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Hiring in private insurance may increase in FY14

If the global economic conditions improve, the hiring would increase to around 50%

July 30, 2013 4:03 IST | India Infoline News Service
Hiring in insurance will rise to around 30% from last year as more investments are likely to come in this sector, according to GlobalHunt managing director Sunil Goel.

If the global economic conditions improve, the hiring would increase to around 50%, he added.

Major insurance companies are also looking at more business in India, Goel further said.

According to TeamLease Services Senior Vice President Surabhi Mathur-Gandhi, hiring is better than last year. However, hiring will continue on the context of attrition and there may be a drop of 5% to 10% this year.

Attrition is very high at sales executive level and hiring is mainly done as replacement, HDFC Life Senior Executive Vice President Rajendra Ghag echoed the same view.

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