30 Years Of Covering Mumbai
Home > Business > Big Data And Predictive Analytics Set To Dominate The Recruitment Industry

Big Data And Predictive Analytics Set To Dominate The Recruitment Industry

Tuesday, June 09, 2015
By A Business Reporter

A detailed study on the Employment Outlook   for the half year (HY1) period from April to September 2015.brings forth some important employment and business trends that will play a significant role in determining how job creation and hiring pans out in India over the next six months. It is interesting to note that new domains such as Big Data and Predictive Analytics are accelerating the need for a highly sophisticated workforce, and at scale. IT, Engineering and Blue collar jobs will be much in demand

According to the report released by TeamLease Services, a composite staffing company, “Startups and Recruitment Process Outsourcing (RPO) are emergent trends. Though the net addition to the workforce is projected to be lesser than in the preceding half-year, the talent acquisition activity would continue to grow.  

According to the report both business and employment outlook will witness a marginal dip in the current half year (April-September’15) indicating a consolidation approach by India Inc. While business sentiment will witness a drop of 1 point, the Employment Outlook will be down by 2 points.
However, the cautiousness seems to have not dampened job growth, it remains strong at 11.3%, although lower than last half year, it is significantly better than the previous year.

Elaborating on the report, Kunal Sen, Senior Vice President, TeamLease Services said, “As the economic  fundamentals that drive business and hiring sentiments last half year continue to exist, the current dip is more a course correction than a downturn. The pro-industry announcements and easing of norms coupled by the resurgence in the GDP growth will definitely pull the hiring back onto the growth trajectory.”

Seven out of the nine sectors have registered a moderate to neutral business and hiring sentiment indicating consolidation in the market. While Retail (led largely by online) and Manufacturing & Engineering with a three and four point increase in business and employment outlook respectively are pushing the overall sentiment upwards, Telecom seems to be the laggard. City wise, Mumbai and Delhi continue to showcase exuberance in business and hiring, while Chennai’s growth is restricted only to business. It is interesting to note that Pune, is on a hiring spree and has registered a three point increase in hiring.

No Comments Posted
City news
‘I am demanding that he should make an ...
NDA members carrying on a poster war outside ...
A 26-year-old boy — Ahmed Shaikh — who ...
I am 21 and my girlfriend who is also 21 (few mon
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)An absorbing and financially beneficial day lies ahead. Travel is indicated for some of you and will turn out in your favor. An offer of work could come your way, which is totally different from what you do. A change is indicated but you will have to proceed cautiously. In pursuing your career goals you may have lost touch with love. A development today will make you realize how important it is for you.
Tarot for Love
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)What the cards say: Expand and be inclusive Path: Be a true friend. Don’t be focused on self Ally: Virgo will help you focus on service to others. Avoid reactive Leo or self centered Cancer Card for the week: Tarot key no. III The Empress. Love and all good things of life. The mother goddess of plenty brings abundance
- Advertising -
‘As property prices are rising, so are marriage d
Baaya Design was found by Shibani Jain in 2009.
When you’re going in for a realty purchase, chanc
Read More