According to the Career Outlook Report by TeamLease EdTech, India is one of the most sought-after countries for entry-level positions internationally, with more than 59% of businesses eager to hire freshers during the second half of 2022.
Between July and December 2022, 59% of firms plan to hire new employees, a 12% rise from H1 2022 and a 42% increase from H2 2021. The paper emphasises how India’s hiring practises are dramatically altering.
“The attitude toward hiring freshers and entry-level positions has substantially improved in India. In fact, this tendency is evidenced by the fact that more firms are prepared to expand their pool of new talent, which shows that youth employability has changed in line with values over the past few years. This is largely due to the collaboration between business, academia, and industry, which has been crucial in developing the correct kinds of programmes (such apprenticeship embedded degrees) to educate and upskill applicants. Freshers recruiting attitude has increased by 42% in a year, and we anticipate that it will continue to rise quickly in the years to come, according to Shantanu Rooj, founder and CEO of TeamLease EdTech.
This trend is being led by the information and technology (IT) industry, which reports a 65% intent to recruit rate, followed by e-commerce and technology start-ups and telecoms, which have intent to hire rates of 48% and 47%, respectively.
The report claims that the IT sector is expanding quickly and anticipates hiring 100,000 freshers to keep up with demand. This growth is being driven by increased spending in the sector (US$ 101.8 billion this year), increased exports (8% to 10% increase in FY22-23), growth of the software product industry, and the government allocating a US$ 11.58 billion budget.
On the other hand, telecom providers intend to invest Rs 3345 crores in the industry and increase the number of data centres they have across India. The telecom industry is experiencing a tremendous demand for employment roles in 5G-centric technologies like the Internet of Things (IoT), Artificial Intelligence (AI), robotics, and cloud computing, with the majority of enterprises employing new employees, according to the research.
However, several sectors have not had the same level of growth, including travel and hospitality (7%), agriculture and agrochemicals (9%), real estate: non-essential (9%) and marketing and advertising (9%).
Bengaluru, the startup capital of India, has emerged as the top destination for freshers, with 68% of companies projecting the desire to hire, followed by Mumbai, the financial centre, at 50%, and New Delhi, the national capital, at 45%.
“Employer hiring intentions in Bengaluru, Mumbai, and Delhi were 59%, 43%, and 39%, respectively, in H1 2022. Employers’ recruiting intentions in Bengaluru, Mumbai, and Delhi were 43%, 31%, and 27%, respectively, in H2 2021 (the same period the previous year). According to the research, Kochi (2%), Indore (2%), Coimbatore (3%) and Chandigarh (5%), among other places, have experienced a slow hiring trend.
Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.
