Get All Access for $5/mo

92% Of Recruiters Expect Either New or/and Replacement Hiring Over Next Six Months: Report The report stated that nearly 47% of the recruiters predicted new and replacement hiring, 26% expected only new job creation, and 20% stated they would maintain their headcount in the coming six months

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

92% of recruiters surveyed expected either new or replacement or both hiring forms to happen over the next six months, according to a new report by job platform Naukri.

Naukri's Hiring Outlook Survey, which is a bi-annual survey claimed to be conducted amongst 1200 recruiters and recruitment consultants to gauge forward-looking hiring trends across companies and industries, also reveals that recruiters are primarily optimistic about hiring trends in second half 2023.

Furthermore, the report stated that nearly 47% of the recruiters predicted new and replacement hiring, 26% expected only new job creation, and 20% stated they would maintain their headcount in the coming six months. Only 4% of recruiters surveyed foresee layoffs/downsizing in the Jul-Dec'23 period.

"With 92% of recruiters forecasting hiring activity, coupled with a return to normalcy in hiring practices anticipated by more than half of the recruiters surveyed, hiring outlook survey manifests an optimistic white-collar hiring landscape in the forthcoming half of 2023," said Pawan Goyal, chief business officer, Naukri.com.

According to the report, most recruiters surveyed foresee Business Development, Marketing, and Operation roles to be leading hiring in the coming six months. It also added, mid-experience professionals were expected to remain in demand, followed by entry-level professionals.

Surfing through other dimensions, the survey found that majority of recruiters surveyed remained cautious w.r.t increments offered by their organizations during the last appraisal cycle, with 42% of recruiters saying that their companies gave less than 10% increment and 31% of recruiters revealing that their organizations gave increments in between 10-15%. Also, only 6% of recruiters surveyed said that more than 30% increments were rolled out in the last appraisal cycle.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Growing a Business

Stop the Errors: Set a Review Process That Works

Mistakes make you look unprofessional and hurt your growth. Fix them today.

Franchise

How Franchising Can Alleviate Entrepreneurial Imposter Syndrome

The franchise model can alleviate entrepreneurial imposter syndrome and provide an alternative path towards professional independence.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Data & Recovery

Say Hello to the Secure Cloud Storage Alternative Entrepreneurs Need

Secure, scalable, and cost-effective: Internxt is the smarter choice for cloud storage.