Hyderabad to be a favourable market for job seekers in 2018

In  spite of concerns of job losses in IT sector, Hyderabad is expected to  emerge as a promising city for job seekers over the next six months.

Published: 16th December 2017 11:21 PM  |   Last Updated: 17th December 2017 07:57 AM   |  A+A-

Express News Service

HYDERABAD : In  spite of concerns of job losses in IT sector, Hyderabad is expected to  emerge as a promising city for job seekers over the next six months. Strong  presence of IT companies, proactive steps by government in placing the city as an attractive destination for big companies across sectors and  robust infrastructure are leading to new jobs creation.

“New jobs in IT firms present in Hyderabad are being filled by people from all over India and as the  more and more people move to city, it also creates jobs in realty,  retail, e-commerce and others,” said Ramesh  Loganathan, past president of Hyderabad Software Enterprises Association  (HYSEA) commenting on the job market.

He added, “Jobs in middle level are definitely a  challenge. But at entry level and for those who have expertise in at  least one skill set, job market will be positive. Just going by trend of  new companies entering Hyderabad and the expansion being done by  existing companies in the city, proves that new jobs are being created.  Even the placements season will be good in 2018.” 

According to real estate consulting agency, Colliers International  India, Hyderabad office market has witnessed a gross absorption of 3.32  million sq ft (year-to-date September 2017), driven by expansion of large scale  technology companies in the year. The fact that the city is witnessing upcoming  construction of about 25 million sq ft of office  spaces that is likely to increase the total office stock in the city to about 45 percent by 2020 points that the job market is going to favourable  in next year.

“Availability of talent,  favourable social and governance factors are making Hyderabad a target destination for most companies. Already globally reputed companies like  Microsoft, Google, Amazon are present in the city and even startup scene is buzzing. This will ensure that the city will witness 10 to 15  percent job growth in 2018.  While there might not be much increase in  jobs in IT industry, sectors like e-commerce, logistics, finance,  fintech, retail will create new jobs in considerable number,” said  Sudeep Kumar Sen, Assistant Vice President, TeamLease Services.

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