Live
- Court reserves order on Kannada star Darshan’s bail plea in fan’s murder case to Oct 14
- Cancel panchayat elections in Punjab: Sukhbir Badal
- Vistara Flight from Hyderabad to Delhi Makes Emergency Landing Due to Technical Issue
- IIT Madras’ new quantitative research lab to boost AI research in financial markets
- ED raids Vatika Limited in Delhi and Gurugram in money laundering case
- International equestrian returns to India after 14 years with AEF Cup Youth in Bengaluru
- U&i Unveils Feature-Rich Neckband, TWS, Powerbank, and Speaker: Idle Gifting Options for the Festive Season
- Studies at the Local Level Essential for the Preservation of the Western Ghats --Dr. Ullas Karanth
- US presidential election: Trump and Harris aiming to leverage PM Modi's great connect with diaspora, believes former FS
- Hyderabad Police Bust Major Investment Fraud; 17500 Victims Duped of Rs. 229 Crores
Good news for job aspirants as companies will increasing hiring
Highlights
The job market is gaining traction around the world, including India, as 88 per cent employers in the country are planning to up their headcount, a survey by recruitment firm Antal International says.
The job market is gaining traction around the world, including India, as 88 per cent employers in the country are planning to up their headcount, a survey by recruitment firm Antal International says.
According to the latest Antal Global Snapshot on hiring and firing trends covering more than 9,500 organisations in 30 key countries, job prospects for professionals and managers are continuing to improve. In India, 63 per cent of companies are currently hiring, up 10 per cent over last year, indicating that an improving Indian economy is fueling demand for qualified managers and professionals.
Higher recruitment levels came as a big positive, with 88 per cent of organisations looking to increase their headcount. At the same time, 29 per cent asked staff to go, the survey which covered 2,292 companies in India, said.
“The 18th Antal Global Snapshot, which discovers hiring trends across global markets, shows that in India, consumer-focussed industries led by e-commerce companies are leading the hiring drive and will continue to do so in the next quarter, too,” Antal International India MD Joseph Devasia said.
Other sectors that have reported strong growth and whose hiring outlook remains high include education, pharma, ITeS and consumer electronics.
“While the third quarter may have seemed to slow a bit, more than 60 per cent of companies across all sectors are hiring, indicating a clear strategy focussed on growth,” Mr Devasia said, adding that telecom, real estate and infrastructure seem to be shedding most staff.
Touching on verticals, the survey said experienced professionals in several key disciplines such as accounting and finance, human resource, operation and sales and marketing are markedly in short supply in India, adding that construction and banking professionals can expect high levels of competition in coming months. The current hiring globally is up at 70 per cent, from 68 per cent in January 2015, it said.
Next Story
ADVERTISEMENT
