With the ongoing festive season and continuous digitization across sectors, the recruitment activity is expected to increase significantly in the coming months. According to Monster Employment, in line with the rollout of 5G services, telecom jobs have shown an encouraging trend, with 13 percent growth in telecom jobs as major players launch their digital services in different cities, expand their data center capabilities, and Hire for special roles. index.
The hiring intent for the upcoming quarters also remains positive as 5G is expected to improve the overall digital health of the telecom industry. Sectors like Import/Export, Tourism and BFSI have seen an upward surge with tremendous recruitment momentum. “A renewed focus on making digital” India And the government-policies for the development of Tier 2 and Tier 3 cities have instilled an optimistic sentiment towards job creation,” the survey said.
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In addition, with festive demand, sectors such as apparel, textiles and jewelery (up 11 per cent), production and manufacturing (up 5 per cent), and retail (up 5 per cent) have seen significant employment growth.
Commenting on the job trends for September 2022, Shekhar Garissa, CEO – Monster.com, a Quess company said, “Recently, companies have opted to adopt a sustainable approach to hiring, but we Expect the pace to pick up with rising public consumption and rapid expansion of public infrastructure.With the launch of 5G by the Indian government, job market projections look optimistic, especially for telecom as we pave the way for Digital India Is.”
“The way forward paints a picture of tech-focused job roles; Therefore, skilling is paramount for an employable India. In addition, the festive season generates great revenues in sectors such as retail, e-commerce, travel, manufacturing, imports and exports and creates the overall job market for the quarter in these industries. In addition, we expect Tier 2 and Tier 3 cities to potentially contribute substantially in the coming year,” Garissa said.
Post the pandemic, this festive season, hiring has been comparatively better than in previous years. This trend is also reflected in customer buying behavior around the world leading to a 28 percent increase in hiring in the import/export sector. “India continues to adopt a digital-first approach, hosting a 65 per cent growth in demand for automation/office equipment professionals. On the lines of digitisation, BFSI saw a steady growth with recruitment growth of 20 per cent especially in metro cities, while recruitment in travel and tourism grew by 9 per cent,” the report said.
Industries such as media and entertainment (down 19 per cent) saw a sharp decline in surveillance spending by companies, as did home appliances (down 19 per cent) due to reduced consumer demand and rising raw material prices. The shipping and maritime industry has also seen a significant drop of 18 percent in hiring as demand for goods commensurate with the reduction in global trade volumes. Indian IT (down 11 per cent) remains cautious of on-boarding activities as employers deal with rising job layoffs and changing workplace sentiments, and BPOs/ITES (down 7 per cent) show similar trends.
With 10 per cent increase in recruitment, the hiring demand was highest in Ahmedabad. As festive hiring doubles in tier 2 cities, as well as government attention beyond metropolitan hubs for operations, cities such as Coimbatore (up 7 per cent) and Jaipur (up 1 per cent) have also seen a progressive trend. The report said that among metros, Mumbai witnessed a growth of 8 per cent and Hyderabad at 2 per cent, while Delhi-NCR remained stagnant in e-recruitment activity.
Tier 2 cities such as Baroda (down 13 per cent), Chandigarh (down 9 per cent) and Kolkata (down 15 per cent) saw significant declines and other major cities such as Bangalore, Chennai, Kochi and Pune also saw declines. Demand increased by 7 per cent as compared to last year, the report read.
Jobs in hospitality and travel have seen a steady growth of 8 per cent in September as India enjoys restriction-free travel, with a good cheer in the segment during the holiday and festive season. While the Indian white-collar market remains unpredictable, the demand for highly skilled professionals in finance and accounting has been increasing over the past several months as companies take advantage of new-emerging technology in their decision-making processes. Demand for HR professionals (up 9 per cent) also picked up, amid a growing workforce and India Inc’s hunt for skilled talent.
A discouraging trend has been seen in marketing-related jobs, with profiles in sales and business declining in demand (down 5 percent) and marketing and communications (down 6 percent). Job roles such as engineering/production (down 19 percent), supply chain/logistics (down 18 percent), and healthcare (down 12 percent) also saw the sharpest declines, the survey said.
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