Job portal sees drop in hiring

Job portal sees drop in hiring

A survey by a popular job portal has indicated a considerable drop in hiring by the private sector for 2013-14, owing to economic uncertainty.

Fifty-six per cent of recruiters said the number of students that they will hire through campus placements for 2013 will not be more than that of the previous year, noted the portal in its report.

Among the recruiters who hire only management graduates said they will  limit the number of campus recruitments in 2013.

Recruiters who hire only engineers, however, had a different view. About 50 per cent of them said there will be a drop in campus recruitments. The other half said they will maintain their hiring levels.

In the software sector, which records the highest intake of students from campus, 53 per cent of the recruiters said campus hiring will not be affected. Forty-seven per cent said they will lower their intake in 2013, compared to last year.

The survey covered 125 recruiters across sectors. “Amid the economic uncertainty and uncertain outlook, most companies are cautious about their campus hiring and do not want to go overboard. However, as the survey suggests, companies will still continue to hire but may lower numbers when compared to earlier years,” an official of the website said.

The survey also documented key challenges faced by the recruiters. It found 39 per cent of the recruiters complain about lack of adequate verbal and written communication skills among students. Eighteen per cent of the candidates lacked analytical skills, they said.
About 23 per cent of such students had very high salary expectations from companies. They also pointed out that 19.6 per cent of candidates accept the offer but do not join the staff.