Indian Employers Prefer Youth
The second India Skills Report 2015 is showing that about 72% employers prefer to hire candidates in the age 30 years and below. This preference for the young workforce is good news wherein 60% of population is going to belong to the working age by 2020. This is one of the major findings of the India Skills Report 15 launched at the CII - 6th Global Summit on Skill Development.
India Skills Report is a joint initiative by Wheebox, Global Talent Assessment Company, PeopleStrong, India’s leading platform based multi-process HR Outsourcing and Recruitment Company and LinkedIn, World’s largest professional network.
The 2nd India Skills Report shows an upward trend in hiring spread across 29 states & 7 UTs. The top states with employable skill pool include Rajasthan, Andhra Pradesh, Haryana, Kerala & Karnataka which have held their positions from last year, and U.P, Tamil Nadu, West Bengal & Orissa are the new entrants. An overall increase of about 23% expected in the hiring numbers per month, the job outlook confirms with the expectation of a growing market in the coming year for India.
Out of about 11 sectors surveyed, Hospitality and travel lead the way followed by BFSI and Core sectors which will see major increase in hiring with more than 25% hiring to be expected and other manufacturing (excluding Auto, Consumer goods & durables,), Pharma & Healthcare and Telecom and allied , there is an increase of more than 10% in monthly hiring.
The report also brings out a general trend amongst the employers while looking for candidate prefer Internal Referrals followed by Job portal and social media. The trend of choosing candidate with the use of social media has increased from 6% last year to 12% this year.
One of the notable highlight of the Wheebox-PeopleStrong-LinkedIn study has been the challenge of Corporate for maintaining gender diversity. Though the numbers have improved from last year, it is the male employees who still are in majority. In comparison with last year’s report the number of women employees across industries has increased to 38% females last year this number was reported at 34%.
Nishant Rao, Country Manager (India) LinkedIn said on their association with India Skills Report, “The India Skills Report is an extremely important benchmark to help us measure and evaluate progress against this challenge because if we can't measure it, we can't fix it! It’s been great to see the momentum building over the last year with positive changes in national skill policy, clearer ownership & accountability for skills development, and the accelerated adoption of digital technology. At LinkedIn, we are always striving to create a more relevant experience for Indian graduates and young professionals to help them be more productive & successful. And given the unique visibility we have into each of their distinct needs, we believe we can make a meaningful difference to helping the ecosystem deliver this impact at scale.”
Photo: Dilip Chenoy - Managing Director & CEO of the National Skill Development Corporation (NSDC), Debashish Sharma - COO PeopleStrong, Nishant K Rao – Country Manager India Linkedin; Patrick Suckling – Australian High Commissioner , Ian Macfarlane – Minister for Industry Govt of Australia; Adi Godrej Chairman Godrej Group ; Nirmal Singh – Founder & CEO Wheebox ; Pramod bhasin - Chairman CII National Committee on Skill Development and Mr Praveen Dwivedi - Director Skills, Wheebox during the release of India Skills Report 2015 in Mumbai at CII ‘6th Global summit on Skill Development 2014’