January 1 2011
A survey conducted of 1000+ recruiters across India by Naukri.com revealed a buoyant hiring scenario in the first half of 2011. 80% recruiters predict addition of new jobs, 36% expect replacement hiring and only 2% of them anticipated layoffs.
The overall sentiment has witnessed a change over the last two years. A similar survey in Jul-09 saw only 45% recruiters anticipating new jobs to be created. In Jul-10 the number grew to 73% indicating change in the outlook. 2011 has further brightened the employment picture in the country.
Ambarish Raghuvanshi, Chief Financial Officer, Info Edge said, “Employers have begun recruiting at a steady pace in the first half of 2011 as indicated by high confidence levels. The survey findings also suggest a buoyant employment scenario and jobseekers can therefore look forward to a favourable year ahead.”
Increments:
The survey also queried on the range of increments that organizations will give out to employees in 2011. 34 % of the recruiters surveyed said that the range of increments will be between 10% and 15%. 29% said that the range will be between 15% and 20% and 14% said increments to be 20% and more. This ties in with the talent crunch which seems to be a feature employers in India are grappling with.
Experience levels vis a vis jobs:
When recruiters were questioned on which experience levels will witness maximum hiring, 42% of them said 4-8years and 38% recruiters said that it would be within 1- 3 years. 9% of them voted for 8-15 years and an equal percentage said that jobs would be created for freshers.
Talent Crunch
The widening gap between demand and supply for the talent workers has become a major cause of worry. 58% of recruiters who took the survey said that they face a talent crunch during hiring their employees. Among these recruiters, 42% said that maximum talent crunch was witnessed in the 4-8years experience bracket.
Therefore, the survey indicates a positive employment scenario with hiring picking up across all sectors. Further, the continuous upward movement of the Naukri Job Speak index over the last few months also instills confidence.
Methodology: The Naukri Hiring Outlook survey is a half-yearly survey which is sent out to the registered clients of Naukri.com. This is an e-mail survey and the results are compiled using statistical and analytical techniques.
Too see previous survey results: Click Here!
About Naukri.com
Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen continued growth while outperforming its competitors in every sphere. Info Edge is the first internet Company to be listed in India.Naukri.com is a recruitment platform that provides hiring-related services to corporates/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and recruiter branding solutions on the site. With 200000 jobs live at any point, Naukri.com serviced over 35500 corporate clients in 2009-2010.
The company has over 1700 people operating through 49 offices in 32 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
Hiring Outlook for the year 2010010
A survey conducted among recruiters across India forecasts an optimistic and vibrant employment picture for the year 2010. Over 70% recruiters in IT, ITeS, Auto, Telecom, Banking and Pharma predict that the hiring will be robust in 2010 and 82% recruiters say that professionals with 1 to 8 years experience will be in demand. There has been a distinct change in sentiment over the last six months. A similar survey conducted in July '09 revealed that only 45% recruiters had predicted creation of new jobs as compared to 72% this time.
Sumeet Singh, National Head- Marketing and Communications, Info Edge said, "Hiring expectations and business sentiment of recruiters across industry sectors have improved considerably, and job seekers can look forward to a favourable hiring environment all through the year."
Hiring optimism is strongest in the IT and BPO sectors where out of the 257 recruiters who took the survey, 80% indicated that new jobs will be created and almost 70% employers predicted that the range of increments will be between 5 to 20%. Recruiters in the Construction and Engineering sectors have also been very positive with 73% saying new jobs will be created, 56% predicting that jobs will be created in the 4 to 8 years experience bands and 68% foreseeing increments in 2010.
While 53% of employers in the Telecom sector indicated that increments may be dependent on market conditions 57% of them said that new jobs will be created in the year 2010. Overall, a sectoral analysis clearly indicates an optimistic hiring trend across industries.
About Naukri.com
Naukri.com, India's No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen sustained growth. Info Edge completed a successful IPO in November 2006 and remains the only listed listed Internet Company in India.
Naukri.com is a recruitment platform that provides hiring-related services to corporates/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and branding solutions on the site. With 2,00,000 jobs live at any point, Naukri.com serviced over 34000 corporate clients in 2008-2009.
The company has over 1400 people operating through 54 offices in 37 cities in India and overseas offices in Dubai, Riyadh and Bahrain.
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