Trends

Recruitment Trends - July 2017 Edition

Posted by:   Mahak Kewalramani Date:Jul 05, 2017

Recruitment News

Market News, Trends & Predictions 

Layoffs scare is real, not exaggerated, finds ET's Jobs Disruption survey 
The survey confirms several experts and studies predicting big layoffs in near future as nearly 50% of the respondents said there was a talk of layoffs in their company. Job creation has been the biggest economic problem for Prime Minister Narendra Modi who had promised to create one crore jobs before coming to power. As if lagging private investment wasn't enough, demonetisation only added to that problem. Now, widespread layoffs in the private sector have set off a scare among workers.
Source: Economic Time; 1 Jun, 2017 

Mid-level workers are least valued, most at risk, finds ET's Jobs Disruption Survey 
When asked who was more worried about layoff in your company, 66 per cent said it was the mid-level employees. At IT companies, most of the mid-level employees mainly manage junior employees, track work flow and quality and train new employees. A good part of their work is now getting automated which renders them redundant. 
Source: Economic Time; 2 Jun, 2017 

Lack of 'safe' jobs keeping educated women from work in India 
A lack of safe workplaces in India and the danger of reaching them by public transport is keeping more educated women out of the labour force, hurting the economy and leaving women vulnerable, analysts say. India's economy could achieve double-digit growth if the government drives ahead with reforms to increase women's participation in the workforce, said a World Bank report. 
Source: Economic Time; 2 Jun, 2017 

Real estate, retail, logistics to create maximum jobs in India 
Sectors such as construction and real estate, beauty and wellness, organised retail, transport and logistics hold the maximum job potential in India in the near future, according to a report. The Assocham-Thought Arbitrage Research Institute Paper noted that the countrys information technology and IT-enabled services sector may add at best one million jobs in the next five years.
Source: India Today; 4 Jun, 2017 

In times of automation, job creation biggest challenge: ET India Leadership Council 
Job creation is the number one challenge for India at a time when digitisation and automation are disrupting traditional roles across all sectors, panellists at the ET India Leadership Council said. The India Leadership council is an exclusive peer group platform working towards bringing change in the country's business environment.
Source: Economic Times; 12 Jun, 2017 

India's Q3 July-Sept hiring forecast least optimistic since 2005: Manpower Group survey 
The hiring activity in India is projected to slow for the sixth consecutive quarter, according to a new survey. Manpower Group Employment Outlook conducted a survey of 4,910 employers across India and found that 61 percent of respondents plan on maintaining the same number of employees in the next three months. Though 16 percent indicated an intention to increase hiring, this rate is at a considerably slower pace compared to last year’s July-September numbers.
Source: Forbes India; 13 Jun, 2017 

How automation is going to affect jobs in pharma, core, auto and consumer sector 
The workplace is at a tipping point with automation changing the way companies work. A host of sectors are beginning to adapt to the future of work in the context of automation. ET brings you a lowdown on how the pharma, core, automotive and consumers sectors are responding to automation, and what it means for skills and jobs in these industries.
Source: Economic Times; 13 Jun, 2017 

"Real estate players gained from IT revolution, not engineers" 
Fruits of Indias information technology (IT) revolution have not gone to engineers, whose entry-level salary hasnt changed in the past nearly two decades, and it was real estate players who reaped them, says a senior figure in the industry. Former Karnataka IT Secretary Vivek Kulkarni said the starting salary of an engineer in the year 2000 when he was holding the position was Rs three lakh, a figure which has remained the same even today. "What about real estate ? Suppose you buy a real estate in JP Nagar in Bengaluru in 2000 and you want to buy now, whats the difference?. It must have gone up eight to ten times.
Source: India Today; 16 Jun, 2017 

New opportunities to absorb 50% laid off IT employees: Survey 
With nearly two lakh jobs expected to be slashed in the IT sector in the next two years, all is not lost as more than 50% of the laid off employees will be re-skilled and transferred to other opportunities, a survey said. The survey was conducted by CIEL HR Services among mid to senior-level professionals in 50 IT companies.
Source: Live Mint; 18 Jun, 2017 

Headhunters see more than 90% jump in mid-level tech resumes 
Headhunters across the country are seeing an unprecedented jump in the resumes of mid-management IT professionals with firms reporting a spike of anywhere between 15% to 90% with one firm witnessing an increase of as much as 250% over the previous year.This underlines the fact that the current instability in the country’s $150-billion software services exports industry has impacted the middle bracket the most — those with 7-15 years of experience.
Source: Economic Times; 20 Jun, 2017

Green Energy may renew job hopes & create 3 lakh jobs in 5 years 
India’s rapidly growing renewable energy sector will generate a significant number of new jobs apart from giving the country cleaner environment, a new study has forecast. Around 300,000 such jobs in this sector will be created in the next five years, according to a study done by Council on Energy, Environment and Water (CEEW) and Natural Resources Defense Council (NRDC).
Source: Economic Times; 21 Jun, 2017 

Ahead of GST launch, job market expects more than 1 lakh immediate openings 
The job market is looking forward to a big boost from the new GST regime and expects over one lakh immediate new employment opportunities, including in specialised areas like taxation, accounting and data analysis. The historic tax reform, to be rolled out from July 1, is expected to help the formal job sector attain an annualised growth rate of 10-13 per cent and fuel demand for professionals in various segments of the economy, experts said.
Source: India Today; 25 Jun, 2017



Recruitment Industry 

A resume gets only a minute of a recruiter's time, says TimesJobs study 
Hiring managers have a tough task of scanning through hundreds of resumes to find a suitable candidate for each job vacancy they need to fill. They have barely a minute to scan each resume before making a decision to make the shortlist. In order to better understand their criteria for shortlisting resumes and selecting the candidates, a study by TimesJobs that surveyed 690 hiring managers talk about what recruiters look for in a resume. 
Source: Economic Times; 6 Jun, 2017



Employee News 

India Inc tweaks HR norms, focuses on employees' output rather than hours clocked in at office 
The lines between office work hours and personal work hours have blurred today. The concept of an eight-hour workday is passe. 'Work-life integration' is slowly replacing 'work-life balance'. This has thrown up fresh challenges for organisations that were hitherto measuring employee productivity based on the outcome and the number of hours clocked in by employees. 
Source: Economic Times; 10 Jun, 2017 

Red carpet for new hires before day 1 
India Inc is walking that extra mile to make the first day a memorable one for new joiners. Team-building games, campus walks, fun gamification modules (digitised learning games) to learn about the history of the company, the dos and don'ts and various policies are part of the first-day on-boarding (induction day) package. Some roll out the red carpet once the offer letter is accepted, and keep the employee engaged till he or she joins. Gone are the days when boring PowerPoint presentations, followed by a cumbersome process of filling multiple forms, was the typical first day at work. 
Source: Times of India; 10 Jun, 2017



Leadership Movements in HR & Talent Acquisition 

Snapdeal’s Saurabh Nigam set to join Omidyar Network as VP, Human Capital 
Saurabh Nigam, who quit the e-commerce firm, Snapdeal last week as SVP and head of HR, is all set to join the non-profit investment firm Omidyar Network as vice president, Human Capital. In his new role as an in-house subject matter expert, Nigam will be responsible for supporting Omidyar Network’s portfolio companies in India with respect to people practices. 
Source: HR Katha; 5 Jun, 2017 

NSE’s former CHRO Mukherjee joins Srei as group chief people officer 
Chandrashekhar Mukherjee, Chief People Ffficer, National Stock Exchange of India (NSE), who had quit the organisation last month, has joined Srei Infrastructure Finance as the Group Chief People Officer. He plans to enhance a high-performance work culture by inculcating a culture of learning, innovation and teamwork with an entrepreneurial mindset.
Source: HR Katha; 16 Jun, 2017 

CEAT Tyres’ Ranjan Sarkar joins Exide Industries as CHRO 
Ranjan Sarkar, erstwhile VP, HR at CEAT Tyres, has joined Exide Industries as the EVP HR, CHRO. Sarkar comes with more than 18 years of cross-industry experience. In his previous roles, he has worked across industries such as automobile, consumer goods, pharmaceuticals, manufacturing, BFSI and media and communication. 
Source: HR Katha; 19 Jun, 2017



Campus Buzz 

More recruiters flock to ISB; class of 2017 averages ?22 lakh salary 
The Indian School of Business witnessed robust campus recruitments, with a 39 per cent increase in the number of recruiters during the placement season. The average salary offer for the Post Graduate Programme in Management (PGP) Class of 2017 was around ?22 lakh. The increased demand for leadership roles from government think-tanks, public and the private sector and the presence of marquee brands were the highlights of the Placements 2017 at the ISB. 
Source: Hindu Business Line; 20 Jun, 2017

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