Info Edge (India) Limited
B - 8, Sector - 132
Noida - 201304
Phone: +91-120-4841100, +91-120-3082000
Info Edge (India) Limited
A-88, Sector -2,
August 2 2011
A survey conducted by Naukri.com with 950+ recruiters across India revealed an optimistic hiring scenario in the second half of 2011. 78% recruiters predict addition of new jobs and only 2% anticipate layoffs.
The Naukri Hiring Outlook survey is conducted twice a year to gauge the hiring trends across sectors. This gives a clear perspective about the employment opportunities in the market and throws light on increments, job opportunities and attrition levels.
The overall sentiment shows that hiring activity will continue to move at a brisk pace over the next six months. The trend for the current survey is in line with the sentiment expressed six months back.
Ambarish Raghuvanshi, Chief Financial Officer, Info Edge said, “Employers began recruiting at a steady pace in the first half of 2011 and confidence levels were high. The survey findings indicate sustainable new job opportunities in the remainder of the year and job seekers can look forward to a favourable hiring environment. However trend, as always will be indexed to growth and business confidence levels”.
Attrition has always been an area of concern for recruiters. More than 60% recruiters said that attrition in their organization is less than 10%. However it is interesting to note that almost 20% of recruiters also said that attrition levels in their organization is above 20%.
The survey also revealed the increments organizations gave out to their employees in 2011. 32 % of the recruiters surveyed said that the range of increments was between 10% and 15%. This is in line with what recruiters had predicted in Jan 2011 where 34% had said that they will give increments within the range of 10% and 15%. 31% said that the range was between 15% and 20% and 18% said increments were within the range of 5% and 10%.
Experience levels vis a vis jobs:
When recruiters were questioned on which experience levels will they witness maximum hiring 60% of them said 4-8years and 50% recruiters said that it would be within 1- 3 years. 22% of them opted for
8-15 years and 20% said that jobs would be created for freshers.
The widening gap between demand and supply for the talent workers has become a major cause of worry. 61% of recruiters who took the survey said that they face a talent crunch during hiring their employees. Among these recruiters, 41% said that maximum talent crunch was witnessed in the 4-8years experience bracket.
Therefore, the survey indicates a positive employment scenario with hiring picking up at steady pace.
Methodology: The Naukri Hiring Outlook survey is a half-yearly survey which is sent out to the registered clients of Naukri.com. This is an e-mail survey and the results are compiled using statistical and analytical techniques.
Too see previous survey results: http://w10.naukri.com/mailers/recruiter/HiringOutlook/29july10.pdf
Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen continued growth while outperforming its competitors in every sphere. Info Edge is the first internet Company to be listed in India.Naukri.com is a recruitment platform that provides hiring-related services to corporates/ recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and recruiter branding solutions on the site. With 200000 jobs live at any point, Naukri.com serviced over 42000 corporate clients in 2010-2011.
The company has over 1700 people operating through 53 offices in 45 cities in India and overseas offices in Abu dhabi, Dubai, Riyadh and Bahrain.
Press Release August 2011
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