Chennai : As the world gradually recovers from the pandemic, the job market is following suit; Findings from the quarterly hiring tracker released by the world’s #1 job site, Indeed, showcased that a 5% increase is likely in the proportion of employers hiring during April to June 2022 as compared to January to March 2022. The percentage increase in hiring volume is also likely to see a 3% increase to reach 23% during Q1, FY23 as compared to Q4, FY 22.
The India Hiring Tracker of Q4, FY2022 analysed employers and job seekers between January and March 2022, to understand the quantum of hiring and job-seeking activity, roles employers prioritised, expectations jobseekers held, and how all of this came together to facilitate a good match between the two sides.
The findings further revealed that first-time job seekers gained widespread acceptance from employers with nearly eight out of ten jobseekers surveyed (77%, up from 54% during the December 2021 quarter) securing their jobs during Q4, FY22. Most of the hiring of first-time job-seekers was from employers in the Information Technology (85%), Telecommunication (79%) and E-commerce (75%) sectors.
Sashi Kumar, Head of Sales, Indeed India said, The Indian job market has been on a tumultuous ride since the onset of the pandemic. However, with the decrease in number of COVID-19 cases and the re-opening of the economy in the past quarter, we have started seeing some stabilization in the job market. The increase in the hiring volume at the start of the financial year comes as great news for both employers and job seekers, it is bound to unlock a lot of growth opportunities. Infact, companies across sectors are already looking at ramping up their businesses and are focused on building skilled & resilient workforce, We foresee that this hiring momentum will continue to increase in the coming quarter as more employees return to office.’