Job Market Opening Up For Talent Pool in India

The Dark cloud of Global Recession is slowly fading off, at least in Indian Scenario. India is fast gaining the distinction of becoming one of the world’s largest talent incubators. While multinational corporations have been regularly placing some of their best brains in their global system for a while, the search for talent among these global enterprises is now gathering pace.

Global enterprises have started scouting the country for quality talent to fill positions across geographies. Recruitment companies say Europe, Africa, Asia-Pacific, Middle East and the rest of the SAARC region are expected to import talent from India across profiles and domains, in significant numbers. According to industry estimates, close to 100 top-level executives (CXO positions) and 30,000 middle to junior level hiring's, are expected during the year and these numbers are expected to only go up in the coming years. Reports TOI.

While Africa is exploring Indian talent for the telecom and mining spaces, Singapore, Canada and the US are looking for talent for their banking and finance, IT and semiconductor industries. On the other hand, Dubai and Malaysia are expected to be looking for personnel for infrastructure and construction verticals, while UAE’s oil and gas sectors have been largely hiring Indian engineers and managers.

Strong IT-BPO recovery seen

Nasscom Says Exports Will Touch $50b; Expected To Add 150,000 Jobs Next Fiscal

Direct employment in the sector is estimated to grow by 4% and cross 2.3 million with over 90,000 jobs added in 2009-10. Nasscom president Som Mittal said about 150,000 jobs are expected to be created next year. That’s a 6.5% growth. “Jobs do not rise at the rate at which the sector revenues rise because segments like support staff do not have to increase to the same extent. We have based our job estimates on the basis of a number of factors, including what our members have told us,” Mittal said.