Firms focus on up-skilling available talent than fresh hiring

Sep 12 2013, 19:42 IST
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Hiring activity in India recovered in the January-June of this year over the second half of 2012. Hiring activity in India recovered in the January-June of this year over the second half of 2012.
SummaryHiring activity in India recovered in the January-June of this year over the second half of 2012.

Hiring activity in India recovered in the January-June of this year over the second half of 2012 but organisations are still trading the cautious path as focus is more on up-skilling available talent rather than fresh recruitment, says a report.

According to the latest edition of TimesJobs.com's Bi-annual RecruiteX, cautious optimism prevails across major industries as the main focus of employers is on up-skilling available talent rather than sourcing fresh talent.

"Hiring scenario recovered during January to June 2013 from the downturn observed during July to December 2012," the report said, adding IT/Telecom and construction industries observed maximum growth in the recruitment activity.

According to the RecruiteX report, building in-house talent besides engaging and retaining employees will continue to be the focus of companies across industries.

Moreover, considerable emphasis would be on hiring local talent due to current macro-economic scenario, rupee vs dollar strength and the according rise in expat salaries.

The report noted that cautious optimism is prevailing across major industries as rigid global economic scenario, coupled with fluctuating rupee and policy related reservations at the national level have had an impact on the growth of India Inc.

A sector-wise analysis shows that sentiments were upbeat across the board during the January-June period of this year. IT/Telecom and construction reported the maximum growth in hiring activity, while manufacturing and retail sector reported stable hiring figures.

Hiring was impressive across key job hubs. Among top locations, Hyderabad was the most active location, while Delhi-NCR, Mumbai and Bangalore reported negative hiring sentiments during the period.

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