Over 60% firms in India to step up hiring for IT, engineering, sales roles this quarter

Over 60% of the companies in India intend to step up their hiring effort in the current July-September quarter of 2022, a rise of seven percentage points over the April-June quarter, according to an employment outlook report by staffing company, TeamLease Services, released on Wednesday. 

According to the report that reflects hiring sentiment across 14 cities and 23 sectors in India, engineering roles see a staggering 13% increase to 70%. Additionally, hiring intent rises by a substantial 10% for marketing roles to 63%, followed by sales which are likely to touch 90% in said quarter.  

Sales and Information Technology (IT) have also seen an increase in hiring intents by 8% a piece to touch 90% and 83%, respectively. IT and Sales remain the most in-demand job functions, but with employers stepping up their plans to hire for the other functions, the forthcoming quarter is set to see increased levels of hiring for engineering, marketing and blue-collar roles, the report noted.

The forthcoming quarter brings good tidings for blue collar job roles which show a significant 7% rise, from 50% during the previous term, to 57% for the forthcoming quarter. The hiring intent for these roles sees a sharp rise to 61% (an increase of 10% from the last quarter). On the other hand, entry level roles are set to gain as well, with a 6% increase in hiring intent from last quarter (59% in this quarter). This is indicative of a spurt in job prospects across these two levels, for potential seekers. The mid-level fares rather modestly as it shows an increase of 4% in hiring intent (currently 37%), and senior levels show a meagre growth in intent to hire (2%).

Rituparna Chakraborty, Executive Director & Co-Founder, TeamLease, said, “Overall the ecosystem is taking a progressive turn, with more organisations projecting the intent to increase their hiring. This optimism is largely influenced by increased public investment in PLI schemes, an advanced ₹2.65 lakh crore stimulus package by the government to generate job opportunities and provide liquidity to sectors like tourism, aviation and housing. With these factors, increase in hiring sentiment is not only imminent but over the next few quarters, it is likely to cross the 70% mark as well”. 

“On the other hand, while few organisations may occasionally stall hiring due to the rise in Covid cases or possible restrictions due to Covid, there will not be any major recalibration in the overall hiring strategy,” she added.

From a city perspective, Bangalore (97%), Mumbai (81%) and Delhi (68%) lead the hiring intent for the services sector. Delhi (72%) followed by Mumbai (59%) and Chennai (55%) emerged the most promising cities in the manufacturing sector.

The report also said that metro and tier-1 geographies top the intent to hire, witnessing an increase of 6 per cent for the forthcoming quarter (rising to 89%) compared to the previous quarter. Tier-2 cities, on the other hand, witnessed a higher increase (7%) in the intent to hire and rises to 62% for the forthcoming quarter.