Top 3 Sectors in India Likely to Hire More Newbies: Report

India is one of the hottest places for entry-level jobs globally, with more than 59% of employers keen to hire entry-level workers in the second half of 2022, according to the outlook report TeamLease EdTech career path.

About 59% of employers will hire freshmen between July and December 2022 – a 12% increase from the first half of 2022 and a 42% increase from the second half of 2021. The report highlights that hiring prospects new students are changing dramatically in India.

“Sentiment around entry-level jobs and hiring entry-level workers is improving significantly in India. A greater number of employers keen to increase their resource pool for freshmen is, in fact, evidence of this trend and indicates that the employability of the country’s youth has undergone a values-driven shift at the recent years. Much of this is attributed to the alliance between employers, universities and industry; who has been instrumental in creating the right kind of programs (like degrees integrated with learning) to educate and develop candidates. In one year, entry-level hiring sentiment has increased by 42% and we are optimistic that this will also increase rapidly in the years to come,” said Shantanu Rooj, Founder and CEO of TeamLease EdTech.

Main Sectors for Freshmen

The information and technology (IT) sector leads this trend showing 65% intent to hire and is followed by e-commerce and technology start-ups and telecommunications with 48% and 47% of employers showing intent to hire, respectively.

Propelled by increased spending in the sector ($101.8 billion this year), increased exports (8% to 10% increase in FY22-23), growth in software industry and the government’s allocation of a budget of $11.58 billion; The IT sector is growing rapidly and is expected to hire 100,000 new students to meet growing demand, the report suggests.

On the other hand, telecom companies are eager to infuse Rs 3,345 crores into the sector and expand their data centers across India. There is a huge demand for positions in 5G-centric technologies such as Internet of Things (IoT), Artificial Intelligence (AI), robotics and cloud computing in the telecommunications sector; with a majority of companies hiring freshmen,” the report states.

However, some industries such as travel and hospitality (7%), agriculture and agrochemicals (9%), real estate: non-core (9%) and marketing and advertising (9%) n have not experienced similar growth.

Best Cities for Freshmen

In terms of cities, India’s start-up capital, Bengaluru, emerged as the top city for newbies with 68% of employers projecting intent to hire, followed by financial capital, Mumbai, at 50. % and the national capital. , New Delhi at 45 percent.

“In the first half of 2022, employer hiring sentiment in Bangalore, Mumbai and Delhi stood at 59%, 43% and 39% respectively. In the second half of 2021 (same period last year), hiring sentiment Employer hiring in Bangalore, Mumbai and Delhi stood at 43%, 31% and 27%, respectively.The locations that showed slow hiring sentiment are Kochi (2%), Indore (2%), Coimbatore ( 3%) and Chandigarh (5%),” the report said.

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