Up is the way: Recent reports on recruitment and retention in India
Job seekers can now heave a sigh of relief as recent reports by Antal Global Snapshot and TimesJobs on the recruitment trends show a rise in demand for professionals across various sectors.
TimesJobs’ report, RecruiteX, indicated an 11 per cent increase in entry-level opportunities. The report highlights that there is a 2% rise in talent demand this year. Even though the number is small, this development can largely be taken as a positive if compared to last year’s double digit dip in the demand. The report also stated that the demand for skilled professional has risen in metros except for Delhi NCR – Chennai tops the list by showing 16% rise in demand during October 2015.
RecruiteX also indicates an impressive rise in the number of entry-level (0-2 years of experience) job opportunities. The demand for talent in the technology segment especially engineers has increased by 9% after recording a two-month low. "Hi-Tech skills and the burgeoning tech-based entrepreneurial spirit are the new growth engines of the Indian economy. Initiatives like Digital India, Smart Cities, Make in India, etc. when coupled with easy availability of capital and improved networking infrastructure are creating unforeseen opportunities and changing the economy. The job-markets are reflecting this economic paradigm shift." said Vivek Madhukar, COO, TimesJobs.com.
Antal International’s report on India’s hiring trend too reassures jobseekers about opportunities in the pipeline. The report was generated after evaluating the data from over 9500 organizations worldwide in 30 countries. A total of 9,570 organizations were asked if they are hiring or planning to hire talent. They were also asked if they are planning to downsize their workforce or planning to do so in the coming months.
A total of 2,292 companies in India participated in the survey and it found out that around 63 per cent of the organizations are hiring more employees and the numbers from last year have rose by 10 per cent which is a strong indication that the demand for qualified professionals has upped significantly. Joseph Devasia, Managing Director Antal International, India sharing his views on this development said "The 18th AGS, which discovers hiring trends across global markets shows that in India, consumer focused industries led by ecommerce companies (74% of those surveyed) are leading the hiring march, and will continue to do so in the next quarter too. However Education, Pharma, ITES and Consumer Electronics also have showed strong growth and hiring outlooks remain high."
The numbers stated in the above two reports echo with the developments Michael Page’s report on recruitment and retentions which surveyed a total of 240 employers from different sectors in India. Even though the GDP witnessed a slump during Q3, majority of the companies are exhibiting optimism with their recruiting strategies.