December 24, 2010 Category : Campuses – College / Universities
The placement cells in colleges such as the National Institute of Technology (NIT) in Kurukshetra or Vellore Institute of Technology University are on cloud nine these days. NIT had 115 companies on campus for placement (against an average of 70 till last year) and Vellore Institute saw Cognizant pick up over 1,600 students this year.
No wonder, then, that all HR studies on the jobs outlook are talking about a brisk to dynamic growth in employment opportunities in the New Year. The Manpower Employment Outlook Survey says the net employment outlook is 42 per cent, 5 per cent more than the same period last year, making Indian employers the most optimistic as far as hiring intentions are concerned globally.
Another study by Ma Foi Randstad last week said led by healthcare, the organised sector in India has added 1.13 million jobs this year, making it the best in the last four years, ahead of the previous peak in 2006 when 1.03 million jobs were added. This is a significant growth over 2008 when only 670,000 jobs were added. The number last year was 900,000.
Sectors like hospitality, real estate and construction, IT & ITeS joined the 100,000-plus jobs pack in 2010. And among the cities surveyed, Delhi and NCR have reported greatest employment generation by creating 113,897 jobs in 2010.
Most HR consultancy firms say they are projecting a salary increase of 8 to 16 per cent in 2011 with sectors like telecom and pharma leading the pack. Global HR consulting firm Mercer says it has revised its forecasts for 2011 and has made an upward correction in the salary hikes expected due to the positive sentiment running across industries at large.