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IT, BFSI, BPO to see growth in hiring activities in next 6 months: Report

Maximum hiring could be in the experience band of 3-5 years followed by 1-3 years, the survey said

Press Trust of India  |  Mumbai 

Jobs

About 84 per cent of recruiters surveyed are anticipating an increased activities in the coming six months both new job creation and replacement categories, according to a survey.

This trend will mainly be driven by industries including IT, (banking, financial services, insurance) and BPO, according to 'Naukri Hiring Outlook 2019', a bi-annual survey.

The survey saw participation from 3,310 recruiters across the country.

"The survey highlights positive hiring sentiment among the recruiter community with both replacement hiring and new creation taking place simultaneously in the first half of the year. Key industries have continued to show growth. The momentum gained for is likely to continue into the new year," InfoEdge India chief marketing officer Sumeet Singh said.

Almost half of the recruiters who were surveyed said the hiring activities will be highest in sales and marketing followed by functional areas.

Besides these, one-fourth of the recruiters have stated that hiring will also be high in operations, human resource and accounts domains.

Maximum hiring could be in the experience band of 3-5 years followed by 1-3 years, the survey said.

The survey revealed that a dip in layoffs with only one per cent of the total recruiters anticipating retrenchment.

However, 50 per cent of the recruiters surveyed maintained attrition between 5-15 per cent, mostly in the entry level band of 1-3 years.

Recruiters expect functional areas such as - sales and marketing and Software to have higher rate of attrition, added.

There is optimism in terms of job creation, however there also exists some concern among the recruiter community about the availability of the right talent, said.

About 42 per cent recruiters predicted that the issue of talent crunch could intensify in the next six months.

While 31 per cent said the although talent crunch will continue, the intensity would be the same as the last six months.

The maximum talent crunch is expected to be in the experience band of 3-5 years, it added.

The report noted that 16 per cent of the recruiters believed that the increment would be upwards of 20 per cent, while 15 per cent of them expect it to be between 15-20 per cent.

First Published: Wed, January 23 2019. 17:11 IST
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