The drop in hiring that accompanied economic slowdown has eased with its withdrawal. Indian and global companies are eagerly talent searching in India as a part of their post-recession plans.
Last decade saw India emerge as the hunting ground for talent among multinational corporations. The last two recessive years witnessed the rate of hiring come down due to the general downsizing trend. With the world slowly but surely emerging out of economic downturn, hiring spree is back.
The rise in outsourcing exports is prompting top Indian outsourcing companies like Infosys Technologies, Tata Consultancy Services and Wipro to restart their headhunting in bulk. Wipro took in almost 5,000 staff during the last quarter. This is a complete turnaround from the previous quarter, when it had downsized by above 600.
There is good news for students seeking campus recruitments. TCS is proposing to recruit 11,000 professionals in the present quarter, mostly freshmen as trainees. Last quarter, TCS added more than 7000 to its fold. Infosys is also not far behind with plans to hire 6,000 professionals.
Multinational companies are looking towards India to fill positions across continents and profiles. Recruitment firms are expecting demand for about 100 top-level positions and a substantial number of lower level placements for Europe, Africa, Middle East and Asia-Pacific regions.
Africa is fast emerging as a good employment opportunity for telecom and mining professionals. Malaysia and Dubai remain as the coveted destination for those in construction industry. Indian engineers and managers are absorbed in large numbers by UAE’s oil and gas sectors. The US, Singapore and Canada retain their favorite tag with IT, semiconductor, banking and finance professionals.
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