Massive number of jobs coming in India, this is the sector; are you in it?

With the general elections 2019 approaching, jobs creation is a phrase that has acquired tremendous traction. It is one area of the  economy that can send all the good news that the nation craves for. While a number of segments of the economy are taking big strides, this particular one is primed to explode. And that is the auto sector. The R&D segment in the auto industry is likely to witness a boom as far as job opportunities are concerned because this sector is all set to see a big hiring boost in FY 2018-19. The auto industry will see an increase of about 8-12 per cent in hiring numbers compared to last year, said an Economic Times Report, quoting recent study done by HR solutions provider, PeopleStrong.
 
According to the report, majority of this hiring will take place in the R&D segment of the auto industry, wherein the focus would be in the areas of design, engine and fuel. This particular segment is likely to see a rise of about 12-15 per cent, compared to the last year’s numbers. 
 
The news on the jobs creation front is even more exciting for the youth The hiring for these roles is reportedly happening for segments requiring new age talent and skills, as the focus is now on electric vehicles. A move that will have transformational effect on all aspects of life. 
 
“The R&D sector of the auto industry seems to be on a hiring boost, especially for roles that require an individual to be equipped with differentiated skills. Since these skills are niche, there has been about a 15 per cent increase in the average compensation that is being offered to R&D roles,” Shailesh Singh, VP & Head- Recruitment Business, PeopleStrong, told Economic Times.
 
The hiring increase in manufacturing and sales marketing roles is not expected much and it may remain in the range of 8 to 10 per cent, said the report, adding that almost 50 per cent of this hiring would tap the experience range of 1-10 years.
 
“With the kind of push that the government is putting on infrastructural development, the commercial vehicle segment would catch up in the next 8-12 months. However, in this segment the hiring would primarily be driven by Manufacturing and Sales and Marketing roles. While there will be jobs in the R&D roles as well, this number would not be significant,” Singh told ET.

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This year, passenger vehicle segment is also to witness this trend in comparison to hiring activity in commercial vehicles in this year.