India Inc’s hiring plans for this fiscal look bullish with over 43 per cent corporates spanning diverse industries saying there will be up to a 15 per cent rise in their staff strength during the year, a survey said.

According to staffing firm Genius Consultants’ survey on ‘Hiring, Attrition & Compensation Trend 2016-17’, 44.25 per cent organisations believe that employees with ‘4-8 years’ experience will have the most opportunities in the ongoing financial year.

“Around 45.13 per cent respondents believe that both new vacancies and replacement hiring will take place in a current hiring scenario,” Genius Consultants’ Chairman and Managing Director R. P. Yadav said.

Regarding increments, 46.90 per cent of business houses said 5-10 per cent is the normal range of increments likely in this fiscal.

On attrition, the report said 52.21 per cent industry folks believe ‘junior’ level employees in their organisations are most susceptible to attrition and noted that 38.05 per cent of companies think that the anticipated attrition level in their organisation for 2016-17 would be 5-10 per cent.

A zonal wise analysis shows that the southern region has the brightest hiring scenario currently, followed by the northern, western and eastern zones.

Notably a significant majority of respondents (66.37 per cent) said using analytical tools such as psychometric tests for hiring new recruits is still not the norm for the industry.

The online survey is conducted every year to gauge hiring trends across sectors.

Some of the corporate brands that participated in this year’s survey include, Infosys, Mahindra and Mahindra, Reliance Communications, Alstom India, TCS, Larsen and Toubro, Vijaya Bank, Schneider Electric India and HCL Technologies.

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