The near-10% growth in GDP in the current fiscal coupled with fewer supply disruptions, opening up of the pent-up demand both in the traditional and contact-intensive services as well as the buoyancy in the global economy are having a positive impact on hiring states TeamLease Employment Outlook Report (Oct- Dec’21). As per the report, there is a 3% point growth in the overall intent-to-hire in the current quarter. The biggest gainer of this positive sentiment is the sales function. More than 58% of the employers from across sector are keen to hire talent for sales roles. In fact, out of the 21 sectors reviewed sales is the most sought after roles in 4 sectors (more than any other role) for the period October- December, 2021. The other sought after functions are Information Technology (43% of the employers) Marketing (40% of the employers) and Engineering (37% of the employers).
A comprehensive research covering hiring, job growth, job creation, salaries and their drivers, as per the report out of the 21 sectors reviewed around 15 have indicated positive hiring sentiment. The leading sectors are Information Technology (69%), Educational Services (64%), and Healthcare and Pharmaceuticals (51%). Another highlight is the recovery in Telecommunication and Construction & Real-Estate. From being laggards with just 3% point and 1% point growth in the previous quarter both telecommunication and construction & real-estate are exhibiting 5% point growth in this expected indicating a revival of hiring by the sectors. With a drop in hiring sentiment ranging from 4% -2% point Marketing & Advertising, BPO / ITeS, Retail [Non-Essential] and Consulting are the only laggards.
With a hiring intent as high as 56% point and a 7% point growth metros & tier 1 seems to be dominating the hiring intent from a geography perspective. Though not as high as metros & tier 1, even tier 2, tier 3 and rural areas are also on the positive trajectory. Diving deep into cities and their hiring sentiments, Bengaluru is leading as more than 67% of the employers have expressed intent to ramp up their talent pool. In fact, it is not just this quarter, Bengaluru has led in term of hiring sentiments for 4 straight quarters. However, in terms of growth it is Delhi that is topping the chart this quarter. Delhi is indicating an 8% point growth over July-sept’2021.