Hiring to Pick up Pace in 2012

December 9, 2011 I Kolkata I Writankar Mukherjee I Sreeradha D Basu I The Economic Times

The job market is set to bounce back in 2012 as companies maintain their growth and expansion plans for the year despite the global slowdown. The January-March quarter is likely to see the creation of over 3 lakh jobs in traditionally top-hiring sectors like information technology (IT), business process outsourcing (BPO), healthcare, education, banking, financial services and insurance (BFSI) and energy, according to industry estimates. Job generation in this quarter is similar to January to March 2011 levels, when close to 3.99 lakh jobs were created in the organised sector. Sectors that are likely to show caution are auto, construction, engineering, FMCG and telecom. The IT and BPO sectors alone will create as many as 2.5 lakh jobs next year, most of which will be created by March 2012, according to IT industry association Nasscom.

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Source: Times Of India

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