· 30% of the companies will be recruiting with a specific intention of countering the threat from startups in their industry
· 60% of companies will be hiring more women; 40% to hire candidates in the experience range of 2 to 5 years
· 30% recruiters expect IT sector to see the largest hiring this year; 60% believe compensation rising at the junior and middle levels
“Millennial hiring is expected to proceed aggressively with the creation of a multitude of openings for new age technologies in the IT and Technology sectors. Sectors such as Manufacturing, ITeS, Transport, and Hospitality, which saw a fall in hiring in 2017, are also expected to make a partial recovery this year.”
Founder & CEO
With recruitment seeing a steady rise in the last quarter of the preceding year, the recruitment market appears to be well on the way to recovering from the recession it faced in the first half of 2017. Wisdomjobs.com,one of India’s leading end to end online recruitment and career solutions portals, released a Report “Hiring Pattern and Compensation Analysis in 2018”.Wisdomjobs.com surveyed 140 companies and 350+ recruiters operating in 10 sectors namely IT, Retail, Hospitality, FMCG, Healthcare, Automobiles, Infrastructure, Education, ITeS, and BFSI to understand their hiring intentions. The markets covered under this survey are Hyderabad, Bangalore, Mumbai, Chennai, Pune, Delhi, Kolkata and Ahmedabad.
With the industry managing to ride out the impacts of demonetization, the revision in H1B regulations, and the implementation of GST, the sentiments are positive w.r.t hiring activity in 2018. Sectors like Agriculture, Education and Healthcare sectors, which saw healthy hiring trends in 2017, are expected to continue growing steadily.
As companies try hard to retain existing talent, they will invest more on their skill development, upskilling, and training. Several companies are upskilling their workforces by hiring laterally while others are focusing on hiring fresher talent and training them to acquire new, in-demand skills.