Executive level hiring in the country has exhibited an uptrend during the current quarter, especially in the infrastructure and retail sectors, and going forward, this trend will continue in the next quarter as well, say experts.
“The fragile economic scenario is not affecting on hiring of senior level in current quarter. Employers wish to generate more business and revenue in coming quarter and trying hard to come out from current stagnant situation.
“Now companies have started hiring more senior level professional and we are experiencing almost 15-20% increase from last two months hiring activities,” Duke Management Services Director Amin Sirodkar said.
Echoing a similar view, MyHiringClub.Com CEO Rajesh Kumar said, “We have seen senior professional’s hiring in the incremental mode in second quarter of current fiscal year. It shows a healthy hiring atmosphere for senior executive level in current fiscal year. All industries are experiencing changes in senior and top management level.”
Elaborating on the reasons for robust recruitment of executives, Kumar said, “This activity is happening with view on revenue and business growth in third and fourth quarter.”
In this regard, Kumar cited a MyHiringClub.Com study, conducted among a total of 450 employers and over 220 recruitment consultants, that said the senior executive level hiring outlook expected at 32% in Q2, FY’13 compared to 23% in the year-ago period.
Another HR consultant Manik Shah of TooStep Recruitment Services said,” Overall, hiring activity is not good. Every where people are waiting for improvement in market condition. This month recruitment market is witnessing some gain compared to last few months, especially for the professionals having more than 10 years of experience.”
“It’s a good sign for recruitment industry. After long time senior level professional are able to get more jobs. Indian companies don’t want to loose business in this financial year due to some uncertain economical conditions,” he added.
In terms of sectors, infrastructure and retail witnessed the maximum hiring at senior levels during the period under review.
“We have seen retail sector leading in top brass hiring followed by infrastructure, hospitality, FMCG and IT and ITeS sectors,” Kumar added.
City-wise, Delhi/NCR, Bangalore, Mumbai, Chennai, Kolkata and Hyderabad were the major locations where the maximum executive-level hiring was done.
Looking ahead, “We are expecting the same pace will be continuing or it would increase in this quarter,” Sirodkar added.