More jobs coming your way, are you ready?
Good news is back in the job market. Hiring activity across major industries like IT/Telecom and Manufacturing & Engineering industry is gaining momentum and stability. 2012 will witness a slight increase in hiring in IT/Telecom as well as in the BPO/ITeS and BFSI industry helping the demand index sustain its level, reported Economic Times.
The Demand index stabilized at 105 in January 2012, moving slightly from 105 in December 2011 and 104 in November 2011. There was a robust demand for senior professionals with over 20 years experience and 10 to 20 years experience. Even though the Demand index maintained its pace in major metros such as Delhi NCR and Mumbai, though the performance of Retail and Consumer Durable/FMCG industry was not very commendable. (Read full article)
In a Business Line report, the job market offered some good news for job seekers in Bangalore as the Naukri Job Index for the city increased by nine per cent in January 2012 as compared to that of the previous month. January witnessed a positive hiring activity across all key sectors like IT and ITeS which experienced an increase of three per cent and 19 per cent respectively as compared to last month.
The employment index of the city moved up 35 per cent in January 2012 on a year-on-year comparison with the same period last year. An overall 16 per cent boost was recorded in the national index. In the report, Mr. Hitesh Oberoi, Chief Executive Officer and Managing Director of Info Edge India, that owns the Naukri.com job site, shared his view on the improvement in the hiring scenario. He feels that firms will be more particular about recruiting the right talent and employees who can make meaningful contributions to the firm. (Read more...)
On the other hand, Food Corporation of India (FCI) is a major contributor in the job market this year. Economic Times reported that FCI will be hiring 6000 employees in the coming six months in addition to the 4000 employees the agency is hiring currently. The news was announced by Food Minister K V Thomas, at a global wheat conference. FCI needs need young people to handle foodgrains procurement and distribution, he said.
According to FCI Chairman Siraj Hussain, the current hiring process for Group C category is done through Staff Selection Commission (SSC). Hussain is also confident about the financial status of FCI with the government increasing the guarantee on FCI's cash credit limit by Rs 10,000 crore to Rs 40,000 crore. (Read more...)
Amidst all this, we heard the news of PepsiCo's cutting 8700 jobs across 30 countries. This is a part of company's initiative to save up to 1.5 billion by 2014 to compensate high commodity costs and rising expenditure on advertising and marketing. ZEEBIZ reported PepsiCo India was unavailable for comments. (Read more...)
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