Genius Consultants Limited · Genius Consultants Limited is an ISO 9001:2015 & ISO/IEC...

Genius Consultants Limited is an ISO 9001:2015 & ISO/IEC 27001:2013 certified Staffing Organization

• Founded by Mr. Rajendra Prasad Yadav on 27th July, 1993

• Genius Consultants Limited is one the leading providers of human resource solutions in India by market share in fiscal 2019-20 and the highest revenue per associate ratio

(Source: CRISIL Report, March 2018)

With a legacy of 27 years, it provides services like:

Permanent Staffing Solutions I Flexi Staffing SolutionsPayroll Processing Services I IT Recruitment & StaffingBackground Checks I Facility, Security & Integrated Property Management Services I Compliance Management & Audit I HRMS Software

9th Hiring, Compensation & Attrition Survey –About the survey

Elements Detailed in the 9th Hiring & Attrition Trend Survey : 2020-21

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

•The Hiring, Attrition & Compensation Trend Survey is an exclusive and exhaustiveAnnual Survey conducted by Genius Consultants Ltd on Pan India basis with a supportfrom more than 1 lakh database

• Aims to understand a wide range of current and emerging hiring, compensation andattrition 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 currentfinancial year 2020-21

•This is the 9th successful year that the survey is being conducted rigorously across all

industries, designations, sectors and organizations

9th Genius Hiring, Compensation and Attrition Survey 2020-21

Genius has its presence in 15 Indian cities

Kolkata (HQ)

New Delhi

Chennai

Bangalore

Pune

Hyderabad

Chandigarh

Bhubaneswar

Ahmedabad

Guwahati

Lucknow

Patna

Kochi

Indore

Mumbai

Contents of the Survey Report:• Agenda of the Survey

• Survey Methodology

• Survey Approach

• Highlights

Survey launch and data collectionTo solicit participation, formale-mail invitations and an online questionnaire were sent to the target respondents

Data auditing and query resolutionThe 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 DesignKey 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 AnalyticsData received was collated and analyzed to get detailed insights on sector wise practices, compensation and benefit trends

Report LaunchLaunch of 9th Hiring, Compensation & Attrition Trends in FY (20– 21)

SURVEY METHODOLOGY

Parameters

Corporates

Clients

Hiring Firms

Associates

ParticipationParticipation came from 1200+ CEOs, CHROs & HR

Managers and 300+ Hiring Firms

Technology

Web based.NET technology Used

Database SQL Server 2008R2

Language ASP.net C#

IndustriesAuto & 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.

SURVEY METHODOLOGY

Hiring, Attrition & Compensation Survey 2020-21

While the competition to attract the ‘top’ talent is getting increasingly intense, the only way for companies to ensure their success isthrough the use of technology to augment these processes. A better outlook is based on companies expecting a positive economicviewpoint backed by high economic growth expectation, high domestic demand and low inflation. A decline in voluntary attritionand controlled incremental hiring continue to keep the sentiment mild.

In order to manage overall pay budgets, companies are re-looking at their hiring strategy and focusing on hiring key skills which willdetermine the success of the business over the longer term. As digitization becomes the new normal, companies are investing inthese niche skills to stay relevant in the changing business scenario. Other trends that are slated to dominate the HR landscapeinclude the adoption of flexible HR policies and working hours, and an uptick in freelance workers.

In a bid to increase employee retention by offering growth opportunities, HR professionals predict a skills shortage in 2020, whileorganizations are prioritizing reskilling and up-skilling of the employed workforce for better organizational progress are also lookingto bridge the gap internally through robust training programs. Moreover, in order to flourish in the ever-evolving business landscapeof today, targeted L&D programs that cover futuristic skills are becoming more indispensable than ever before.

Post COVID – 19 We have highlighted what will be the current Hiring scenario, Manpower strength condition of the Companies,possible percentage of increments that can occur in the current scenario and Which level Employees is most susceptible to attritionsusceptible to attrition. The survey portrays the percentage and graph to give an idea of them for the FY 2020-21. It can be seen dueto Covid-19 there will a major impact in hiring of the companies as well as there will be chances for layoffs and less or no increments.

Survey - Crux

What will be the Hiring Scenario for your Company in FY 2020 - 21

No Hiring

Layoffs will happen

Replenishment hiring against attrition will take place only

New vacancies will be created (Opportunities apart from the current head count)

53.41

21.52

15.26

10.01

What will be the projected increase in Manpower Strength of your companyin FY 2020 - 21?

1 - 10%

11- 20%

No Increment in Manpower11.36

7.45

81.19

Which of the following experience levels will have the most opportunities in the FY 2020 - 21?

35.50

29.61

23.93

10.96 5-10 years

10 - 15 years

1- 5 years

Freshers

Kindly indicate your organization's projected trend in hiring male and femalecandidate in 2020 – 21?

63.48

Male

Female51.56

How much % of your Organizational workforce will be TEMP/GIG workresource in the FY 2020-21?

10-15%

5-10%

0-5%

15-20%

36.13

25.39

20.7

17.77

According to you, which zone in India has the highest hiring scenario currently?

32.62

28.13

20.51

Northern

Western

Southern

Eastern

18.75

Which streams have more employable talent?

38.36

37.38

30.53

Engineers

MBA

Graduates

CA

Non graduates

Others

13.31

11.35

1.37

Please mention the range of increments of your organization in theFY 2020 – 21?

61.00

27.93 Less than 5 %

5 to 10 %

No increments

11.07

Which level Employees in your organization is most susceptible to attrition?

Junior Level

Middle Level

Senior Level

34.91

09.44

51.35

Which is the Zone that has got the highest of Attrition Ratio?

34.96

27.73

18.95

West

East

North

South

18.36

Will WORK FROM HOME increase employee productivity over remoteworking options?

42.19

Increase

Unchanged

26.99

32.81

Decrease

How crucial is background verification checks in your organization beforefilling up key positions?

44.34

Moderately important

Very important

Non existent

23.24

32.42

THANK YOU