Prediction of new jobs to be created in the market has opened new doors of hope in the life of job seekers. According to Naukri’s Hiring Outlook survey 2016, about 77% of recruiters are foreseeing an influx of new jobs in the coming months. Among all the sectors, IT-Software emerged as a strong contender with 24% of recruiters predicting plethora of job creation to happen in this industry. The next in the league are ITES and Retail sectors with 15% and 11% of recruiters anticipating new job creation.
A majority of the polled recruiters around 51% said that most new jobs would get created in the middle management level. This is a transition from the earlier trend when most recruiters envisioned maximum job creation at the entry level.
There is also an optimistic estimation of reduction in attrition rates by 32% of respondents.
Although this huge usher of jobs in the market looks promising in terms of opportunities and growth, there is a big concern among the recruiter community about the availability of deserving job seekers to fill in the new vacancies being created causing a talent crunch. 32% felt that talent crunch will become worse in the coming months with the rising jobs whereas 46% of recruiters felt that the situation will remain unchanged.
The Hiring Outlook survey also dived into the reasons behind candidates not joining a company even after an offer has been given to them. 41% recruiters said that the sole reason behind this is candidates receiving multiple offers and finally choosing the cream of the crop. Another 25% reported that candidates back out as their current company knows how to retain talents within the organization.