Recruitment Trends - Feb 2018 Edition

Posted by:   Mahak Kewalramani Date:Feb 19, 2018

Recruitment Trends - Feb 2018 Edition

Recruitment News


Market News, Trends & Predictions 

Auto engineers likely to be in demand 
The next technology revolution in the automobile sector--autonomous or driverless vehicles--is likely to increase demand for engineers and other tech specialists over the next three years. The sector is likely to employ about 110,000 engineers, up from about 70,000 now, by 2020. 
Source: Economic Times; 1 Jan, 2018 

NBFCs on a hiring spree, look to acquire talent at CXO level 
The aggressive hiring is fuelled by a combination of factors. There's private equity money chasing the NBFC space, the government agenda on financial inclusion is driving credit and an underbanked economy is offering plenty of opportunity for growth. Experts estimate that talent hired by NBFCs at CXO levels in the past year would run into hundreds, with a chunk of them at the CEO level. 
Source: Economic Times; 15 Jan, 2018 

Cyber warriors find themselves in big demand amid security breaches 
Demand for cybersecurity experts in India has outstripped supply of these professionals by three times over the last 18 months, according to research by an executive search firm, as companies seek to bolster their defence against data security breaches. 
Source: Economic Times; 15 Jan, 2018

Recruitment Industry 

Jobseekers, beware! Scams in IT corridor on the rise 
According to Cyber crime police, Cyberabad, offenders take details of victims from job search portals to offer lucrative opportunities via call or email. "They offered back door entry for several job seekers and would ask for huge amounts of money." 
Source: Economic Times; 8 Jan, 2018 

Recruitment companies see 40-50% revenue drop from telecom sector in 12 months 
Turmoil in India's telecom sector has hit the recruitment industry hard, with their revenue from the segment falling sharply in the past 12 months as companies curbed hiring and paid less for placements. 
Source: TechGig; 11 Jan, 2018 

Why are companies taking longer to hire 
Call it over zealousness on the part of organisations to get it right each time they hire, the recruitment process has lengthened for mid- to senior-level roles with more interview rounds being thrown in, hiring experts said. 
Source: Economic Times; 11 Jan, 2018 

Hiring talent a challenge for companies in 2018: Survey 
Talent acquisition is likely to be challenging for recruiters in India in 2018, according to nearly eight in 10 human resources heads and business leaders surveyed by talent assessment and skill measurement company Mettl. 
Source: Economic Times; 15 Jan, 2018 

SBI to hire nearly 9,500 in customer operations, sales 
State Bank of India (SBI) will be hiring nearly 9,500 junior assistants for customer support and sales functions. This is one of the largest recruitment drives by the lender since 2013. 
Source: Times of India; 22 Jan, 2018

Employee News 

CEO compensation: Larger parts of salary components being linked to performance 
The CEO compensation mix is increasingly changing in favour of variable pay as organisations seek greater accountability for business performance, said human resource and executive compensation professionals. 
Source: Economic Times; 12 Jan, 2018

Leadership Movements in HR & Talent Acquisition 

IndiGo’s Sukhjit S Pasricha joins Bajaj Finance as Chief-HR 
Sukhjit S Pasricha, IndiGo’s (Interglobe Aviation) VP-HR & Admin joins Bajaj Finance (Bajaj FinServ) as Chief of HR & Admin, today. Stepping into the finance industry, Pasricha will now move base to Pune, where the rapidly growing NBFC’s headquarters are situated. 
Source: HR Katha; 8 Jan, 2018 

Animesh Kumar joins Future Group 
Animesh Kumar has moved out from his role as the Head of Human Resources and Marketing Head of IDFC Bank Limited and CEO of IDFC Foundation. Now he is appointed by Future Group as the firm’s new Chief People and Transformation Officer. 
Source: Hindu Business Line; 21 Jan, 2018 

Santosh Vellanki is new Talent Acquisition Head at UPL Group 
Santosh Vellanki has been appointed the head of Talent Acquisition and Young Talent Management of UPL, the $2.5-billion agrochemical giant. Vellanki will also lead as HR business partner for all corporate functions. He will report to the Group CHRO Jayaram Philkana, and will be based out of Mumbai. 
Source: Hindu Business Line; 21 Jan, 2018 

Essar group appoints Kaustubh Sonalkar as president-HR and CEO of Essar Foundation 
The Essar Group has announced the appointment of Kaustubh Sonalkar as president-HR, and chief executive officer of Essar Foundation. Prior to this stint at Essar, he was associated with Future Group as the Group Chief People Officer. 
Source: Economic Times; 22 Jan, 2018 

Infogain names Rajiv Naithani as head of India HR 
Technology solutions provider Infogain today named Rajiv Naithani as the Head of India HR organisation. Naithani will be reporting to Phil Johnson, Global Human Resources and will be responsible for leading the HR function in India. 
Source: Indian Express; 22 Jan, 2018

Campus Buzz 

As sentiment revives, top business schools see more offers, higher pay 
Leading business schools, which have already wrapped up final placements for their graduating students, have seen a resurgence in recruiter sentiment, more overseas placements and higher salary offers, putting behind the challenges of last year's hiring season. 
Source: Economic Times; 24 Jan, 2018

Humour in Recruitment Febuary Poll

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