Job Trends Across Top Cities in India
The August 2013 hiring trends across top cities fail to impress. Every single metropolitan which was a part of the survey has reflected a dip in recruitment as compared to the July 2013 figures. While Kolkata disappoints the most, going down by almost 20% in August, 13 over July, 13, other major job markets like Delhi/NCR, Chennai, Hyderabad and Mumbai also do not present a very optimistic picture. Delhi/NCR continues its bleak run, posting negative growth in hiring (10%) for third consecutive month. Chennai and Mumbai fared only comparatively better, registering a 7% and 4% decline in hiring, respectively. The dip in hiring is due to the cautious approach of companies in the wake of falling rupee’s value against the dollar and an extended economic slumber. Most of the recruitment is happening for middle to senior level positions as organizations are keen to refresh their senior level talent pool and gain competitive advantage over their competitors. It is the entry level hiring which has bore the brunt of the reduced recruitment activity giving a tough time to candidates who have freshly passed out of college.
However, when compared with past year hiring levels, Delhi/NCR and Bangalore seem to have performed well, with both registering a positive growth. While Delhi/NCR posted a 10% YoY increase in hiring, Bangalore’s hiring levels managed to grow at 11% YoY. The financial powerhouse of the country, Mumbai exhibited an insignificant increase of 2% year on year, while Hyderabad’s job market has managed to remain stable, with little change in activity levels. Sectors such as FMCG, Education, IT, Retail, and Manufacturing are going to lead the hiring process. The IT sector continues to remain the stronghold of Indian economy and promises even better growth for the future. Hiring in construction industry is riding high on the account of the government’s grand infrastructure and development plans for 2013. Healthcare is another sector which is witnessing a major surge in hiring and will continue to be a major employment-generator in the future owing to a great demand for specialized and quality healthcare facilities.
Hope this infographic will help you to understand the hiring job trends in India. You will see the difference between August and July 2013.