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    Home»Exclusive Features»Research»Employment outlook is highest in India’s IT sector
    Research

    Employment outlook is highest in India’s IT sector

    Liji Narayan | HRKathaBy Liji Narayan | HRKathaJune 14, 20233 Mins Read6183 Views
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    The hiring demand in India is the highest in the information technology sector, followed by finance and real estate, healthcare and life sciences, and the transport, logistics and automotive sectors, in that order.

    While the employment outlook is 47 per cent in the IT space, it is 41 per cent in the finance and real-estate space, and 33 per cent in the energy and utilities space.

    According to a study, in the industrials and materials segment, the employment outlook is 39 per cent, while the figure is 40 per cent each for the transport and logistics and the healthcare and life sciences sectors.

    Other key sectors, such as consumer goods and services and communication services project an employment outlook of 34 per cent and 19 per cent, respectively.

    The employment outlook of large businesses is double that of small or micro businesses.

    Hiring expectation for micro businesses with less than 10 employees is about 23 per cent, while for large businesses with over 250 employees, the expectation is 46 per cent. Employment outlook for small businesses with 10 to 49 employees is 35 per cent, while medium-sized businesses with 50 to 249 employees have an outlook of 34 per cent.

    About 84 per cent of over 3,000 employers surveyed, plan to hire for green jobs or roles that require green skills. In North India, 85 per cent employers plan to hire for green jobs, while in South India, 83 per cent plan to do so. About 84 per cent employers in West India intend to hire for roles requiring green skills, whereas in East India, 81 per cent intend to do so.

    In the consumer goods and services sector, more than 37 per cent employers/ organisations have only just begun to understand the need for green jobs and skills. About 23 per cent have started to actively hire for such roles, while 16 per cent plan to either hire or upskill/reskill existing employees for green roles.

    In the energy and utilities space, 88 per cent of organisations surveyed have expressed a positive outlook towards hiring for green roles. More than 42 per cent organisations in this sector are only beginning to understand green jobs and the need for green roles, while 36 per cent are actively hiring for such roles. About 10 per cent have planned advanced strategy to hire and upskill/reskill current staff for green skills.

    In the finance and real estate space, 39 per cent organsiations are starting to understand and define their requirements for green jobs and skills, while 25 per cent are actively hiring and 22 per cent have planned advanced strategy to hire and upskill/reskill existing employees for green roles or skills.

    Automotive consumer goods and services employment outlook finance and real estate Green Jobs green skills healthcare and lifesciences Hiring Logistics Manufacturing medium business micro Recruitment small transport
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    Liji Narayan | HRKatha

    HRKatha prides itself in being a good journalistic product and Liji deserves all the credit for it. Thanks to her, our readers get clean copies to read every morning while our writers are kept on their toes.

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