NRIs facing employment problems due to the global economic slowdown are set to get better opportunities in India because of increased hiring expected during the next three months in sectors such as IT and auto, says a survey.
As per the survey of prospective employers conducted by NriJobPortal.Com, the country's net employment outlook - an indicator of hiring intentions - stands at 19 per cent for the quarter ending March 31, 2012, compared to 11 per cent in last year Q4, representing a growth of 8 percentage points.
"The crises and increased good opportunities in India have fuelled the NRI thought process to head back. In addition many Indian companies are shutting there offices in west. "It is not only some major crisis in the West but also a combination of economic, social and other factors that has driven this," NriJobPortal.Com Director RaviKant Gupta said. Gupta added that higher NRI professional recruitment is likely to take place in the coming quarter, as wage gaps have declined sharply. He said increasing number of people are returning because the advantages of returning to India now outweigh the disadvantages by far.
The survey, conducted on human resource professionals and top management of 1,929 firms and 1,710 recruitment consultants, found that major sectors in all regions of the country have positive hiring plans for the next quarter. Among the 11 surveyed industries, IT and IT-enabled services will be leading the NRI professionals hiring activity with 29 per cent outlook, anticipating highest growth of 9 per cent from the year-ago period.
IT sector is followed by automobile, engineering and manufacturing Industries, banking and financial services and infrastructure space in terms of hiring optimism for the January-March 2012 quarter. A region-wise analysis also predicted a strong labour market for all the four regions for the fourth quarter of FY'12, with Bangalore leading the pack followed by Mumbai, Delhi and Hyderabad. NRI job seekers with 1-5 years of experience have the greatest chance to get hired in India. This category of job seekers have a 52 per cent chance to get a job back home, making them the strongest contenders. In contrast, NRI job seekers with 5-10 years of experience have a 28 per cent chance to get hired and those with more than 15 years having only a 5 per cent chance to get hired. Earlier this month, MyHiringClub.Com said in a survey that overall labour market is expected to be strong in the January-March quarter with more hiring in sectors such as infrastructure and IT.
