Hiring in India increases 11% in June quarter; Indeed survey shows

As the employment market begins to recover from the COVID-19 second wave, noteworthy growth was evident in industries including information technology (61 percent), financial services (48 percent), and BPO/ITeS (47 percent).  

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Hiring in India increases 11% I June quarter; Indeed survey shows

According to the Indeed India Hiring Tracker, hiring in India increased by 11% quarter-on-quarter (QoQ) in the June quarter (Q1). As the employment market begins to recover from the COVID-19 second wave, noteworthy growth was evident in industries including information technology (61 percent), financial services (48 percent), and BPO/ITeS (47 percent), according to the report.

In June 2021, Valuevox performed a poll on behalf of Indeed of 1,500 employees and 1,200 businesses across nine locations. Large enterprises (59 percent of employers) continued to dominate hiring, while hiring by mid-sized businesses fell (38 percent). Overall, fewer surveyed firms hired between April and June than the previous quarter (42 percent vs. 64 percent), with Bangalore continuing to lead recruiting (56 percent) and Kolkata displacing Chennai at the bottom of the hiring list (34 percent).

In Q1FY, declining COVID-19 instances and partial lockdowns allowed businesses to operate, allowing employers to focus on roles that drive sales and income, a shift from the focus on operational roles to stabilise business operations in Q4FY21, according to the poll. Sales coordinator was the most in demand (83 percent of all employer responses), followed by relationship manager (77 percent), digital marketer (69 percent), UI/UX (61 percent), designer, and quality analyst (53 percent).

Challenges faced by the employees-

COVID-19-related benefits/compensation packages or mental health support were not received by 76 percent of job seekers polled. Plans for appraisals were also disrupted. According to the poll, 70% of employees indicated they did not receive a promotion or pay raise this quarter. Only 11% of firms are marketing or offering pay raises in this area.

When it comes to future work paradigms, employers and employees aren’t on the same page. According to the survey, employers prefer a hybrid work model (42 percent) to remote work (35 percent), while job seekers prefer remote work (46 percent) (29 percent). In addition, 51% of women versus 29% of males stated they wanted to continue working from home.

The number of job seekers and changers climbed marginally from the previous quarter, rising to 70% from 68% QoQ. Job seekers’ priorities have evolved as well, with income topping the list at 25%, followed by career progress (19%), learning opportunities/challenges/responsibilities (16%), and corporate reputation (16%). (14 percent). Post-graduates (44 percent) and mid-level job seekers preferred startup-SME jobs (42 percent).

(News input- Moneycontrol)

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Hiring in India increases 11% in June quarter; Indeed survey shows
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As the employment market begins to recover from the COVID-19 second wave, noteworthy growth was evident in industries including information technology (61 percent), financial services (48 percent), and BPO/ITeS (47 percent).
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THE POLICY TIMES
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