Experts suggest that the current staff in various sectors can expect a hike of up to double digits. Perhaps even at a maximum rate of 10-12% in this year. Although there is a gloomy picture of the current global macro-economic condition and there is also an alarming concern regarding the economic slowdown in India, but on the upside most HR consultancies suggest that the current recruitment scenario of India in 2015 is going to be very promising.
This much needed boost to the employment area would mainly be provided by sectors like healthcare, IT, education etc. Also the RBI plans on issuing new banking licenses to several organizations thus, encouraging new opportunities in banking and finance for all young professionals.
Current job scenario in Pune:
Job experts suggest that there is an upsurge in the job market of Pune. According to the August Naukri Job Speak Index the hiring trends in Pune suggest a growth of 20% increase as compared to last year.
As compared to other major cities of India the Delhi NCR i.e. National Capital Region remains to be at the 1st position when it comes to generation of new job opportunities. It still holds the maximum share of employment opportunities at 27%.
For the past few years the city has been a front runner when it comes to job opportunities and employment rates. The recent survey on “job Trends across cities and sectors” which is conducted on a national basis and done in the first quarter of the ongoing financial year 2013-14, reported similar data.
It has been found that the most garnered jobs are in the fields of hardware, IT and ITES. But the other sectors like automobile, manufacturing, retail, real estate etc. remained to be in the slump. This has been regarded largely to a general optimism about the economy.
In an another good news , the national secretary general of ASSOCHAM reported that the second highest share of new job profiles generation was in the sector of academics which accounted for about 14% of employment opportunities in the current year. This is followed by a 6% share of the Banking, insurance and finance services (BFSI) sector as employment opportunities generator.
There have been many talks about the mass firings in various big IT firms in India recently. But economic and employment experts also claim that this year the IT sector might see better times and seem to be promising. Such contradictory opinions have let many aspiring Indians who want to pursue a career in IT have been left confused about what to expect.
Things on the brighter side
Pune has recently seen layoffs and a slack in recruitment which has further supported the impression that the current IT sector is in a sprawling condition and will witness further downfall in fortunes. But the views of industry experts are quite the contrary; they suggest that those who are prepared to diversify their skill set and maintain their competitive edge definitely have promising opportunities waiting for them.
On the bright side officials of the Software Exporters’ Association of Pune (SEAP), the software industry giant Nasscom, current IT students as well as HR experts all claim that the current year will definitely look up in terms of various jobs in Pune. It is a well-established fact that Pune has emerged as the second biggest exporter and IT hub in India after Bangalore. Many international delegations and conferences are also taking place which is showing that a lot of global investors are interested in investing in India. Therefore keeping all this recent developments in mind it is safe to conclude that the jobs market in Pune especially the IT sector may have seen a slight downfall but the overall outlook remains to be quite optimistic and is set for significant growth in 2014-15.