2018 Hiring outlook : Wisdomjobs survey

The rise in the recruitment activities in the last quarter of 2017 projecting that the Indian job market is under recovery phase. So it is a key indication that 2018 will be positive on hiring front. Recruiters are aggressively hiring Millennials, who are already a major part of the workforce, are leading to the creation of new job profiles and improvisations in the benefits segment.

Key findings of the wisdom jobs employment outlook 2018 survey:

1.Over 67% companies find any competition or threat from startups, as well as nearly 33% companies feel that startups pose a business challenge to them finds wisdom jobs reviews survey team.
2.According to the wisdom jobs complaints survey nearly 56% companies expected to see major hiring could be from the metro cities, followed by Tier I cities, Tier II and III cities.
3.Recruitment trends 2018 expected to emerging aspects like:
4.Compensation and benefits
5.Employee retention
6.Creating an employee friendly environment in the workplace
7.Flexible working hours and many more.

Employment generating sectors in 2018:

1.Survey finds that hiring sentiments in 2018 will increase, as mentioned by 60% of surveyed organizations.
2.Over 26% companies feel that the hiring sentiment would decline, whereas remaining 14% said it would remain the same.
3.The survey finds that nearly 55% organizations feel that there would be 5-10% rise in the hiring sentiment.
4.Over 31% recruiters feel that there will be a rise of 10-15% in the hiring sentiment. Most sought after industries in 2018
5.Over 26% companies said that the IT/ Telecom sector will be the largest employment generator.
6.Over 19% employers feel that the manufacturing and engineering sectors would create more jobs in 2018.
7.More than 18% recruiters estimated that the project/infrastructure sector would bring more jobs.
8.Nearly 15% companies feel that healthcare sector will create the maximum employment in 2018.
9.Over 12% organizations feel that the retail industry will be the prime employment generator.
10.Meanwhile, 11% companies feel that automobiles sector will create more jobs in 2018.
Most sought after functional areas in 2018:
1.As per the survey, over 25% of feel that sales/business development will be the most sought-after functional area.
2.Over 25% organizations feel that marketing and advertising would be the second most demanded functional area.
3.Nearly 12% companies said that human resources professionals will be the most sought after functional area and nearly 10% feel that talent demand in the administration function will be most demanded functional area in 2018.
4.The survey also mentioned that nearly 7% recruiters feel that the finance would be one of the most demanded functional areas.
In demand experience categories in 2018:
1.Over 35% organizations are expected to hire candidates with a work experience of 2-5 years.
2.Nearly 33% companies will hire candidates with an experience range of 5-10 years.
3.More than 12% employers will seek candidates with a work experience of less than 2 years.
4.While only 10% of companies will hire candidates with a work experience of more than 10 years.
Hiring outlook for women professionals:
1.More than 57% organizations would hire more women in 2018 and only 43% denied hiring more women employees.
2.Over 32% of organizations said that they would hire women professionals at the junior level.
3.On Average 60% recruiters would hire females at the middle level and about 8% would recruit women professionals at the senior level.

2018 Top HR trends

Following are the top of the hottest HR trends going in 2018.

●  Applicant assessment
Applicant assessment tests are used to hire a potential candidate before hiring. The assessment tests may include skill tests for technical jobs and personality test to know the company culture fit. These assessments are gaining popularity over past two years. Recent surveys mentioned that applicants hate long, rambling and transparent assessments with good applicant experience. To get the fruitful results of an applicant assessment you need focus on efficacy rather than focusing on end results.

●  Wellness
Wellness of an employee promotes mental and physical health. It may include various benefits that have been offered to an employee like healthcare packages—or activities in the office as part of a company culture promoting a healthy lifestyle. Wellness in the workplace may include healthy ways that encourage them to promote company culture and healthy lifestyle. Healthy lifestyle ways may include games and sports fun activities for employees, nutritional health campaign and local run etc.

●  Out of office employees
With the growing technology many companies are offering flexible and work from home policies. If you already have a work from home policy, then look for the ways to make it easier to your employees. Consider software tools to connect over long distances in an easy way. If you are looking to start work from home policy then develop a solid plan to implement it.

●  Diversifying perks
When you are looking to update your benefit plans then ask your employees what they really want and what aren’t. Most of the employees don’t need long lunch hours but they expect healthy work-life balance.

●   Internet of things comes to the office
Internet of things (IoT) has made many tasks smart in office with an internet connection. These tasks may include giving you an alert or handling small tasks. However IOT integration is very low in many offices. But you can connect and expect to see many wonders in the future.