Where are the jobs?

Post-demonetisation, it’s the financial sector where most new jobs in India are being created. According to Monster Employment Index, which is based on online recruitment activity, banking and financial services led the chart with a 54 per cent year-on-year growth in jobs in January 2017 as against 40 per cent in December 2016. The movement towards digitisation has led to a spurt in these jobs. Education ranked second in terms of annual numbers with a 39 per cent y-o-y growth, though there was a dip in hiring between December 2016 and January 2017.

How is hiring happening?

More than 85 per cent of businesses across India today use mobile phones, says TeamLease’s The New Hiring Landscape Report. Small business is warming up to the concept of mobile-based hiring faster than established firms, with over 44 per cent of SMEs reporting its use for recruitment. Delhi accounts for 43 per cent of hiring through mobile and social media, followed by Kolkata (37 per cent) and Ahmedabad (38 per cent).

Who is better at hiring?

As artificial intelligence creeps into talent acquisition, a key dilemma faced by hiring managers is whether to trust intuition or trust machine intelligence, says the TeamLease report. Artificial intelligence-based hiring seems to have an edge.Not only is the yield from machine-based hiring 20-25 per cent higher than that of manual hiring, but there are fewer judgement errors. On average a human spends barely six seconds perusing a resume, and five seconds on just candidate attributes. Bias make manual hiring relatively inferior, concludes the study.