Recruitment 2019: Looking for new job, appraisal in New Year? Here's what you may get
Recruitment 2019: As technology continues to replace many traditional jobs, 2018 has been a transition year for the employment space.
Recruitment 2019: As technology continues to replace many traditional jobs, 2018 has been a transition year for the employment space. Hiring for several entry-level jobs were hit in this year, while the average salary hikes remained static in a range of 8-10 per cent. Here's what you can expect in 2019
Recruitment 2019: 10 lakh jobs expected!
Recruitment 2019: Experts and hiring managers are hopeful about more than 10 lakh new jobs in the new year. Salary hikes, however, may still remain the same. People in some specific evolving skills may get much more. Image source: Pixabay
Recruitment 2019: Cautious approach
Recruitment 2019: Employers will expectedly keep a cautious approach at least in the first half of 2019 due to evolving political uncertainties relating to national elections, even as employment generation will be a key poll plank for all political parties.The industries that are directly correlated to government schemes for infrastructure, roads, highways and airports may proceed cautiously till at least May 2019, by when the new government is expected to be in place. Other sectors, whose products and services are dependent on local consumption and exports, are expected to go ahead with expansion and recruitment plans. Image source: Pixabay
Biggest job-makers in 2018
According to HR service provider Randstad India chief Paul Dupuis, IT industry turned the corner this year in terms of hiring after two years of tepid job creation, helped by improved availability of skilled talent in new-age technology areas and big ticket investments in the e-commerce sector. Other sectors that showed improvement this year include infrastructure, manufacturing, retail and FMCG, while the job scene for banking, financial services and telecom appeared difficult. Image source: Pixabay
Recruitment 2019: Maximum job growth in these sectors
Banking, financial services, retail, logistics, IT/ITES, e-commerce, start-ups, consumer goods, infrastructure and healthcare will see the maximum growth in 2019, said Rituparna Chakraborty, President of Indian Staffing Federation. Retail would capitalise on increased consumer spending in non-metro and smaller cities, which in turn would drive employment growth. Image source: Pixabay
Recruitment 2019: Expected appraisals/salary hike in 2019
Sameer Nagpal, Director of Employability Solutions at Aon CoCubes, said salary hikes in India are stabilising around the 9-10 per cent, which is the highest in the Asia Pacific region. As per Aon's latest survey, despite improvement in macroeconomic forecasts, the salary increments for 2018 stood at 9.5 per cent, while, the projections for 2019 are at around 9.6 per cent.
Sunil Goel, MD of leading executive search organisation GlobalHunt, "For people who are already employed, average salary hike can range anything between 10-12 per cent, wherein top performers may get 15-20 per cent and average performers can expect 5-8 per cent. But, for many specific skills, people may end up getting hike of 30-50 per cent," said. Image source: Pixabay