Job growth is slated to be in double digits for many sectors and most of the cities indicate good times for employees. Prachi Rege chats with Neeti Sharma– Senior Vice President, TeamLease Services, about the hiring trends, new skills in the market place and popularity of temporary jobs in India
What are the current trends in recruitment and hiring?
Improved macro-economic conditions coupled with India Inc’s plans to ramp up capacity and enter new markets seems to be having a positive impact on the hiring sentiments. Job growth is slated to be in double digits for many sectors and most of the cities indicating good times for employees. While the demand for mid level talent is on the lower side, the biggest gainer in the coming half year (Oct ’14 – Mar ’15) will be the junior and senior level profiles with a five and four per cent increase respectively. A larger chunk of hiring continue to happen at the bottom of the pyramid. While the industry hiring is looking up, the requirements for skilled labour has been on the rise and will continue to be so for job seekers with functional expertise.
Which industries have an upward trend in recruitment?
The industries which are seeing an upward job growth rate is the Information Technology, FMCD and Healthcare Banking & Financial Sector, Telecom, Retail and Pharmaceuticals. The top gaining cities across these sectors are Mumbai, Delhi, Bangalore and Ahmedabad.
What common skills and qualities are recruiters across fields looking for?
Employers’ need for newer, and more sophisticated skills is accelerating. Job seekers also aim to be equipped with the latest skills. However, most of our education institutes do not prepare them for job. The gap that separates the two consists of institutional inadequacies that empower candidates with technological and market-focused capabilities. Employers are also placing more emphasis on soft skills and team / collaborative skills and leveraging technological tools that enable hiring right-fit skills at scale. Candidates, on the other hand, are increasingly demanding of workplace environs that nurture their unique capabilities.
Which industry is suffering the most from the problem of skill gap? Why?
Industry, has had its share of challenges in getting their positions filled. Not only have they lowered their hiring standards at the bottom of the pyramid in order to be fully staffed, they have established training programmes to make their hires productive. But this situation is unsustainable because it wrecks productivity and there is not a viable model for employers to ‘manufacture’ their own employees. Almost all industries feel there is a skill gap between the defined job role and the job seekers’ skills. Job Seekers’ knowledge is based on theoretical skills and lack practical knowledge.
Since most of the hiring is happening at bottom of the pyramid and that too largely for sales jobs, industries such as Banking and Financial, Telecom, Retail and FMCG take the hit. On the other hand, manufacturing industries too are in dire need for technicians who are skilled on latest technology and equipment. Most of the entry level hires in the manufacturing industries happen through ITIs, however the ITI students are not equipped with the right skills for use of tools and techniques.
What is the trend in temporary recruitment? Is it popular in India, where people prefer stable jobs?
Since we are in the midst of the festive season (Sept – Jan) , the trend of hiring temp staff has been gradually increasing and as and when volumes of companies grow, the temporary staffing numbers are expected to grow rapidly. For instance, the e-commerce industry alone has added around one lakh temporary jobs for the present quarter as compared to only 30,000 last year. However, the trend of temp staffing is still at its nascent stage and still has a long way to go. Most job seekers in India still look out for permanent jobs with a belief that it would be more stable than a temporary one. However, that is not the case anymore across most industries. Companies are moving into testing waters and then hiring the right fit. This has opened up more temp jobs and people taking these up considering that it’s better to be employed as a temp rather than being unemployed. On the other hand, there are certain roles, especially in the middle and senior levels where employees have been opting for temporary recruitment.
Is there an ideal assessment tool to monitor productivity at workplace? Please explain.
Workplace productivity is all about achieving maximum profits with minimum efforts and expenses. There is no one tool to assess productivity at workplace. Generic productivity and behavioral assessment tools are available in the market, but not specific to measuring output. In order to monitor productivity in a workplace various strategies need to be put in place, they are as follows:
Inquiring how well the employees they’re going
Creating objective as well as a subjective measurement scales for the various activities and tasks
Capturing the multi-dimensional nature of the skills your employees
Skills employers would be seeking out in tomorrow’s marketplace:
· Human Factors
· Agile and Adaptive Thinking
· Technology Savvy
· Virtual / Cross-cultural Collaboration
· Analytical Skills
· People Management
· Communication Skills