With most of the sectors and establishments getting back on their feet, the intent to hire also seems to regaining its lost ground states TeamLease Employment Outlook Report- January – March 2021. According to the report, junior level talent is likely to be the most sought after resource this quarter. While the hiring intent for entry, mid and senior has risen by 2% point, 4% point and 2% point respectively, the intent to hire junior talent has increased by 7% point indicating ache din for talent with a work experience of 2 to 5 years. In fact, the positivity is not constrained to hierarchy rather it is visible across industries, cities and even job roles, however it will be cautious optimism.
As per the report, the intent to hire has registered a 6% point increase in the period January to March 2021 compared to the previous quarter. The positivity in the job market is attributed to business recovery, strong FDI inflows as well as the thrust from the government towards creating a positive regulatory eco-system.
From sector point of view, out of the 21 sectors that have been reviewed Healthcare & Pharmaceuticals, Educational Services, E-commerce and Technology Startups, Information Technology Fast Moving Consumer Goods, Knowledge Process Outsourcing and Telecommunications seems to be taking the lead in terms of intent to augment manpower. Similarly, in geographies the optimism is much more evident in the Metros and Tier-1 cities. Dwelling deep into the geography, Bangalore and Delhi with a 10% point increase each are the leaders in terms of cities.