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Hiring to Grow by 10-15% in 2017

NEW DELHI: The Year 2017 is bringing good news for job seekers, with an expected 10-15 percent rise in hiring activity in 2017 as reported by over 2000 employers across India Inc. in the Job Outlook Survey 2016-17.

This points towards a cheerful year for the hiring industry, as employers’ expectations are greater than what they were last year. In the TimesJobs Job Outlook Survey last year (2015-16), employers had anticipated a lower 5-10 percent rise in hiring while now they are upbeat about seeing a 10-15 percent rise in 2017.

– IT, Telecom and Healthcare Will be the top Employment Generators

– 70% of Employers Predict a Rise in Hiring of Women Professionals in 2017

“There is a clear paradigm shift in the Indian Economy, with the support of the government’s efforts and focus on IT, entrepreneurship and manufacturing, India Inc. is steering itself for strong growth that is seen to be impacting job growth and employment in the country next year,” says Nilanjan Roy, Head of Strategy, Times Business Solutions.

IT, Telecom, Healthcare and Manufacturing Sectors to be the top Employment Generators

In the Job Outlook Survey 2016-17, 30 percent organizations felt the IT and telecom sectors will hire the biggest numbers, 20 percent said the healthcare sector and 15 percent said that manufacturing will be the top employment generator. Another 15 percent voted for automobile and 10 percent for infrastructure and retail sectors.

Wanted: Women Professionals

The focus on gender diversity will also continue to take shape in 2017, as highlighted by India Inc. in the Job Outlook 2016-17 study. Over 70 percent organizations plan to increase the ratio of women in their workforce. This is a significant 10 percent rise in employer expectations as compared to that in 2016, showing a heightened awareness of the gender diversity challenge faced by India Inc.

About 60 percent employers foresee a higher demand for women professionals at the middle level positions, 20 percent see maximum hires at the entry level while another 20 percent say they will hire women professional for CXO level leadership roles in 2017.

Techies to Rule the Job Market

Nearly 25% of organizations voted that IT would be the most sought after profile followed by another 20 percent organizations that feel the demand for sales, business development professionals and research and development profiles will rise considerably in 2017. About 15 percent organizations said that they expect marketing and advertising professionals to see maximum demand in 2017.

Mid-Level Managers are Back in Demand

The most optimistic hiring expectations are for middle-level professionals, according to the Job Outlook Survey 2016-17. The study reveals professionals with 5-10 years of experience will see the maximum demand across sectors. Nearly 30 percent of the organizations surveyed stated mid-level managers with 5-10 years of experience would be most sought in 2017. About 20 percent employers see greater demand for young professionals with less than 2 years of experience in 2017 while 15 percent said experienced professionals with 10-20 years of experience will be most in demand.

Metros are the Hottest Job Destinations

While positive hiring activity is being reported in Tier I cities and state capitals, the major metros will continue to be the top job hubs in 2017 according to TimesJobs’ survey. Nearly 45 percent organizations said job opportunities will be maximum in metro cities, including, Delhi-NCR, Mumbai, Bengaluru and Chennai while 40 percent see a rise in employment opportunities in Tier I locations.

Overall, TimesJobs Job Outlook Survey 2016-17 reports the second and fourth-quarters of 2017 as the hottest for hiring in India Inc.

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