2018 Hiring outlook : Wisdomjobs survey

The rise in the recruitment activities in the last quarter of 2017 projecting that the Indian job market is under recovery phase. So it is a key indication that 2018 will be positive on hiring front. Recruiters are aggressively hiring Millennials, who are already a major part of the workforce, are leading to the creation of new job profiles and improvisations in the benefits segment.

Key findings of the employment outlook 2018 survey

● Over 67% companies find any competition or threat from startups, as well as nearly 33%                    companies, feel that startups pose a business challenge to them.

● According to the survey nearly 56% companies expected to see major hiring could be from the metro cities, followed by Tier I cities, Tier II and III cities.

● Recruitment trends 2018 expected to emerge aspects like:

● Compensation and benefits

● Employee retention

● Creating an employee friendly environment in the workplace

● Flexible working hours and many more.

Employment generating sectors in 2018:

● Survey finds that hiring sentiments in 2018 will increase, as mentioned by 60% of surveyed organizations.

● Over 26% companies feel that the hiring sentiment would decline, whereas remaining 14% said it would remain the same.

● The survey finds that nearly 55% organizations feel that there would be 5-10% rise in the hiring sentiment.

● Over 31% recruiters feel that there will be a rise of 10-15% in the hiring sentiment.

Most sought after industries in 2018

● Over 26% companies said that the IT/ Telecom sector will be the largest employment generator.

● Over 19% employers feel that the manufacturing and engineering sectors would create more jobs in 2018.

● More than 18% recruiters estimated that the project/infrastructure sector would bring more jobs.

● Nearly 15% companies feel that healthcare sector will create the maximum employment in 2018.

● Over 12% organizations feel that the retail industry will be the prime employment generator.

● Meanwhile, 11% companies feel that automobiles sector will create more jobs in 2018.

Most sought after functional areas in 2018:

● As per the survey, over 25% of feel that sales/business development will be the most sought-after functional area.

● Over 25% organizations feel that marketing and advertising would be the second most demanded functional area.

● Nearly 12% companies said that human resources professionals will be the most sought-after functional area and nearly 10% feel that talent demand in the administration function will be most demanded functional area in 2018.

● The survey also mentioned that nearly 7% recruiters feel that the finance would be one of the most demanded functional areas.

In demand experience categories in 2018:

● Over 35% organizations are expected to hire candidates with a work experience of 2-5 years.

● Nearly 33% companies will hire candidates with an experience range of 5-10 years.

● More than 12% employers will seek candidates with a work experience of fewer than 2 years.

● While only 10% of companies will hire candidates with a work experience of more than 10 years.

Hiring outlook for women professionals:

● More than 57% organizations would hire more women in 2018 and only 43% denied hiring more women employees.

● Over 32% of organizations said that they would hire women professionals at the junior level.

● On Average 60%, recruiters would hire females at the middle level and about 8% would recruit women professionals at the senior level.