HIRING, COMPENSATION AND ATTRITION TRENDS :: EXCLUSIVE SURVEY ::

Transcription

1 HIRING, COMPENSATION AND ATTRITION TRENDS :: EXCLUSIVE SURVEY ::

2 Genius Consultants Limited is an ISO 9001:2015 & ISO/IEC 27001:2013 certified Recruitment Consulting Organization Founded by Mr. Rajendra Prasad Yadav on 27 th July, 1993 Fastest growing Staffing company and 2 nd largest evolving recruitment company in India Currently the company has clients, 50,057 outsourced associates and 392 direct manpower strength (as on 5 th, February 2018) With a legacy of 25 years, it provides services like: Permanent Staffing Solutions I Flexi Staffing Solutions Payroll Processing Services I IT Recruitment & Staffing Background Checks I Facility Management & Security Services I Compliance Management & Audit I HRMS Software

3 Genius has its presence in 15 Indian states Kolkata (HQ) Bhubaneshwar Lucknow New Delhi Chandigarh Patna Chennai Hyderabad Kochi Bangalore Ahmedabad Indore Pune Guwahati Mumbai

4 CONTENTS: Survey Scope Survey Methodology Survey Approach Highlights Future HR Trends

5 Hiring, Compensation & Attrition Survey About the survey The Hiring, Attrition & Compensation Trend Survey is an exclusive and exhaustive Annual Survey conducted by Genius Consultants Ltd on Pan India basis with a support from more than 1 lakh database Aims to understand a wide range of current and emerging hiring, compensation and attrition trends in organizations Provides reference points on key aspects such as increments, variable pay, benefits, employee attrition and retention and lastly potential future trends for the current financial year This is the Seventh successful year that the survey is being conducted rigorously across all industries, designations, sectors and organizations Elements Detailed in the Hiring & Attrition Trend Survey : Current hiring scenario in the country Increase in Manpower Strength Experience levels with most opportunities Major candidate sourcing avenues Experience levels facing bottlenecks in recruitment Range of increments in organizations Projected trend in hiring male & female candidates Actual and anticipated attrition level in organizations Employees most susceptible to Attrition Levels of employees most susceptible to attrition Zone with brightest hiring scenario in India Importance of back ground checks in India

6 Survey Methodology Survey launch and data collection To solicit participation, formal invitations and an online questionnaire were sent to the target respondents Data auditing and query resolution The responses received from all participants were validated and checked for consistency and completeness. In case of a query, reports were sent out to the participating companies Survey Design Key parameters of the study were finalized and a structured questionnaire was designed as the primary tool for data collection. A broad cross section of sectors and management levels covered in the study were finalized Data Analytics Data received was collated and analyzed to get detailed insights on sector wise practices, compensation and benefits trends Report Launch Launch of Annual Hiring, Compensation and Attrition Trends Survey Report (FY 18-19)

7 Survey Methodology Parameters Hiring Trend Compensation Attrition Participation Participation came from 881 corporate organization Technology Web based.net technology Used Database SQL Server 2008R2 Language ASP.net C# Industries Auto & Auto Ancillary, 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, Jamshedpur Guwahati, Bhubaneswar and Pune.

8 Survey Approach Males Females

9 Hiring Scenario in What will be the Hiring Scenario for your Company in FY ? 19.05% 19.84% 1.59% 2.38% 57.14% Both new vacancies and replacement hiring will take place New vacancies will be created (Opportunities apart from the current head count) Replenishment hiring against attrition will take place only No Hiring Layoffs will happen

10 Projected Increase in Manpower Strength in What will be the projected increase in Manpower Strength of your company in FY ? 7.94% 7.94% 42.06% 1-15% 16-24% 25-30% 24.60% Above 30% 17.46% No Increment in Manpower

11 Experience Levels with Most Opportunities in Which of the following experience levels will have the most opportunities in the FY ? 3.17% 3.17% 11.90% 1-5years 5-10 Years years 28.57% 15 years and above 53.17% Freshers

12 Major Candidate Sourcing Avenues in Indicate various candidate sourcing avenues for the FY in accordance to your priority 11.37% 7.89% 20.65% Job Portals Employee Referral 13.69% Referral 16.70% Consultant Campus 13.92% 15.78% Social Media Advertisements

13 Experience Levels with Maximum Bottlenecks in Recruiting in In which experience levels, did you observe maximum bottle necks in recruiting? 22.22% 6.35% 10.32% Freshers 1-3 Years 33.33% 4-8 Years 8-15 Years 27.78% 15 Years and above

14 Range of Increments in Please mention the range of increments of your organization in the FY % 3.97% 5.56% Less Than 5% 5% to 10% 10% to 15% 15% to 20% 20% upwards 41.27% 37.30%

15 Hiring Trends Male vs Female Candidates in Kindly indicate your organization's projected trend in hiring male and female candidates in % Male Female 57.77%

16 Anticipated Attrition Trends in Kindly indicate the anticipated attrition level of your organization in FY ? 32.54% 8.73% 1.59% 24.60% 32.54% Less Than 5% 5% to 10% 10% to 15% 15% to 20% Above 20%

17 Employee Level Most Susceptible to Attrition in Which level Employees in your organization is most susceptible to attrition? 3.97% 19.84% 36.51% Junior level Middle level Top level Senior level 39.68%

18 Zone in India with Brightest Hiring Scenario in According to you, which zone in India has the highest hiring scenario currently? 21.43% 15.87% 32.54% Southern Western Northern Eastern 30.16%

19 Importance of Background Checks Before Recruiting in How crucial is background verification checks in your organization before filling up key positions? 1.59% 30.16% Very important Moderately important Non existent 68.25%

20 THANK YOU Key Contacts: Ms. Sujata Gangopadhyay Deputy Manager Corporate Communications & Branding Genius Consultants Limited