Trends

Recruitment Trends - December 2017 Edition

Posted by:   Mahak Kewalramani Date:Dec 04, 2017

Recruitment Trends - Dec 2017 Edition
Recruitment News

Market News, Trends & Predictions 

India to see highest salary increase around Asia Pacific in 2018 at 10%, says Survey 
Salaries in India are projected to rise at 10 per cent next year. This is same as the increase in salary in 2017, according to the 2017 Salary Budget Planning Report released by advisory company Willis Towers Watson. What is positive is India's projected salary for 2018 is the highest in the Asia Pacific region. 
Source: Business Today; 9 Nov, 2017 

IT hiring to be slower for years to come: V Balakrishnan 
Hiring in Indias IT sector will be slower in future, says a senior figure in the technology field, who also did not sound optimistic about the industry achieving 7-8 per cent export growth in this fiscal. "Hiring has definitely slowed down. And automation is a big thing because three large companies have got net negative employee growth," Former Chief Financial Officer of Infosys, V Balakrishnan said. 
Source: India Today; 9 Nov, 2017 

Startups now look at stickiness as a non-negotiable requirement when it comes to hiring 
With a Nasscom-ZINNOV survey predicting India to become home to more than 10,500 startups by 2020, employing over 2,10,000 people, those interviewing for a startup job must be prepared for some tough questions on the company’s mission and vision, and how they expect to be able to contribute to its growth in the long term. 
Source: Economic Times; 14 Nov, 2017 

Telecom is reeling under mass layoffs. Casualties so far: 75,000 jobs & counting 
The telecom sector lost a fourth of its workforce, or some 75,000 employees, in the last one year as operators, tower firms and vendors consolidate to remain afloat in the severely competitive industry. Players are shutting shop, shrinking operations and shedding flab in terms of both permanent and contract employees to run a tight ship, and more exits are on the anvil. 
Source: Economic Times; 15 Nov, 2017 

Digitisation Will Create Ample High SKilled Employment Opportunities: Amitabh Kant, CEO, NITI Aayog 
The advancement in technology is going to transform the way industries operate, with the digitisation process leading to job losses, but it will also create a pool of highly skilled employment opportunities in the long run, says Amitabh Kant, CEO of Amitabh Kant. India should not miss out on the industrial revolution 4.0 and focus on manufacturing which can create various new kinds of highly paid and highly skilled jobs. 
Source: Business World; 16 Nov, 2017 

Delhi pollution: Spooked CXOs refuse job offers 
A fortnight ago, search firm BTI Consultants approached a top Bengaluru-based pharmaceutical industry executive with a job offer that included a better position, 40% increase in pay and other perks. He refused the offer. Taking up the job would have required him to relocate to Delhi, which he didn’t want to as he was alarmed by the severity of air pollution in the capital city. 
Source: Economic Times; 16 Nov, 2017 

Chief Financial Officers are taking over as CEOs 
Today, Chief Financial Officers (CFOs) are the most sought-after candidates to occupy the corner room, thanks to changed business environment and evolved role of CFOs. The number of CFOs taking on the mantle of CEO has increased 20% over the last three years, shows a survey by global executive search firm Russell Reynolds Associates. 
Source: Economic Times; 17 Nov, 2017 

Hiring by pvt sector to remain muted till March 2018: Assocham 
Prospects of fresh hiring by the private sector "do not look bright" in the remaining part of 2017-18, with wage cost control being a key priority for India Inc, Assocham said today. The focus right now is how to deleverage, consolidate, exit from non-core businesses and achieve a lean and mean balancesheet. 
Source: India Today; 19 Nov, 2017 

Saudi Arabia among most preferred destinations for Indian job seekers 
Saudi Arabia continues to be among the most preferred destinations for Indians seeking jobs abroad, resulting in the Gulf kingdom becoming among the highest sources of remittances to India, according to official data. They not only comprise blue-collar workers but a growing number of doctors, engineers, oil technologists, IT experts and other technocrats. 
Source: Business Standard; 26 Nov, 2017 

India is changing a two-decade-old policy to save its jobs from robots 
Early next year, India will have its new industrial policy which will revamp the Industrial Policy of 1991 and the previous UPA government's 2011 New Manufacturing Policy. Commerce and Industry Minister Suresh Prabhu says the draft of the policy is ready. A discussion paper released by the Department of Industrial Policy and Promotion in August this year spoke of the time to shift from a policy of ‘continuity with change’ in 1991 to radical and accelerated reforms for greater strategic engagement with the world. 
Source: Economic Times; 29 Nov, 2017



Employee News 

Stress-related disorders take toll on telecom sector workers 
The shakeout in the telecom sector amid a brutal tariff war and massive debt has claimed its fair share of victims, with companies being forced to exit or get acquired. What about the human cost? Psychiatrists and psychologists note a spurt in patients from the telecom industry over the past few months, a flow that's likely to increase further. 
Source: Economic Times; 25 Nov, 2017



Recruitment Industry 

Indian IT flexi staffing industry to see significant growth 
At a time when the information technology sector is evolving at a rapid pace, the Indian IT flexi staffing industry is expected to register 14-16 per cent growth per annum in the next few years, says a report. According to the report by Indian Staffing Federation (ISF), the Indian IT flexi staffing industry was worth USD 3.04 billion in 2016-2017 and is expected to witness significant growth till 2021 across top states and sectors of the country. 
Source: India Today; 7 Nov, 2017 

Belong introduces AI-based hiring for sales and marketing roles 
Belong, an AI-driven outbound hiring solutions provider, has introduced a first of its kind algorithm that can assist companies in hiring quality professionals for sales and marketing roles. The ranking algorithm combines contextual insights on both candidates and companies to create strong indicators of relevant, high quality talent, instead of simplistic matching of skills listed in resumes with requirements stated in job descriptions. 
Source: Economic Times; 8 Nov, 2017 

Companies cut hiring costs with in-house cells 
In a tough market environment where search firms are operating on thin margins, this may further add to their woes. Some organisations have set up in-house talent acquisition cells that operate on the same lines as external search firms. Sun Pharmaceutical Industries, Philips India and Johnson & Johnson (J&J) have already built in-house capabilities to hire executives.
Source: Times of India; 8 Nov, 2017 

Bot is the new boss: Now you will have to impress a machine to get hired 
The bots, or intelligent computer programmes, are taking over the task of carrying out the first-level of hiring, looking through resumes, deciding which candidates are suitable for the job at hand, and also conducting the first-level of interviews with candidates. Since bots increase the efficiency level of recruiters by almost 20-25 per cent, many industry experts see huge potential in this technology and expect it to develop at a much faster rate. 
Source: Economic Times; 14 Nov, 2017 

Staffing start-up Xpheno to raise $5-6 m 
Xpheno, a Bengaluru-based start-up focussing on hiring specialists in mid-level positions, plans to raise $5-6 million by January. The three major reasons for founding Xpheno were: engineering demand, diminishing of bench strength (which is going to staffing companies), and increasingly short tenure of professionals, with people changing jobs frequently at CXO levels. 
Source: Hindu Business Line; 17 Nov, 2017

 

Leadership Movements in HR & Talent Acquisition 

Ecom Express Strengthens Senior Executive Team, Appoints Saurabh Deep Singla as SVP and CHRO 
Ecom Express Private Limited, a leading end-to-end logistics solutions provider for e-commerce industry, today announced the strengthening of its executive management team with the appointment of Saurabh Deep Singla as Senior Vice President and Chief Human Resource Officer (CHRO). He will be a member of the Company’s executive team reporting to Ecom Express’ Founders, and will be operating from the Company’s Head Quarters in New Delhi. 
Source: Business World; 6 Nov, 2017 

Saurov Ghosh joins National Stock Exchange as group head-HR 
Saurov Ghosh has joined the National Stock Exchange of India as the group head-HR. He filled the position lying vacant since June this year after the exit of chief people officer Chandrasekhar Mukherjee. Ghosh has spent close to 10 years at the Aditya Birla Group. First as head & executive VP-HR and training with Birla Sunlife Insurance, and then as CHRO for textiles, spinning & acrylic fibre business – a position he has held since 2014. 
Source: HR Katha; 8 Nov, 2017 

Sandeep Banerjee moved from Reliance to H&R Johnson as head-HR 
Sandeep Banerjee, vice president-HR, Reliance Industries, has moved to the tiles company H&R Johnson, a division of Prism, as head-HR and senior vice president. H & R Johnson is on a transformation journey, and Banerjee will lead its HR agenda, aligning it with the business strategy, helping it grow further. 
Source: HR Katha; 14 Nov, 2017 

Sonali Ramaiah Appointed as Head of People Function at Treebo 
Treebo Hotels has announced the appointment of Sonali Ramaiah, a former senior HR executive at Cisco and Boeing, as the Head of People Function. In her new role, Sonali will lead all people initiatives for Treebo and will work closely with the leadership team to further strengthen the company’s culture and solidify its position as an employer of choice. 
Source: Business World; 14 Nov, 2017 

Pragya Kumar joins GirnarSoft as Chief People Officer 
GirnarSoft, the parent company of leading automobile portals CarDekho, Gaadi, and Zigwheels, on Wednesday appointed Pragya Kumar as its Chief People Officer. With over 25 years of rich and varied work experience across different industries such as manufacturing, IT, EDA and e-commerce, Pragya has worked with organisations such as SAIL, Dorling Kindersley, iBilt Technologies, and Mentor Graphics. 
Source: Business Standard; 15 Nov, 2017 

Servion appoints David Raj as CHRO to drive global expansion 
Servion, a specialist in the Customer Experience Management (CX) domain, has appointed David Raj as Chief HR Officer who will be responsible for Global HR across Servion & Acqueon. David will be a part of the Executive Officer Group and will be based out of Chennai. This addition to the leadership team is part of the company’s sustained efforts to rapidly expand globally and cater to the growing business. 
Source: People Matters; 20 Nov, 2017



Campus Buzz 

AICTE signs a MoU with Monster India to support first-time job seekers 
To make the overall job-hunting process easier, AICTE has signed a memorandum of understanding (MoU) with Monster India, to aid students and first-time job seekers in providing a job. As a part of this partnership, Monster India will monitor and manage the campus hiring activities of over 10, 360 colleges approved by AICTE and with a collective intake capacity of over 36 lakhs students. Monster will act as an interface between the colleges, students, and recruiters. It will help colleges to map their students’ skills and accordingly provide job opportunities to them. 
Source: People Matters; 7 Nov, 2017 

Tech companies dangle fat packages at campuses for niche roles 
Early trends from pre-placement offers at Indian Institutes of Technology (IITs) as well as final placements at other top engineering colleges indicate that companies are offering up to 60% higher salaries than last year for niche IT profiles in emerging technologies such as artificial intelligence (AI), machine learning, data science and robotics. 
Source: Economic Times; 14 Nov, 2017 

Financial sector top draw at IIM summer placements 
The financial sector is the biggest draw at the ongoing summer placements at the Indian Institutes of Management (IIMs). Recruiters are vying with each other to pick the brightest talent in the sector, placement officials said, citing early campus hiring trend. 
Source: Economic Times; 16 Nov, 2017 

Google announces scholarship program to train 1.3 lakh Indian developers in emerging technologies 
Google India on announced a new scholarship program in partnership with Pluralsight and Udacity to train nearly 130 thousand developers and students and build a highly skilled tech workforce in India. Under the new scholarship program, Google plans to help developers improve their learning on the emerging technologies like Mobile and Web development, Machine Learning, AR/VR, Artificial Intelligence, and Cloud Platforms. 
Source: India Today; 23 Nov, 2017 

Apple, UIDAI, Nasdaq to debut at IIT Madras placements 
Final placements process at the Indian Institute of Technology (IIT) Madras will begin on December 1. Apple Inc., UIDAI and Nasdaq, among others will mark their debut in the placement session. This is the first time that Apple will be participating in campus placements at several major institutes including IITs and International Institutes of Information Technology (IIITs). 
Source: Business Standard; 23 Nov, 2017 

India's MBA crisis: Why fresh graduates are not getting jobs 
Excluding graduates from top 20 colleges, only 7% of MBA students from Indian business schools got jobs immediately after the completion of the course, an ASSOCHAM report said last year. The report found lack of quality control and infrastructure, low-paying jobs through campus placement and poor faculty as the major reasons for India's unfolding B-school disaster. 
Source: Economic Times; 25 Nov, 2017 

Once bitten, companies hiring at IITs fight shy of startup tag 
A year after the IITs blacklisted 20-odd young businesses and barred them from participating in annual placements, these companies are shying away from the startup tag. Placement officers across the IITs are stating that even freshly founded companies are clarifying to the institutes that they can at best be termed as "senior startups". Every company desirous of participating in the placement process has to fill a job notification form and declare whether it is a startup or not. 
Source: Times of India; 27 Nov, 2017 

Early placement at IITs a hit with PSUs 
PSUs and other state-run organisations have responded enthusiastically to invitations from IITs to visit their campuses ahead of private companies this placement season. The ISRO, ONGC, BPCL and several other government establishments have already picked up a number of students, with even the brightest vying for offers to work in some core sectors and on high-end research. 
Source: Economic Times; 29 Nov, 2017 

Amazon hiring aggressively at campus placements this year, Flipkart trails 
The battle between Amazon India and Flipkart has moved to campuses, with early hiring trends suggesting a head start for the US company. Amazon is powering ahead to become the largest ecommerce recruiter in India in terms of intake, salaries, variety of roles offered and even student interest, according to initial placement data at leading engineering colleges and business schools — among the most important talent-hunting grounds for companies. 
Source: Economic Times; 30 Nov, 2017

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