11 July, 2014 13:30 IST
News
Manpower growth in BFSI to be under 10% in 2013: Report
Source: IRIS (20-DEC-12)
Comments  |  Post Comment

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.


News
Infosys Q1 beats forecast; recommends 'Buy': Angel Broking - 11-Jul-2014 11:35
Infosys Q1 beats estimate; profit climbs 21.6% - 11-Jul-2014 09:34
No custom duty on LCD, LED is good for industry: Tarun Katial, Reliance Broadcast Network - 10-Jul-2014 20:16
Budget offers no incentives for pharma industry: Ramesh Swaminathan, Lupin - 10-Jul-2014 20:09
Increase in rate of royalties for minerals disappointing: TV Narendran, Tata Steel - 10-Jul-2014 20:02
FM fails to notice NBFC sector in this Budget: Hemant Kanoria, Srei Infra Fin - 10-Jul-2014 19:52
Outlook promising for EPC companies as Budget focuses on infra: JP Chalasani, Punj Lloyd - 10-Jul-2014 19:46
Priority to renewable energy, allocation for solar power projects welcome steps: Tata Power - 10-Jul-2014 19:39
IL&FS Engg gets LoA for EPC pipeline contract worth Rs 2.13 bn - 10-Jul-2014 18:05
Evisas will lead to an increase in foreign exchange earnings: Cox & Kings - 10-Jul-2014 17:52
Flow of bank credit will increase for industry sectors: SBI chairman on Budget - 10-Jul-2014 17:00
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   xhzzfd into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer