India Inc bullish on hiring in 2012: Survey

 PTI   New Delhi     Last Updated: February 21, 2012  | 22:48 IST

Hinting at robust job creation activities through the first half of 2012 in the country, a new survey has found that nearly three-fourth of the employers are bullish on hiring prospects for this six-month period.

As per the survey of more than 1,000 recruiters, conducted by leading job portal Naukri.com , about 72 per cent of the employers are bullish about hiring prospects in the first half of 2012.

As per the survey, 72 per cent recruiters expect new jobs to be created in the first half of 2012, while another 4 per cent do not anticipate any layoffs this year. Just 4 per cent of the recruiters said that there will no hiring.

However, recruiters in auto, banking, pharma and construction segments were not as optimistic as those in the other sectors, the survey results showed.

About 61 per cent of the recruiters surveyed said that they face a talent crunch during hiring process.

As per the findings, majority of the respondents felt that maximum opportunities would be available for those having 4-8 years experience.

Regarding increments, around 32 per cent said the range would be between 10-15 per cent while 31 per cent opined that the hikes could be around 15-20 per cent.

"However it is interesting to note that 15 per cent said that the increments will be less than 5 per cent," as per the Naukri.com survey results.

Commenting on the survey results, Info Edge India's Chief Financial Officer Ambarish Raghuvanshi said that hiring intentions are determined by economic growth outlook as well as business confidence levels.

Naukri.com is part of Info Edge group.

"Macro concerns across the board have led to a more muted outlook resulting in weaker hiring trends... Talented employees continue to be at a premium and finding and retaining them is a challenge for recruiters," Raghuvanshi said.

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