According to experts at various global consulting firms, financial year 2010-11 comes with huge job opportunities across sectors and different hierarchical levels in companies
A windfall awaits those looking for lucrative employment avenues with just four sectors—IT, telecom, banking and healthcare—expected to generate over five lakh jobs by March next year, experts said.
According to experts at various global consulting firms, financial year 2010-11 comes with huge job opportunities across sectors and different hierarchical levels in companies.
“Banking, telecom and information technology (IT) are the top three sectors where hiring intensity and volumes are significant. The overall hiring for IT is expected to be 1,50,000 professionals for fiscal 2011," Kelly Services' managing director Kamal Karanth told PTI.
Both global consultancy Ernst & Young and workforce solutions provider Kelly Services, expect the telecom sector to generate over one lakh jobs this fiscal.
Kelly Services expects healthcare and banking sectors to provide around 2.5 lakh and 40,000 jobs, respectively, in FY11.
“Some other sectors that are likely to lead hiring in 2010 include pharmaceuticals, FMCG and education, as these sectors are facing a talent crunch at present," E&Y partner and national head (People & Organisation) NS Rajan said.
The experts believe that hiring would be also stay robust across sectors such as real estate, retail trade sector and manufacturing among others.
“Overall hiring is likely to remain bullish with positive business outlook for most companies. In the manufacturing sector—including the auto and auto ancillary sectors—around 25 lakh jobs are likely to be created," staffing firm TeamLease VP Rajesh AR said.
Another HR services provider head, Kenexa’s director (India RPO) Ray Pereira said, "We see a lot of hiring happening in sectors like healthcare, hospitality & travel and real estate. Considerable hiring is also seen in manufacturing, education and consultancy services.”
According to Kelly Services, job seekers in the services, public administration, education, mining & construction, finance, insurance, real estate and the wholesale & retail trade sector could look forward to the most favourable hiring environment in the current fiscal.