Hiring set to pick up; IT, education to see job rush

DESPITE uncertain economic conditions, hiring seems to remain stable in 2012. Industry players say sectors, including IT, education and healthcare, are expected to be the major recruiters next year. The organized sector was expected to see a slowdown in hiring during the present quarter due to reasons such as higher cost of fund raising and uncertain conditions like labor unrest in the manufacturing sector. The segment is expected to end the year with a shortfall of about 220,000 jobs, against the projected 1,600,000. E Balaji, managing director and chief executive officer of recruitment firm Ma Foi Randstad, says, “Though we see a sluggish mood in hiring toward the end of 2011, this could only be a temporary problem as long term growth story of India is still intact. Many sectors still enjoy favorable excess demand and it is important that they overcome the immediate challenges, protect the growth potential and generate jobs.“

Read More: http://www.mydigitalfc.com/opportunities/hiring-2012-stay-stable-beating-hard-times-076

Source: Financial Chronicle

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