Companies May Step Up Hiring this Year | CORPORATE ETHOS

Companies May Step Up Hiring this Year

By: | January 22, 2018

Jan 22: An aggressive recruitment policy by many a company may be seen trending in 2018. The Times of India has reported that, in an account prepared on the feedback given by more than 1,860 business heads and human resource (HR) leaders, 76 percent  of organizations are predicted to have an increased number of recruitments this year, which is quite a boom when compared to the 65 percent of  2017.

Another report quoting Rituparna Chakraborty, President  of Indian Staffing Fedaration said that year 2017 has seen its own moments of glory and disaster in hiring. But this year, there are some early signals that make us feel optimistic about the future. For example, campus hiring has picked up after three years and we believe that hiring will be positive this year compared to last year, she was  quoted as saying.

Many senior business leaders feel that even though the talent acquisition will increase in 2018, it might also remain a major challenge for the companies in the year. According to the report, a mighty 86% of senior business leaders from top five sectors, which include banking, IT (Information Technology), retail and manufacturing opines the same.

The research report points out that, sectors like IT, telecom and banking are now looking for highly skilled employees; which also suggests that, the workers also need to focus on re-skilling if they are currently undertaking such labour.

These companies are expected to hire but they will hire differently. The IT sector is going through various structural and transformatory changes which means that the skills that were relevant earlier are no more relevant today.The genre of hiring has changed which demands specific skill sets than the generic ones, and therefore there shall be a lot of talent acquisition around data science, Artificial Intelligence (AI) and cryptocurrency.

Chakraborty has been quoted by IBTimes that a large part of 2018 job creation will be driven by the domestic consumption sector of which areas like the fast moving consumer goods (FMCG), fintech (financial technology), e-commerce and retail sectors will be quite buoyant.