 "Global tech firms' hiring in fast lane")
India Inc's hiring plans for this fiscal looks bullish with over 43% corporates spanning across diverse industries saying there will be up to 15 per cent rise in their staff strength during the year, a survey said.
According to staffing firm Genius Consultants' survey on 'Hiring, Attrition & Compensation Trend 2016-17', 44.25% organisations believe that employees with '4-8 years' experience will have the most opportunities in the ongoing financial year.
"Around 45.13 per cent respondents believe that both new vacancies and replacement hiring will take place in a current hiring scenario," Genius Consultants' Chairman and Managing Director RP Yadav said.
Regarding increments, 46.90% of business houses said 5-10% is the normal range of increments likely in this fiscal.
On attrition, the report said 52.21% industry folks believe the 'junior' level employees in their organisations are most susceptible to attrition and noted that 38.05% of companies think that the anticipated attrition level in their organisation for 2016-17 would be 5-10%.
A zonal wise analysis shows that the southern region has the brightest hiring scenario currently, followed by the northern, western and eastern zones.
Notably a significant majority of respondents (66.37%) said using analytical tools like psychometric tests etc for hiring new recruits is still not a norm for the industry.
The online survey is conducted every year to gauge the hiring trends across sectors.
Some of the corporate brands that participated in this year's survey include, Infosys, Mahindra and Mahindra, Reliance Communications, Alstom India, TCS, Larsen and Toubro Vijaya Bank, Schneider Electric India and HCL Technologies.
