2010 was a good year for the Indian economy, while recession had a global impact in 2009, the economy revived largely in 2010. The International Monetary Fund has forecasted the world economy to grow by 4.2% in its October World Economic Outlook report after an estimated growth of 4.8% in 2010.Inflation continues to be a cause of worry across the world. In the last year crude oil ($ per barrel) rose from 81.51 to 89.84 which is a 10.2% increase. However the projections for job opportunities across the globe continue to be very positive particularly in India and Asian countries.
As per forecast by Assocham (Associated Chambers of Commerce and Industry of India), a skills shortage predicted in Indian service sector. Services businesses are responsible for almost two-thirds of India’s gross domestic product, with fields witnessing strong levels of growth including biotechnology, IT and academia. Assocham forecasts between ten and 15 million job positions will be generated by 2011, with 75 per cent requiring vocational training. If this is not achieved, Assocham advises, it could lead to an economic slowdown, as skilled workers are required in the IT, engineering, hospitality and insurance industries, among others.
What can job seekers expect for the coming year? Here are six career trends to expect in 2011:
- There will be more hirings from Colleges and Campuses this year.
- Salary hikes will be modest this year.
- There will be increased focus on the soft skills
- There will be increased recruitments through social networking websites and recommendations this year.
- There will be steady job competition for key positions across the sectors, however there will be plenty of jobs.
- There will be an enhanced focus on “personal branding” . Personal branding is focusing on an individual’s brand and how it reflects them as an employee and an individual. In 2011, job seekers will continue to focus on their personal brand and look to online tools like Video CVs, linkedin recommendations etc to make them visible to prospective employers.
Key Areas for Hiring in 2011.
Though we have overcome the shadow of recession largely in 2010, it may take few more months for the total recovery in all sectors of the industry. As per recent data released by Manpower Survey India released on 7/12/10 following are the key areas of growth in recruitment in 2011 “The most dynamic hiring prospects are reported in the Services sector, with a Net Employment Outlook of +51%, and the Manufacturing sector, where the Outlook stands at +45%. Robust hiring activity is predicted in the Transportation & Utilities sector and the Public Administration & Education sector, with Outlooks of +37% and +36%, respectively.”
Following are the key sectors and job types in which more jobs are likely to be in demand.
1. Computer systems design, Software publishers and related services,
Hottest jobs in this field: Software Developer, Software Architect, network systems and data communications analysts; network and computer systems administrators; accountants and auditors , computer support specialists, market research analysts and Mobile Apps Developer .
2. Management and consulting services
Hottest jobs in this field: Marketing research executive, communications analysts; industrial engineers; financial analysts; customer service representatives; project managers and public relations specialists
3. Sustainability and Social service sector
Hottest jobs in this field: Child Welfare Officer, Social worker, Accounts Officer, Program Directors, medical and public health social workers; special education teachers, occupational therapists; and social and human service assistants, Research and Documentation Officer, Administrative Officer,
4. Research and development services
Hottest jobs in this field: Research Analyst, biomedical engineers; biochemists and biophysicists; medical scientists, Agriculture Scientist, Lab Assistant, Research Associate, Research Executive, Scientific Assistant, V.P.- Research & Development, Environment Scientist, Research Associate, Scientific Officer, R&D Executive, Scientist and Sr. Research Fellows (SRF)
5. Health care
Hottest jobs in this field: doctors, nurses, physician assistants; physical therapist aides; speech-language pathologists, physical therapist assistants and physical therapists
Hottest jobs in this field: heating, air conditioning and refrigeration mechanics and installers; septic tank servicers and sewer pipe cleaners; telecommunications equipment installers and repairers, except line installers; purchasing agents, except wholesale, retail and farm products; and cost estimators
7. Educational services Hottest jobs in this field: preschool teachers, preschool, kindergarten, and elementary school; office clerks, general; kindergarten teachers and first-line supervisors/managers of personal service workers
However it should be remembered that these 7 fields are not the only fields where job opportunities will be available in 2011. They’re fast-growing, but jobs can still be found in many fields that are not growing as fast — even shrinking.
We conclude that while 2011 welcomes us on a brighter prospect from job opportunities perspective, the following are the key tips to retain your position and be successful in your role , irrespective of if you are searching for a job or not,
Few helpful Tips to follow this year in your organization
- Increase your visibility at all levels in your organization.
- Go the extra mile – Remember if you want to stand out from the others , you need to go the extra mile
- Make professional connections – The more well connected you are the better is your career prospect
- Commit to learning a new skill – One need to strive learning newer technologies, be updated with the latest industry happenings at all times.
- Be the gracious co-worker and an excellent Team Player – At the end of the day , it is the team who makes an organization succeed not an individual, so one needs to demonstrate a high degree of professional integrity and motivate the team and be a good team player.
Wish you a Happy New Year 2011. May you have a wonderful career growth ahead.