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Latest Trends in Indian
Talent Market 2019
We have been living in an increasingly globalised economy and at the same time, our
times have remained turbulent. We witness trade spats among leading economies
impacting lives in several other countries. Nations have taken aggressive stances to
leave trade blocs or impose sanctions on others. Technology has become ubiquitous,
internet is available to more people than safe drinking water; and at the same time, we
see voices against internet due to the abuses. We have paradoxical situations in many
walks of life. India continues its ascent on the global stage, the growth momentum
keeps our economy ticking and at the same time, we have a unique situation of
millennials joining the labour pool, companies trying to automate jobs and optimize
their workforce. General outlook towards the labour market and economy is positive.
Companies are looking for top talent to beat their competition and at the same time,
candidates are doing their best to maximise their prospects. Hence, Talent Acquisition
has emerged as a Board Room discussion topic. CIEL surveyed 135 executives across
industry sectors to understand their perspectives of the talent market. We asked them
about the challenges they face in attracting top talent and their talent strategies. We
learnt about candidate behaviours such as what they negotiate while taking an offer,
the push factors that operate on them and so on. Combined with our insights and
experience, we have put together this edition of CIEL Works.
CIEL Works 2019 shows, talent availability is a major challenge for attracting talent to
an employer brand. Great talent is hard to come by and hence, salaries and benefits
have emerged as another big challenge. Companies have started using AI to automate
repetitive tasks in recruiting. They are deploying their energies to strengthen their
employer brand by the use of HR Tech Tools and making the workplace relevant for
millennials who are a rising constituent of the workforce.
We believe, these insights about the talent landscape will help Business Leaders deal
with the challenges in hiring top talent better and drive organizational growth.
Executive Summary
Recruitment activities have started picking up. Organizations are experiencing
2 challenges the most in attracting Top talent : Availability and Compensation &
Benefits.
Since companies are unable to find great talent, salaries and benefits have naturally
emerged as a big challenge.
Last year, 65% of the respondents mentioned Salary and benefits as the most
important challenge vis-à-vis this year’s score of 58%.
Like the last year, we continue to find Employer brand, Notice period and Competing
offers as the other 3 significant challenges.
Talent availability has emerged as the most
important challenge in attracting Top Talent
1
Challenges while attracting Top Talent
Online platforms rule the roost by a big margin over the other methods of employer
branding. Recruiters need to invest on social platforms and job portals to
communicate the employee value proposition.
In the last year’s study, we saw similar trends.
LinkedIn and Job sites are the most effective
channels for Employer Branding
2
Most effective channels while spreading brand
awareness other than traditional media
JOB
Most respondents (73%) say that Senior Leaders are concerned about quality of hire,
speed of hire and cost. As Top talent is hard to come by, it is natural that the senior
leaders are focusing on their talent acquisition process.
Next big trend is about leading millennials at work. As the workforce has an increasing
number of millennials, many organizations are coaching their people in managerial
roles to lead their teams effectively. Further, organizations are reviewing their policies
and workplace norms for their relevance.
Focus on employer branding and employee experience continue to remain relevant.
However, given the developments in external environment, boardrooms are focused on
getting great talent on board and making their workplace attractive for millennials.
Hiring is a Board Room Topic and at the same
time, Millennials are in focus
3
Facebook as a channel has emerged strongly this year vis-a-vis last year. This is most
relevant for junior roles, particularly for hiring freshers.
While Employee Referral works across all levels, they are most effectively used for
hiring junior roles.
Top 3 channels used to recruit junior roles are : Facebook, Job portals and Employee
Referrals.
Recruitment Agencies play a role in filling roles across all the levels in an organization.
They are the most relevant channel while recruiting mid-senior roles (CTC between
25 and 50 lacs pa) and senior roles (CTC above 50 lacs pa)
LinkedIn has increased its significance as a channel for roles across the spectrum (CTC
from 4 lacs pa) unlike the past years where they were relevant for mid to senior levels
only.
One size doesn’t fit all :
channelize recruiting efforts based on the level of
role to be filled
4
Senior roles are typically filled in 60-180 days, Mid-Level roles in 30-60 days and Entry
Level roles in less than 45 days.
Above results are similar to what we found last year.
However, a significant portion of the respondents (47%) do not conform to these
results.
This trend outlines the fact that many companies are not finding adequate number of
candidates interested in them.
Cycle Time to On-board a new joinee depends
on the Level of Role to fill5
30% Senior candidates are expecting salary hikes north of 30% while taking up a new
job. And 30% of them are fine with hikes below 20%. This shows polarisation in
demand-supply situation of senior candidates. On one hand, we have a group of people
who are keen to get on with a senior role without bothering too much of about salaries
and benefits. And on the other, we have a group of people who know that they are in
demand and are trying to maximize their rewards.
Nearly half of the candidates for mid-level roles look for a hike 20% to 30%. Last year,
we found similar trend.
36% of candidates for junior roles are expecting salary hikes exceeding 20%. This
points to the fact that talent availability is low and hence, candidates are trying to
maximize the yield while changing a job.
High Salary Expectations while taking up a new Job6
₹
₹ ₹
₹
₹ ₹ ₹
Candidates at entry level roles are most concerned about salaries followed by work
location and designation. This is similar to what we found last year except the point that
salaries have become more important with respect to the other 2 factors. This points to
the fact that we have millennials in this group having an optimistic outlook of the job
market.
Candidates in mid-level roles are concerned about salaries, designation and variable
pay. Clearly, they are seeking growth and corresponding financial rewards.
For senior level roles, candidates are interested in a number of factors : salaries,
benefits, variable pay, designation and job role. While negotiating an offer with a
potential candidate for a senior role, we have to focus on all the 5 aspects.
While discussing an Offer with a potential hire,
focus varies based on the Level of role hired7
While someone takes up an entry level role, the points of discussion have to be Comp
& Ben (61%). Work culture, work location and career development are the 3 next
important factors to discuss. The least significant factor is long term vision and
leadership.
For a mid-level role, we need to discuss 2 important factors : work culture and Comp &
Ben. Career development and job security are the 2 next important factors for the
prospective candidates. Title, work location, employer brand reputation and financial
health are the next set of factors in their mind.
Senior level candidates are concerned about many aspects. Top 5 factors are : financial
health of the company, job title, long term vision, employer brand reputation and work
culture.
Deep Dive reveals Horses for Courses8
Push Factors for people in Entry Level Roles :
Growth, Long work hours and Manager
9a
Entry level professionals come across many opportunities. The top reasons for them to
look for a job change are: Comp & Ben, Long work hours / too much work, Manager and
Career Progression. Long work hours has emerged as a significant push factor in the
study. This reflects a change in outlook towards work life. The change is being led by an
increasing population of millennials in the workforce who want to deploy energies and
time on their areas of interest other than what they do for a living.
Salaries and benefits being at the top is not a surprise given the finding that
availability of top talent is a challenge. Career progression having emerged as a key
push factor is not a surprise because it reflects the ambition of our workforce and at the
same time, their optimism and confidence in the economy.
Career Progression comes as the most important factor because people in the
mid-level of an organization are most concerned about the relevance of their career
and earning potential in the future. Their priority in favour of this factor over salaries
shows, they are thinking for the long-term.
Organizations will do a lot of good for themselves if they focus on development of their
mid-level executives and create challenging opportunities for them within so that they
can deliver greater business impact. Leaders need to lead such programmes hands-on
to demonstrate their commitment to career progression of their mid-level managers.
Interpersonal relationships, collaborative work, recognition and empathy of the
manager play an important role in making the day satisfying or otherwise. This
becomes the next most important push factor for someone to look for greener pastures
outside the company.
Push Factors for people in Mid Level Roles :
Career Progression, Comp & Ben, Manager
followed by mismatches in values
9b
Professionals in senior roles are typically in a phase of their life to build a legacy, leave
their mark on an organization or the industry sector. Hence, their priorities in life and
expectations from their employer are very different from the people in junior and
mid-level roles.
They expect the company track record and performance to be in the positive direction
so that they can contribute in furthering the journey. Secondly, they expect a match
between their personal beliefs and the company’s values. These two determine their
motivation and hence, tenure in the organization.
It is important to make deeper assessment of the candidates at the time of recruiting
senior roles and provide them a realistic preview of the role before they are offered.
Push Factors for people in Senior Level Roles:
Company performance and mismatches in values9c
Clear trends are visible that AI will be used to find best-matching candidates from
online databases. Secondly, use of social networks to build employer brand and attract
candidates to job posts is seen as a clear trend.
Organizations could work with their recruitment teams (outsourced or in-house) to
drive their digital strategy to build employer brand and deploy the best practices to
draw top talent towards them.
Talent Market Trends : near future
Respondent Profile
Female
Male
Location Industry Sector
Level in the Organisation Size of Organisation
CIEL started in 2015 by the Founders of Ma Foi which had grown to be the largest HR
services company in India and had operations in 14 countries in the world. It marks the
return of HR visionaries to the HR Services industry, powered by technology and
analytics. With a rich experience of 27 years of the founding team, CIEL offers
Recruitment Services and HR Consulting Services to companies in India and Middle
East. CIEL services talent needs of more than 1200 clients and has placed more than
15,000 professionals already in a short span of time. Leveraging new technologies
such as machine learning, CIEL is at the forefront of the industry in introducing
innovative practices. CIEL finds talent for Manufacturing, Energy, Infrastructure, IT &
Outsourcing, Financial Services, Consumer Products, Pharma and Services sectors. With
a pan-India presence in 34 locations, CIEL has international presence in Dubai.
Ciel is a French word meaning ‘sky’. For us, it’s the peak of excellence that we strive to
achieve as we fulfil your talent needs and meet career aspirations of candidates.
About CIEL HR

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Latest Trends in Indian Talent Market 2019

  • 1. Latest Trends in Indian Talent Market 2019
  • 2. We have been living in an increasingly globalised economy and at the same time, our times have remained turbulent. We witness trade spats among leading economies impacting lives in several other countries. Nations have taken aggressive stances to leave trade blocs or impose sanctions on others. Technology has become ubiquitous, internet is available to more people than safe drinking water; and at the same time, we see voices against internet due to the abuses. We have paradoxical situations in many walks of life. India continues its ascent on the global stage, the growth momentum keeps our economy ticking and at the same time, we have a unique situation of millennials joining the labour pool, companies trying to automate jobs and optimize their workforce. General outlook towards the labour market and economy is positive. Companies are looking for top talent to beat their competition and at the same time, candidates are doing their best to maximise their prospects. Hence, Talent Acquisition has emerged as a Board Room discussion topic. CIEL surveyed 135 executives across industry sectors to understand their perspectives of the talent market. We asked them about the challenges they face in attracting top talent and their talent strategies. We learnt about candidate behaviours such as what they negotiate while taking an offer, the push factors that operate on them and so on. Combined with our insights and experience, we have put together this edition of CIEL Works. CIEL Works 2019 shows, talent availability is a major challenge for attracting talent to an employer brand. Great talent is hard to come by and hence, salaries and benefits have emerged as another big challenge. Companies have started using AI to automate repetitive tasks in recruiting. They are deploying their energies to strengthen their employer brand by the use of HR Tech Tools and making the workplace relevant for millennials who are a rising constituent of the workforce. We believe, these insights about the talent landscape will help Business Leaders deal with the challenges in hiring top talent better and drive organizational growth. Executive Summary
  • 3. Recruitment activities have started picking up. Organizations are experiencing 2 challenges the most in attracting Top talent : Availability and Compensation & Benefits. Since companies are unable to find great talent, salaries and benefits have naturally emerged as a big challenge. Last year, 65% of the respondents mentioned Salary and benefits as the most important challenge vis-à-vis this year’s score of 58%. Like the last year, we continue to find Employer brand, Notice period and Competing offers as the other 3 significant challenges. Talent availability has emerged as the most important challenge in attracting Top Talent 1 Challenges while attracting Top Talent
  • 4. Online platforms rule the roost by a big margin over the other methods of employer branding. Recruiters need to invest on social platforms and job portals to communicate the employee value proposition. In the last year’s study, we saw similar trends. LinkedIn and Job sites are the most effective channels for Employer Branding 2 Most effective channels while spreading brand awareness other than traditional media JOB
  • 5. Most respondents (73%) say that Senior Leaders are concerned about quality of hire, speed of hire and cost. As Top talent is hard to come by, it is natural that the senior leaders are focusing on their talent acquisition process. Next big trend is about leading millennials at work. As the workforce has an increasing number of millennials, many organizations are coaching their people in managerial roles to lead their teams effectively. Further, organizations are reviewing their policies and workplace norms for their relevance. Focus on employer branding and employee experience continue to remain relevant. However, given the developments in external environment, boardrooms are focused on getting great talent on board and making their workplace attractive for millennials. Hiring is a Board Room Topic and at the same time, Millennials are in focus 3
  • 6. Facebook as a channel has emerged strongly this year vis-a-vis last year. This is most relevant for junior roles, particularly for hiring freshers. While Employee Referral works across all levels, they are most effectively used for hiring junior roles. Top 3 channels used to recruit junior roles are : Facebook, Job portals and Employee Referrals. Recruitment Agencies play a role in filling roles across all the levels in an organization. They are the most relevant channel while recruiting mid-senior roles (CTC between 25 and 50 lacs pa) and senior roles (CTC above 50 lacs pa) LinkedIn has increased its significance as a channel for roles across the spectrum (CTC from 4 lacs pa) unlike the past years where they were relevant for mid to senior levels only. One size doesn’t fit all : channelize recruiting efforts based on the level of role to be filled 4
  • 7. Senior roles are typically filled in 60-180 days, Mid-Level roles in 30-60 days and Entry Level roles in less than 45 days. Above results are similar to what we found last year. However, a significant portion of the respondents (47%) do not conform to these results. This trend outlines the fact that many companies are not finding adequate number of candidates interested in them. Cycle Time to On-board a new joinee depends on the Level of Role to fill5
  • 8. 30% Senior candidates are expecting salary hikes north of 30% while taking up a new job. And 30% of them are fine with hikes below 20%. This shows polarisation in demand-supply situation of senior candidates. On one hand, we have a group of people who are keen to get on with a senior role without bothering too much of about salaries and benefits. And on the other, we have a group of people who know that they are in demand and are trying to maximize their rewards. Nearly half of the candidates for mid-level roles look for a hike 20% to 30%. Last year, we found similar trend. 36% of candidates for junior roles are expecting salary hikes exceeding 20%. This points to the fact that talent availability is low and hence, candidates are trying to maximize the yield while changing a job. High Salary Expectations while taking up a new Job6 ₹ ₹ ₹ ₹ ₹ ₹ ₹
  • 9. Candidates at entry level roles are most concerned about salaries followed by work location and designation. This is similar to what we found last year except the point that salaries have become more important with respect to the other 2 factors. This points to the fact that we have millennials in this group having an optimistic outlook of the job market. Candidates in mid-level roles are concerned about salaries, designation and variable pay. Clearly, they are seeking growth and corresponding financial rewards. For senior level roles, candidates are interested in a number of factors : salaries, benefits, variable pay, designation and job role. While negotiating an offer with a potential candidate for a senior role, we have to focus on all the 5 aspects. While discussing an Offer with a potential hire, focus varies based on the Level of role hired7
  • 10. While someone takes up an entry level role, the points of discussion have to be Comp & Ben (61%). Work culture, work location and career development are the 3 next important factors to discuss. The least significant factor is long term vision and leadership. For a mid-level role, we need to discuss 2 important factors : work culture and Comp & Ben. Career development and job security are the 2 next important factors for the prospective candidates. Title, work location, employer brand reputation and financial health are the next set of factors in their mind. Senior level candidates are concerned about many aspects. Top 5 factors are : financial health of the company, job title, long term vision, employer brand reputation and work culture. Deep Dive reveals Horses for Courses8
  • 11. Push Factors for people in Entry Level Roles : Growth, Long work hours and Manager 9a Entry level professionals come across many opportunities. The top reasons for them to look for a job change are: Comp & Ben, Long work hours / too much work, Manager and Career Progression. Long work hours has emerged as a significant push factor in the study. This reflects a change in outlook towards work life. The change is being led by an increasing population of millennials in the workforce who want to deploy energies and time on their areas of interest other than what they do for a living. Salaries and benefits being at the top is not a surprise given the finding that availability of top talent is a challenge. Career progression having emerged as a key push factor is not a surprise because it reflects the ambition of our workforce and at the same time, their optimism and confidence in the economy.
  • 12. Career Progression comes as the most important factor because people in the mid-level of an organization are most concerned about the relevance of their career and earning potential in the future. Their priority in favour of this factor over salaries shows, they are thinking for the long-term. Organizations will do a lot of good for themselves if they focus on development of their mid-level executives and create challenging opportunities for them within so that they can deliver greater business impact. Leaders need to lead such programmes hands-on to demonstrate their commitment to career progression of their mid-level managers. Interpersonal relationships, collaborative work, recognition and empathy of the manager play an important role in making the day satisfying or otherwise. This becomes the next most important push factor for someone to look for greener pastures outside the company. Push Factors for people in Mid Level Roles : Career Progression, Comp & Ben, Manager followed by mismatches in values 9b
  • 13. Professionals in senior roles are typically in a phase of their life to build a legacy, leave their mark on an organization or the industry sector. Hence, their priorities in life and expectations from their employer are very different from the people in junior and mid-level roles. They expect the company track record and performance to be in the positive direction so that they can contribute in furthering the journey. Secondly, they expect a match between their personal beliefs and the company’s values. These two determine their motivation and hence, tenure in the organization. It is important to make deeper assessment of the candidates at the time of recruiting senior roles and provide them a realistic preview of the role before they are offered. Push Factors for people in Senior Level Roles: Company performance and mismatches in values9c
  • 14. Clear trends are visible that AI will be used to find best-matching candidates from online databases. Secondly, use of social networks to build employer brand and attract candidates to job posts is seen as a clear trend. Organizations could work with their recruitment teams (outsourced or in-house) to drive their digital strategy to build employer brand and deploy the best practices to draw top talent towards them. Talent Market Trends : near future
  • 15. Respondent Profile Female Male Location Industry Sector Level in the Organisation Size of Organisation
  • 16. CIEL started in 2015 by the Founders of Ma Foi which had grown to be the largest HR services company in India and had operations in 14 countries in the world. It marks the return of HR visionaries to the HR Services industry, powered by technology and analytics. With a rich experience of 27 years of the founding team, CIEL offers Recruitment Services and HR Consulting Services to companies in India and Middle East. CIEL services talent needs of more than 1200 clients and has placed more than 15,000 professionals already in a short span of time. Leveraging new technologies such as machine learning, CIEL is at the forefront of the industry in introducing innovative practices. CIEL finds talent for Manufacturing, Energy, Infrastructure, IT & Outsourcing, Financial Services, Consumer Products, Pharma and Services sectors. With a pan-India presence in 34 locations, CIEL has international presence in Dubai. Ciel is a French word meaning ‘sky’. For us, it’s the peak of excellence that we strive to achieve as we fulfil your talent needs and meet career aspirations of candidates. About CIEL HR