70% employers to expand; mid-level talent in demand: Survey

Mumbai, Sept 14: The country is likely to see high growth in the job market as 70 per cent employers plan to expand their team, a recent survey said.

"India's business market is currently primed for expansion, with the recruitment market being driven by significant industry sectors such as FMCG, retail, healthcare, manufacturing and real estate. About 70 per cent of employers surveyed plan to expand their team," Michael Page's 'India Salary & Employment Forecast' for 2014-15 said.

In addition, many employers seek highly competent professionals at the mid to senior management level, with 45 per cent of surveyed employers indicating that mid-level professionals will be in highest demand in the coming year, the survey report said.

Companies are realising the value of developing employee skills and offering internal career opportunities, as senior level executives and human resources teams recognise the importance of retention strategies, the report said.

"Managing turnover will continue to provide a major challenge for employers in the next 12 months, with 51 per cent of surveyed employers expecting staff to leave their business in the coming year," it said.

Companies are also implementing full-fledged diversity programmes to ensure equal opportunity for candidates irrespective of their background or gender.

In the past few years, employers made strong a headway when it comes to corporate responsibility, including implementing diversity policies to provide equal opportunity to candidates from all backgrounds and genders. About 79 per cent of employers surveyed indicate that women in their organisation are provided equal opportunity to progress to executive level roles as men, the survey report said.

In terms of hiring strategies, 68 per cent of employers invest in digital assets to attract new candidates to the recruitment process, the survey said.

PTI