Survey predicts job surge in 2011

The economic recession seems to have abated, and businesses are more keen to hire people in 2011 than in the past two years, a sentiment that is reflected in a survey conducted by online job portal, Naukri.com, that polled around 1,000+ recruiters across India.

According to the survey, 80 per cent recruiters predict addition of new jobs, 36 per cent expect replacement hiring and only 2 per cent of them anticipated layoffs, signaling a change in sentiment over the last two years.

A similar survey in Jul-09 saw only 45 per cent recruiters anticipating new jobs to be created while in Jul-10 the number grew to 73 per cent indicating change in the outlook.

Ambarish Raghuvanshi,  chief financial officer, Info Edge, said, ''Employers have begun recruiting at a steady pace in the first half of 2011 as indicated by high confidence levels. The survey findings also suggest a buoyant employment scenario and jobseekers can therefore look forward to a favourable year ahead.''

Increments:

The survey also queried on the range of increments that organisations will give out to employees in 2011.

• 34 per cent of the recruiters surveyed said that the range of increments will be between 10 per cent and 15 per cent.  
  
• 29 per cent said that the range will be between 15 per cent and 20 per cent.
  
• 14 per cent said increments to be 20 per cent and more.

This ties in with the talent crunch which seems to be a feature employers in India are grappling with, the company said in a statement.

Experience levels vis a vis jobs
When recruiters were questioned on which experience levels will witness maximum hiring, 42 per cent of them said 4 - 8 years and 38 per cent recruiters said that it would be within 1- 3 years. 9 per cent of them voted for 8 - 15 years and an equal percentage said that jobs would be created for freshers.

Talent Crunch
The widening gap between demand and supply for the talent workers has become a major cause of worry. 58 per cent of recruiters who took the survey said that they face a talent crunch during hiring their employees. Among these recruiters, 42 per cent said that maximum talent crunch was witnessed in the 4-8 years experience bracket.

Naukri Hiring Outlook survey is a half-yearly survey, which is sent out to the registered clients of Naukri.com.