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India – Staffing experts believe the omens are good for 2013

02 January 2013

Industry experts are echoing optimistic prospects for the job market in 2013, according to the Press Trust of India.

Manpower India Managing Director A G Rao believes companies would not hesitate to pay a salary hike of 10%-15% to best performing employees; but at the same time companies will remain cost cautious due to the uncertainty of the economic context.

According to Sanjay Modi, Managing Director for Monster.com in India, "in the coming year, companies will continue to follow a cautious approach. The hiring will take place and we will observe more activity around critical hires. The focus will be on retaining; managing and developing key talent."

The hiring numbers for public sector banks are expected in the range of 50,000 to 70,000 people in 2013, while the private sector banking space could also see a fair amount of such activities if licenses are given to new players.

"Hiring in the private sector financial market had taken a beating over the last couple of years and this might prompt them to lose their conservative approach and create more opportunities," Indian Staffing Federation Vice-President Rituparna Chakraborty said.

According to ApnaCircle.com Founder and CEO Yogesh Bansal "there is a lot of scope in the traditional top hiring sectors like information technology (IT), retail, healthcare, education, banking, financial services, insurance and energy as well as talent based professions like: art, fashion and entertainment."

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