India's need for more human capital is being driven by recent economic growth. According to recent findings by the finance ministry, India's main stock- market index has increased over the last 12 months starting April 1 and its economy may grow 8.2 percent in the year.
As companies look to grow their headcounts, they plan to focus on areas that have a direct impact on revenue. When asked which business functions they expected to hire, employers said sales, customer service, information technology, marketing and business development.
In addition to adding to their staff levels, companies plan to add to their employees' salaries. Nearly half (47 percent) of employers said pay will be higher for their workers this year. Twenty-eight percent report that salaries will stay the same as in 2009, while only 3 percent said pay will be decreased.
"As the global economy shows signs of improvement, the employment prospects for India continue to grow," said Arti Pullins, managing director of CareerBuilder India. "CareerBuilder India is in a unique position to assist both job seekers and employers during this rebuilding period. As companies ramp up their hiring, our innovative new services allow CareerBuilder to deliver a high quality recruitment experience to companies and job seekers across India. "
New solutions for employers and job seekers are translating into more applicants to its clients' posted positions. Over the last year CareerBuilder India saw a 56 percent increase in applications to jobs. In addition, 46 new partners have been added across the Internet, featuring CareerBuilder India job listings, further expanding employers' reach to qualified job seekers.
This survey was conducted online within India by CareerBuilder among 868 hiring managers and human resource professionals (employed full-time; not self-employed; non-government; with at least significant involvement in hiring decisions) between December 3 and December 30, 2009. With a probability sample of 868 CareerBuilder users, one could say with a 95 percent probability that the overall results have a sampling error of +/- 3.32 percentage points. Some percentages are based on a sample subset determined by responses to other questions, and the sampling error for data from sub-samples is higher and varies.
India CareerBuilder India is an online job site that connects employers and job seekers in India and is a subsidiary of CareerBuilder, the global leader in human capital solutions. CareerBuilder India is owned by Gannett Co., Inc. (NYSE: GCI), Tribune Company, The McClatchy Company (NYSE: MNI) and Microsoft Corp. (NASDAQ: MSFT). Many of India's leading employers take advantage of CareerBuilder India's search technology, job posting network, employment branding and C.V database. Job seekers visit the site to search for opportunities, sign up for automatic e-mail job alerts and receive advice on employment and career topics. For more information, visit www.CareerBuilder.co.in.
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