The hiring outlook survey from the leading job portal Naukri.com revealed that 51% of recruiters indicated both new and replacement hiring in their organisations. The appetite for hiring is up as 32% recruiters confirm that they would be hiring for new jobs.
Recruiters who indicated that hiring was on hold was at 5% compared to 11% in a similar survey conducted in September.
Many businesses were impacted during the pandemic and as a result, job security was threatened across multiple sectors.
However, only 1% recruiters indicated lay-offs in their organisation compared to 36% in the earlier survey.
“Hiring outlook showcases an upbeat sentiment amongst the recruiters and consultants,” said Pawan Goyal, Chief Business Officer, Naukri.com. “Employers are also positive about extending increments to their employees. This is a strong indicator that businesses are moving towards actioning their growth plans and not just survival or business continuity strategies,” he added. “With digitization being the key priority across companies, it is encouraging to see the IT sector lead hiring in the coming months.”
Naukri Hiring Outlook is a bi-annual survey that represents recruiters’ hiring outlook for the next six months. The survey saw participation from over 1384 recruiters and consultants across the country.
Almost 40% of the recruiters expect hiring to go back to pre-pandemic levels in the next three months itself which is in contrast with the sentiments from an earlier survey wherein only 20% recruiters expected hiring to return to normalcy within three months.
Given the boost to digitisation, IT roles remain the most in-demand with 50% of recruiters indicating strong hiring in this segment. Roles in marketing and business development are also gaining traction with almost 38% recruiters expressing intent to hire for these roles.
From an experience standpoint, recruiters expect to hire the most in the experience bracket of 3-5 years, according to the survey.
Normalcy on the horizon is foreseen as employers have a positive outlook to extend increments to their employees. Nearly 27% recruiters plan to rollout increments greater than 15% in their respective organisations while the most opted for increment bracket is 5%-10% as per 35% of the recruiters.
Many jobseekers were unsure of switching during the pandemic but as markets have stabilised, one-third recruiters expect attrition in the range of 10% – 20%, while another 7% foresee attrition levels greater than 20%. The bulk of this is expected from employees with 1-5 years of experience. Given a surge in demand, IT roles can also witness higher attrition.
With the jobs market back to its hiring ways, recruiters have predicted that retaining and attracting skilled employees will be a challenge in the coming six months. Aligning with that, 45% recruiters are expecting an intense talent crunch and the experience band of 3-5 years is expected to be the most impacted.
Campus hiring situation is showing slow, yet steady improvement as one-third recruiters give a green signal to their hiring plans versus a 24% in the September survey.
India Inc is now moving back to office with 43% recruiters confirming the same, a significant improvement as compared to 27% recruiters in the survey done during September. Another 29% recruiters said that they would be working from home as most of them agreed that it has been equally or more productive. Rest of the recruiters are looking at a hybrid model in the future.