The coming months project a brighter job market in India in comparison to the last financial year, with 84 per cent employers indicating a jump in headcount in their respective companies, as per a survey.
Majority of the employers believe there is going to be a spurt in hiring, which will mean hiring will take place beyond routine replacement hiring that compensates for attrition.
However, 6 per cent of the respondent expects the headcount levels to take a down turn in the financial year 2015.
On the other hand, approximately 10 per cent of respondents say that headcount will stay the same. The recruitment community reinforces these findings with 80.2 per cent of recruitment consultants expecting a pick-up in hiring in the year ahead.
In another welcome trend for those seeking a job change, compensation packages that had come under pressure will go up as companies once again compete to hire the best talent.
Significantly, hiring of middle-management and senior professionals is expected to gain impetus in 2014-15. From hiring that was skewed towards junior roles to support project implementation and short-term revenue growth, the balance is once again tilting in favour of leadership & managerial competence. Among employers who will add headcount, 73 per cent expect to hire at middle-management levels while 26 per cent of employers will recruit for new senior positions.
With the mood swinging away from the caution of last year towards more risk taking, it seems expansion plans and hiring are no longer on hold. As employers gear up for a new hiring cycle, this could be the year that growth returns to the job market.The above survey has been conducted by HeadHonchos.com