More freshers to be hired this year by India Inc. Here’s why

Freshers have a reason to rejoice. Recruiters expect campus hiring to pick up this year following a lean season in fresher hiring last year.

“We are expecting companies to increase their campus recruitment activity this year over last year as the overall economic situation has improved,” said V Suresh, executive vice president and chief sales officer of Naukri.com.

He explained that since the NaMo government has taken measures to boost the economy, the markets are expecting stalled as well as new projects to take off. According to India Skill Report 2015 by online skill assessment firm, Wheebox, campus hiring will go up by nearly 18% to 23% in FY 16. The report also suggested that there will be an overall increase of 23% in the hiring activity for 2015.

In terms of the sectors, industry experts expected the banking and financial services industry (BFSI) sector to be one of the major recruiters for new entrants in the job market.

“We expect the manufacturing sector to increase its activity as there have been some positive announcements made for the sector. We expect companies to invest in this sector, thus giving the much needed thrust to the projects, which in turn will push upthe recruitment activity in both manufacturing as well as BFSI sector,” explained Suresh.

Apart from BFSI, traditional recruiters for fresher such as IT, ITes will also continue the trend. Recruiters also noted that eCommerce will also become one of the major employers for new entrants in the industry.

“eCommerce is doing extremely well in the country and we see a lot of new companies in this sector. Hence, this one too will bet big on fresher,” added Suresh.

Talking about domain wise hiring, India Skill report 2015 revealed that there will be a surge in hiring of diploma graduates. The industry also expected a small increase in the recruitment of engineers and ITI candidates in the market. However, the recruitment drive at the entry-level will be driven by general management graduates which will form about 60% of overall hiring numbers.

“For sectors like core and consumer durable sectors, there does not seem to be any major change in the overall hiring mix, except that the core sector is planning to hire more management graduates. Considering that the sector is expecting a significant growth in the coming year, it makes absolute sense to have management graduates onboard who can help in managing this change,” stated the report.

It should be noted that the as per market estimates, the hiring activity recorded a 10% increase in February 2015 over the corresponding month last year.