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SummaryYear 2013 was lacklustre for job seekers

While 2013 was lacklustre for job seekers, the year 2014 seems promising: TeamLease Services

Year 2013 was lacklustre for job seekers. While the business outlook did fare better, hiring sentiments were subdued as companies did not anticipate a near-future uptick in demand. Except for a slight surge between April and September, the employment outlook was largely negative in 2013. Another trend was increasing stress on hiring ‘productive workforce’. Further, while metros continued to dominate, 2013 also witnessed an increase in companies scouting for talent from tier-2 cities. While Mumbai displayed stability in terms of employment and business outlook, Bangalore and Delhi did not start well in the first quarter of the year but gradually picked up steam. However, Kolkata was a laggard both in terms of hiring as well as business outlook.

While 2013 marked a year of disappointment on the hiring front, 2014 seems promising. The upcoming national elections coupled with the improvement in the global economic conditions are expected to bring cheer. In fact, as the year progresses, the corporates are expected to come out and invest into business again, automatically leading to talent search.

FMCG, consumer durables, telecom, retail and hospitality are expected to drive growth in 2014. With regard to compensation, while last year companies wanted a clear ROI on every hire, in 2014 companies may revise the compensation package and explore a motivational approach. Although most sectors will witness stability, services sectors—hospitality, telecom, banks—are likely to be hit by increasing attrition. As the stress is on candidates who could hit the road immediately, 2014 may not be great for freshers. While mid and senior candidates will experience slow growth, professionals with niche and specialised skills will witness steady growth.

Great Lakes organises 3rd biz analytics conference

The Great Lakes Institute of Management, Chennai, held the third International Business Analytics Conference at its LEED-certified campus. This conference is an annual summit where industry’s renowned leaders and management students take part to discuss the current trends of business analytics and the impact it is going to create. Professors and doctoral students from renowned universities globally participated in this. In his address, Bala V Balachandran, founder of the institute, said, “Business analytics is the way of the future. Big data, mobility optimisation and business intelligence is capturing the business world in a fast paced phase and it is time to take advantage of it in order to optimise business profitability.”

IMT Ghaziabad signs MoU

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