​N​ine in 10 ​recruiters expect either new​ and/or replacement hiring over next six months: Naukri Hiring Outlook

economictimes.indiatimes.com:

hiring forms to happen over the next six months, finds a new survey. 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, according to Naukri's Hiring Outlook Survey, a bi-annual survey conducted amongst 1200 recruiters and recruitment consultants to gauge forward-looking hiring trends across companies and industries.

The survey shows that only 4% of recruiters surveyed foresee layoffs/downsizing in the July-December '23 period, revealing that India Inc is primarily optimistic about hiring trends in the second half of 2023. Most recruiters surveyed foresee business development, marketing, and operation roles to be leading hiring in the coming six months.

Mid-experience professionals were expected to remain in demand, followed by entry-level professionals. Almost seven in 10 recruiters surveyed expect attrition rates to remain below the 15% level in the coming six months, and only a tiny fraction of them predicted higher attrition rates of 40% or more.

These expectations around attrition trends show that employees will look to hold onto their current job profiles amidst current job market uncertainties. The highest attrition rates are expected across business development, marketing, operations, and HR roles, as well as mid-level experience professionals.

A majority of recruiters surveyed remained cautious about increments offered by their organisations 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 organisations gave increments in between 10-15%. Only 6% of recruiters surveyed said that