Manufacturing sector prepares for hiring uptrend

Tags: News
India's manufacturing industry is expected to witness a significant uptick in hiring activities in coming years amid improving business sentiments and the government's focus on this sector, HR experts believe.

The recent surveys suggest that export orders are growing considerably, while rising domestic demand is expected to further boost the growth rates for the manufacturing sector.

As part of India's national manufacturing policy (NMP), the country is seeking to boost the sector's growth and ramp up its share in the country's GDP to 25 per cent from the current 15-16 per cent over the next decade. The target is to create 100 million jobs by 2022.

Talking about the steps required to meet this target of creating 100 million jobs can be achieved, leading industrial manufacturing major Aequs' Chairman and CEO Aravind Melligeri said: "As for most of the policies, successful implementation will depend on enabling legislation."

While the Union Budget 2014-15 had many encouraging signals for manufacturing and business sentiment has improved, there was less than expected progress on tax and labour law reforms, particularly with regard to SEZs, he said.

"In light of this, we are optimistic but guarded about the future," Melligeri added.

"At an entry level, there seems to be good supply of talent from the different technical institutions. This way, I feel we are ready to face the growing demands of the business. But there is a worrying void for good quality Managers who can be developed into Leaders," German conglomerate Freudenberg's Regional Corporate Center (India) HR Head Srinivas Ghanagam said.

In the coming months, the companies are likely to focus on hiring people and on training them as a measure to specialise them and build their foundation for the next financial year when the industrial landscape will become competitive than ever before, HR managers believe.

While the talent crunch is definitely a key consideration in manufacturing sector, it cannot be held as an excuse to deter India from robust manufacturing.

Companies are creating in-house learning capabilities, which focus not only on the current requirements but also on creating a talent pool for the industry. Moreover, there has also been a shift of focus from non-manufacturing to manufacturing study module, given the growth of rich opportunities in the growing industry.

"Hiring will happen across grades right from the shop- floor machine operator to administrative department to front- office as it'll be a holistic capacitative expansion of plants and not just increasing capability," Melligeri said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Government must give up majority ownership in loss making PSU banks

    After four years of braving economic slowdown and provisioning for rising non performing assets (NPAs), public sector banks are in urgent of capital.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Cooperative federalism and governance

Improving relations between the states and the Centre to improve ...

Kuruvilla Pandikattu SJ

Reason drives religion, science

Both religion and science are driven by reason, claims Rama ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture