Hiring likely to rise 15% in 2010-11: E&Y

India Inc is well and truly in recovery mode. Close on the heels of positive outlook on the job sector projected in surveys by the likes of Hewitt and Ma Foi, global consultancy Ernst & Young has said that there is likely to be a 10-15% increase in hiring in the 2010-11, led by the telecom sector which is projected to create jobs in excess of one lakh.
Indian job market seems to be striking the right chord with the country’s working population, as more and more vacancies are being created and filled across sectors. From a conservative point of view, percentage increase in hiring in the new fiscal can be between 10-15%, E&Y partner and national head (people & organisation) N S Rajan said.
The telecom growth story would continue in the fiscal and hiring activity in this sector is likely to be in excess of 1,00,000 jobs, he added.
Other sectors that are likely to step up hiring in the new fiscal include pharmaceuticals, FMCG and education, which are facing a talent crunch. Ernst & Young, however, said that due to the harsh lessons learnt from
the downturn, companies are going to approach hiring with a caution.