Post-pandemic recovery is truly happening, and how! There is a lot of optimism in the market, with a significant rise in hiring intent across sectors and across levels. The highest intent to hire, however, is seen in the information technology (IT) sector, which has gained the most from the pandemic, thanks to the accelerated pace of digitisation by organisations worldwide.
The hiring intent is highest at the entry level (53 per cent), followed by middle level (51 per cent) and senior level (26 per cent).
Sector-wise hiring intent: Intent to hire rose from 89 per cent in the last quarter to 95 per cent in the April-June quarter in the IT space, as per TeamLease’s Employment Outlook Report for the April-June quarter of 2022-23.
Following IT is the educational services sector with a hiring intent of 86 per cent, up by six per cent compared to last quarter. Close on the heels of the educational sector are tech startups and e-commerce with a hiring intent of 81 per cent. Healthcare and pharmaceuticals come next with 78 per cent.
Sectors such as manufacturing, engineering and infrastructure exhibit hiring intent lower than 50 per cent.
City-wise hiring intent: Metros and tier 1 cities with 83 per cent each, lead the hiring intent amongst the cities. Tier 2 cities show hiring intent of 55 per cent, tier 3 cities exhibit 34 per cent and rural areas, 20 per cent.
Not surprisingly, the highest hiring intent is seen in Bangalore, at 91 per cent, followed by Chennai at 78 per cent. There has been a significant rise in the hiring intent in both these cities, considering the intent was 88 per cent and 71 per cent, respectively in the last quarter.
Hiring intent in Delhi is about 71 per cent, while for Mumbai it is 76 per cent, and for Hyderabad it is 70 per cent.
Gurgaon and Ahmedabad showed reasonable levels of hiring intent at 44 per cent and 50 per cent respectively, while Pune showed hiring intent of 60 per cent.
Function-wise hiring intent: The demand for talent in sales seems to have grown, with the hiring intent being the strongest in this function, at 82 per cent. This is followed by IT at 75 per cent. In the engineering function, the intent is 57 per cent, while for marketing it is 53 per cent. The hiring intent in the human resource function is 21 per cent. Blue collar jobs show hiring intent of 50 per cent, followed by 30 per cent for office services.
Business size-wise hiring intent: Understandably, the hiring intent was highest in large organisations (65 per cent), followed by small organisations (41 per cent) and medium organisations at 36 per cent.
The Report defines ‘intent to hire’ as the percentage of employers likely to hire employees during the quarter.