Slowing Down To Speed Up

SLOWING DOWN TO SPEED UP THEN India had the weakest job outlook in the Asia Pacific region in the past 8 years* 26% of the 71,000 respondents in the Manpower Employment Outlook Survey expected staff strength to increase while The country had been grappling with economic uncertainty for the past two years and is now showing signs of revival. The biggest indication of that is the opening of the job market. 54% anticipated no change. *For July-September 2013 NOW GDP In the past two years, India has been in the throes of an economic slowdown as GDP slipped growth registered for January 2014 in Monster Employment 11% to record even the lowest in a decade. Index India released of respondents in Randstad India's global WorkmonitorWave 2013 survey are hopeful about 5.2% 4.9% 4.4% 84% Mid-2012 the economic situation in 2014 FY14 June qtr 2013 (Projected) 86% are expecting a higher pay raise in comparison to previous year WHAT WILL IMPACT HIRING IN 2014? • Lok Sabha elections • Availability of talent • Gender diversity EXPECTED SALARY HIKES Source of recruitments O Rationalization of cost-intensive roles 1% 5% 10% 15% 20% BFSI | 10-20% Manufacturing and engineering | 11-12% Real Estate 14-16% Pharma 14-16% SECTORS THAT WILL SEE GROWTH IT-ITES 10-12% Media 10-11% BFSI IT-ITES Healthcare Hospitality | Infrastructure | Source: Mancer Consulting | Infographic by DaSantosh.com