Improving economy and investment in Indian carriers and hotels by global companies is likely to lead to hiring for aviation and hospitality sectors witnessing up to 40 per cent growth in 2015, according to experts.
"The year of 2015, is going to be high hiring year and sectors like hospitality and aviation will boom and it will increase 30-40 per cent compared to last year," executive search firm GlobalHunt Managing Director Sunil Goel told PTI.
Echoing a similar view, Kelly Services India and Malaysia Managing Director Kamal Karanth said many global hotel chains have invested in India in the past few years opening up large job markets.
In 2015, the sector alone will create 60,000-80,000 jobs and similarly, the aviation sector is expected to create 3.5 lakh jobs in the next 10 years, he said.
PeopleStrong HR Services Co-Founder and CEO Pankaj Bansal said there is likely to be increase of about 20-25 per cent in hiring intent compared to last year.
The sectors that will be at the forefront of this change are hospitality, banking, financial services and insurance (BFSI) and core sectors where the increase would be more than 25 per cent. These will be followed by sectors like auto, software and IT, BPO or ITES, which have shown an increase of over 10 per cent in the hiring sentiment, he said.
TeamLease Services Senior Vice President Kunal Sen said that 8-10 per cent uptick in hiring is expected for the aviation and hospitality sectors for now.
The Union Budget announcements for these sectors is expected to significantly spur further job creation, he added. "Hospitality has managed the talent shortage by making do with untrained resources thereby compromising on quality.
"But aviation has been forced to look at expat pilot hiring in spite of Directorate General of Civil Aviation's restrictions on expat pilot hiring," he added.
Industry experts also believe manufacturing will get momentum as Prime Minister Narendra Modi's 'Make in India' initiative is expected to attract investment from the global market boosting hiring in the sector.
IT and ITeS sector been evergreen industry for India and growing economy of the US is been positively impacting the sector and situation like talent war will start happening and every company would like to hire best of the available talent from the market, Goel said.
India continuously churns out manpower but there are some areas such as e-commerce and analytics that are facing a huge shortage of skilled candidates, Michael page India Senior Managing Director Sebastien Hampartzoumian said. He said from a cost perspective, Indian nationals will be hired over expatriates.
"However, the next preference will be given to returning Indians while expatriates will be considered for senior roles," he added.
