Indian job market projected to be vibrant in 2010

72% of employers see new jobs this year, a survey reveals

The ‘Hiring Outlook’ survey conducted by among over 800 recruiters, forecasts an optimistic and vibrant employment picture for the year. “As much as 72 per cent of recruiters predict creation of new jobs in 2010,” the latest survey revealed. However, only 45 per cent respondents had predicted new job creations in the previous survey conducted in July, 2009. The survey also stated that 62 per cent recruiters predict salary increments to take place in the year as well.

Positive sentiment

“Hiring expectations and business sentiment of recruiters across industry sectors have improved considerably and job seekers can look forward to a favourable hiring environment all through the year,” Info Edge(owner of National Head-Marketing and Communications Sumeet Singh said. Over 70 per cent recruiters in IT, ITeS, auto, telecom, banking and pharma predict that hiring would be robust in 2010, while 82 per cent recruiters said that professionals with one to eight years experience would be in demand.

The survey stated that hiring optimism was strongest in the IT and BPO sectors, where 80 per cent recruiters indicated new jobs would be created. Moreover, almost 70 per cent employers predict the range of increments would be between 5 to 20 per cent.  The survey found that recruiters in the construction and engineering sectors were also positive with 73 per cent data, saying new jobs would be created this year. In the sector, about 56 per cent respondents predict that jobs would be created in the four to eight years experience band and 68 per cent foresee increments in the year ahead.

In the telecom sector, 53 per cent of employers indicated that increments could dependent on market conditions, while 57 per cent favoured new job creations. Overall, a sectoral analysis clearly indicates an optimistic hiring trend across industries.

Meanwhile, leading staffing firm TeamLease said in a report, on Wednesday that corporate India was still cautious about its hiring intentions in the January-March period, despite slight improvement in the employment outlook index.

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