8.5 lakh new jobs expected in 2014: Survey

Image
Press Trust of India New Delhi
Last Updated : Dec 25 2013 | 5:55 PM IST
Job seekers can look forward to a prosperous new year as more than 8.5 lakh new jobs are expected across various sectors, including FMCG and healthcare, says a survey.
Coming against the backdrop of uncertain economic conditions, the projected number of new jobs in 2014 is higher than the estimated 7.9 lakh employment opportunities created this year, according to the survey by recruitment platform MyHiringClub.Com.
The findings are based on a study conducted among more than 5,600 firms across 12 industry sectors.
All the opportunities have been projected in for the organised sector, it added.
Besides FMCG, more jobs are expected in healthcare, IT, retail and hospitality sectors.
"Last calendar year was not good either for job seekers or for employers due to uncertain and fluctuated economical and political conditions. 2014 is coming with positive vibes for job-seekers and expected to create 8.5 lakh new jobs in different sectors," MyHiringClub.Com CEO Rajesh Kumar said.
"Finding employees who have employability or job readiness skills that help fit into and remain in the work environment is a real problem and threatening to growth. These issues need to be addressed on priority," he added.
MyHiringClub.Com's survey showed that FMCG would lead the chart and is expected to generate 1.5 lakh new jobs, followed by healthcare (1.33 lakh), IT and ITeS (1.21 lakh), retail (86,700) and hospitality (83,400).
Banking and financial services (61,400), manufacturing and engineering (51,500), education, training and consultancy (42,900), media and entertainment (42,800) and real estate (38,700) are also expected to create job opportunities.
Another HR expert Prachi Kumari, Director at Sat-n-Merc Manpower Consultant said: "Recruitment activity in 2013 went slow beyond our expectation across every levels, majorly recruitments were done only to replace major gaps.
"Coming year 2014 seems very promising. To increase their revenue, companies need to feel the long time vacant positions and also they have to create more jobs as compared to 2013. Overall, it seems the worst condition is over for the job market and we are entering in a zone of another two years of positive growth if not more," she added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 25 2013 | 5:55 PM IST

Next Story