New Delhi (Agency): The majority of Indian companies are planning to recruit new and replacement staff during the second half of 2023, according to the Naukri Hiring Outlook Survey. This bi-annual survey, which gauges recruitment trends across the country, involved more than 1,200 recruiters and consultants.
The findings reveal that:
– 92% of recruiters expect companies to hire professionals** in various capacities.
– 47% of recruiters predicted both new and replacement hiring**, while 26% expected solely new job creation.
– Around 20% of recruiters plan to maintain their current headcount**, and only 4% foresee layoffs or downsizing during this period.
– Nearly 70% of recruiters anticipate attrition rates to remain below 15%, indicating that employees are likely to retain their current positions amid job market uncertainties.
The survey also highlights that mid-level professionals are expected to be in demand, followed by entry-level individuals. The highest attrition rates are predicted across business development, marketing, operations, and HR roles, with mid-level professionals most likely to switch jobs.
In terms of salary increments, 42% of recruiters reported that their companies provided less than a 10% increase during the last appraisal cycle, while 31% indicated a hike between 10 and 15%.
Commenting on the survey, Naukri.com’s Chief Business Officer Pawan Goyal expressed optimism for the white-collar hiring landscape in the latter half of 2023. With a significant proportion of recruiters forecasting hiring activity and a return to normal hiring practices, the survey paints a positive picture for employment opportunities in various sectors.
The recruitment plans of companies and the expected stability in attrition rates reflect a recovering and hopeful job market as businesses continue to navigate the challenges and opportunities in the post-pandemic economy.