Companies' hiring picks up pace; job prospects getting better for skilled talent in India

Zee Media Bureau

New Delhi: Hiring of fresh talent by Indian companies is on the upswing. With a positive outlook on growth, Indian companies have scaled up hiring meant for the next year.

As per India Skill Report 2016, overall hiring for skilled employable workforce in India has grown 14 percent compared to the year ago period.

The survey reached out to over 150 employers across 12 major sectors. The report also captured insights from the employability test that was spread out to 3000 educational campuses, assessing five lakh students across 29 states and seven union territories from noteworthy educational universities and professional institutes.

The key sectors that showed uptick in hiring were retail, ecommerce, BFSI, pharma, telecom, and manufacturing.

However FMCG, Hospitality and Software & IT expect the hiring numbers to remain the same compared to last year.

The largest number of employable talent pool was observed in Andhra Pradesh, Uttar Pradesh, Delhi, West Bengal, Maharashtra, Rajasthan, Tamil Nadu, Himachal Pradesh, Jharkand, and Haryana.

The report adds that 50 percent of candidates from tier 2 and tier 3 cities were found highly employable, against 30 percent from the tier 1 cities.

India Skills Report 2016 is a joint initiative by Wheebox, Global Talent Assessment Company, PeopleStrong, which is a multi-process HR outsourcing and recruitment process outsourcing & HR technology company in collaboration with Confederation of Indian Industry and LinkedIn.

The report also tried to identify the preferred sourcing channels of the employers. Internal referrals came across the most preferred sourcing channels followed by job portals. The use of social media as a sourcing channel is increasing year by year with about 14.5% citing it as the preferred sourcing channel.

There is also a small percentage which adopting mobile and video recruiting. In totality, the digital channel formed more than one fourth of the preferred sourcing channel.