With recruitment seeing a steady rise in the last quarter of the preceding year, the recruitment market appears to be well on the way to recovering from the recession it faced in the first half of 2017. Wisdomjobs.com, one of India’s leading end to end online recruitment and career solutions portals, released a Report ‘Hiring Pattern and Compensation Analysis in 2018′.Wisdomjobs.com surveyed 140 companies and 350+ recruiters operating in 10 sectors namely IT, Retail,Hospitality, FMCG, Healthcare, Automobiles, Infrastructure, Education, ITeS, and BFSI to understand their hiring intentions. The markets covered under this survey are Hyderabad, Bangalore, Mumbai, Chennai, Pune, Delhi,Kolkata and Ahmedabad.
With the industry managing to ride out the impacts of demonetization, the revision in H1B regulations, and the implementation of GST, the sentiments are positive with respect to hiring activity in 2018. Sectors like Agriculture, Education and Healthcare sectors, which saw healthy hiring trends in 2017, are expected to continue growing steadily.
As companies try hard to retain existing talent, they will invest more on their skill development, up skilling, and training. Several companies are up skilling their workforce by hiring laterally while others are focusing on hiring fresher talent and training them to acquire new, in-demand skills