Sounds like any other alluring headline making a false
promise? Well, if we are to go by The
Economic Times report and the projections of the 2015 budget, then we do
certainly have a positive job market in the making.
Believe it or leave it, but it’s always best to be
prepared. After all, when preparedness meets opportunity, you get…Lucky!
College graduates and non-graduates alike should work
on their employability skills and also their theoretical-cum-practical
knowledge to get placed successfully. The government is working towards
enabling the entry of a larger workforce into the formal job sector. In the
2014 budget, the government’s focus was skill development and positive
expectations for the job market were promoted through the Make-in-India
campaign. However, with 94% of the workforce landing jobs in the informal
sector without benefits and social security, the government was forced to modify
its labor reforms in this year’s budget. Rituparna
Chakraborty, president of the Indian Staffing Federation says that by
implementing a new five-labor code system, it will be possible to channel more
jobs in the formal sector.
Companies are geared up as always to hire the best
talent. Sectors like aviation, auto and manufacturing that were experiencing a
lull are now looking up as well. Policy reforms by the government are bound to
attract foreign investments that will further boost the job market. Additional
investments in infrastructure will bring in more jobs. The power sector will
also see a surge in manpower demand and more and more technology firms will
turn to contractual hiring. The government’s employment exchange initiatives
will also be an added impetus to the growth of the job market. Employment
exchanges in industrial clusters and educational institutions will facilitate
an improved demand-supply match.
While the country’s job market is raring to, you need
to ask yourself, are you prepared enough? Don’t just think, get prepared. Work
on your domain skills, theoretical knowledge, industry knowledge, employ-ability skills and personality until the next job opportunity knocks your door!
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