Reflecting the bullish sentiment across industries, companies' hiring outlook for the first two quarters of 2018 looks robust as 67 percent of recruiters polled expect new jobs to be created during the period, says a report.
According to Naukri.com's semi-annual survey, 67 percent respondents are optimistic towards the creation of new job opportunities as compared to 60 percent in July-December 2017, while 20 percent said only replacement hiring will happen over the period.
The ‘Hiring Outlook 2018’ report further noted that 52 percent recruiters are looking at hiring for the experience band of zero-three years. Around 35 percent indicate that the maximum opportunities would be for those with four-eight years of experience.
Further, 76 percent respondents in the IT industry were optimistic about job creation, construction and engineering (69 percent), banking and finance (64 percent) and automobiles (65 percent), suggesting strong hiring trend to continue in the coming months.
Looks like the job market is likely to sustain the momentum gained over the past few quarters and move further north. Good times ahead for jobseekers and they need to learn/unlearn, stay relevant and prepare them for the new jobs in the horizon.V Suresh, Chief Sales Officer, Naukri.com
On attrition, the report said 42 percent of recruiters said it is upwards of 10 percent in their respective industries.
The report noted that talent crunch was one of the major matters of concern that prevailed among the recruiters and 40 percent recruiters said it is highest among the mid-level employees with four-eight years of experience.
The ongoing optimism in the market regarding job creation and the existing talent crunch only signifies the need of upskilling and reskilling of the existing workforce, which is the need of the hour in order to stay relevant in their jobs.Report
The survey saw a strong participation of over 1,500 recruiters across industries.
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