The India Skill Report 2019 released by PeopleStrong and CII (Confederation of Indian Industry), has given some positive numbers in the intent of hiring in India and employability in each domain. According to the hiring intent survey— where over 100 employers participated across nine industries— there is an increase of more than 10 per cent in the hiring numbers from 2017 to 2018. This trend may continue in the future also, as the experts predict that the hiring numbers may increase by 15 per cent in 2019 across all industries.
The Survey also states that 64 per cent organisations in all sectors have a positive attitude towards hiring, but the good news is that companies having a negative attitude have decreased from last year with 11 per cent.
The hiring intent survey also reveals that companies in the technology sector, where not much of hiring has been taking place in the last two to three years, will show positive numbers with 15 to 20 per cent increase in the hiring numbers in 2019. The areas that they will be looking to hire will include AI (artificial intelligence), analytics, design, and research and development. 60 per cent respondents of the Survey also shared that while hiring they do not get the right skills in the candidates . Candidates will need to equip themselves with fine skills to do justice to the jobs. Other sectors have also shown positive results with 10 to15 per cent in the Banking, Financial Services & Insurance (BFSI), BPO, KPO, ITES, as well as pharma and healthcare sectors. The core sectors (oil & gas, power, steel, minerals, and so on) and manufacturing industries have also shown more than 10 per cent increase in hiring.
In terms of company size too, the Survey says that companies with less than 500 and 501-1000 employees will have a positive outlook in hiring numbers with over 10 per cent positive change. Companies with over 5000 employees also show positive intent of more than 15 per cent next year. There is an optimistic change against last year, especially for segments with less than 500 employees and 1001–5000 employees, with there being a significant decrease in the companies with negative outlook.
The Survey also states that negative outlook in hiring is observed to be much less in multinational companies and Indian private companies. Either there is ‘no change’ or ‘positive change’ in the public listed companies.
“It is encouraging to see a positive hiring intent this year and even more to see tech hiring getting back in action. It is also heartening to see that the increase in hiring intent is not limited to organisations of a certain size, but is spread across companies of different sizes and sectors,” says Pankaj Bansal, co-founder and CEO, PeopleStrong.
The Survey focused on the kind of roles and jobs that are in demand these days. According to it ‘design jobs’ ( software, hardware, concept) are the most in demand with 23 per cent followed by analytics at 20 per cent , artificial intelligence at 17 per cent, robotics at 15 per cent and research and development at 14 per cent.
“It is encouraging to see a positive hiring intent this year and even more to see tech hiring getting back in action. It is also heartening to see that the increase in hiring intent is not limited to organisations of a certain size, but is spread across companies of different sizes and sectors.”
As per the report, hiring intent categorised by education almost remains the same with engineering and general graduates bagging a number of jobs with 45 per cent. However, there will be an increase in the demand for ITI and management graduates, whereas polytechnic graduates will see a drop.
As last year, the report also covered the sources from where employers prefer to hire the most. Job portals, internal referrals and consultants remain the most preferred sources yet again (63 per cent). Job portals were the highest with 28 per cent. Until last year, these three sources put together were preferred by70 per cent. The most least preferred amongst the lot were company websites and job fairs.
The Report also focused on the states where maximum hiring happens in India. Andhra Pradesh was at the top of the list in the top 10 states with Bihar and Delhi grabbing the second and third positions. West Bengal was last on the list. It also states the maximum employable talent available statewise, where again Andhra Pradesh was at the top with Delhi and Haryana taking the second and the third positions respectively.
People who aspire to get a job need to be aware of some of the top skills that employers look out for these days. According to the Survey, the top three skills to get the maximum responses are: learning agility with 40 per cent, adaptability 35 per cent and English language 25 per cent.