Recruiter sentiment lower in the second half of 2012: Study
02 Aug 2012
Recruiter sentiment is lower in the second half of 2012, with a dip in hiring sentiment across sectors, with employers taking a cautionary approach as concerns of global economic crunch and rising inflationary pressures loom large.
This year just 62 per cent of the recruiters have said that new jobs will be created in the second half of 2012, compared with 80 per cent who anticipate new jobs in 2011, according to a survey by job site Naukri.com.
The survey was conducted with over 1,000 recruiters across the country.
About 84 per cent of the recruiters predicted that the jobs will be created for the entry- (1-3 years) and mid-level (4-7) categories.
''As we witness deceleration in the economy, hiring intentions have also witnessed a more muted outlook. The drop in the overall hiring sentiment indicates that recruiters have factored in most of the bad news. Hiring sentiment is closely co-related to business confidence, which has dipped considerably. However, talented employees continue to be at a premium and finding and retaining them continues to be a challenge for recruiters,'' Info Edge India Chief Financial Officer Ambarish Raghuvanshi said.
| What recruiters say!! | New Jobs will be created | |
| Jul - 12 | Jan - 12 | |
| IT | 69% | 81% |
| Construction | 51% | 64% |
| Banking | 60% | 61% |
| Pharma | 51% | 67% |
| Hiring Outlook has dipped for sectors like IT, Construction and Pharma when compared over the last six months | ||
Attrition has always been an area of concern for recruiters. However, the low economic sentiment and decline in new job opportunities has made employees cautious about changing jobs. Recruiters are also echoing the same sentiment with almost 60 per cent saying that attrition level in their organisation is less than 10 per cent.
The survey also revealed the increments organisations gave out to their employees in 2012. About 40 per cent recruiters said that the range was between 10 percent and 15 percent, and 26 per cent said increments were within the range of 5 per cent and 10 per cent. This is almost in line with what was predicted by recruiters in the beginning of the year.
The widening gap between demand and supply for talented workers has become a major cause of worry. About 72 per cent of recruiters said that talent crunch has intensified over the last few months, while 44 per cent of respondents said that the maximum talent crunch was witnessed in the 4-8 years experience bracket.
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