It Might Be A Rainy Season For Job Seekers
According to Naukri.com's semi-annual survey conducted on over 1,500 recruiters across industries, respondents are optimistic about the creation of new job opportunities as compared to July-December last year
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Going with the positive hiring outlook across different sectors and industries, companies' hiring outlook for the first two quarters of 2018 looks robust as 67 percent of recruiters polled expect new jobs to be created during the period, says a report by Naukri.com.
According to Naukri.com's semi-annual survey conducted on over 1,500 recruiters across industries, 67 percent respondents are optimistic about the creation of new job opportunities as compared to 60 percent in July-December last year while 20 percent said only replacement hiring will happen over the period.
The report further noted that 52 percent recruiters are looking at hiring for experience band of 0-3 years. Around 35 percent indicate that the maximum opportunities would be for those with 4-8 years of experience.
Further, 76 percent respondents in IT industry were optimistic about job creation. There were also high percentages in industries like construction and engineering (69 percent), banking and finance (64 percent) and automobiles (65 percent), suggesting strong hiring trend to continue in the coming months.
V Suresh, Chief Sales Officer, Naukri.com said, "Looks like the job market is likely to sustain the momentum gained over the past few quarters and move further north. Good times ahead for jobseekers and they need to learn/un-learn, stay relevant and prepare them for the new jobs in the horizon.”
The report noted that talent crunch was one of the major matters of concern that prevailed among the recruiters and 40 percent recruiters said it is highest among the mid-level employees with 4-8 years of experience.
The ongoing optimism in the market regarding job creation and the existing talent crunch only signifies the need of up-skilling and re-skilling of the existing workforce which is the need of the hour in order to stay relevant in their jobs.