According to the report, only 2 per cent of the companies surveyed believe that that there will be layoffs this fiscal year and only 5 per cent said there will be no hiring.

When companies were asked on what experience band they would expect for hiring, about 41 per cent said 4-8 years and 30 per cent within 1-3 years.

About 14 per cent felt it would be in the experience band of 8-15 years and 14 per cent felt jobs would be created for 'freshers' or new entrants.

The survey further said 33 per cent companies feel that the maximum talent crunch was witnessed in the 4-8 year experience bands.

The sectors like construction and engineering, manufacturing and pharmacy and medical industries will face difficulties while hiring this year.

On attrition, which has long been an area of concern for organisations, 38 per cent say that anticipated rate of it will range in between 5 and 10 per cent in view of optimistic job market scenario in the country during the current financial year.

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