What Does the Future Hold for Hiring in India? Insights from the Latest Employment Report
Positive Hiring Trends for the Upcoming Financial Year
Mumbai: The hiring landscape for the upcoming financial year appears optimistic, with 45% of employers indicating plans to create new permanent roles, according to a recent report released on Saturday.
The report, titled 'Hiring, Compensation & Attrition Management Outlook Survey for 2025-26' by workforce solutions and HR services provider Genius Consultants, reveals that while 45% of employers are looking to fill new positions, 13% intend to replace existing staff.
Insights were gathered from 1,520 CXOs and senior executives across various sectors to compile this report.
The findings also highlight a notable rise in temporary hiring, with 26% of employers focusing on temporary, contractual, or project-based roles.
Conversely, 16% of organizations reported no hiring intentions for FY26, reflecting a more cautious stance.
When asked about their hiring priorities, 37% of employers expressed a desire to recruit mid-level professionals, while 26% are leaning towards gig workers, contract roles, and advisory positions.
This shift indicates a growing trend towards flexible staffing solutions.
Entry-level positions account for 19% of hiring, while senior leadership roles make up 18%, as per the report.
The projected workforce growth suggests a balanced approach, with 53% of organizations anticipating moderate hiring growth of 5-10%, and 33% expecting significant increases of over 10-15%.
The retail, e-commerce, and Q-commerce sectors are expected to lead in recruitment, with 21% of respondents indicating increased hiring in these areas, which will also boost logistics and warehousing needs, as confirmed by 9% of those surveyed.
Additionally, 15% of employers foresee heightened recruitment in the automotive and electric vehicle sectors, while 11% predict growth in renewables, energy, and engineering projects.
Other sectors poised for talent growth include IT services, telecom, and technology (13%), manufacturing and engineering (11%), infrastructure, transport, and real estate (10%), and banking, financial services, and insurance (9%).
However, sectors like FMCG, healthcare, hospitality, media and entertainment, and education are expected to see minimal hiring activity this fiscal year.
"Despite the economic uncertainties, the demand for skilled professionals remains robust. With mid-senior level talent in high demand, companies must prioritize retention strategies to address attrition risks. These insights will assist organizations in refining their talent management strategies for 2025-26," stated R P Yadav, Chairman and Managing Director of Genius Consultants.