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Companies to ramp up hiring by 25% in 2018, says report

Companies to ramp up hiring by 25% in 2018, says report
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Mettl, one of India’s largest and fastest growing assessment and skill-measurement companies, announces the launch of the first edition of its report, ...

New Delhi: Mettl, one of India’s largest and fastest growing assessment and skill-measurement companies, announces the launch of the first edition of its report, ‘State of Talent Acquisition in India 2018’.

1. The report comprises a detailed explanation and analysis of the feedback taken from 1,860+ business heads and HR leaders across five major industries
2. Suggest companies to develop a blended approach to talent management and recruitment in order to aid the job market’s growth

The report offers a lucid explanation of the challenges ahead on the basis of the feedback taken from 1,860+ business heads and HR leaders across five major industries in a fiercely changing digital, economic, demographic, and social landscape. The survey report talks about the challenges being faced by talent acquisition professionals, the pace of technological and marketplace changes, along with the increase in the demand for new skill sets and new job roles in the years ahead.

The key findings from the survey are
1. 85.7 per cent of the senior business leaders from top 5 sectors including Pharma, IT, Banking, Manufacturing and Retails feel that ‘Talent Acquisition’ will remain a pertinent challenge for them in 2018.
2. 76.3 per cent of organisations expect to have an increased recruitment volume this year compared to 64.5 per cent last year.
3. 87.6 per cent organisations will have an increased hiring budget this year, up from 67.8 per cent last year
4. Banking (100 per cent) and IT (87 per cent) sectors feel the need for a highly skilled and stable talent pool, and aptly skilled workforce, and thus, moving away from meeting basic needs to addressing different priorities
5. Companies will use social media the most for recruiting (36.17%) candidates this year, followed by other channels such as external recruiting/job fairs, campus recruitments (23.84%) and talent sourcing firms (18.64%).
Ketan Kapoor, CEO and Co-founder, Mettl said, “Organisations, today, are moving away from the basic requirement of hiring people to focusing on different needs and priorities.

In view of the current hiring trends across India, it was an obvious choice for us to come up with a research report addressing various issues in an incredibly competitive talent acquisition environment.”

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