4th hiring, attrition & compensation trend survey : 2015-16 · the hiring & attrition &...
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4th Hiring, Attrition & Compensation Trend Survey : 2015-16
By Genius Consultants Ltd.
About Genius
Date of Establishment
27th July 1993
Head Quarter
Kolkata
Products
Temporary Staffing
Recruitments
Background Checks
Payroll Processing
Compliance Management
HRMS & Payroll Software
Turnover
Rs. 521 Crores
Offices
17 in India
Manpower
300 Direct
40,000 Associates
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 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 : 2015-16
➢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 : 2014-15
➢Anticipated level of Attrition for the FY: 2015-16
Parameters
• Hiring Trend• Compensation• Attrition
Participation
Mailer Sent to 3200 companies714 companies participatedSuccessful 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, HRSolutions, 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, JamsedpurGuwahati, Bhubaneswar and Pune.
Survey Methodology
Hiring Trend for companies for the FY : 2015-16
Both new vacancies and replacement
hiring will take place50%
New vacancies will be created
22%
Replenishment hiring against attrition will
take place21%
No Hiring 5%
Layoffs will happen
2%
Survey Highlights
50% Both new vacancies
and replacement hiring will take
place
Industries where both new vacancies andreplacement hiring will take place:
IT/ITES/BPOManufacturing,Banking & Finance
Locations where both new vacancies andreplacement hiring will take place:
New DelhiKolkataChennai
Projected increase in Manpower Strength for the FY:2015-16
Increase within (1 - 15%)
51%
Increase within (16 - 24%)
17%
No Increment in Manpower
14%
Increase within (25 - 30%)
13%
Increase above Above 30%
5%
51% say that increase in
manpower strength will be in between 1-15%
Industries where IncreaseWithin (1-15%) will happen :
IT/ITES/BPOManufacturing,Construction & Engineering
Locations where Increase Within(1-15%) will happen :
New DelhiKolkataMumbai
Experience Band for Hiring for the FY : 2015-16
4- 8 years41%
1- 3 years30%
Freshers14%
8-15 years14%
15 years and above1%
41% say that highest level of hiring
will take place in the experience band of
4-8 years.
Increments within
(10% to 15%)48%
Increments within
(5% to 10%)29%
Increments within
(15% to 20%)11%
Increments Less Than (5%)
10%
Increments (20% ) upwards
2%
48% say that increments in
compensation will range from
10-15%.
Range of Increments in Compensation for the FY : 2015-16
Industries where maximum increment in compensation will take place:
IT/ITES /BPOBanking & FinanceConstruction & Engineering
Candidates Sourcing Avenues for the FY:2015-16
23%
20%
15%
15%
10%
9% 8%
Job Portals 23%
Consultants 20%
Campus 15%
Social Media 15%
Referral 10%
Advertisements 9%
Internal Recruitment 8%
Projected Trend in Hiring Male & Female Candidates in FY : 2015-16
80%
20%
Male 80% Female 20%
Difficulties in recruiting for the FY: 2015-16
4- 8 years33%
8 - 15 years25%
1-3 years20%
15 years and above14%
Freshers8%
33% says they will face
difficulties in recruiting in the experience band of 4-8
years.
Industries where difficulties in Recruitments will take place:
Construction & EngineeringManufacturingPharma & Medical
Overall Attrition level for the FY: 2014-15
32% say that attrition rate was
between 5% - 10%
(5%-10%)32%
(10% to 15%)27%
(Less than 5%)23%
(15% to 20%)11%
(Above 20%)7%
Anticipated Attrition for the FY: 2015-16
(5% to 10%)38%
(10% to 15%)27%
(Less than 5%)16%
(15% to 20%)12%
(Above 20%)7%
38% say that attrition rate will be
In between 5% to 10%.