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Indian Companies are keen on hiring in Next quarter: Report

According to the Teamlease Employment Outlook report 61%  of companies in India are wishing to hire new employees.The company has done survey across 14 cities and 23 various sectors in India for a period between July to September 2022  There is a 7% ( from 54% to 61%) increase in hiring process when compared to last quarter.

Companies Hiring

 

In Tier-1 cities the intent to hire was increased to 6% for the upcoming quarter ( rising to 89%) and In Tier-2 cities the intent to hire was increased to 7% and rises to 62% for the upcoming quarter.Tier-3 cities also witnessed 3% rising from 34% to 37%. In rural areas there is a nominal rise of 2%.

From a city wise perspective Delhi (72%), Mumbai (59%) and Chennai (55%) are the top most cities that shows intent to hire in  manufacturing sector. As far as Services sector is concerned Bangalore (97%), Mumbai (81%) and Delhi (68%) are the top most cities that are keen on hiring.

As per business size small sized companies are showing their willingness to hire. When compared to medium and large size companies/businesses (69%) i.e 4% for the next quarter, small size companies has an increase of 6 % ( from 41 % to 47%). Small companies are showing highest growth in the intent to hire vs last quarter. and Large companies are projecting the highest intent to share

In the upcoming quarter there is good demand for Junior-level roles There is a huge rise up to 61% which was 10% more than in the previous quarter. Entry level roles has also seen 6% increase when compared to last quarter   This clearly shows that there are very good jo openings for Junior level and Entry level roles for potential and passionate job seekers.The mid level shows only modest increase of 4 % and Senior level roles shows an increase of 2%.

Engineering and Market roles also shows a good increase in the hiring intent for the upcoming quarter. The Engineering roles sees a progressive growth which raises from 13 % to 70% where as Marketing roles shows a substantial increase of 10%  and Information Technology roles witness 8% of increase.Blue collar jobs also shows a significant rise of 7% in the next quarter.

Information Technology and Sales are the most demand sectors and we can expect an increased levels of hiring in Marketing, Engineering and Blue collar jobs.Most of the companies are projecting a progressive positive intent to increase their hiring.Advanced stimulus package of INR 2.65 lakh crore stimuls package by the government to generate various job opportunities in various sectors like Aviation, housing and Tourism.  We can expect the hiring strategy percentage of various companies will cross 70% in upcoming quarters.

 

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