Recruitments for engineering sector
The Indian engineering sector is of strategic importance to the economy owing to its intense integration with other industry segments. The sector can be broadly categorised into two segments - heavy engineering and light engineering.
The total exports of Indian engineering sector stood at US$ 56.7 billion during FY13 and are anticipated to grow to US$ 125 billion by FY14. Exports from the engineering segment have registered a compound annual growth rate (CAGR) of 12.6 per cent over the period FY08-13.
Growth drivers
The engineering sector in the country has been growing on the back of growth in the user industries and several new projects being undertaken in various core industries such as railways, power, etc. Capacity creation in sectors such as infrastructure, consumer durables, oil & gas, mining, refinery, steel, automobiles, auto components, etc., is driving growth of the industry.
Hiring trends
Hiring trends in India is relatively strong than other markets around the world. Engineers are seen as the backbone of development and innovation. Almost every business establishment needs engineers and technical professionals for a host of needs pertaining to core business or business development support. Construction engineers, Service Engineers, Manufacturing Engineers, Computer engineers are the always in huge demand.
IT firms have been the biggest employers of engineering talent. Multinational IT companies are using India as an innovation hub. In the last two years, nearly 100 companies such as Panasonic, Airbus Innovation, Facebook and LinkedIn have opened research and development (R&D) centres in India, as per the research firm, Zinnov. The IT industry used to hire half or more of the approximately 5 lakh engineers that India produces each year. On the back of the strong growth, engineering and R&D services has the potential to create additional jobs of over one million by the year 2020.
Just-in-time hiring
Considering the uncertain market conditions ahead, industry is changing hiring patterns with increasing emphasis on just-in-time recruitment. As a result, majority of companies outsource their recruitment process to professional job consultancy to do the process of staffing on their behalf. By outsourcing the placement task to these agencies, company’s HR can focus on other strategic matters.
Role played by recruitment consultants
Recruitment consultants have in-depth knowledge of the roles, positions, designations and compensation packages at all levels within the industry. These overseas job consultants are always equipped with the latest industrial practice and provide valid corporate recruitment solution for better growth and prosperity of the organisation. They perform the complete process from initial screening to final selection.
ABC's Perspective
With a dedicated team of 70 consultants and researchers working across diverse sub sectors such as light and heavy engineering, plastic, metals, fine and heavy chemicals, textiles, ABC Consultants is well positioned to service clients in this sector. They understand the ever-changing challenges of talent acquisition in this progressively complex environment.
Be it the requirement for a single engineer or a team or even a complete workforce, ABC Consultants has always delivered quality manpower within time frame. The job consultancy provides effective manpower solutions for all engineering and technical needs.
The total exports of Indian engineering sector stood at US$ 56.7 billion during FY13 and are anticipated to grow to US$ 125 billion by FY14. Exports from the engineering segment have registered a compound annual growth rate (CAGR) of 12.6 per cent over the period FY08-13.
Growth drivers
The engineering sector in the country has been growing on the back of growth in the user industries and several new projects being undertaken in various core industries such as railways, power, etc. Capacity creation in sectors such as infrastructure, consumer durables, oil & gas, mining, refinery, steel, automobiles, auto components, etc., is driving growth of the industry.
Hiring trends
Hiring trends in India is relatively strong than other markets around the world. Engineers are seen as the backbone of development and innovation. Almost every business establishment needs engineers and technical professionals for a host of needs pertaining to core business or business development support. Construction engineers, Service Engineers, Manufacturing Engineers, Computer engineers are the always in huge demand.
IT firms have been the biggest employers of engineering talent. Multinational IT companies are using India as an innovation hub. In the last two years, nearly 100 companies such as Panasonic, Airbus Innovation, Facebook and LinkedIn have opened research and development (R&D) centres in India, as per the research firm, Zinnov. The IT industry used to hire half or more of the approximately 5 lakh engineers that India produces each year. On the back of the strong growth, engineering and R&D services has the potential to create additional jobs of over one million by the year 2020.
Just-in-time hiring
Considering the uncertain market conditions ahead, industry is changing hiring patterns with increasing emphasis on just-in-time recruitment. As a result, majority of companies outsource their recruitment process to professional job consultancy to do the process of staffing on their behalf. By outsourcing the placement task to these agencies, company’s HR can focus on other strategic matters.
Role played by recruitment consultants
Recruitment consultants have in-depth knowledge of the roles, positions, designations and compensation packages at all levels within the industry. These overseas job consultants are always equipped with the latest industrial practice and provide valid corporate recruitment solution for better growth and prosperity of the organisation. They perform the complete process from initial screening to final selection.
ABC's Perspective
With a dedicated team of 70 consultants and researchers working across diverse sub sectors such as light and heavy engineering, plastic, metals, fine and heavy chemicals, textiles, ABC Consultants is well positioned to service clients in this sector. They understand the ever-changing challenges of talent acquisition in this progressively complex environment.
Be it the requirement for a single engineer or a team or even a complete workforce, ABC Consultants has always delivered quality manpower within time frame. The job consultancy provides effective manpower solutions for all engineering and technical needs.
|
|
