While 2018 went down in history as a year fraught with uncertainty for jobseekers, 2019 should yield much more fruitful pursuits. In fact, hiring is expected to pick up, organizations are modernizing hiring techniques, and technology will play a greater role in the recruitment process. Here’s what’s in store for Indian jobseekers in the IT, automotive, and financial sectors.
According to IT employment Outlook which surveyed approximately 500 employers across India, IT hiring is expected to rebound from last year’s sluggish performance. The survey anticipates that hiring will pick up between now and March 2019. Why? Digital transformation. As organizations begin to adopt new technologies (AI, blockchain, etc.), they will need to be bullish in their hiring practices, boosting their IT workforces by as much as 45%.
Electric vehicles generated a good amount of buzz in 2018, and that trend should continue to hum next year—especially in the automotive and public transportation sectors. With the continued emergence of electric (or “green”) vehicles, the auto industry will see the addition of at least 20,000 new jobs in 2019. Workers with specialized skills in India—a hub of two-wheeler manufacturing and exports—will be in high demand to develop components, design fuel and lighting systems, integrate vehicles, and more.
In 2019, both small and large banks will likely focus more on lending. As they enter rural markets, they’re expected to generate more jobs in Tier-2 and Tier-3 cities. Experts say this breakthrough in the financial industry could create an excess of 1.5 lakh new jobs.
While better work-related news is sure to come in these industries, there is still hope for non-IT sectors as well. Manufacturing, retail, eCommerce, FMCG, and FMCD companies will add around 2 lakh entry-level and contractual jobs, as well. Unlike this year, 2019 promises to see a revival in recruitment, hiring strategies, and upskilling across the country.