Monday, 10 November 2014

72% employers prefer to hire young candidates......

The second India Skills Report shows an upward trend in hiring spread across 29 statesand 7 Union territories.
Bbout 72% employers prefer to hire candidates in the age group of 30 years and below says the latest 'India Skills Report' 2015. This preference for the young workforce is good news wherein 60% of population is going to belong to the working age by 2020.

The second shows an upward trend inspread across 29 states & 7 Union territories. The top states with employable skill pool include Rajasthan, Andhra Pradesh, Haryana, Kerala and Karnataka which have held their positions from last year, and U.P, Tamil Nadu, West Bengal and Orissa are the new entrants.

An overall increase of about 23% expected in the hiring numbers per month, the job outlook confirms with the expectation of a growing market in the coming year for India.

India Skills Report is a joint initiative by Wheebox, Global Talent Assessment Company, PeopleStrong, India's leading platform based multi-process HR Outsourcing and Recruitment Company and Linkedin, World's largest professional network in Collaboration with Confederation of Indian Industry (CII).

Out of about 11 sectors surveyed, Hospitality and travel lead the way followed by BFSI and Core sectors which will see major increase in hiring with more than 25% hiring to be expected and other manufacturing (excluding Auto, Consumer goods & durables,), Pharma & Healthcare and Telecom and allied , there is an increase of more than 10% in monthly hiring.

The report also brings out a general trend amongst the employers while looking for candidate prefer internal referrals followed by job portal and social media. The trend of choosing candidate with the use of social media has increased from 6% last year to 12% this year.

One of the notable highlight of the Wheebox-PeopleStrong-study has been the challenge of corporate for maintaining gender diversity. Though the numbers have improved from last year, it is the male employees who still are in majority. In comparison with last year's report the number of women employees across industries has increased to 38% females last year this number was reported at 34%.

Chandrajit Banerjee, Director General, Confederation of Indian Industry said, "With India metamorphosing into one of the fastest growing economies, job creation and skilling seem to be natural tools to ensure sustainable growth."

"The India Skills Report is an extremely important benchmark to help us measure and evaluate progress against this challenge because if we can't measure it, we can't fix it! It's been great to see the momentum building over the last year with positive changes in national skill policy, clearer ownership & accountability for skills development, and the accelerated adoption of digital technology," said Nishant Rao, Country Manager (India) Linkedin.