Upswing in 2014 hiring


Upswing in 2014 hiring. The year 2014 will see an increase in hiring activity according to a survey conducted by ‘Naukri Hiring Outlook’.

New Delhi: The year 2014 will see an increase in hiring activity according to a survey conducted by ‘Naukri Hiring Outlook’. The survey was conducted amongst 800 plus recruiters. Approximately 64 per cent of the recruiters who were surveyed indicated the creation of new jobs this year. This represents a more positive outlook in comparison to July 2013 when only 54 per cent recruiters signaled the creation of new jobs.

In contrast, replacement hiring is likely to contribute less to the overall hiring with only 30 per cent recruiters expected to engage in it in 2014 versus 54 per cent recruiters who anticipated the need for replacement hiring in second half of 2013. Layoffs too, are also expected to decrease with only two per cent recruiters anticipating them in first half of 2014 as compared to five per cent recruiters who suspected layoffs in the second half of 2013.

For the coming six months, the IT and Pharma sectors are expected to lead the job creation rally with approximately 77 per cent and 72 per cent respondents from these sectors expecting new jobs (additional positions) to be created.
Employers have indicated that the maximum number of jobs will be created for freshers and people with experience levels of one to two years with 56 per cent 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 four to eight years of experience.
The survey indicates that the increments in 2014 are expected to be at par with the 2013 levels. While approximately 70 per cent recruiters expect increments within the five per cent to 15 per cent range, the proportion within this has tilted in favour of five per cent to 10 per cent in 2014 as opposed to 10 per cent to 15 per cent in July 2013.
Hitesh Oberoi, Managing Director and CEO Infoedge (India) Ltd said, “There is buoyancy in the job market in India in first half of 2014. Since 2014 is an election year, we expect companies to recalibrate their hiring plans post elections. There are bright spots like IT and Pharma which continue to report strong outlook. On the whole, we expect 2014 to be better than 2013.”
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