Office openings and positive economic outlook appear to have boosted talent demand A report shows that more than 54 percent of employers indicated their intention to hire in the first quarter of this fiscal year.
According to Timelys Services’ Employment Outlook, surveyors have expressed their intention to hire, with more than 54 percent employers in the previous quarter (January-March 2021), 4 percent more, and the current quarter’s employment sentiment is on the rise for April-June 2022.
Rituparna Chakraborty, Co-Founder and Executive Vice President, TeamLease Services, said, “Office-to-office culture and naturalness are accelerating the growth of talent demand in all sectors, along with revenue growth estimates and higher export performance.”
Although overall growth is projected to be moderate, more than 14 per cent of the sectors have indicated double-digit growth, indicating that the moderate outlook will soon decline and the appetite for manpower growth will increase significantly, he added.
The report is based on a survey covering 796 small, medium and large companies across 21 sectors across India.
The survey found that 16 of the 21 sectors reviewed indicated interest in recruitment. Employers in the information and technology sector (95 per cent) followed by educational services (86 per cent), e-commerce and technology start-ups (81 per cent) and healthcare and medicine (78 per cent).
However, the lagging sectors are agriculture and agrochemicals, BPO / ITeS, fast-moving consumer sustainable and retail (non-essential), it says.
According to the report, jobs seem to be spread across geography. Recruitment targets in Metro and Tier I cities have risen from 73 percent in the previous quarter to 83 percent in the current quarter, with second tier cities not lagging far behind.
Recruitment intent in second tier cities rose to 55 percent from 48 percent in the previous quarter, it said.
Among the cities, Bangalore is leading with 91 per cent employer intentions, followed by Chennai with 78 per cent interest recruiters, the report observed.
But when it comes to recruitment growth, it is Mumbai that has recorded a 17 per cent growth in the last quarter, it said.
According to the report, while the last quarter saw a spike in hiring by big business, the current quarter could witness a stable trend.
Indeed, all types of businesses are planning to hire at a steady pace, but when it comes to classification, entry-level talent seems to have regained their mojo, the report said.
About the major roles that demand exists, sales (82 percent) and IT (75 percent) continue to lead the talent search process, it added.