Hiring Activity to Grow in India by 10% to 15% in 2017

December 22, 20168:35 am684 views

The year 2017 is bringing good news for job seekers, with an expected 10-15 percent rise in hiring activity as reported, by over 2000 employers across India Inc. in the TimesJobs.com Job Outlook Survey 2016-17.

This points towards a cheerful year for the hiring industry, as employers’ expectations are greater than what they were last year. In the TimesJobs Job Outlook Survey last year (2015-16) employers had anticipated a lower 5-10 percent rise in hiring, while now they are upbeat about seeing a 10-15 percent rise in 2017.

“There is a clear paradigm shift in the Indian Economy, with the support of the government’s efforts and focus on IT, entrepreneurship and manufacturing, India Inc. is steering itself for strong growth that is seen to be impacting job growth and employment in the country next year,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

IT, telecom, healthcare and manufacturing sectors to be the top employment creators

In the TimesJobs.com Job Outlook Survey 2016-17, 30 percent organisations felt that the IT and telecom sectors will hire the biggest numbers, 20 percent said the healthcare sector and 15 percent said manufacturing will be the top employment generator. Another 15 percent voted for automobile and 10 percent for infrastructure and retail sectors.

Wanted Women Professionals

The focus on gender diversity will continue to take shape in 2017, as highlighted by India Inc. in the TimesJobs.com Job Outlook 2016-17 survey. Over 70 percent organisations plan to increase the ratio of women in their workforce.

There is a significant 10 percent rise in employer expectations as compared to that in 2016, thus showing a heightened awareness of the gender diversity challenge faced by India Inc.

About 60 percent employers foresee a higher demand for women professionals at the middle level positions, 20 percent see maximum hires at the entry level while another 20 percent say they will hire women professional for CXO level leadership roles in 2017.

See: India Sees 53% Increase in New Analytics Job Openings in 2016

Techies to rule the Job Market

Nearly 25 percent of organisations voted that IT would be the most sought after profile, followed by another 20 percent organisations that feel the demand for sales, business development professionals and research and development profiles will rise considerably in 2017.

About 15 percent organisations said, they expect marketing and advertising professionals to see maximum demand in 2017.

Mid-Level Managers are back in Demand

The most optimistic hiring expectations are for middle level professionals, according to the TimesJobs.com Job Outlook Survey 2016-17. The study reveals professionals with 5-10 years of experience will see the maximum demand across sectors.

Nearly 30 percent of the organizations surveyed stated mid-level managers with 5-10 years of experience would be most sought after in 2017. About 20 percent employers see greater demand for young professionals with less than 2 years of experience in 2017, while 15 percent said experienced professionals with 10-20 years of experience will be most in demand.

Metros are the Hottest Job Destinations

While positive hiring activity is being reported in Tier I cities and state capitals, the major metros will continue to be the top job hubs in 2017. Nearly 45 percent organisations state that jobs opportunities will be maximum in metro cities, including, Delhi-NCR, Mumbai, Bengaluru and Chennai while 40 percent see a rise in employment opportunities in Tier I locations.

Also read: Implementation of GST Will Create Jobs and Promote Increase in Hiring by 11% in India

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