Driven by India?s economic turnaround post downturn, hiring has picked up pace during the April-June period, according to the Ma Foi Randstad Employment Trends Survey. The April-June quarter has created 3,47,463 jobs compared with 1,53,564 jobs during the January-March period, the survey said.
The economic revival has brought back positive sentiments, and the organised sector is back on a hiring spree, according to K Pandia Rajan, CEO, Ma Foi Randstad (India & Sri Lanka).
Stable growth, coupled with several positive policy measures by the government, has put the economy back on track and the industries have regained their confidence with higher output and profit levels, the study said. Sector-wise, the healthcare vertical has created the most number of new jobs for freshers (36.7%), followed by BFSI (34.1%) and manufacturing (29.4%). ?In addition to job generation and increase in salary levels, we also expect intra-sector movement of skilled workforce,? said Rajan.
The study highlighted that among the cities, Delhi and the NCR are leading the race for job creation for freshers with 34.6%, followed by Ahmedabad (32.1%) and Bangalore (29.7%). Nearly 75% of total jobs created are for the experienced professionals and freshers are expected to fill the rest.
Delhi and the NCR added 17,650 jobs in January-March and is likely to add 20,700 by June. Mumbai is expected to add 14,900 jobs during April-June and Chennai is set to add 6,300 by June. Kolkata (8,350 jobs), Bangalore (6,800 jobs), Hyderabad (6,200 jobs), Pune (5,400 jobs) and Ahmedabad (3,260 jobs) are following the toppers.
According to the report, it is expected that by June 2010, the BFSI sector will register an increase in employment of 20,200. Re-capitalisation of PSU banks and release of licences to non-banking financial companies (NBFCs) and private players have impacted positively. New entries and collaborations of large foreign players in insurance market have also acted as a strong positive factor to boost recruitment in the BFSI sector.