PROBIZ International - Vol-1 Probiz File final | Page 11

significantly from 40%
in 2016 to 47% in
2017.
India Hiring Intent
Survey
For the Hiring Intent
Survey, more than
1,000 corporates from
15 different sectors
were approached
to assess skill
requirements for next
year’s hiring intent. The
analysed data based
on responses from
organizations gives
insights on current as
well as hiring trends
for the next year,
preferred sources
of hiring, experience
and education specific
hiring requirements,
apprenticeship
awareness among
organizations and
opportunities to
students for the same.
Results revealed
that hiring intent
for the year 2018 is
positive with a 10-15%
increase in hiring intent
compared to last year.
A primary research
conducted on more than
120 employers revealed
that 49% employers are
positive on
hiring.
Banking,
Financial
Services,
BPO, KPO, ITES,
Insurance and Retail
sectors are projected
to witness a strong
rebound in hiring
numbers as compared
to 2017. The Survey
also throws light on
important parameters
such as hiring intent
of companies based
on type, size, and
sector as well as work
experience.
The survey also
helps understand
gender diversity and
gender gaps across
sectors. According
to the findings, the
Retail Industry has
the highest female
workforce with 50%
female participation
while sectors such as
organised manufacturing
need to push for
women employability
as currently female
participation is only 9%.
The survey also
focuses on future skill
requirements and the
impact of automation.
69% of the respondents
agreed that automation
is affecting their
industries. Key
future skill sets that
employers would be
looking for hiring were
in the areas of Data
Analytics, Research &
Development, Artificial
Intelligence, Concept
Design and Robotics.
With a view to
providing students a
platform to assess
the current state of
skill requirement from
the employer side
and also helping the
employer assess skill
availability through
employability data,
the report provides
information on four
domains – education,
gender, geography
and internship in the
‘Matchmaking’ section.
This was carried out
with the objective of
matching the demand
and supply side for
employers and students
to find their equilibrium
point. The results
would be useful for
both organizations and
students to understand
the skill gap in these
domains.
“India Skills Report,
which is a conscious,
one-of-a-kind effort
to provide an insight
into the hiring trends
of the market while
understanding the needs
of the job seeker and
organizations. The fifth
edition of the report has
reached out to about
5,00,000 students
across 29 states and
7 union territories
from the supply side
and corporate players
from 12 diverse
industry sectors on the
demand side,” said Dr.
Anil D. Sahasrabudhe
Chairman, AICTE, in his
forward for this Special
Report.
“The report is
also a reflection
of requirement of
skilled manpower for
industries in future
and expectation of
industries from the
academia. I believe
this report will not
only give an overview
about the employability
factor of the youth of
the country, but also
addresses the needs
and expectations of
the employers. There
is need of regular
skill assessment
using scientific tools
to address the skill
gaps in the labour
market and facilitate
better employment
opportunities for
the youth, thereby
increasing India’s
industrial productivity,”
added Dr. Sahasrabudhe
in praise of the report.
Information courtesy:
CII
August 2018
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