Survey predicts job surge in 2011
27 Jan 2011
The economic recession seems to have abated, and businesses are more keen to hire people in 2011 than in the past two years, a sentiment that is reflected in a survey conducted by online job portal, Naukri.com, that polled around 1,000+ recruiters across India.
According to the survey, 80 per cent recruiters predict addition of new jobs, 36 per cent expect replacement hiring and only 2 per cent of them anticipated layoffs, signaling a change in sentiment over the last two years.
A similar survey in Jul-09 saw only 45 per cent recruiters anticipating new jobs to be created while in Jul-10 the number grew to 73 per cent indicating change in the outlook.
Ambarish Raghuvanshi, chief financial officer, Info Edge, said, ''Employers have begun recruiting at a steady pace in the first half of 2011 as indicated by high confidence levels. The survey findings also suggest a buoyant employment scenario and jobseekers can therefore look forward to a favourable year ahead.''
Increments:
The survey also queried on the range of increments that organisations will give out to employees in 2011.
- 34 per cent of the recruiters surveyed said that the range of increments will be between 10 per cent and 15 per cent.
- 29 per cent said that the range will be between 15 per cent and 20 per cent.
- 14 per cent said increments to be 20 per cent and more.
This ties in with the talent crunch which seems to be a feature employers in India are grappling with, the company said in a statement.
Experience levels vis a vis jobs
When recruiters were questioned on which experience levels will witness maximum hiring, 42 per cent of them said 4 - 8 years and 38 per cent recruiters said that it would be within 1- 3 years. 9 per cent of them voted for 8 - 15 years and an equal percentage said that jobs would be created for freshers.
Talent Crunch
The widening gap between demand and supply for the talent workers has become a major cause of worry. 58 per cent of recruiters who took the survey said that they face a talent crunch during hiring their employees. Among these recruiters, 42 per cent said that maximum talent crunch was witnessed in the 4-8 years experience bracket.
Naukri Hiring Outlook survey is a half-yearly survey, which is sent out to the registered clients of Naukri.com.
