India’s job mkt looks positive, cos to hike headcount: Report
2 Nov 2015 5:49 AM IST
As the Indian economy keeps up its escalating growth trajectory, the job market also looks very positive as 76 per cent companies surveyed are planning to increase headcount in the next one year, says a report.
"About 76 per cent companies surveyed said they expect to increase headcount in the next 12 months as the Indian economy is at its escalating growth trajectory," Michael Page's 2015-2016 India Salary and Employment Outlook has said. The report has surveyed 240 employers from market-leading multinational companies (MNCs) and small and medium-sized enterprises (SMEs) across all major industry sectors. "Our specialist approach with dedicated teams of recruitment professionals, combined with expert commentary drawn from our extensive involvement with senior executives, gives us an in-depth perspective into each industry sector.
Overall, the Indian market continues to grow, with strong confidence bolstered by high levels of investment," Michael Page India Senior MD Sebastien Hampartzoumian said. A potential candidate's decision to accept a new role is usually influenced by brand reputation, career progression and international opportunity, he said. Millennials in particular expect a clear path of career progression that includes opportunities for development, overseas secondment and promotion, he added.
"A favourable online presence, especially on social media platforms, will help accelerate talent acquisition as Indian employees further heighten their engagement levels online," he pointed out. He said an interesting trend observed while conducting this survey was the apparent modernisation of the Human Resources (HR) function in the country.
"About 76 per cent companies surveyed said they expect to increase headcount in the next 12 months as the Indian economy is at its escalating growth trajectory," Michael Page's 2015-2016 India Salary and Employment Outlook has said. The report has surveyed 240 employers from market-leading multinational companies (MNCs) and small and medium-sized enterprises (SMEs) across all major industry sectors. "Our specialist approach with dedicated teams of recruitment professionals, combined with expert commentary drawn from our extensive involvement with senior executives, gives us an in-depth perspective into each industry sector.
Overall, the Indian market continues to grow, with strong confidence bolstered by high levels of investment," Michael Page India Senior MD Sebastien Hampartzoumian said. A potential candidate's decision to accept a new role is usually influenced by brand reputation, career progression and international opportunity, he said. Millennials in particular expect a clear path of career progression that includes opportunities for development, overseas secondment and promotion, he added.
"A favourable online presence, especially on social media platforms, will help accelerate talent acquisition as Indian employees further heighten their engagement levels online," he pointed out. He said an interesting trend observed while conducting this survey was the apparent modernisation of the Human Resources (HR) function in the country.
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