Expansion and growth of organisations is the reason for the increased hiring in the second quarter in India, say 45 per cent of the 3,150 employers surveyed across India. When asked about their second quarter hiring intentions/decisions and the reasons behind the same, about 38 per cent employers surveyed by the Manpower Group said that hiring is increasing because technological advancements need more expertise. Of the total number of employers surveyed, 35 per cent say the need for the latest skills is driving the hiring increase, as companies try to stay competitive.
New ventures require new roles, and that is responsible for increased hiring feel 34 per cent of the employers surveyed. Thirty-two per cent employers say that evolving service needs are giving rise to new roles, while 28 per cent feel that diversity efforts are opening new roles. Twenty-seven per cent of employers surveyed say hiring is driven by the fact that specific projects require dedicated workers. About 15 per cent employers feel that hiring has increased due to the backfilling of vacancies.
Employers who expect to see a decrease in staffing in the second quarter feel the main challenge appears to be economic uncertainty, followed by adapting to market changes. Thirty-six per cent of the employers say market shifts are lowering demand in the second quarter, while 32 per cent say that automation has reduced some roles. About 30 per cent of the employers feel skill challenges have reduced certain roles, while 26 per cent say that process improvements are consolidating roles and causing reduction in Q2 hiring. While 22 per cent employers are reducing hiring because of adjustments to current demand, 16 per cent employers feel project-based roles are no longer available. About 12 per cent say that restructuring and downsizing are the cause for reduced hiring.
Hiring demand is the highest in India’s information technology sector, followed by industry and materials. Second strongest hiring outlook of 44 per cent is in North and East India, followed by 39 per cent in South India.
