Signs of economic recovery improves hiring scene

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Signs of recovery boosts job market
New Delhi, Sep 30: Even though experts are cautious against declaring that the economy has returned to 'normalcy', with a 15 pc uptrend in the hiring activity in India Inc the job markets are showing positive signs.

"We see the movement happening across the sectors and it looks like worst is over. But the current scenario can not be considered as normal but it is better than bad," executive search firm GlobalHunt India professional leader Sunil Goel said, adding that it may take about a year to reach normalcy.

As opposed to the 0 to 5 pc hiring seen in the previous two Jan to Mar and Apr to Jun quarters, the present quarter has seen up to 15 pc of hiring activity.

Experts believe that the signs of economic revival has led the job market to grow optimistic and there would more growth in hiring during the coming quarters.

While sectors like telecom, infrastructure, life sciences and energy have witnessed 25 to 30 percent rise in hiring in the second quarter; IT, retail, banking, consulting, FMCG have seen 8 to 10 percent hiring in the Sep quarter (QoQ).

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