Hiring & Attrition Trend Survey 2014-15 2020-05-31آ  Parameters •Hiring Trend •Compensation •Attrition

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  • Hiring & Attrition Trend Survey 2014-15

    By Genius Consultants Ltd

  • About Genius

    Date of Establishment

    27th July 1993

    Head Quarter

    Kolkata

    Products

    Temp Staffing

    Recruitments

    Compliance Management

    Background Checks

    Payroll Processing

    HRMS & Payroll Software

    Turnover

    450 Crores

    Offices

    16 in India

    Manpower

    300 Direct Employees

    40,000 Outsourced Associates

  • Contents

    Survey –Scope & Methodology

    Survey Highlights

  • Survey –Scope & Methodology

    Scope of the

    Survey

    The Hiring &

    Attrition Trend

    Survey is an

    Annual Survey

    conducted by

    Genius Consultants

    Ltd on Pan India

    basis to understand

    the hiring trend for

    the current

    financial year. This

    is the Third year

    that the survey is

    being conducted.

    Elements Detailed in the Hiring &

    Attrition Trend Survey 2014-15

    Hiring Trend for companies

    Projected increase in Manpower Strength

    Experience band for hiring

    Range of increments in compensation

    Candidate Sourcing avenues

    Perks that will be offered to Senior / Top Management level

    Difficulties in recruiting

    Overall Attrition level for the FY : 2013-14

    Anticipated level of Attrition for the FY: 2014-15

  • Parameters

    • Hiring Trend • Compensation • Attrition

    Participation

    •Mailer Sent to 3000 companies •824 companies participated •Successful participation 575

    Technology

    • Web based.NET technology Used • Database SQL Server 2008R2 • Language ASP.net C#

    Industries

    • Auto & Auto Ancilliary , Banking & Finance, Construction & Engineering, Education, FMCG, Hospitality,IT,ITES &BPO, Logistics & Supply Chain, Media, Oil & Gas, Pharma & Medical, Power & Energy, Real Estate, Retail and Telecom.

    Cities

    • Kolkata , Chennai , Mumbai, Bangalore, New Delhi, Hyderabad, Ahmedabad and Pune.

    Survey Methodology

  • Hiring Trend for companies for the FY:2014-15

    Both new vacancies and replacement

    hiring will take place 55%

    New vacancies will be created

    18%

    Replenishment hiring against attrition will

    take place only 15%

    No Hiring 6%

    Layoffs will happen

    6%

    Survey Highlights

    55% believes that both new vacancies and replacement hiring

    will take place

    Industries where both new vacancies and replacement hiring will take place:

    Manufacturing, IT/ITES /BPO Banking & Finance FMCG Construction & Engineering

    Locations where both new vacancies and replacement hiring will take place:

    Kolkata Bangalore Chennai Mumbai New Delhi Pune

  • Projected increase in Manpower Strength for the FY:2014-15

    Increase within (1 - 15%)

    45%

    Increase within (16 - 24%)

    21%

    No Increment in Manpower

    17%

    Increase within (25 - 30%)

    12%

    Increase above Above 30%

    5%

    45% say that increase in manpower

    strength will be in between 1-15%

  • Experience Band for Hiring for the FY:2014-15

    4- 8 years 39%

    1- 3 years 30%

    Freshers 18%

    8-15 years 11%

    15 years and above 2%

    39% say that highest level of hiring

    will take place in the experience band of

    4-8 years.

  • Increments within

    (10% to 15%) 40%

    Increments within

    (5% to 10%) 33%

    Increments within

    (15% to 20%) 13%

    Increments Less Than (5%)

    10%

    Increments (20% ) upwards

    4%

    40% say that increments in

    compensation will range from

    10-15%.

    Range of Increments in Compensation for the FY:2014-15

    Industries where maximum increment in compensation will take place:

    IT/ITES /BPO Banking & Finance FMCG Manufacturing Construction & Engineering

  • Candidates Sourcing Avenues for the FY:2014-15

    19%

    18%

    16%14%

    12%

    11%

    10%

    Job Portals 19%

    Consultants 18%

    Campus 16%

    Referral 14%

    Advertisements 12%

    Social Media 11%

    Internal Recruitment 10%

  • 33%

    20% 18%

    13%

    9% 7%

    Performance Linked Incentive 33%

    Mediclaim Policy 20%

    Long Service Rewards 18%

    Car Scheme 13%

    Petrol Reimbursement 9%

    Professional Memberships 7%

    Perks for Senior / Top Management Level for the FY 2014-15

  • Difficulties in recruiting for the FY: 2014-15

    4- 8 years 31%

    1- 3 years 26%

    8-15 years 19%

    15 years and above 15%

    Freshers 9%

    31% says they will face difficulties in

    recruiting in the experience band of 4-8 years.

  • Overall Attrition level for the FY: 2013-14

    35% say that attrition rate was less

    than 5%

    (Less than 5%) 35%

    (5% to 10%) 32%

    (10% to 15%) 23%

    (15% to 20%) 7%

    (Above 20%) 3%

  • Anticipated Attrition for the FY: 2014-15

    (5% to 10%) 40%

    (Less than 5%) 32%

    (10% to15%) 18%

    (15% to 20%) 8%

    (Above 20%) 2%

    40% say that attrition rate will range in

    between 5-10%.