Recruitment use to speaks about growth of the company in terms of team size expansion due to more business. It is the best way to measure the company’s growth. In current trend, with economical policies and market fluctuation these are the growth in recruitment report measured by one of the biggest recruitment portal of india. It paints clear picture of where different industries moving in last year.
Now, lets analyse this graph to understand cross domain recruitment impact on the market. If we analyse this graph we find that Telecom industry shows grow with 4 %, as consumer base is increasing so they need more resource to manage it. Some of the companies also made consumer care service paid to decrease traffic and save on BPO cost. But still it is booming and it will boom due to craze of mobile devices in youth of India.
If we talk about banking sector, it is showing 16% of huge downfall. there are two key reason for it. First reason is many banks are providing online and ATM base facility for key services like DD generation, Cheque book request, Fund transfer, Monthly statement etc along with smart phone softwares powered by core banking system from reserve bank for real time data. That decrease human oriented management requiremets. Which play key role for up to 16% of decrease in recruitment.
Its bit surprising to view 4% down fall in to Information Technology industry. Key reason for it is many of big name start cost cutting by decreasing their staff and closing of many mid size companies due to financial fluctuation are responsible for it. Actual deficit in IT recruitment would be more then shown rate of 4 % however small and sami medium scale IT companies fill up these gap effectively. Many companies switch in to CMS base designing solution so they can produce more output in less time. Overall 4% negative is still showing ray of hope in up-coming year as Mobile applications and e-publishing division are growing part of IT and telecom is revolutionarily evergreen.
Construction is stable due to real estate and government investment for infrastructure development. Still boom in real-estate brought hike in steel, cement and other construction equipments in the year of 2011 – 12 in India.
BPO shows highest number of recruitment due to 2 major factor of this industry. High ratio of attrition and increasing demands with low cost solution. National Skill Registry and other more effective reference check tools are trying to control first factor however it is not yet successful in mid size and small size BPO. Only big size BPO are becoming part of it due to fees and other factor of NSR. Increasing demand is another factor as India produce 100 000 fresh graduate with good english communication skills every year. So many of foreign companies are still prefer to outsource to India for cost cutting with quality.
Insurance is evergreen market, as safety and investment are emotionally compiled with Indian consumer market. It also help in Tax saving so May and Nov are the key months when these sales go higher for these area. So one of the major strategy of Insurance industry is to recruit new blood and motivate them to fetch business from their personal contacts and other lead generation ways.
Pharma is showing 2 percentage of decrease in recruitment as doctor base approach model is very successful in the market now a days. once an executive do tie up with doctor then supply chain will take care of medications and commission. So very less attrition or new recruitment will take place. As many new companies and investors are jumping in to pharma domain now a days, its still shows 2 percentage of growth in the market.
So these are the key trend of growth with the magnify lances of resource consumption and recruitment.