News: Low hiring in IT sector, BFSI to witness good growth

Talent Acquisition

Low hiring in IT sector, BFSI to witness good growth

Hiring in IT sector along with consumer durables are expected to be moderate this year with 0-5% increase, while BFSI and KPO sectors are expected to be 10-15% more
Low hiring in IT sector, BFSI to witness good growth

Hiring in IT sector along with hardware, consumer goods and durables, core (Oil and Gas, Power, Steel, and Minerals etc) sectors are expected to be ‘moderate’ this year with just 0-5 percent increase as compared to last year said the report. However, the growth in hiring in the banking, financial services, insurance, KPO and ITES sectors are expected to be 10-15 per cent more this year, as per the India Hiring Intent(IHI) published as part of the India Skills Report-2018. 

IHI, which is based on a survey involving more than 120 employers across 12 industries, reported that 49 per cent employers were optimistic about conducting the hiring process this year. Of the remaining, while 25 per cent expressed that there would be no change in hiring this year, 26 per cent expressed that there would be no hiring. As per size of the companies, most negative sentiment regarding hiring was expressed by companies with 0-500 employees and 1,001-5,000 employee size.   

As per the report, the employers are keen to hire candidates with skills such as data analytics, Artificial Intelligence, virtual reality and research and development. The top three skills mentioned by the employers include—domain understanding, adaptability and positive attitude. 

 

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Topics: Talent Acquisition, #Hiring

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