A majority of hiring managers in India feel that the year 2020 is going to be a positive year for the recruitment industry, according to a recent report.
As per TimesJobs survey titled ‘Decoding the Hiring Trends of 2020’, the IT, Healthcare, BPO, Retail, and FMCG sectors will pose maximum talent demand this year.
The survey was conducted among 1,754 HR professionals belonging to diverse industry verticals to understand the hiring sentiments of the coming year.
Nearly 64% of the surveyed professionals claimed that companies will focus on hiring multi-faceted candidates to balance the cost of hire. While, 45% of respondents said that firms would retain a ‘high performer-low salary’ employee in case of layoffs.
It was also found that Marketing, Sales and R&D professionals will be most sought this year across different sectors.
The demand for professionals in IT support, Customer Services and Operations will be on the rise in IT, FMCG, BPO and Healthcare sectors. Profiles for Administration, Legal and Production domains could witness a dip in talent demand this year.
“In the new decade, companies will seek new ways to remain competitive and hence emphasis will be on hiring employees with niche talent who can devise creative solutions to meet the company’s objectives. The hiring perspectives and mechanism will evolve in alignment with the changes in the industries. Hence, organizations will have to exhibit greater agility to stay ahead of the curve”, said Sanjay Goyal, Business Head, TimesJobs and TechGig.
Not only this, about 42% of the respondents stated companies will hire experienced professionals over fresh graduates. Professionals having work experience more than 5 years will be most sought after, as per 34% of respondents. About 29% of professionals said that candidates with work experience of 2-3 years will be hired most this year.
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