Hopeful non-resident Indians (NRIs) looking to return back home may find it difficult gaining a foothold in the country as there are few takers for professionals who until now were not a part of India’s growth story.
According to a new study conducted by MyHiringClub.com & NriJobPortal.com, there are fewer jobs available for people residing out of India. Non-resident Indian (NRI) professionals hiring activity has declined by 11 per cent from the first quarter of 2011.
Last quarter, NRI professionals made up only 13 per cent of the total employees hired by India Inc, portraying a dismal picture for Indians living overseas.
The findings of the portal suggest an increasing number of NRIs are actively looking for a job in India. “The recent decline in jobs offered to NRIs coincided with an increasing number of ‘desperate’ NRIs wishing to return to their home bases. At least 25 to 30 per cent NRI professionals are desperately looking to come back to their homeland and they are continuously trying and approaching Indian employers and consultants,” said the study.
IT registered a dip of 3 per cent y-o-y or 6 per cent q-o-q but still saw the maximum number of NRIs join the sector. Of the total NRIs hired over the period, 17 per cent were absorbed by IT companies.
This was followed by pharma & healthcare at 13 per cent, which saw a decline of 8 per cent y-o-y and 8 per cent q-o-q. FMCG hired 12 per cent after witnessing a decline of 4 per cent y-o-y or 6 per cent q-o-q. Automobile & manufacturing stood at 11 per cent; a decline of 3 per cent y-o-y or 4 per cent q-o-q. Banking & financial services was at 9 per cent; a drop of 1 per cent y-o-y but did not see any change q-o-q. Telecom, with all the problems the industry is facing in the country, hired 7 per cent of the total NRIs that were employed in the country. This was a decline of 11 per cent y-o-y or 6 per cent q-o-q. Infrastructure was at 5 per cent; a decline of 1 per cent y-o-y or 6 per cent q-o-q.
Within India, Bangalore seems to be the most welcoming to NRIs as it hired 18 per cent of total NRIs employed in Q2, FY’12, followed by Hyderabad (16 per cent), Mumbai (16 per cent), Delhi / NCR (15 per cent), Chennai (13 per cent) and Kolkata (8 per cent).
Cost Control activity in India Inc and overall low hiring activity were cited as the main reasons behind the lesser number of NRI professionals being employed in the country.
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