Despite assurances from big companies in various sectors to continue recruitment during slow business period, online Job portal site Naukri.com has revealed a dip in hiring sentiment across sectors in India.
Naukri.com has cited global economic crunch and rising inflationary pressures acting as a caution sign for India Inc. The company claimed that in their survey with over 1000 recruiters across India revealed a dip in hiring sentiment as only 62% of recruiters beloved that new jobs would be created in the second half of the year as against 80% in 2011. Furthermore, the survey said that 5% recruiters anticipate layoffs in the coming months and 48% say that replacement hiring will take place. The study also said that 84% recruiters predicted that jobs will be created for the entry (1-3 years) and mid level (4-7) category.
The portal has also claimed that hiring outlook had dipped for sectors like IT, Construction and Pharma when compared over the last six months. Ambarish Raghuvanshi, Chief Financial Officer, Info Edge India said that there was more of muted outlook as the markets witness deceleration in the economy.
“The drop in the overall hiring sentiment indicates that recruiters have factored in most of the bad news.”
“Hiring sentiment was closely co-related to business confidence, which had also dipped considerably. But the caution in the markets has led to over 60% of recruiters stating that their level of attrition was below 10% and the remainder (40%) stating that their range was between 15% and 26%,” he said.