There is good news for job hunters as hiring activity in 2014 is set to see an upward trend, with IT and pharma sectors expected to lead the front, according to a new survey.

The Naukri Hiring Outlook Survey 2014, a half yearly survey which gauges the hiring sentiments of companies, was conducted among over 800 recruiters.

“Approximately 64 per cent recruiters indicated the creation of new jobs this year. This represents a more positive outlook in comparison to July 2013 when only 54 per cent recruiters signalled the creation of new jobs,” the survey said.

However, replacement hiring is likely to contribute less to the overall hiring with only 30 per cent recruiters expected to engage in it in 2014 versus 54 per cent recruiters in second half of 2013.

There is more reason for cheer as layoffs too, are also expected to decrease with only 2 per cent recruiters anticipating them in first half of 2014 compared to 5 per cent recruiters in the second half of 2013, the survey said.

It also showed that increments in 2014 are expected to be at par with the 2013 levels. “While approximately 70 per cent recruiters expect increments within the 5-15 per cent range, the proportion within this has tilted in favour of 5-10 per cent in 2014 as opposed to 10-15 per cent in 2013,” the survey added.

(This article was published on April 7, 2014)
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