In comparison to the year 2011, the year 2012 was a disappointment in terms of hiring the workforce. The ratio of the country’s job creation was dipped by 21%, though it was estimated that 5.2 Lakh jobs were created in the year 2012 but still the ratio gets decreased at a very high rate. If we have a look at the whole year calculations, in the first half 2.8 Lakh jobs were created which was decreased by 40,000 in the second half of the remaining year. Mainly the sectors like telecom and BFSI were highlighted by the layoffs and downsizing which were cutting their costs by trimming the staff strength. But we should not give up our hopes, the New Year will definitely will bring the better news.
2013 Outlook:
Depending upon the vital factors, the hiring outlook of 2013 year will vary time to time. Significant number of hires will be continued in the sectors like retail, healthcare, FMCG and pharmacy. But at the same time, the placement firms cannot declare the same about the infrastructure and telecom sector. The HR consultants say that they are expecting a pick up in the hire ratio at the end of the year as compare to the starting of the year.
The IT sector will depend upon the global economies to increase their hire ratio and will display a positive outlook towards it.
In addition, in terms of salary the employees can fell slightly pinched. But there is an expectation to have an increase in the average pay up to the 11.2% in the year 2013. Decrease in bonus payout can be a great disappointment. The bonus payout ratio usually depends upon the performance of the companies which was not so good in this financial year, so the bonus payout ratio can remain the same as compared to last year or can slightly decrease.
Strategies for Career:
The job market seems to continue tough for some of the more time. So, any seeker should not do anything jeopardize in their current position which can scuttle the new job’s chances too. There are some points that can be taken care of by anyone to improve their professional prospects for the coming year:
1. Reinvent:
A person should try some new ventures and projects and makes the job look little bit interesting. You should not remain in the comfort zone forever and try something different. It can lead you the way to new opportunities.
2. Flexibility:
In the economic uncertain scenario, the professionals are expected as well as needed to be flexible. A person who responds more quickly to the changing scenario of the market is more preferable.
3. Always be prepared :
If you have decided to leave your job or decided to change it than stuck to your decision because once you make up your mind, it is better to follow it. If you change your decision, it is possible that in coming future you have to compromise on some points.
If you are looking for career in IT, visit Thoughtful Minds Web Services Pvt. Ltd. It is a Multi-national IT Company in India dealing with Website Designing and Development, Software Development and Copywriting services. Serving to International Market, you can expect to groom yourself professionally. The company also offers training on its core services. To know more about it or visit thoughtfulminds.org now!
In comparison to the year 2011, the year 2012 was a disappointment in terms of hiring the workforce. The ratio of the country’s job creation was dipped by 21%, though it was estimated that 5.2 Lakh jobs were created in the year 2012 but still the ratio gets decreased at a very high rate. If we have a look at the whole year calculations, in the first half 2.8 Lakh jobs were created which was decreased by 40,000 in the second half of the remaining year. Mainly the sectors like telecom and BFSI were highlighted by the layoffs and downsizing which were cutting their costs by trimming the staff strength. But we should not give up our hopes, the New Year will definitely will bring the better news.
2013 Outlook:
Depending upon the vital factors, the hiring outlook of 2013 year will vary time to time. Significant number of hires will be continued in the sectors like retail, healthcare, FMCG and pharmacy. But at the same time, the placement firms cannot declare the same about the infrastructure and telecom sector. The HR consultants say that they are expecting a pick up in the hire ratio at the end of the year as compare to the starting of the year.
The IT sector will depend upon the global economies to increase their hire ratio and will display a positive outlook towards it.
In addition, in terms of salary the employees can fell slightly pinched. But there is an expectation to have an increase in the average pay up to the 11.2% in the year 2013. Decrease in bonus payout can be a great disappointment. The bonus payout ratio usually depends upon the performance of the companies which was not so good in this financial year, so the bonus payout ratio can remain the same as compared to last year or can slightly decrease.
Strategies for Career:
The job market seems to continue tough for some of the more time. So, any seeker should not do anything jeopardize in their current position which can scuttle the new job’s chances too. There are some points that can be taken care of by anyone to improve their professional prospects for the coming year:
1. Reinvent:
A person should try some new ventures and projects and makes the job look little bit interesting. You should not remain in the comfort zone forever and try something different. It can lead you the way to new opportunities.
2. Flexibility:
In the economic uncertain scenario, the professionals are expected as well as needed to be flexible. A person who responds more quickly to the changing scenario of the market is more preferable.
3. Always be prepared :
If you have decided to leave your job or decided to change it than stuck to your decision because once you make up your mind, it is better to follow it. If you change your decision, it is possible that in coming future you have to compromise on some points.
If you are looking for career in IT, visit Thoughtful Minds Web Services Pvt. Ltd. It is a Multi-national IT Company in India dealing with Website Designing and Development, Software Development and Copywriting services. Serving to International Market, you can expect to groom yourself professionally. The company also offers training on its core services. To know more about it or visit thoughtfulminds.org now!