’2014 Will Be The Year Of Multi-Skilled Professionals’

Interview Of The Day: ’2014 Will Be The Year Of Multi-Skilled Professionals’

Rituparna Chakraborty, vice president, Indian Staffing Federation

In the Year 2014, degrees will not matter but experience and skill would…

1. What would be the top recruitment trends of 2014?

The top recruitment trends in 2014 would be:

• Use of advanced metrics and big data: This allows them to know on what’s happening currently and alert them about the upcoming recruitment challenges and opportunities.
• Mobile platform: The use of mobile platform, for hiring purposes, would continue to grow and expand, due to the advancement in technology.
• Employer branding: Strategic employer branding would be one of the long-term recruiting strategy.

2. Which are the top industries to work for and why?

Emerging:

1. E-commerce– This industry has grown by 50 per cent in the last five years. While this industry has been around for the last 15 years, the appropriate ecosystem has finally fallen in place, in India. The number of users making online transactions has been on a rapid growth trajectory, and it is expected to grow from 11 million in 2011 to 38 million in 2015. Venture Capitalists (VC) and private equity players have demonstrated their faith in the growth of e-commerce, in the country.
2. Agricultural products and fertilizer – India has emerged as a major player in the global agriculture market. In the last five years, the country’s agriculture exports have tripled from around Rs 80,000 crore (US $ 12.75 billion) to Rs 2.32 trillion (US $ 33.99 billion).
3. Education and training – Major investments are being seen in the areas of pre-schools, private coaching and tutoring, teacher training, development and provision of multimedia content, educational software development, skill enhancement, IT training and e-learning.
4. Retail – Organised retail is expected to grow at the rate of 20 per cent year-on-year. Even with minimal policy intervention, this sector shall continue to grow exponentially.

Stars:

1. Services – India’s services sector contributes to about 60 per cent of the country’s Gross Domestic Product (GDP), 35 per cent of employment, a quarter of the total trade, and over half of the foreign investment inflows.
2. Pharma – The major factors responsible for the growth in this sector are increasing sales of generic medicines, continued growth in chronic therapies and greater penetration in rural markets.
3. Healthcare & Medicine – The Indian Healthcare industry, which comprises of hospitals, medical infrastructure, medical devices, clinical trials, outsourcing, telemedicine, health insurance and medical equipment, is expected to reach US $ 160 billion by 2017. This industry, being manpower intensive, witnesses a steady demand for qualified manpower across levels and functions.
4. Biotechnology - The key growth drivers of the US $ 4.3 billion industry include strong domestic demand for biotech products, growth in contract services, focus on R&D initiatives and strong government support for the sector.

Stable:

1. BFSI
2. Consumer durables
3. Fertilizers, Chemicals, Paints, Dyes & Industrial Chemicals
4. IT

3. What would be the top five professions of 2014 and why?

1. Sales – The evergreen profession, which can never lose its sheen in a growing economy like India.
2. Trainers – Heavily under-skilled India needs tons of quality trainers and teachers. Education and training, being one of our emerging markets, this is likely to be one of the most sought-after professions.
3. Physicians - No matter what happens to the economy, they would always be in demand. India and the world still have far lesser number of doctors, compared to the demand and hence they dictate their salaries.
4. Mobile Applications and Device Managers – The increasing proliferation of mobile devices shall bring such professionals to the forefront.
5. Big Database Administrators – The growing interest in big data, among corporates, for analytics, have fuelled the demand for these administrators.

4. What would the top five locations of 2014?

1. Delhi NCR
2. Mumbai
3. Bangalore
4. Chennai
5. Ahmedabad/Pune 

5. 2014 will be the year of…

2014 will be the year of multi-skilled professionals who keep focusing on keeping themselves relevant to the changing environment. These professionals are eager to take up projects, assignments and short term skill enhancement programmes in areas beyond their current level of competencies and skills. Degrees will not matter, but experience and skill would.

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