Trends

Recruitment Trends - April 2018 Edition

Posted by:   Mahak Kewalramani Date:Apr 06, 2018

Recruitment News

Market News, Trends & Predictions 

Sales domain can create 2.5 mn jobs over next 3 yrs 
Employment transition from farm to non-farm sectors will be spearheaded by sales domain which has the potential to create 2.5 million jobs in the next three years, says staffing firm TeamLease. Job-creation will be largely driven by organised retail sector, accounting for 50 per cent of jobs. 
Source: India Today; 6 Mar, 2018 

Japan to recruit 2 lakh Indian IT professionals after US makes visa difficult 
Japan, struggling with rapid technological advancement and a need for more IT assistance is opening its doors to Indian IT professionals. Executive Vice President at Japan External Trade Organisation (JETRO), Shigeki Maeda, said that the country is looking to bring in around 2 lakh IT professionals and issue Green Cards to them to challenge their manpower deficit. 
Source: Business Today; 9 Mar, 2018 

Health sector could create jobs on massive scale: Public Health Foundation of India 
Healh sector can create jobs on a massive scale, particularly at the level of frontline health workers and others, but training and skilling the job aspirants is important, Public Health Foundation of India (PHFI) President K Srinath Reddy has said. 
Source: Economic Times; 11 Mar, 2018 

Demand for cyber security staff up 3 times in 1 yr, to escalate: Report 
With increasing incidents of large-scale cyberattacks and governmental cyberespionage, the demand for professionals in the segment has gone up three times in last 12 months, according to a report by an outbound recruitment solution Belong. This trend is likely to grow faster with the rise in use of Internet and e-commerce and customer awareness on cybersecurity. 
Source: The Hindu; 12 Mar, 2018 

Singapore tightens hiring norms for expats, Indian techies likely to be hit 
Singapore continues to tighten the work-permit process for foreign employees. Many of India’s large groups, including IT companies like TCS, Infosys and Wipro, have a presence in this island nation. 
Source: Times of India; 14 Mar, 2018 

India job market may expand 20% this financial year 
India’s job market is likely to see 15-20% growth in hiring this financial year (2018-19) on improving business outlook and industry confidence supported by GDP growth, according to estimates by recruitment firms. At least half-a-dozen recruitment and staffing firms, including Kelly Services, Teamlease Services, PeopleStrong, IKYA Human Capital Solutions and Naukri, said they have been getting more hiring mandates than a year earlier. 
Source: Economic Times; 15 Mar, 2018 

What's the top watch-out in job hunting? Work environment 
Four in 10 people lack clarity about what to expect from a job while they are looking for one, and three in 10 are unclear about the best channels of job search, found a TimesJobs survey of 1,200 working professionals which has revealed the latest trends in recruiting new-age talent. 
Source: Economic Times; 19 Mar, 2018 

India To Add 10 Million Travel And Tourism Jobs In A Decade 
India will add around 10 million jobs in the travel and tourism sector by 2028. According to World Travel & Tourism Council (WTTC), travel & tourism in 2017 in India supported 41 million jobs and is expected to rise to 43 million in 2018, and a further 53 million in 2028. 
Source: Business World; 22 Mar, 2018 

Artificial intelligence can lead to more job loss, says Raghuram Rajan 
Former Reserve Bank of India (RBI) governor Raghuram Rajan has said that artificial intelligence (AI) will pose a threat to job creation in the country. Speaking at the Global Digital Summit #Future in Kochi, Rajan said growing automation can lead to substantial job losses in the future. 
Source: DNA; 27 Mar, 2018


Employee News 

Variable pay and flexi-benefits on rise: Report 
According to TeamLease Compensation and Total Rewards Trend Reports, the movement in salary structure is towards an increasing the proportion of the variable pay and the flexi-benefits offered, as part of the Total Rewards strategy in the Industry. The report states that the average variable pay across hierarchies are risen to 10.6 percent of the total combination. 
Source: People Matters; 8 Feb, 2018



Campus Buzz 

Consulting firms go on a hiring spree at B-schools 
Consulting firms, led by those in strategy consulting, have hired more graduates from top business schools than ever before this placement season, driven by rising demand for services related to digital transformation, analytics and government advisory. 
Source: Economic Times; 3 Mar, 2018 

PSUs make a beeline for top talent at B-schools 
After picking up the best from top engineering colleges, public sector companies are now descending on B-school campuses. PSUs from Indian Oil, GAIL and ONGC to financial institutions such as SBI, BOB and NHB are lining up at Indian Institutes of Management and other leading business schools to tap into the top talent for roles in marketing, finance, operations and sales. 
Source: Economic Times; 12 Mar, 2018



Recruitment Industry 

Recruiters find senior level hiring a challenge: Survey 
Salaries and benefits have become the biggest challenge for recruiters as most senior level candidates look for 20-40 per cent hike over their current salary, according to a survey. 
Source: Economic Times; 7 Feb, 2018



Leadership Movements in HR & Talent Acquisition 

Walmart Labs India names Sudeep Ralhan Senior Director – HR 
Walmart Labs, the global in-house center for Walmart has appointed Sudeep Ralhan as Senior Director – Human Resources, effective February 12, 2018. He will be based out of Bangalore taking on the responsibility for delivery of the overall HR strategy, compensation and talent initiatives. 
Source: People Matters; 7 Mar, 2018 

Sanjay Jorapur calls it quits at Hero MotoCorp; Vijay Sethi named CHRO 
Sanjay Jorapur has moved on from Hero MotoCorp, where he was working as chief human resource officer since September, 2014. He has been replaced by Vijay Sethi, who is also the Chief Information Officer and Head of CSR. 
Source: HR Katha; 28 Mar, 2018


Humour in Recruitment

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