Job market in 2016, expectations in 2017
The year 2016 saw a steady increase in hiring, but ended with continued talent shortage, albeit lesser compared to last year. A look at how the job market fared and the expectations from 2017
2016 started with a very bullish hiring outlook by employers in India. 70 percent organizations had proposed to increase hiring across all levels in 2016, according to the Aon Hewitt Decoding Hiring Trends Study 2015. When compared globally, India also had the most positive hiring outlook (at 41 percent) in the last quarter of 2015, as reported by the ManpowerGroup Employment Outlook Survey. It was the strong performance trends in 2015 that laid down the expectations from 2016. We look at some of the key macro-industry trends from 2015 that shaped 2016. Only 2 in 10 employers adopted recruiting strategies for utilizing previously untapped talent pools at the end of 2015 Rewind: What we thought was in store? Talent shortage – Creating an imbalance Although there was an increase in demand, it was met by an almost equal increase in talent shortage, somehow creating an imbalance between the demand and supply of talent. ManpowerGroup’s Talent Shortage Survey, 2015 revealed ...
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