reports that all major industries clocked stable hiring patterns during the October-December 2011 quarter. According to the quarterly analysis of the RecruiteX, only three industries, BPO/ITeS, Consumer Durable/FMCG and Retail, out of the top ten industries, reported double-digit growth over the base level recorded in December 2010. Demand in support functions such as HR and Accounting & Finance has overshadowed core functions across top ten industries.

In terms of geography, both Delhi NCR & Mumbai have performed poorly on the demand index. Market experts opine that the hiring activity was negative in metros due to the poor macro-environment and negligible business investments. Among the other geographies Pune witnessed decent growth in demand during the October-December 2011 quarter. Bangalore reported an increase in hiring activity and was the top performer during the same period.

Source:  TimesJobs RecruiteX Quarterly Report

Topics: #Updates, #Jobs, Talent Acquisition

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