IndiaRetailBiz

Although economy has begun to display early signs of recovery, hiring in India is not happening the way it was happening two to three years ago, before the onset of global economic crisis. (source)

According to Sanjeev Bikhchandani, Founder & CEO, Info Edge (India), which owns India’s most popular jobs website Naukri.com, while first half of the year is expected to be difficult, he expects a bit of recovery from the third quarter of the year.

According to B S Nagesh, Vice Chairman, Shoppers’ Stop, among the country’s largest listed, multi-format, multi-products retailers, while not much of hiring is taking place on account of improved productivity levels, new employees will be added as there will be a lot of new stores opening in the coming months.

According to Bhikchandani, the report that close to 42 per cent of companies have increased hiring is an indication that “the worst is over.” It will, however, take a while before the situation returns to “where it was a year ago,” he said.

Speaking about the demand pattern, Bhikchandani said that most of the current demand is from “replacement hiring.” The largest lot, according to him, is coming from those who possess 2 to 10 years of experience.