Naukri.com, one of India’s premier job portals, has published the findings of its Hiring Outlook survey which depicts a very bright scenario for employment opportunities in the country between January to June 2019.
The report states, “The survey represents a very optimistic outlook for hiring in the
coming six months. The survey saw participation from 3310 recruiters across the country. 84% recruiters surveyed are anticipating an increased hiring activity which observes a 20% increase in comparison to last year.”
The report also quotes Sumeet Singh, Chief Marketing Officer, InfoEdge India Ltd., as saying, “The Hiring Outlook highlights positive hiring sentiment among the recruiter
community with both replacement hiring and new jobs creation taking place simultaneously in the first half of the year. Key industries have continued to show growth. The same has been demonstrated by the Naukri JobSpeak. The momentum gained for recruitment is likely to continue into the new year.”
The survey states that 56% of the recruiters are expecting both new job creation and replacement hiring. It says, “In the first half of the year, growth coming from both new job creation and replacement hiring are being anticipated by 56% of the recruiters while another 12% of the recruiters surveyed said only replacement hiring will take place. The industries that might drive this wave of optimism are IT, BFSI and BPO.”
Almost half of the recruiters surveyed expect recruitment to be highest in Sales & Marketing followed by IT-Software functional areas. One-fourth of the recruiters also remarked that hiring will be high in Operations, HR and Account domains. The optimism in employment opportunities is further emphasized by the fact that only 1% of the recruiters surveyed expect layoffs.
Interestingly, there’s some concern among the recruiter community about the availability of adequate talent. The report states, “42% recruiters predict that the issue of talent crunch could intensify in the next six months. Another 31% of the recruiters said that the although talent crunch will continue, the intensity would be the same as the last six months. The maximum talent crunch is expected to be in the experienced band of 3-5 years.”
On the issue of increment, one-third of the recruiters surveyed believed that increments would be anywhere between 10-15%, 15% of the recruiters expected it to be between 15-20% while 16% reported that increments would be above 20%.
Regarding the rate of attrition, that is, the rate at which employees left the organizations they worked in, the report states, “14% of the recruiters had predicted attrition between 20% – 40% in the last Hiring Outlook Survey., this has halved to 7% in the current Outlook. 50% of the recruiters surveyed maintain attrition between 5% – 15%. For those who forecasted attrition, they suggested that maximum impact would be seen in the entry-level band of 1-3 years. Recruiters foresee functional areas such as – Sales & Marketing and IT Software to have a higher rate of attrition.”
Thus, contrary to the clamour raised by Opposition Parties, employment opportunities look quite optimistic for the next 6 months. The conclusion from the Naukri.com survey is that if a person has the required talent, his chances of getting hired are much higher now than it was earlier.