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 place55%

New vacancies will be created

18%

Replenishment hiring against attrition will

take place only15%

No Hiring6%

Layoffs will happen

6%

Survey Highlights

55% believes that both new vacancies and replacement hiring

will take place

Industries where both new vacancies andreplacement hiring will take place:

Manufacturing,IT/ITES /BPOBanking & FinanceFMCGConstruction & Engineering

Locations where both new vacancies andreplacement hiring will take place:

KolkataBangaloreChennaiMumbaiNew DelhiPune

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 years39%

1- 3 years30%

Freshers18%

8-15 years11%

15 years and above2%

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 /BPOBanking & FinanceFMCGManufacturingConstruction & 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 years31%

1- 3 years26%

8-15 years19%

15 years and above15%

Freshers9%

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%.