Following the positive response from the growing Indian economy, the job market has also turned favorable, as 76% of companies are looking to upsurge headcount in next twelve months, suggested recently published reports.
A magazine, Michael Page’s 2015-16 India Salary and Employment Outlook in its recent publication revealed that “About 76 per cent companies surveyed said they expect to increase headcount in the next 12 months as the Indian economy is at its escalating growth trajectory.” It surveyed nearly 240 employers scaling from MNCs to SMEs of major sectors.
Michael Page India Senior MD Sebastian Hampartzoumian, while interacting with media agency said “Our specialist approach with dedicated teams of recruitment professionals, combined with expert commentary drawn from our extensive involvement with senior executives, gives us an in-depth perspective into each industry sector. Overall, the Indian market continues to grow, with strong confidence bolstered by high levels of investment.”
A prospective candidate’s decision to accept a new role is usually inclined by brand reputation, career progression and overseas opportunity; he further added that “Futuristic specifically expects a clear path of career progression, which includes breaks for development overseas and promotion.”
In the continued interaction with media agency he pointed out that “A favorable online presence, especially on social media platforms, will help accelerate talent acquisition as Indian employees further heighten their engagement levels online.”
“There has been a distinct move towards aptitude-based hiring. Hiring managers are now evaluating candidates purely on their own merit and abilities, regardless of how their experience stacks up, which is very uncharacteristic and does not align with traditional hiring practices in India,” added Sebastian.
The reports further revealed that growing sectors like E-Commerce, Healthcare and Infrastructure has infested market with the required enthusiasm. Now the companies have shifted their focus on retaining high-performing employees with exorbitant counter offers to omit talent loss.
According to the report, more than 60% of respondents use ‘recognition and rewards’ method to retain its top talents. It also discovered that around 61% employer offers flexible working hours, to facilitate balance between work and personal life. In addition to this, about 62% employers have agreed to provide 10-15% hike in salary by the next twelve months.
