After
the Lok Sabha elections, a new government will formed by next month
but till then the hiring is seeing challenging times during this
time. The job interview and hiring processes in sectors like banking,
retail and infrastructure, will gain speed after the Lok Sabha
Elections, but these have yet to translate to real offers. The job
seekers and recruiters are impatient for the government in India for
their new government policies and hope for the better future. When
the election results are out in May 16, the waiting candidates will
be interviewed to get on board. Job growth has slowed and
infrastructure projects are caused to stop making progress because it
has been said that the new government will change the growth of
companies.
AK
Agarwal, CEO, Autometers Alliance Limited, said, “One needs to
divide hiring into two categories like routine hiring for ongoing
business and hiring for future expansion and diversification. For
companies which are largely dependent on government policies, the
impact of elections may be limited on regular hiring. However, hiring
for expansion plans must be put on hold by most of the companies as
the elections are likely to throw up some unexpected results.”
Sanjay
Kapoor, Director and CEO of Iris Corporate Solutions tells, “One
such unexpected scenario was witnessed in 1977 when the Janata party
formed the government. Companies like Coke, IBM etc had to shut their
operations and leave India immediately. So I believe that companies
should be extra cautious during these times as these situations are
unpredictable.”
The
whole affect of election will improve after the result and hiring
will gain speed from June 2014.
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