An assessment of job market activity in the early months of the year showed that 68% of employers accomplished 60% of their hiring needs during the quarter, with Bangalore leading hiring activity among cities and Chennai lagging behind all others at 35%.
Although overall hiring activity for the quarter remained robust, the monthly hiring trend did observe a progressive decline (38% in Jan vs. 31% in Feb vs. 26% in Mar) with the effects of the second wave of the pandemic.
Operational roles dominated, while tech roles remained a priority:
As essential business activities were prioritised during the pandemic, organisations aligned their hiring to scale up for the operational roles. The top roles that employers hired for were Operational/Support roles like Team Lead, Business Analyst, Content Head, Service Engineer which contributed to 25%, Technical roles like Mobile App Developer, CAD/CAM Engineer contributed to 18% and Blue Collar roles like Delivery Personnel, Electrician, ITI Trainee contributed to 15% in Q4 FY21. Healthcare (82%), E-commerce (69%), and Financial Services (68%) sectors led the activity.
Despite low levels of employer sentiment, market confidence was a leading driver in hiring:
Q4 FY21 saw a number of industries and businesses turn around as economic activity picked up after a prolonged period of lockdown. 90% of the large organisations stepped up their hiring due to elevated consumer demand during this period. Similarly, 70% medium-sized and 78% small businesses hired due to early positive market sentiment, the survey showed.
Career growth is a key employee aspiration:
When asked, 27% said an excellent organisation to work for was the top career aspiration followed by good career growth (25%). The focus on health and wellness in a work-from-anywhere environment saw 32% of jobseekers describe an ideal/excellent organisation as one that prioritises employee wellness, followed by a fun work culture (25%) and innovation (19%).
Sashi Kumar, Head of Sales, Indeed India said, “Our first India Hiring Tracker previews behaviors and priorities that we believe will underline job market activity through the year. We saw that consumption continues to be a key driver of economic growth in India in the sectors responsible for driving hiring. Tech skills are absolutely critical in driving India’s inclusive recovery and will continue to be a job market priority.”
This survey was conducted by Valuevox on behalf of Indeed among 500 employees and 350 businesses across 9 cities in the month March 2021.