There will be more jobs in next 6 months; this is what the report says
Hiring process in the last couple of years has been slow. However, this trend is likely to change in the six months. According to a report, replacement hiring and job creation are expected to see an uptrend in the next six months, as companies are bullish about recruitment activity in the July-December period. Statistical analysis and data mining, project management, Artificial Intelligence and machine learning are likely to see maximum hiring. IT-software, construction, BFSI and auto will lead this growth, the report suggests.
About 70 percent recruiters believe hiring activity is expected to increase in the second half of 2018, according to Naukri Hiring Outlook Survey. Hiring would take place among domains such as sales, marketing, IT and operation, more than half of the recruiters predicted.
The survey also suggests that layoffs are likely to be negligible as only 2 percent of recruiters said that they want to cut down on their workforce. It says that the pay hikes likely to see uptrend in the upcoming appraisal cycle across industries. Nearly 55 percent recruiters said average in pay hike will be 10 percent or higher.
The top performers will get a pay hike between 10 and 20 percent, 4 in 10 recruiters said, while 15 per cent of the recruiters confirmed that the increment will be up to 20 percent or higher. Talent crunch is a concern for IT, Operations Sales and Marketing, more than half the companies said and these fields are expected to see greater hiring.
Recruiters, however, are concerned about the availability of the right talent for new jobs. Talent crunch will intensify in the coming six months, this what 50 percent of the recruiters said. More than 1,500 recruiters and consultants from 15 major industries participated in the survey.