FY23 kicks off on high note: Over 54% of India’s employers are keen on hiring this quarter

After a prolonged economic slowdown due to the Covid-19 pandemic, and job losses, the hiring sentiment is now on a growth trajectory in the current quarter (April-June 22022), claims TeamLease Services, a human resource company known as ‘Employment’. is called. According to the ‘Outlook Report’ report, the IT sector, educational services and healthcare and pharmaceuticals are at the forefront of hiring intent.

According to the report, over 54 per cent of employers expressed an intention to hire, which is 4 per cent more than the previous quarter. Of the 21 sectors that were reviewed for the survey, 16 have indicated eagerness to be hired. The report also reveals that while the IT sector was at the top for hiring with 95 per cent of employers, 86 per cent of employers were willing to hire in educational services, 81 per cent of employers were e-commerce and technology start-ups. About 78 percent of employers in healthcare and pharmaceuticals were willing to be hired and intended to be hired.

“While the hiring intent in metro and tier 1 cities has increased from 73 per cent in the previous quarter to 83 per cent in the current quarter, tier-2 cities are not far behind. The survey said hiring intent will increase from 48 per cent to 55 per cent in tier-II cities – a change of 7 per cent in the April-June period.

Analyzing cities, the report said that among cities, around 91 per cent employers are willing to hire in Bangalore and around 78 per cent employers are willing to hire in Chennai. Meanwhile, Mumbai has registered a growth of 17 per cent in hiring intent in the last quarter.

As per the report, while hiring by large businesses saw an increase in the last quarter, the current quarter has a stable outlook. “In fact, all types of businesses are planning to hire at a steady pace. But when it comes to hierarchy, entry-level talent seems to have got their mojo back. The hiring intent across the category is witnessing a 10 per cent growth in Q-on-Q. Furthermore, from a function standpoint, sales (82 per cent) and IT (75 per cent) continue to rule over functions that are in demand,” the report said.

Commenting on the findings, Rituparna Chakraborty, Co-Founder and Executive Vice President, TeamLease Services, said, “The improved export performance along with the office culture and general condition as well as earnings growth projections all drive the growth in talent demand. is promoting. areas. While the overall growth in intent may moderate, over 14% of sectors have shown double-digit growth indicating that the modest outlook will soon subside and the appetite for augmenting manpower will increase significantly. ,

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