The New Year will open up a host of job opportunities for aspirants with sectors such as banking and, retail will hire in big numbers.
After a lull last year, IT and ITeS firms, which are traditionally big recruiters, too will raise the tempo, on account of recovery in the US.
But the biggest recruiters would be banks.
“The demand in banking is huge. There are both internal as well as external factors playing into this demand. Banking surely will remain the biggest hirer at least for the next 4-5 years,” said V Sivaramakrishnan, executive president (education services) at Manipal Global Education Services.
According to a report by government’s Khandel committee, about 80% of general managers, 65% of deputy general managers, 58% assistant general managers and 44% of chief managers would retire by 2015.
Experts said banks will hire around 70,000 officers this year. Other industries with hiring plans are hospitality, FMCG and healthcare. “Indians have started to take tourism seriously. Hoteliers, restaurant owners are now looking at expanding even in small cities,” says Aditya Narayan Mishra, director, marketing with Randstad India. The sector along with retail is expected to hire about 80,000-90,000 people.
The healthcare sector will witness hiring of 50,000, experts said. “People now are moving to preventive healthcare. Hence, there are hospitals and small medical units opening in many places,” said Mishra.
However, for industries like mining, construction and power, a lot will depend on government policies and how fast the economy recovers.
For non-engineering graduates, roles like coding, programming, testing and tech support will be there, says Vasu K Saksena, CEO of MeritTrac Services.