With the economic slowdown bottoming out and firms across sectors showing positive signs of recovery, hiring is expected to be on upswing this year. BFSI, pharma & health care, IT & ITES and agro-based industries are some of the sectors to watch out for in terms of hiring.
"Currently we also see great demand for niche' profiles such as personal financial advisors, social media specialists, data scientists and analytics professionals, innovation and design engineers, patent technologists and loan officers" says Uppaluri.
Randstand's research also indicates an increased pace of hiring among emerging sectors such as e-commerce, analytics and mobility. There is also a demand for professionals across levels with skills in emerging technologies such as big data, cloud computing etc.
With growth picking up in hospitality, legal, education and other development sectors, we can expect moderate hiring in these industries.
According to a recent survey conducted by Mercer across ten industries (asset management, auto and auto components, chemical, consumer goods, engineering design, manufacturing & engineering, oil & gas, pharmaceutical and medical equipment and shared services) 78% of the organizations in the IT and ITes sector indicate their intent to increase manpower numbers in 2014. 76% of pharmaceutical firms and 66% of the automobile companies surveyed echoed similar hiring sentiment, followed by chemical and consumer at 57%.
"With prospects of good growth in the IT industry, entry level hiring of engineers in large numbers is expected. The medium and small sized IT players are on a hiring spree, to grow their talent base," says Shanthi Naresh, India Business Leader, Information Solutions, Mercer India.
Sustaining an adequate pipeline of critical talent continues to be seen as a concern across sectors. "As companies continue to deal with the double edged sword of attracting and retaining talent, jobs in the sales & marketing function emerge as the 'hot jobs'. Entry level sales jobs and mid-manager level marketing jobs remained the most sought after in pharmaceutical as well as consumer sector. Experienced professionals in the engineering and R&D Functions also continue to be in the hot job list," says Shanthi Naresh, India Business Leader, Information Solutions, Mercer India.
Sectors that are expected to recruit in large numbers and the profiles they will be looking at.
Industry Job Profiles/Function
Big Data experts (Hadoop, Data Analytics), Business Intelligence designers (DWBI Designers)
Program Coordinators, Admissions representatives, teachers / Faculty, Assistant professors, Student Service Advisors, Specialized Directors, Computer System Analysts.
Operations and Maintenance- Desk operations, Field operations, shift incharge, Unit control engineers, Safety Engineers, HVAC supervisor, Utility Engineers. Pipeline engineers - piping engineers, piping stress engines, Lead Engineer. Site Incharge Sales Managers, Contracts Managers
Regulatory Affairs, Research & Development, Sales & Marketing
Product Marketing, Diagnostics, R&D
Manufacturing, Supply Chain, Packaging, Procurement and Operations, Alternate Trade Channel Sales
Manufacturing, Supply Chain, Packaging, Procurement and Operations, Sales & Marketing
Sales, Application Engineering, R & D and Procurement / Sourcing
Relationship Managers, Branch Manager, Investment Bankers
NBFC (Lending Business)
Wealth Managers and Lending Relationship Managers