Employers increased hiring by 29% in April to June 2022, as compared to a 20% increase in the previous quarter, findings from the quarterly hiring tracker released by job site, Indeed, have revealed. The tracker also found that 37% of all jobseekers looked for a job or a job change during the quarter, as compared to 46% during the previous quarter.
“Sectors such as IT, healthcare, E-commerce will continue to grow and with the advent of 5G, we will see a sharp rise in telecom jobs as well in the next few quarters,” said Sashi Kumar, Head of Sales, Indeed India.
IT/ITeS continued to lead all sectors, with 91% of the employers in the sector hiring during the quarter (83% in the previous quarter). This trend may be attributed to attrition – voluntary and involuntary – the tech sector experienced in recent times. Despite appearing at the bottom of the list, sectors like Design and Development (33%, up from 15%), Operations / Administration (29%, up from 21%), and Accounts and Finance (26%, up from 21%) had an appreciably higher proportion of employers hiring during the quarter.
Tech roles found favour as the most in-demand for the quarter. Healthcare (86%, up from 51%) and E-commerce (82%, up from 73%) were the other top sectors contributing to the surge in talent demand.
Metros dominated hiring among cities with hiring activity in Bangalore (93%, up from 87%), Mumbai (87%, up from 77%), and Chennai (82%, up from 71%) exhibiting strong growth as compared to other cities. Chandigarh (59%, up from 39%), which came in last, still showed a substantial increase in hiring over the quarter.
Six in 10 jobseekers say they are not affected much by inflation so far as their livelihood and expenses are concerned while 89% employers think inflation will not change the way companies hire and pay employees.
To deal with inflation, employers looked at varied engagement modes during the quarter that could help them manage candidate expectations as well as costs such as full-time, part time, gig or contractual work. Jobseekers continue to prefer full-time work (63%) as opposed to part-time employment (26%) or gig/contract employment (11%). However, on the employer side, over 19% employers hired gig workers during the quarter.
Matching increment expectations seems to be the hardest for employers (27%) among all other benefits to counter inflation.