With an established infrastructure, Chandigarh is seeing big investments from domestic as well as international businesses across key sectors…
Chandigarh registered an average 4 per cent increase during the May-Aug 2014 period, according to the TimesJobs.com RecruiteX. The city observed over 30 per cent rise in hiring activity during July 2014. It has been among the top job hubs with an average rise of 3 per cent in demand, well above the industry average, during the first half of 2014.
What’s fueling the demand?
Chandigarh is fast emerging as a potential market for Real Estate, Retail and E-commerce sectors due to its infrastructure and the increasing buying power of consumers.
Key sectors hiring in the city include Engineering, Manufacturing, Automobile and Banking. According to the TimesJobs.com data, these sectors account for nearly 15 per cent of the total job postings in the city during the Aug-Sep 2014 period.
Key demand drivers include:
· Increasing investments in key sectors:
3. Automobile/Auto Ancillary
· Infrastructural development
· Positioning as an IT hub
· Demographical advantage
Who’s in demand?
Hiring is buoyant for support functions including accounting & finance, front office/administration, and customer service/tele calling. These account for 15 per cent of the total job postings in the city, according to TimesJobs.com data. Demand is also seen for core profiles such as IT/telecom and sales/business development & marketing.
Demand is maximum for freshers, followed by junior/entry level professionals in the city. The 0-2 years experience category accounted for nearly 32 per cent of the total demand in Chandigarh, reveals TimesJobs.com data. Entry/junior level candidates accounted for nearly 30 per cent of the total demand in the region across sectors.
What the future holds?
There has been a lot of infrastructure development towards making Chandigarh an IT hub and this sector will continue to be the primary job creator in this region. Apart from the IT & ITeS industry, there are also investments in retail and manufacturing, specifically the auto/auto ancillary industry. With growing preference from domestic and multinational businesses coupled with established infrastructure, the city is expected to see significant growth in retail real estate. This will create considerable job opportunities in the sector. Demand for software developers and sales/business development executives will be significant, driven specifically by the IT and the Retail industry.
(With inputs from Sunil Goel, MD, GlobalHunt & Aditya Narayan Mishra, president-Staffing, Randstad India)
Next: Nashik to offer opportunities in allied and support services