slow economic growth at home, recession abroad have dampened the scenario.
Hiring by corporates will improve in 2013, but those expecting fireworks will stand disappointed. Or so recruitment firms would have us believe.
A survey of five major headhunters suggests hiring growth will be in the 8-10% range across industries. That’s an improvement from the current calendar, which was flattish, with a 5-10% growth in some segments. However, it isn’t quite encouraging, especially the first half of the year, said Shiv Agarwal, MD, ABC Consultant.
A report by TeamLease and the Indian Institute of Job Training also indicates muted hiring in the January-March period. The report, based on a survey conducted across eight metros and 640 companies, said most sectors will report stagnant growth in terms of hiring intent.
Sangeeta Lala, senior vice-president, TeamLease, said the slow economic growth at home and recession in international markets have dampened the employment scenario. This bodes particularly ill for freshers. “Hiring is unlikely to improve for first-time job seekers as there are hardly any offers. Whatever little hiring that is taking place is replacement hiring and not the aggressive kind done when companies are expanding,” said Yogesh Saigal, head, business development, Talisman Advisors. Headhunters are hoping the July-December leg will be better.
E Balaji, CEO of Randstad, believes hiring activity will come only in the second half of 2013. According to experts, sectors such as retail, e-commerce, healthcare and quick service restaurants will see job creation. Also, niche roles like accounting, book-keeping, analytics, design and R&D will be in demand. Sectors such as IT, telecom, manufacturing, investment banking, insurance, power and mining will see hiring slow or remain flat.
Kris Lakshmikanth, CEO of HeadHunters India, said IT could even see a de-growth in hiring. “For instance, Infosys had recruited 40,000 people last year, but this year, it plans to recruit only 5,000 people,” he said. Also, a fair bit of hiring would happen in Tier II and Tier III cities, such as Mysore, Mangalore, Rohtak, Coimbatore, Madurai and Belgaum, ostensibly to keep the pay packets smaller.
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