The process of hiring the right candidate is art or milestone for a company. In the era of the digital world, hiring across dimension process is not like old days somebody walked into a shop, asked or a job and owner use to give them after a few questions. Today’s scenario is entirely different; owner will refer to visit his/her career webpage of his firm, complete the application form, and fill out the necessary skills and experience and then he will judge after comparing other applications.
Presently, startups are more advanced in the field of recruitment to judge a candidate based on various tech skills and soft skills than a billion dollar company. The current job market is 95% applicant driven which means you do not have to search for talent; instead, talent will search the recruiter. Comparison of any product is the oldest tool of measurement for quality, quantity and long-term investment return. Everyone looks for various parameters in a job offer and comparing is a key tool to evaluate our own portfolio. Getting a job is not like comparing fruit with vegetables apart from paycheck candidate look into various additional benefits like health insurance, provident fund, transport facility, remote working, etc and finally, everything is compared to cost of living and saving. Basically, the comparison will clearly provide direct benefits of higher education.
Works that challenge an individual is always in greater demand and eventually shows a higher tenure period for an individual in a particular company. Salary always comes last in order to stay happy, people should love the job role and responsibility in order to sustain. Gone are the days where people are forced to do their job irrespective of their interest.
Nowadays, the candidate looks for a more specific culture by keeping in view of growth-oriented, data-informed, product-savvy knowledge from a specific functional role of a job. Following roles showed an extensive demand by students and also in terms of company filling positions:
Major roles/ functional wise division, which are seen during placement, drive with high demand in management courses (graduate/post-graduate/Phd):
Major roles/ functional wise division, which are seen during placement, drive with high demand in engineering (graduate/post-graduate/Phd):
Sector Wise Demand
Indian economy growth saw a GDP rate of 7% in 2018. Each sector got boost irrespective of demonetization, GST implementation, and huge layoff due to USA Trump administration but still showed a positive upfront in hiring trends in 2018 and 2019. The past three years was seen as the rise of automation, increase skill based employee and cost-cutting in various mid and senior level executives.
There is an average pay of 9% growth of salary are seen across domains in India. NASSCOM has projected double-digit growth in the IT sector with a boost in the internet industry where our country is seeing the highest internet user of all time reaching 800 million by 2020.
The job, which pays less than Rs 20 per hour, maybe soon taken over by new technology
Sector Wise Demand in Management:
Sector Wise Demand in Engineering:
Skill – The primary petrol of workforce:
Innovation and technology change accompanied by talent shortages, mass unemployment and growing inequality—it is critical that businesses take an active role in supporting their existing workforces through reskilling and upskilling, that individuals take a proactive approach to their own lifelong learning and that governments create an enabling environment, rapidly and creatively, to assist in these efforts.
Skills with high demand in Management:
About 64% of India’s population is expected to be in the working age group of 15-59 years by 2026, according to Ernst and Young. India is expected to have the largest workforce in the world by 2025. The job, which pays less than Rs 20 per hour, maybe soon taken over by new technology.
Skills with high demand in Engineering:
In the coming years, the more specialized sector will be coming into the front face of machine learning, statistical modelling, and data warehousing, predictive modelling. Skills are changing fast with time creating ways to more specific sectors. Roles and skills, which we are seeing today, may not be seen after a few years.
Experience: Does it Matter for Higher Paycheck:
More recruiter prefers the candidate with a minimum of 1 year of experience in IIMs and given more priority as compared to fresher. In skill lacking environment with the economy in another hand, company prefer a candidate who can grab thing bit faster which can be found in experience fellows. Salaries are also higher than the fresh graduates.