Recruiting Trend Is About Domain Experts Than Freshers: V Suresh, Naukri.com
Naukri Hiring Outlook 2018 survey reports ‘half of the recruiters expect attrition to be less than 10 percent in July-Dec 2018 while 71 percent of the jobseekers view flexible working hours as a key motivating factor to continue working in an organization.
The job market can be further expected to be optimistic and heading north in the upcoming quarters, says V. Suresh, Chief Sales Officer, Naukri.com.
Hiring numbers are gaining momentum in 2018. Can we see a strong finish?
The Job speak Index has shown a healthy 9 percent Y-O-Y growth in July after a consistent 9 percent growth in June and 11 percent in May respectively. Non-IT sectors namely auto, auto ancillary, real estate, construction & BFSI continue to lead the growth. We can expect the job market to be cautiously optimistic and move further north in the months to come.
What industries and sectors are looking good for hiring and vice-versa?
Over the past few months as per Naukri Job speak Index, on-IT sectors viz. Auto, Auto Ancillary, Real estate, Construction & BFSI have been leading the growth. IT/ITES has shown a slow recovery too for the past one or two months and we can expect this trend to continue.
How has recruitment policies changed with new skills coming up?
As the business landscape continues to evolve, the demand for candidates with new age skills like SMAC (Social, Mobile, Analytics and Cloud) are on the rise. The trend is also about hiring laterals with domain experience than hiring fresher’s in large numbers. These are more of a strategic shift in hiring to meet business requirements than a policy change.
What is lacking in the market, is it the number of jobs or the skills in employees?
There is a steady growth in the number of jobs across sectors and functions, though it is primarily led by the growth in the non-IT sectors with IT/ITES catching up in the past one or two months. There is always a demand for high-quality talent across domains and with the demand picking up for new age technologies and skills.
What are the key trends in employee engagement? What can keep the employees motivated?
Some of the key trends in employee engagement and motivation have always been an organisation culture that values trust, fosters innovation, and where people are valued, respected and rewarded adequately on merit & performance. With millennials and Gen Y workforce, it is also about fun at work, work-life balance & flexi-timing apart from opportunities to learn and grow fast.
How does the appraisal numbers vary on different levels?
Organisations across sectors have been on a journey of using appraisals to differentiate and reward excellent performers with extra-ordinary payouts and to coach, guide and develop the average performers to learn and grow. With changing business dynamics and pressure on bottom-line it will be difficult to carry on non-performers and people who do not have the requisite/skill/competency or behavioural traits. The process of differentiation, coaching and helping people to develop/grow is consistent across levels and functions.
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