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Wednesday, March 28, 2012

Power & automobile sectors in positive mode


Power and automobile sectors are among the sectors that will be looking to consolidate their work force substantially in 2012. "The hiring trends in the power sector have immense job openings in both private and public sector as there is a huge demand-supply gap of talent in this sector", says Vinay Grover, CEO, Symbiosis Management consultants, an executive search firm. Besides the core technical/engineering skills, the power sector requires people in varied functions like investment analysis, risk, project finance as well as other commercial and support functions. For technical positions, a diploma/degree in engineering (mechanical, electrical or civil) is required. However, fresh engineers need to undergo specialised training to adapt to the technical requirements of the industry. The industry offers excellent remuneration and benefits, besides the opportunity to make a meaningful contribution to the country.

Automobile sector
The much-neglected automobile industry has finally paved its way to becoming a global powerhouse, with the hiring trends significantly improving in this sector. With manufacturing facilities progressing in the automobile sector, the recruitment trends too have changed significantly. Delhi, Pune and Chennai remain major manufacturing hubs that offer promising employment opportunities. Also the recently revealed half yearly report in the auto sector stated that 70 per cent of recruiters in this sector admit to facing a talent crunch when hiring employees and 54 per cent feel it is difficult to get talent with four to eight years of experience. Speaking on increments given this year, 47 per cent of the recruiters said the hike was in the range of 15 to 20 per cent.
"The competitiveness in the auto sector is due to changes in technological processes which create more job vacancies in various departments of this sector. This sector has a huge demand for skilled workers and the forecast reveals that there will be 5 million automotive jobs in the next five years", says Grover.

Source : TRIBUNE INDIA

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