2012 had been a year of continuous decline for many sectors in the hiring activity. Automotive industry – OEM and components, BFSI, Telecom witnessed a slower pace at the year end. At mid and senior levels a lot of activity occured in terms of backfilling, however, new roles needed to be filled for expansion seemed to be on a slow pace.
Most Indians are anxious with regards to the hiring scenario in 2013. According to Antal global snapshot, the hiring in the next three months will be active in most sectors and net job generation in 2013 will rise.
Sectors likely to hire in 2013
• IT – IT has been one of India’s most promising sectors for quite some time now. The sector will need to keep up the pace with 2012 hiring.
• Infrastructure – Recent policy movements within infrastructure and the government’s clear mandates to banks instructing them to move faster with funding infra projects are an indication that in 2013 there will be heightened hiring activity in this sector.
• Manufacturing – Mid to senior hiring within manufacturing across health care and lifesciences, FMCG seem to be on the uptake for the next 12 months.
• FMCG – Due to the government schemes in rural India, there is an improvement in purchasing power leading to a significant growth in this sector. The sector is growing at 15-16 per cent year-on-year and hence contributing to the improvement in the hiring outlook.
• Oil & Gas – Most companies within this sector are actively hiring and see 2013 as a busy year recruiting for niche talent in both upstream and downstream skills.
• Retail – India has emerged as the fifth most favourable destination for international retailers. The government’s recent decision on FDI is expected to add to the growth. With such policies, India’s retail sector is expected to grow to about USD 900 billion by 2014.
• Health care – The Indian health care industry is expected to reach USD 79 billion in 2012 and USD 280 billion by 2020, on the back of increasing demand for specialised and quality health care facilities. This is a clear indication that health care will stimulate economic growth and contribute to significant employment generation.
• Life Sciences – One of the fastest growing industries in India, it is expected to have a CAGR of around 25-30 per cent between FY2011 and FY2013. Seeing such rapid growth, its manpower requirement will only rise.
Companies are going through a mixed phase when it comes to growth and hence most of them are looking at hiring talent that will contribute to the overall growth. Despite the continuing uncertainty around the economic and political environment in India and the rest of the world, employer hiring intentions remain positive in most key sectors. There is a lot of optimism for 2013 by when the effects of the latest economic reforms should start kicking in. By the second quarter, there seem to be definitive indications on the overall hiring picking up.
