India Inc to Increase Hiring by 31% in 2019

India Inc expected to raise their hiring budgets by 34 per cent and volumes by 31 per cent in 2019, according to a report.

“The average hiring volumes are expected to rise by 31 per cent in 2019, compared to 25 per cent last year,” according to Mercer-Mettl’s 2nd Annual ‘State of Talent Acquisition  2019’.

In addition, the report revealed that companies that were surveyed are expected to raise their hiring budgets by at least 34 per cent compared to 20 per cent of companies in 2018.

The report is based on a survey of over 900 recruitment decision-makers including VPs, SVPs, EVPs, C-suite executives, directors, managers and HR executives from across the country.

The report noted that technology will be a critical driver for achieving better outcomes, as well as for adapting to the growing changes in the job market and the hiring landscape.

These outcomes are limited not just to recruiting an adequate number of professionals and retaining them but also managing their human capital efficiently.

According to the report, technology is employed extensively in sourcing (88 per cent) candidates, while it is used the least when-boarding (49 per cent), candidates.

In addition, a lack of budget (33 per cent) is the biggest obstacle to implementing technology in the talent acquisition process.