A survey conducted by Naukri.com with 1000+ recruiters across India revealed a vibrant hiring scenario in the first half of 2012. However the overall optimism is lower than what it was six months ago. In Jul-11, 78 percent recruiters had predicted addition of new jobs in the second half of 2011, while this year 72 percent recruiters have said that new jobs will be created in the first half of 2012. About 4 percent recruiters have said that there will be layoffs this year and another 4percent said that there will be no hiring.
As per the survey although the overall sentiment shows that there will be positive jobs growth over the next six months, recruiters in Auto, Banking, Pharma and Construction were not as optimistic as those in the other sectors. Ambarish Raghuvanshi, Chief Financial Officer, Info Edge India said, “ Hiring intentions are determined one by the outlook for economic growth over the next six months and beyond and two by business confidence levels. Macro concerns across the board have led to a more muted outlook resulting in weaker hiring trends. Continued improvement in business optimism should lead to more momentum in hiring. A marginal drop in the indices over the last six months indicates that recruiters have factored in most of the bad news. Talented employees continue to be at a premium and finding and retaining them is a challenge for recruiters.”
In addition to these, the survey points out that more than 56 percent recruiter state that attrition in their organization is less than 10 percent. However it is interesting to note that almost 24 percent of recruiters also said that attrition levels in their organization are above 15 percent.