Jobs Flooding in India

The industry behemoths are back to business with massive hiring beginning in full swing this year. With the economic revival comes a great year for MBAs as the times of hiring freeze gets over. Even though, the recruitment season at top B-schools commenced with cautious optimism, it surely has ended with a strong economic rebound.

All the major national and multinational companies seem to have launched a recruitment drive. From technology giants, Infosys Technologies and Cognizant to finance companies, ICICI Bank, Citigroup and YES Bank; from BPO majors, Genpact, Wipro to national companies like Tatas, Hindustan Unilever, Procter & Gamble, ITC, Britannia, and Johnson & Johnson to international consulting biggies like McKinsey, Accenture, Deloitte and Boston Consulting Group (BCG)-all are hiring.

After looking at the data received from 13 top management institutes, it is clear that not only numbers but quality jobs are back. Recruiters emphasize on the fact that hiring blitz is an actual part of their overall growth plan rather than a bold proclamation of survival. Though experienced MBAs were preferred, even first-timers were able to land with many opportunities. The rise in salary packages could be noticed too with a hike of 25% on average for the Class of 2010.

As preferences and demands of recruiters have changed over years, a shift in student’s attitudes could also be seen this time. They could now look beyond pay packets and foreign posting is not an obsession for young professionals anymore. They have matured into prudent individuals taking sensible decisions based on quality of the job and culture of the company.

War talent in India is definitely gaining momentum propelled by resurgence of hiring optimism. The frozen job market until last year has been phenomenal this year with almost bullish hiring by companies across various sectors.

India, an Outsourcing Hub Forever!

India has been an outsourcing hub for all gargantuan brands all over the world who come to India for cheaper yet highly skilled workforce. The trend has taken a higher toll ever since recession struck the global economy with numerous companies nearly shutting down their headquarters and outsourcing jobs in India.

The latest in the league is outsourcing mortgage underwriting and other administration jobs in India. After Kent Reliance, Ipswich Building Society is contemplating transfer of its back office operations to reduce radically administration costs. Many mutuals have started sharing back office tasks and outsourcing their administration to India in a bid to lower overheads.

Building societies are eager to drive down the costs as the sector struggles under the pressure of greater regulation and a shortage of liquidity. Newcastle Building Society runs IT systems used by other mutuals while Skipton Building Society owns a company that carries out auditing and administration jobs for its rivals. The consideration to move administration jobs to India clearly emphasizes and reinforces the possession of talented pool of professionals by the country.

This news brings with it a positive sentiment in the Indian job market, promising generation of thousands of administration jobs. So, admin professionals looking for better employment opportunities with a multi national have a new door open to them. Job market in India is now flooding with both government and private jobs in national and multi national companies. The attrition rates across the country are also expected to grow higher with various companies coming up with mega deals to provide benefits to the employees.

India is the favorite outsourcing and off-shoring hub that helps in not only generating jobs but overall development of the nation. But presently, the great news is that job market is reviving and preparing to offer better packages.

Indian companies having big hiring plans for 2010- 2011

Recession is gone, that is sure, and to prove the fact, the majors of the Indian market, from almost all the industries are planning to hire a large number of employees in the year 2010. If this comes, true, it would turn out to be great news for all the students passing out this year and candidates who have been in search for jobs from long. Acquiring a job is the dream and need of every man these days, and moreover jobs in the most renowned companies of the country are surely a golden opportunity for the candidates. Don’t worry, I am not trying to make a fool out of you, whatever I am writing is according to a research report by E&Y & Kelly Services, the global consulting firms.

According to the reports, a total of around 5, 00, 000 jobs opportunities are expected to knock the doors of candidates in India from the fields of IT, Telecom. Healthcare and banking in the year 2010-2011, with the bifurcation as mentioned below:

 Health Care- 2.5 Lakh Jobs

 IT & ITES – 1.5 Lakh Jobs

 Telecom – 1.0 Lakh Jobs

 Banking Sector -0.4 Lakh Jobs

Also, according to a study done by the Associated Chambers of Commerce and Industry of India, the jobs in the manufacturing industry is going to add 28 million job opportunities for the aspirants in the field of IT and technology.

All these facts, surely leads to a hope in me that the future job market in India is expected to grow and to a large scale, with the consumption of all the skilled but unemployed labour of the country. Also, the growth rate of the Indian economy as a whole will also increase, leading to more developments and advancements in the country. So all the ambitious job seekers, keep yourselves and your resume updated, because very soon you are going to get a job worth your talent.