Best Place to Work – India Or China

December 18, 2010

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India beats China as best place to look for new jobs in 2011: Forbes

Updated Saturday, December 18, 2010 9:07 pm TWN, The Straits Times/Asia News Network

NEW DELHI — Landing a well-paid job was far from certain when civil engineering undergraduate Manish Katela started the final year of his four-year course at the Malaviya National Institute of Technology in Rajasthan.

From the previous cohort, which joined the workforce during the economic downturn, only nine had received job offers at campus recruitment fairs.

But this year, he is among 52 students who have secured jobs in the first few weeks of campus recruitment, with an average starting salary of about 400,000 rupees (US$8,810) a year, considered reasonably good by Indian standards.

“We thought the starting salary would be low. We had this feeling because last year was very bad,” he said.

With the government pledging to spend US$1 trillion on improving infrastructure in the next five years, civil engineers are in high demand.

Hiring is up in other sectors as well.

Forbes magazine has placed India ahead of China as the best country to look to for new jobs next year, with 42 percent of employers surveyed looking to increase their company’s head count in the first quarter of next year. The figure for China is 40 percent.

According to a poll by human resource company Manpower Services India, two out of every five employers in India intend to hire over the next three months, in sectors like manufacturing, finance, insurance, real estate, mining and construction, as well as wholesale and retail trade.

This, said the poll, was the strongest hiring intent that Indian companies have shown since the 2008 economic downturn, and also the strongest globally.

Said Manpower Services India’s head of organizational learning and marketing Namr Kishore: “In India, all the sectors are witnessing a positive hiring trend … some of the key highlights of the latest survey are that the services and manufacturing sectors are growing. In services, telecommunications and IT is where the action is taking place. Business process outsourcing is also back hiring.”

According to the company, hiring in the services sector is set to grow by 10 percent over the first quarter of next year, while 13 percent growth is the target set for the manufacturing sector.

At the Indian Institute of Technology (IIT) in Kharagpur, India’s top engineering institute, a student was reportedly hired by social networking site Facebook for an annual salary package of 7 million rupees, according to local media. Last year, the highest offer was made by the Singapore branch of British bank Barclays — 2.2 million rupees a year.

“Facebook came to the campus for the first time,” said Professor S.K. Srivastava, head of placement at the campus. He added that this year, students were getting 10 percent to 20 percent more compared to last year. “Placements are much better than the last two years. Generally, there are opportunities in every sector.”

For the other IIT universities all over India, the total number of placements has increased by between 15 percent and 20 percent on average. Over at the Indian Institute of Management in Ahmedabad — the top management school in the country — a placement fair to secure jobs for its students was conducted overseas for the first time this year — in Singapore.

Said Professor Saral Mukherjee, chairman of placement at the institution: “We chose Singapore as the diversity and quality of recruiters (who will hire our students) are more important to us. Singapore’s economy is growing and we have a large alumni base there.”

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