There is some cheer for job seekers. Naukri’s hiring outlook for July-December 2018 shows that recruiting sentiment has perked up According to the semi-annual survey by the jobs portal in which over 1,500 recruiters and consultants across 15 industries and 3,300 job seekers participated, 70 per cent recruiters said jobs would be created in the second half of the year compared to just 60 per cent last year. Both replacement hiring as well as new jobs creation would take place simultaneously.

Two-thirds of those surveyed predicted demand for people in the experience band of 1-8 years. Layoffs are expected to be negligible in the coming six months. More than half of the recruiters predicted that hiring would take place in the Sales, Marketing, IT and Operations domain.

On the increments front too, the news is cheerful. Fifty five per cent of recruiters said that average increase in pay will be 10 per cent or higher in the upcoming appraisal cycle. Top performers are expected to get an increment between 10 and 20 per cent.

However, finding the right talent still remains an acute problem. Fifty per cent of the recruiters highlighted that talent crunch would intensify in the coming six months, notably in the IT, Operations, Sales and Marketing domains, where greater hiring is expected.

The experience band of 1-5 years is anticipated to be hit by acute talent shortage. The banking industry expects a talent crunch for freshers.

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