25 April, 2014 12:40 IST
News
Manpower growth in BFSI to be under 10% in 2013: Report
Source: IRIS (20-DEC-12)
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The hiring outlook in 2013 will reflect the performance of various sectors in India and it looks like it will be mixed bag for the industry.

Sectors like FMCG (10-15%), retail (20-25 %), healthcare (20-22%)  will continue to hire in increasing numbers, but banking, financial services, information technology enabled services and automobiles are likely to create fewer jobs with companies continuing towards conservative approach towards new hires, according to Teamlease Services.

``Hiring next year is estimated to continue unabated in FMCG, often referred to as slowdown proof sector. Sales and marketing profiles will be in demand in consumer durables too. About 25% of the recruitment will take place in first quarter of the year and the recruitment will be for retail, distribution sales. Foreign direct investment in retail is expected to lead to substantial job opportunities in the sector but on other hand lack for trained manpower and staff will prove to be a major challenge.``

Sectors like BFSI and auto will be affected by the economic slowdown. The manpower growth in BFSI is expected to be under 10% in 2013. In the auto sector, manpower growth is expected to be between 8%-10%.  Sectors like ITES will see a manpower growth between 10%-15% next year. All in all the industry is expected to move forward in a more positive note than it was last year at the same time.


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