IT and Pharma sectors to lead the Jobs Rally

For the coming six months, the IT and Pharma sectors  are expected to lead the job creation rally with approximately 77 percent and 72 percent respondents from these sectors expecting new jobs (additional positions) to be created.

Buoyancy in hiring activity for Freshers and Entry level employees

The coming year should see freshers stealing the limelight. Employers have indicated that the maximum number of jobs will be created for freshers and people with experience levels of 1-2 years with 56 percent of recruiters expecting to hire professionals in this experience bracket. This is in contrast to the July 2013 survey in which maximum numbers of jobs were created for professionals with 4-8 years of experience.

Overall sentiment pertaining to increments remains the same; but talent will be at a premium

The Naukri Hiring Outlook indicates that the increments in 2014 are expected to be at par with the 2013 levels. While approximately 70 percent recruiters expect increments within the 5 percent-15 percent range, the proportion within this has tilted in favour of 5 Pct-10 Pct in 2014 as opposed to 10 Pct-15 Pct in July 2013.

The survey also revealed that the recruiters faced a greater talent crunch in the second half of 2013 with approximately 74 percent of recruiters citing this as a concern versus 55 percent in the first half of 2013.  The problem was more severe when hiring for mid level employees in the experience bracket of 4-8 years. Approximately 43 percent of recruiters found it a challenge to hiring employees with 4-8 years of experience compared with 29 percent of recruiters who opined that it is difficult to find talent in the 1-3 years of experience level.  We thus expect more retention efforts at that level and thus more jobs being created at a relatively junior level.
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