India Inc.’s hiring mantra for 2012: Caution Ahead. | SupportBiz

Human Resources

India Inc.’s hiring mantra for 2012: Caution Ahead.

 
Recruiters would be very selective while hiring mid- and senior-level employees.

Most firms are not on an aggressive recrutiment drive. Instead, they are looking at promoting their own employees. Companies are asking themselves, “How should we get the job done with the minimum resource pool?” Sangeeta Lala, senior vice president of sourcing at recruitment firm TeamLease Services was quoted as saying in a Wall Street Journal report.

The hiring mood for 2012 varies from sector to sector, with some industries more upbeat than others, reports the Wall Street Journal. Here’s a look at the hiring plans of some key sectors:

Information Technology and IT-enabled Services:  This year hiring in the information technology and outsourcing industries could stay the same as last year, or could be better. New jobs could be created in companies focused on the government's e-governance initiatives. Companies could hire temporary staff as opposed to hiring a large number of people. Opportunities could open up in Internet start-ups, mobile application development firms, and in the cloud computing (Internet-based computing) businesses.

Financial Services and Banking: Last year was a tough year for brokerage houses, money management firms and for the insurance businesses. Hiring is at a standstill, and layoffs could follow if and when the global markets get worse. But public sector banks in India could be an exception here, given that they're looking to enter new geographies.

Healthcare: New hospitals and diagnostic centers are expected to open up in 2012 and they will need hospital staff, including nurses, laboratory technicians and hospital administrators. Experts say hospital expansions are more likely to happen in tier II cities. Medical tourism to India will grow and this itself will be a growth driver.

Consumer goods: Consumer goods manufactureres and consumer electronics makers were not badly urt by the recent downturn. The first six months of 2012 will prove to be good for these firms. If the sales growth falls, the trend could reverse, the WSJ article says.

Real estate and construction: A Manpower survey states that realty firms are expected to hire more people in the first few months of 2012 compared to the same period in 2011. Any increase in   government-funded infrastructure projects will benefit realty firms. Sales and marketing personnel, as well as engineers and project manager will find jobs.

Hospitality and tourism: Domestic tourism is growing in India. With more people travelling within the country, hotels will need managers for various departments. Many jobs will open up in the smaller cities and pilgrimage towns.

Education: More educational institutions - be it schools or universities - are being setup and teaching and administrative roles will open up this year across the country, says the article.