Hiring likely to pick up after elections: Reports

Posted By: Religare
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Hiring likely to pick up after elections: Reports
According to a PTI report, India Inc. is planning to boost hiring amid hopes that the general elections in April-May may see the formation of a stable government.

Reports say that the elections may help create as many as 2 million new jobs in Asia's third biggest economy as companies boost hiring activities amid hopes of a pickup in demand and business needs.

Human resource consultants and executive search firms estimate that Indian companies need to add 12-14 lakh fresh workers this year to meet their current business needs, the PTI reported.

However, a strong mandate in the Lok Sabha elections may provide further impetus to the country's job market.

The formation of a stable government with minimal alliance partners may help generate over 20 lakh new jobs in 2014, HR experts say, according to reports. The new government may accelerate the long stalled reform process, revive investments and boost economic growth, bolstering hiring sentiment.

In 2013, India Inc. is likely to have created more than 10 lakh new jobs even as last year saw considerable lay-offs due to a weak macro-economic scenario.

Read more about: hiring, elections
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