New Delhi: Corporate India's hiring activity is likely to increase around 30% this year, with banking, information technology (IT) and fast moving consumer goods (FMCG) sectors leading the industry, reports PTI.
"Overall, across the main seven to eight key verticals studied by us, an average 30% rise in hiring activity is likely this year as compared to the last year. Expansion plans of firms, revival in attrition rates and taking on board recruitment managers indicate a strong recruitment phase in the next six months," Kelly Services managing director Kamal Karanth told PTI.
Kelly Services today released a study on employment conditions and salaries across key sectors, which aims to guide organisations in their workforce planning.
The Employment Outlook and Salary Guide 2010-11 revealed there is an increased demand for talent at mid-senior levels and even fresher levels, particularly in banking, IT and FMCG sectors.
"Fresh recruitments in banking and IT industry are likely to increase by 40%-50% this year compared to the last year, while FMCG may see a 20%-30% growth in hiring."
The main factors propelling the upbeat hiring sentiment include strong domestic demand coupled with country's fast economic growth as well as revival in the US economy.
Other key sectors expected to see strong hiring growth include telecom, engineering and real estate, the study said.
The study highlighted that in the banking sector there was a constant demand for banking and finance professionals and high quality customer-oriented services.
The current "hot job" in the banking sector is that of relationship managers to provide advice and financial planning.
In the Business Outsourcing Services (BPO) sector, process managers are expected to be in high demand as the focus is on process improvement and cost efficiency.
"Sales and marketing executives are likely to be in hot demand with companies across sectors want to market themselves aggressively to expand their businesses," Mr Karanth added.
The study also stated that attrition rates across various sectors are on the rise with the revival in the job market.
The banking and IT sectors are likely to see attrition levels of 15%-16% this year, while FMCG and telecom may see 10% turnover rates on their large bases.