Good news for job seekers...

Hyderabad, Sept 11:

 No more gloomy days for Job prospects in the country as the firms are on a hiring spree. As per a survey conducted by a noted recruitment firm the hiring outlook for the next three months also looks promising, with as many as 66 percent domestic companies expecting to go on recruitment spree very soon.

The survey conducted by the global recruitment firm Antal International has revealed that these domestic companies, proposing to hire professionals and managers, have rebounded to 51 per cent currently as against the dramatic fall to 29 per cent at the beginning of this year. Even the Job cuts are expected to drop to 21 per cent over the next quarter.

"After a substantial dip in hiring levels at the start of 2009, confidence seems to have returned to the Indian Job market in a dramatic fashion. Two thirds of the businesses we spoke to are already in the process of hiring for the next quarter," a senior level management official of the Antal International India told TN here on Friday.

The quarter saw better days as the number of companies hiring are 30 per cent more than the ones laying off. As per another survey conducted by an agency, as many as 200 companies ended the financial year with more staff as against 150 which saw a decline in the number of employees.
 
The State Bank of India (SBI), the largest recruiter after the Information Technology giant Tata Consultancy Service (TCS), was much more aggressive in hiring than Wipro and Infosys. Wipro and Infosys together added 28,049 employees, just about five per cent more than SBI alone.

Although the SBI chairman, Mr OP Bhatt, could not be contacted for comments, he had earlier made a public statement that the bank is going to recruit 20,000 employees this fiscal.