Multinational companies are set to hire big time in the country. The healthcare sector is estimated to hire 2.95 lakh followed by hospitality industry (1.37 lakh) and real estate and construction major (1.36 lakh), according to HR consultant Ma Foi Randstad.
On skill deficiency, which is considered the major hurdle while hiring, Ma Foi and Randstad director & president E Balaji said that it is no more an important factor. MNCs know the skill status in the country and are tailoring jobs accordingly, he said.
On addressing the skill challenges, he said, ?IT industry has already learnt to address the challenges and now other sectors are following suit. To fine tune the available talent, companies are giving sound orientation and pre-induction trainings. They are forging collaborations with e-learning firms that deliver training via V-SAT, tele-learning and virtual classrooms.? This is seen especially in labour deficit sectors like healthcare, manufacturing and telecommunication, he said.
On hiring in IT sector, Balaji said, of the 95,000 jobs, major chunk will absorbed by large firms and their captives. As far as hiring pattern in the IT industry is concerned, the core functionality are retained in the metros and commoditised jobs are moved to tier-I and tier-II cities. However, auto sector do not witness such a pattern. He also said that growth in jobs is restricted to a few cities.
Naukri.com vice-president marketing Sumeet Singh said MNC offshoring jobs as well as filling existing vacancies. While IT/ITeS, auto, banking and insurance are going trough, oil & gas and pharma have increased hiring appetite.
Due to rising incremental cost of manpower and infrastructure, companies are switching to low-cost destination. ?Manila is emerging as an alternate hub,? he said.
However, Tata Consulting Services CFO Mahalingam believes that MNC jobs are here to stay with 70% IT deliveries being offshore. ?The US is still an open market where MNCs have a mature model of business delivery. We need to enhance the global competitiveness of our engineering graduates to grab jobs that arise out of outsourcing from that market,? he said.
The electronic industry is also poised to witness a boom. Intel India MD Siva Kumar said the electronic sector will add 1.6 crore jobs in the next decade. Talent management company Development Dimensional International (DDI) finds that Indian HR landscape is a good breeding groung for top leadership roles.
In India, Among the top management aspirants, 4 out of 10 opt for high-potential leadership training programme. Although 45% of the MNC companies have the right analytics and meterics to identify their Indian heads, only 26% of them had a process to develop them.
Commenting on hiring a good local leader for a global organisation, Richard Wellins, senior vice-president, DDI, said: ?Good leadership will be important in future, to control costs, cope with increasing change and tackle any upcoming challenges.?