After a long, dry spell, job market sees slow growth

Experts believe that companies will start hiring in full force from January next year

After a long, dry spell, job market sees slow growth

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

According to Mahesh Sheka, managing director, Dialajob, a Mumbai-based placement firm, the ITES sector and BPOs in Pune, which had stopped recruitments, are now hiring people. "We are also seeing slow and steady recruitment in financial services companies, which are into investment and insurance. But in most cases, the salary package is equal to that which was offered in 2006."u00a0

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."

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