With thousands of national and multinational companies using India as a facilitator for expansion into the global economy, the country has acquired an image of a new global player on the world stage. These companies enjoy business presence spanning diverse clusters; from IT, Healthcare, Automobiles, Telecommunications, Hospitality, Construction to Education, Logistics, and Manufacturing etc, and are known to create a massive number of jobs. Amidst such a scenario, you as a potential job seeker if considering a career in India can make hay while the sun shines!
One can further strengthen positive beliefs in the country’s marketplace by taking a look at the list of major foreign enterprises having substantial presence in India. It includes the renowned names like:
“Vodafone, Pepsi, Coca Cola, IBM, Accenture, Skoda Motors, ABN Ambro Bank, Samsung, LG, Ford Motors, British Petroleum, British Telecom, Deloitte, Oracle, Adobe, General Electricals, Lufthansa, British Airways, Emaar MGF, Schneider, Hyundai, Reebok, Emirates, Procter and Gamble, Google, GlaxoSmithKline, Ernst &Young, Facebook and many more.”
These companies are leveraging India’s strong talent base and vibrant marketplace to spearhead their businesses.
Current and Emerging Job Trends
Companies in India, both nationals and Global MNCs, are looking forward to hire more talent to meet their growing demands. They are offering a ton of great benefits and perks to ensure that the lives of their employees are as satisfying as their work.
According to the data showcased by Associated Chambers of Commerce and Industry of India, (ASSOCHAM), a serious shortage of talent is forecasted in Indian Marketplace. Service industries account for almost two-thirds of India’s gross domestic product (GDP), with verticals including Biotechnology, IT and academia witnessing strong levels of growth. The organization also predicts India to generate 10-15 million job positions by 2011, with skilled manpower required in the fields like IT, Engineering, Hospitality and Insurance industries, among others.
Key Areas for Hiring in 2011
As per the recent data forecasted by Manpower Survey India, a robust and an attractive hiring activity is done in the Services Sector and Manufacturing, with Net Employment Outlooks of +51% and +45%, respectively. In addition, Transportation & Utilities sector and the Public Administration & Education sector will create dynamic job opportunities with Outlooks of +37% and +36%, respectively.
Following are the key industrial sectors to witness a high proliferation of hot jobs.
1. Computer Systems and Software Development and Related Services
Most sought after jobs in this field: Software Developer, Mobile Applications Developer, Software Architect; Network and computer systems administrators; Accountants and Auditors, Technical Support Specialists, and Business and Research analysts.
2. Management and Consulting services
Most sought after jobs in this field: Marketing Research Executives, Business Communications Managers; Industrial Engineers; Financial Analysts; Customer Care Executives; Project Managers and PR Specialists.
3. Sustainability and Social Service Sector
Most sought after jobs in this field: Child Welfare Officer, Social Workers, Accountants, Program Directors, Medical and Public Health Social Workers; Special Education Teachers, Occupational Therapists; and Social and Human Service Assistants, Research and Documentation Officer, Administrative Officer.
4. Research and Development Services
Most sought after jobs in this field: Research Analyst, Biomedical Engineers; Biochemists And Biophysicists; Medical Scientists, Agriculture Scientist, Lab Assistant, Research Associate, Research Executive, Scientific Assistant, V.P – Research & Development, Environment Scientists, Research Associate, Scientific Officer, Research and Development Executives, Scientists and Senior Researchers.
Most sought after jobs in this field: Doctors, Nurses, Physician Assistants; Physical Therapist Aides; Speech-Language Pathologists, Physical Therapists and Physical Therapist Assistants.
However, the pool of the most promising job opportunities does not only have these 5 fields. There are other fast-growing industrial verticals where prospective job seekers can look forward to.
With the talent war going among the companies, salaries in India have increased dramatically over time. From an increase of 6.3% in 2008 to moving to an average increase of 13.3% in 2009, salary budgets in India are still improving at both middle and senior executive roles. They are likely to rise by 20% in 2011 alone.
India with a GDP of 9 to 10% has proved itself to be the Mecca for any company to kick-start their operations. Moreover, an annual growth of 8 to 9% is a good number in itself to regard India ahead of other countries as a destination for global investments. The overall progress of India remains upbeat.
During the economic downturn in 2008, India showed the maximum resilience. Coming years will see India leveraging its capabilities as a prime location for innovation and talent. The country is optimistic about its future growth, and predicts 4-6 percent expansion in 2011.
Given the strong growth that India is enjoying, prospective job seekers can look forward to further deepening the economic relationship. Furthermore, the new waves of mergers and acquisitions are making India one of the leading business places.