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Recruiters predict an increase in new jobs by 2010
Recruiters predict an increase in new jobs by 2010
Posted Date:09-09-2010 Courtesy:
Bangalore: More than 700 recruiters across India are predicting that there will be an addition in new jobs, replacement hiring in the second half of 2010. 73 percent of the recruiters have predicted addition of new jobs, 55 percent expect replacement hiring whereas three percent expect a freeze and two percent anticipate layoffs. In a recent survey conducted by Naukri.com, the hiring scenario in India seems to be good this year. There has been a change in opinion over a year as in a survey of the similar nature conducted in July 2009 had revealed that only 45 percent of the recruiters anticipated new jobs during the second half of 2009. "Employers began recruiting at a steady pace in the first half of 2010 and confidence levels were high. The survey findings indicate sustainable new job opportunities in the remainder of the year and job seekers can look forward to a favourable hiring environment," said Sumeet Singh, Senior Vice President- Marketing and Corporate Communications, Info Edge. The survey also revealed on the range of increments given out to employees in 2010. 30 percent of the employers surveyed said that the range of increments was within 15 percent to 20 percent and an equal percentage said that it was 10 percent to 15 percent. While 25 percent of employers indicated increments within five percent to 10 percent, only 10 percent employers said that increments were over 20 percent. With the much desired rebound in the job market, increments seem to be back on track across sectors. Regarding the attrition level, most recruiters pegged attrition levels to be under 20 percent with the exception of ITES. But, what was interesting to observe was that 11 percent of the recruiters surveyed acknowledged attrition rates to be within 20 percent to 30 percent and four percent pegged attrition rates to be within 30 percent to 50 percent in their organizations. Through this survey, one can figure out that the employment scenario is quite positive and the hiring process is quickly picking up.
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