Hiring in times of recession
This is a not a very good period for people who are looking for jobs. But there is still some glimmer of hope for people in India. Companies like Tata capital are planning to have 128 exclusive branches in tier-I and tier-II cities by the end of this year.
Aditya Birla Financial Services registered a 36% growth in its revenues in FY09 and is hiring aggresively.
The trend of recruiting during these times is more company-specific than an industry phenomenon.
In US the biggest employer is Federal government which has lot of posts still vacant. Health industry is another sector which had seen some aggressive hiring although it has slowed down this quarter.
This is smart moves by the company who have planned for growth in the long run. During these times , companies get a lot a choices and employees are also willing to compromise on the salaries.
