Experts believe that companies will start hiring in full force from January next year
Listen to this article
After a long, dry spell, job market sees slow growth
x
00:00
Experts believe that companies will start hiring in full force from January next year
For months, the IT and BPO sector, the first affected by the economic slowdown, had taken a back seat. But finally there is some movement in this sector as far as job placement are concerned.u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0
u00a0"Since the market is just picking up, it will take 12-18 months for us to see real growth in certain sectors and for employment creation. It will take a while for the construction, manufacturing and realty industry to pick up," said Sheka
According to Ganesh Natarajan, former chairman of NASSCOM, companies will start recruitments in full force from January to March next year. "For real improvement in the job scenario, the economy in US and Europe will have to improve," he said.
However, recruitments are taking place in certain processes only. Rajendra Vaidya, director, ExcelSource, an IT-enabled financial services firm, said, "We are hiring people in our domestic arm, but for our other services, which cater to the export market we are not taking in anyone."
However, the signs are positive and professionals are hoping that things will improve in the coming months. Shekhar Purandare, a techie working with a software company, said, "With the sentiment in the market seeing an improvement, there is some respite and stress levels are reducing. It is nice to see companies, which were thinking of giving pink slips to the employees, now at least thinking of hiring people."
"Exciting news! Mid-day is now on WhatsApp Channels 
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
