The pace of recruitment in India will continue to be strong with more sectors other than IT in the coming quarters of the year.
Apart from IT companies, which have been on a strong recruitment spree over the past two years, there are signs of positive growth in banking, financial services and insurance (BFSI), retail, supply chain and logistics, and manufacturing.
According to ques corpThe company that runs job platforms Monster.com and Qjobs, the trend of hiring not only based on technical roles, but also on the basis of non-technical jobs beginning the fiscal year 2022-2023, is becoming more widespread.
Guruprasad Srinivasan, Executive Director and Group CEO, Quess Corp, told FE that the company is seeing a good 20-30% jump in its hiring mandate in the current quarter as compared to last year, and that momentum will continue for at least the next two quarters. is durable.
“We are currently hiring in June, July and early August and demand is high as we sit with a 20,000-22,000-odd open mandate, which will be over 30% for the same period last year. Apart from IT, other demand is from logistics, supply chain, BFSI, manufacturing, retail and telecom.
According to Srinivasan, there has been a good boom in manufacturing with the EV industry leading to significant hiring in the automobile sector, and ancillary and component makers for the segment, which is seeing a 25% growth in hiring over the last year. .
Apart from this, the semiconductor industry is also in competition for good recruitment. Given the deteriorating health of the sector, the recruitment of telecom companies has also picked up after almost two to three years of sluggishness, while the retail sector is making a comeback after a slow pace of almost eight quarters.
Even in terms of roles, while there is no sign of a slowdown in IT jobs, and these jobs remain in the majority, the good news is that companies are ready to hire in non-technology roles as well.
“At BFSI, hiring has begun for roles such as Field Managers, Area Managers, Territory Heads, Finance Professionals and Sales and Marketing. However, this is not necessarily the case with traditional banks hiring, but hiring more fintech companies like digital payment gateways or digital payment operational companies,” Srinivasan said.
Similarly, opportunities are available in supply chain and logistics for roles such as warehouse heads, warehouse state heads and zonal heads, not only in the traditional logistics sector, but also from e-commerce and logistics tech firms. In retail, the demand for temporary jobs is 30-35% higher than last year.
According to Srinivasan, while no slowdown is visible till September, which is the peak hiring season with the beginning of the festive period in India, it is a wait and watch situation with few new Covid-19 cases being reported in the country. “We don’t see any reduction in hiring right now, but we will be cautious for November and December, depending on how new cases emerge in some states,” he said.