India Inc is set to continue its recruitment drive with executives from the country emerging as the most optimistic in the world about hiring plans, even though jobs through outsourcing route may see a downslide.
According to international consultancy firm McKinsey, Companies across the world are mostly planning to increase their headcount in the next six months with firms planning new hirings being double of those looking for job cuts.
Besides, executives in India "remain by far the likeliest to hire," McKinsey said quoting a survey of 2,700 executives around the world.
However, job creation in low-cost countries like India could see an adverse impact of global giants' plan to hire mostly in their home countries.
Outsourcing has emerged as a major source of jobs in India in the past few years, with Companies from the western countries moving some of their operations to low-cost offshore locations.
Another survey by technology research firm Forrester showed that the US and European Companies were not satisfied with cost savings achieved through their IT-related outsourcing and might seek to bring some jobs back.
Some industry observers are still hopeful that new jobs coming through outsourcing would not come to a halt, although majority of outsourced jobs could involve new functions.
HR consultancy firm MaFoi's Associate Consultant Vansh Joshi said: "Specialised form of outsourcing like KPOs (knowledge process outsourcing) or RPOs (recruitment process outsourcing) are set for a forward march. Basic processes like voice-based processes will lose its sheen."
According to international consultancy firm McKinsey, Companies across the world are mostly planning to increase their headcount in the next six months with firms planning new hirings being double of those looking for job cuts.
Besides, executives in India "remain by far the likeliest to hire," McKinsey said quoting a survey of 2,700 executives around the world.
However, job creation in low-cost countries like India could see an adverse impact of global giants' plan to hire mostly in their home countries.
Outsourcing has emerged as a major source of jobs in India in the past few years, with Companies from the western countries moving some of their operations to low-cost offshore locations.
Another survey by technology research firm Forrester showed that the US and European Companies were not satisfied with cost savings achieved through their IT-related outsourcing and might seek to bring some jobs back.
Some industry observers are still hopeful that new jobs coming through outsourcing would not come to a halt, although majority of outsourced jobs could involve new functions.
HR consultancy firm MaFoi's Associate Consultant Vansh Joshi said: "Specialised form of outsourcing like KPOs (knowledge process outsourcing) or RPOs (recruitment process outsourcing) are set for a forward march. Basic processes like voice-based processes will lose its sheen."