With the season of
appraisal at an end in India Inc and most companies firming up expansion plans, human resource (HR) recruitment firms expect hiring as well as attrition to go up in the coming months. "The period of appraisal is almost over for India Inc. So, in the next two months we will see aggressive hiring and many job switchovers as most companies are looking for expansion," V. Suresh, executive vice president and national head of sales, Naukri.com, said.
According to the online job portal, India Inc's hiring activity witnessed a marginal decline in the month of April, owing to the ongoing appraisal season, with most employees preferring to stay back in their current jobs
expecting hikes. "Hiring tends to slow down a little in the first quarter every year because of the appraisal cycle. We expect hiring to pick up again by June-July this year," Suresh said, adding that it is not just the appraisal period but also the overall positive outlook of the economy that is creating many jobs, to the advantage of the employees. Other honchos echoed Suresh's views.
"India Inc is going to see increase in hiring activity in the coming months, in almost all the sectors. In fact, as companies are working on thin profit margins, employees who are expecting good increments could be disappointed and go on a fresh job hunt. We expect much job hopping as well as fresh recruitment," E. Balaji, managing director (MD) & chief executive officer (CEO), Ma Foi Randstad, a leading global recruiting firm said. However, experts feel that this may be a cause for worry for the sectors that are already facing high attrition rates. According to Balaji, the companies that are able to keep their employees happy have little reason to worry.
"Most of the companies are looking at expansion. So, there is requirement of professionals. And with plenty of options available in the market, employees will have an edge to go with those who offer them the best. Also, inflation will be another reason that may force employees to switch jobs," Balaji said.
"There is going to be increase in attrition in some sectors. However, this time we expect more poaching in the middle and senior management levels as the availability of good talent at the middle level is limited. So, we expect the next movement among the middle level employees," Uday Sodhi, CEO, HeadHonchos said.
According to hiring firms, sectors like IT and banking, which are already facing high attrition rates, will see maximum hiring activity. "We expect the IT sector to continue as the top recruiter. The coming months will also see a strong recruitment in the banking sector, especially among public sector banks. More than 10 leading public sector banks are looking for expansion and for that they require employees at all levels," Suresh added. According to Suresh, infrastructure companies are also planning to hire in large numbers.
"Sectors like power and construction are looking for large expansion. For that, they require professionals. We expect these sectors to do well in the coming months," Suresh said.
Courtesy: Mail Today 
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