Education & skill keep job crunch at bay

By Priya Chatterjee

It is said that success will follow those who believe in the epitome of education. This is the age of qualified scholars. Higher the qualification, higher the salary package offered. With rising number of education institutes larger number students are pursuing higher studies. Education not only makes it easier for the candidates to climb higher in terms of professional means but also promises handsome monetary augmentation.

It was predicted that this year people will face job crunch but the survey conducted by Naukri.com has put an end to all the speculations. Instead, it has reported a vibrant beginning to the year 2012, with a 16% more hiring as compared to Jan'11. The survey suggests that Top sectors in terms of hiring are IT-Software, ITES and Construction Engineering while IT-Software, Sales and BD, ITES and BPO are among the top functional areas. The sectors which saw a considerable hike in employment opportunities as compared to Dec'11 are ITES, Oil & Gas and Telecom sector with an impressive 19%, 18% and 16% increase respectively. It was also reported that maximum opportunities are available for the candidates in Pune closely followed by Delhi-NCR and Bangalore. The work ex based scenario is quite pleasant, with 37%of the job market being captured by those with 4-7 years experience and 0-3 years experience came in second place with an overall 33% stake.

Year 2012 will spread across a wide smile to all those in the corporate sector as there is a chance of 12% salary hike with an additional employment opportunity of 72% recruiters. The survey also revealed that most organizations have planned to give increment to their employees. 32% of the employers said that there will be an increase from 10%-15% while 31% expressed an increment within a range of 15-20%. Amongst them 15% employers suggested an increase of less than 5%. The main point of concern is the widening gap between demand and supply for talented workers. 61% of recruiters who took the survey said that they face a talent crunch while hiring. Amongst them, 44% said that the maximum talent crunch was witnessed in the 4-8years experience bracket.

Ambarish Raghuvanshi, Chief Financial Officer, Info Edge India said, "Hiring intentions are determined firstly by the outlook for economic growth over the next six months and beyond and secondly by business confidence levels. Macro concerns across the board have led to a more muted outlook resulting in weaker hiring trends. Continued improvement in business optimism should lead to more momentum in hiring. A marginal drop in the indices over the last six months indicates that recruiters have factored in most of the bad news. Talented employees continue to be at a premium and finding and retaining them is a challenge for recruiters."

In short, if you're qualified and have the talent to watch out for, then no hurdle is large enough to put an end to your dream. Recruiter with the perfect salary package will spot and provide with the momentum required for a uniform acceleration in your career graph.

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