“The sector is now witnessing between 8 and 10 new players (health insurance, general insurance, NBFCs, and banking entities). This, coupled with a depressed hiring over the last year and announcement of over one lakh vacancies in the PSU banks, is likely to fuel hiring,” says Alok Bansal, CEO, Alethia Education Services.
Some of the private sector players such as Yes Bank, Axis Bank, ICICI, SCB are back in the market looking for young workforce. Most insurance companies are also in the fray and are changing the way they looked at hiring in the past.
Hiring talent from tier 2 and tier 3 cities is also on the rise. They believe that it will help them reach these towns easily and also help in managing attrition. New players, especially in the health insurance segment and with their aggressive targets, are likely to fuel hiring growth here.
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