4 th Hiring, Attrition & Compensation Trend Survey : By Genius Consultants Ltd.

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Cecilia Hart
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1 4 th Hiring, Attrition & Compensation Trend Survey : By Genius Consultants Ltd.

2 About Genius Date of Establishment Head Quarter Products Turnover Offices Manpower 27 th July 1993 Kolkata Temporary Staffing Rs. 521 Crores 17 in India 300 Direct Recruitments 40,000 Associates Background Checks Payroll Processing Compliance Management HRMS & Payroll Software

3 Contents Survey Scope & Methodology Survey Highlights

Survey Scope & Methodology Scope of the Survey The Hiring & Attrition & Compensation Trend Survey is an Annual Survey conducted by Genius Consultants Ltd on Pan India basis to understand the hiring

4 Survey Scope & Methodology Scope of the Survey The Hiring & Attrition & Compensation 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 Fourth year that the survey is being conducted. Elements Detailed in the Hiring & Attrition Trend Survey : Hiring Trend for companies Projected increase in Manpower Strength Experience band for hiring Range of increments in compensation Male & Female Hiring Ratio Candidate Sourcing avenues Difficulties in recruiting Overall Attrition level for the FY : Anticipated level of Attrition for the FY:

Survey Methodology Parameters Hiring Trend Compensation Attrition Participation Mailer Sent to 3200 companies

net technology Used Database SQL Server 2008R2 Language ASP.

Education/Teaching/Training, FMCG, Hospitality, HR Solutions, IT,ITES &BPO, Logistics, Manufacturing, Media,

5 Survey Methodology Parameters Hiring Trend Compensation Attrition Participation Mailer Sent to 3200 companies 714 companies participated Successful participation 602 Technology Web based.net technology Used Database SQL Server 2008R2 Language ASP.net C# Industries Auto & Auto Ancilliary, Banking & Finance, Construction & Engineering, Education/Teaching/Training, FMCG, Hospitality, HR Solutions, IT,ITES &BPO, Logistics, Manufacturing, Media, Oil & Gas, Pharma & Medical, Power & Energy, Real Estate, Retail, Telecom. Cities Kolkata, Chennai, Mumbai, Bangalore, New Delhi, Hyderabad, Ahmedabad, Lucknow, Coimbatore, Chandigarh, Jamsedpur Guwahati, Bhubaneswar and Pune.

6 Survey Highlights Hiring Trend for companies for the FY : Replenishment hiring against attrition will take place 21% New vacancies will be created 22% No Hiring 5% Layoffs will happen 2% Both new vacancies and replacement hiring will take place 50% Industries where both new vacancies and replacement hiring will take place: IT/ITES/BPO Manufacturing, Banking & Finance Locations where both new vacancies and replacement hiring will take place: 50% Both new vacancies and replacement hiring will take place New Delhi Kolkata Chennai

7 Projected increase in Manpower Strength for the FY: Increase within (25-30%) 13% Increase above Above 30% 5% No Increment in Manpower 14% Increase within (1-15%) 51% Increase within (16-24%) 17% Industries where Increase Within (1-15%) will happen : IT/ITES/BPO Manufacturing, Construction & Engineering Locations where Increase Within (1-15%) will happen : 51% say that increase in manpower strength will be in between 1-15% New Delhi Kolkata Mumbai

8 Experience Band for Hiring for the FY : years 14% 15 years and above 1% Freshers 14% 4-8 years 41% 1-3 years 30% 41% say that highest level of hiring will take place in the experience band of 4-8 years.

9 Range of Increments in Compensation for the FY : Increments Less Than (5%) 10% Increments within (15% to 20%) 11% Increments (20% ) upwards 2% Increments within (10% to 15%) 48% Increments within (5% to 10%) 29% Industries where maximum increment in compensation will take place: IT/ITES /BPO Banking & Finance Construction & Engineering 48% say that increments in compensation will range from 10-15%.

10 Candidates Sourcing Avenues for the FY: Job Portals 23% Consultants 20% 9% 8% Campus 15% 23% 10% 15% 15% 20% Social Media 15% Referral 10% Advertisements 9% Internal Recruitment 8%

11 Projected Trend in Hiring Male & Female Candidates in FY : % Male 80% Female 20% 80%

12 Difficulties in recruiting for the FY: Freshers 8% 15 years and above 14% 4-8 years 33% 1-3 years 20% 8-15 years 25% Industries where difficulties in Recruitments will take place: Construction & Engineering Manufacturing Pharma & Medical 33% says they will face difficulties in recruiting in the experience band of 4-8 years.

13 Overall Attrition level for the FY: (15% to 20%) 11% (Above 20%) 7% (5%-10%) 32% (Less than 5%) 23% (10% to 15%) 27% 32% say that attrition rate was between 5% - 10%

14 Anticipated Attrition for the FY: (15% to 20%) 12% (Above 20%) 7% (5% to 10%) 38% (Less than 5%) 16% (10% to 15%) 27% 38% say that attrition rate will be In between 5% to 10%.

5 th Hiring, Attrition & Compensation Trend Survey : By Genius Consultants Ltd.

5 th Hiring, Attrition & Compensation Trend Survey : 2016-17 By Genius Consultants Ltd. About Genius Date of Establishment Head Quarter Products Turnover Offices Manpower 27 th July 1993 Kolkata Flexi