Recruitment Trends - June 2018 Edition

Posted by:   Mahak Kewalramani Date:Jun 07, 2018

Recruitment Trends - May 2018 Edition

Recruitment News

Market News, Trends & Predictions 

Flush with funds, fintech cos to ramp up hiring at all levels 
Many jobs are up for grabs in the financial technology or fintech sector with companies planning to ramp up hiring in the next six months. Startups will be adding to their technology and product teams following recent funding rounds. 
Source: Economic Times; 5 May, 2018 

Evolving technologies to fuel IT sector hiring in next 6 months, says survey 
IT employers across corporate India are looking to hire bigger numbers in the next two quarters as compared to the previous two on the back of cutting-edge technologies, according to the IT Employment Outlook Survey for April-September 2018 of 500 IT employers, conducted by Experis IT-ManpowerGroup India. 
Source: Economic Times; 8 May, 2018 

The Indian IT industry is set to hire over 1 lakh people this year, expected to grow to USD 167 billion 
The Indian IT sector is set for a massive growth in the coming time and in 2018-19, it is slated to hire over 1 lakh people to deal with its 8 per cent growth rate. The growth rate will help the industry reach a valuation of USD 167 billion in 2018, Law and IT Minister Ravi Shankar Prasad said last week, explaining the need for skilled employees in IT. 
Source: India Today; 17 May, 2018 

Why a new breed of 20-somethings is not caring much about salary 
These 20-somethings are high performers, have a passion for the cause they believe in, are digital natives and are willing to constantly learn, question and innovate. Job security, or the lack of it, is not top of the mind for them. Given the demography of the workplace, they account for the largest hiring numbers for any organisation. 
Source: Economic Times; 13 May, 2018 

IBM India says cyber security a gold mine for jobs 
Global technology major IBM has said there is a massive shortage of cyber security professionals in the country, urging young graduates to look this segment, which is a high-margin segment for companies, as a lucrative career option. 
Source: Times of India; 13 May, 2018 

Traditional sectors hiring tech talent to stay in game 
Indian companies in traditional sectors like agriculture, petroleum, pharma, transportation and legal are aggressively hiring technology talent to stay ahead of the curve in the face of digital disruption. With AI, big data, cloud computing, IoT and robotics rapidly changing how society can access services, companies such as Mahindra & Mahindra, Vedanta, RPG Enterprises and Cipla have stepped up hiring of people trained in such cutting-edge technology. 
Source: Economic Times; 16 May, 2018 

Cos struggle to fill talent gap in event of women employees maternity continuum 
Even as companies are vying for gender diversity, they struggle to fill talent gaps created in the event of 'maternity continuum' of women employees, says a report. The biggest concern most managers (95 per cent) have that if an employee announces her pregnancy then how to build an alternate resource equivalent in talent to fill in for her unanticipated temporary absence, according to AVTAR Group's Viewport 2018, a 'Maternity Management in Corporate India' report. 
Source: Business World; 16 May, 2018 

India witnesses a 77% growth in HR analytics professionals: Report 
LinkedIn’s recent report, “The Rise of Analytics in HR: An era of Talent Intelligence” shows that in India, 14 percent of total jobs in HR are analytics based which has further led to the rise of HR analytics professionals in India. In the past five years, there has been a 77 percent increase in specialized analytics professionals in HR in India. 
Source: Business World; 16 May, 2018 

Solar energy, wind energy sectors will soon hire over 3,00,000 workers 
India's solar energy and wind energy sectors will soon hire over 3,00,000 employees to boost the industries and meet the 175 GW energy production target by 2022. An International Labour Organisation (ILO) report stated that the ongoing fight against climate change could produce millions of new job opportunities which could more than make up for the receding relevance and employability in traditional jobs. 
Source: India Today; 17 May, 2018 

Changing times: Captives beat Indian IT in hiring 
Captive centres in India of global firms have hired nearly 1.3 lakh people last year and they have overtaken for the first time in a decade the number of people hired by Indian IT services and back-office companies, said industry experts. The shift is attributed to a sharp rise in hiring by existing and the new global in-house centres (GICs) due to technology innovation activities in India for their global markets. 
Source: Economic Times; 21 May, 2018

At 32%, Rate Of Job Offer Decline Is The Maximum In This Sector: Report 
At 32 per cent, the rate of job offer declines is maximum in India's Information and Technology (IT) sector, show results of a new survey of mid and senior level candidates. In terms of job offer declines, the IT sector is followed by the offshoring sector at nearly 30 per cent, showed the results released on Tuesday by en world India, part of the Japanese recruitment firm en Japan. 
Source: NDTV; 22 May, 2018 

BFSI, e-comm, retail, infra sectors to add over 1 mn jobs by 2018-end: Report 
The Indian flexi staffing market size is witnessing significant growth and sectors like BFSI, e-commerce, retail and infrastructure together are likely to add more than 1 million jobs by end of this year, says a report. As per a recent global staffing report, the Indian staffing market size is estimated to be valued at EUR 3.6 billion. 
Source: India Today; 28 May, 2018

Recruitment Industry 

Indians look for engineering jobs most on LinkedIn 
Indians hanker for engineering job profiles, while the rest of Asia looks at consultancy roles. Data on professional networking site LinkedIn shows that mechanical and software engineering job roles were five of the top 10 most viewed job posts in India in 2017. In Singapore and Australia, management consultancy roles and business analyst roles were the top viewed job posts. 
Source: Economic Times; 1 May, 2018 

Bajaj Allianz General Insurance introduces its first virtual employee Eve 
Bajaj Allianz General Insurance has introduced its first virtual employee, Eve. Eve represents company’s automated talent acquisition portal called Tal.Port. Tal.Port is an end-to-end automated talent acquisition platform which introduces robotic video interviews for job seekers. 
Source: People Matters; 3 May, 2018 

UBS to double headcount in India: CFO 
Swiss money-management giant UBS will double headcount in India to 3,000 people by the end of this calendar year, group chief financial officer Kirt Gardner told ET. The world’s largest wealth manager is shifting its strategy from outsourcing to setting up captive centres in India to house key processes in functions as crucial as finance and accounts, branding and marketing, and human resources, Gardner said. 
Source: Economic Times; 17 May, 2018 

Fudging CV? Be prepared to take a lie detector test 
Corporates and even mid-size companies are turning to the polygraph during recruitment in case of any suspicion that an applicant has made false claims in the CV. Lie detector tests are also being used to test the integrity of an employee in case of allegations of funds misappropriation or leak of sensitive information. Truth Labs, a private forensic lab in the city, says it receives at least 20-30 cases every year from companies. The test, however, is done only with the consent of the subject. 
Source: TechGig; 6 May, 2018 

Piramal Group looking to hire 1,000 people this fiscal 
The Piramal Group is looking to hire over 1,000 people this fiscal year as per a media report. About 100 of these are likely to be from the country’s premier engineering and management institutes. 
Source: People Matters; 22 May, 2018

Employee News 

Only 20 per cent employees satisfied with their jobs 
Eight in 10 employees are dissatisfied with their jobs, and seven in 10 feel that the influx of technology is adding to job dissatisfaction, finds a TimesJobs survey of over 1,100 working professionals. 
Source: Economic Times; 29 May, 2018

Leadership Movements in HR & Talent Acquisition 

Intelenet hires hands from rivals to boost growth plans 
Blackstone-backed BPO Intelenet has hired three high ranking executives, to boost growth and profitability in the challenging India market. Intelenet hired former IIFL executive head of operations Jayati Chakraborty, Aegis’ senior vice president for South Africa operations Deepak Ralli and Concentrix associate director for CRM operations Gaurav Bembey. 
Source: Economic Times; 2 May, 2018 

Uber’s South Asia HR head, Vishpala Reddy, gets an APAC role 
Vishpala Reddy, who joined Uber less than a year ago, in August 2017, has got an APAC role. She joined Uber as chief people officer for India and South Asia, and has now been elevated to the post of regional HR director for APAC. In her new role, she will head HR for Australia, New Zealand, and North Asia, in addition to India & South Asia. 
Source: HR Katha; 30 May, 2018

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