Manufacturing, engineering firms up hiring from smaller cities
August 20th, 2011 - 7:24 pm ICT by IANSNew Delhi, Aug 20 (IANS) Companies, especially from manufacturing and engineering sectors are increasingly hiring people from smaller cities to minimise costs and reduce attrition rate, a survey revealed Saturday.
Manufacturing and engineering sector is leading with 31 percent total hiring from Tier-II and Tier-III cities, followed by retail sector at 23 percent, and insurance, banking and other financial services at 19 percent, said the survey conduced by recruitment consultancy firm MyHiringClub.com.
“Tier-II and Tier-III cities are witnessing the growth in recruitment activity compared to metro cities,” Rajesh Kumar, chief executive officer and founder of MyHiringClub.com, said in the report.
Kumar said companies are hiring an increasing number of people from smaller cities because they were available to work on lower salary and attrition rate among the employees from smaller cities was also low.
“The meditative reason to hire from these cities is raising salaries and high attrition experienced from hiring in metros,” he said.
In the first six months of the year, manufacturing and engineering sector witnessed 14 and 11 percent growth in hiring respectively, Kumar said.
The survey was conducted between mid-July to mid-August. Some 321 employees and 769 recruitment consultants from 12 industry segments participated in the survey.
Of the total firms surveyed, 47 percent hired new people from Tier-II cities in the first half of the year, while 28 percent hired from Tier-III cities.
- Ranchi tops tier-III cities in creating jobs in Q4: Report - Mar 21, 2011
- Hiring up in India economy in April-June - Jul 09, 2011
- Campus recruitment up 32 percent in April-June quarter - Jul 25, 2011
- Companies rely on employee referral for hiring - Aug 31, 2011
- Salman, Sonakshi most searched Indian celebrities on web - Apr 14, 2011
- International hotel chains make a beeline to India - Feb 12, 2012
- Hiring picks up on positive growth outlook - Jul 02, 2011
- Companies to pay more, step up hiring in 2011: Survey - Jul 11, 2011
- Social networking sites drive Hidesign to tier-II cities - Mar 10, 2011
- Best Western to set up 66 hotels in India - Jan 06, 2012
- Hiring to increase in October-December quarter - Sep 17, 2011
- NRI IT professionals move back to India - Jul 30, 2011
- Now, book and pay for Air India tickets from your mobile - Mar 20, 2012
- SpiceJet links Thiruvananthapuram to Hyderabad, Chennai - Oct 07, 2011
- New Zealand keen to partner India in aviation development - Mar 20, 2012
Tags: attrition rate, chief executive officer, engineering firms, financial services, industry segments, insurance, manufacturing engineering, metro cities, months of the year, New Delhi, recruitment activity, recruitment consultancy firm, recruitment consultants, retail sector, salaries, salary, sectors, six months, tier ii