Mumbai: job market According to a report, inflation did not make any difference in the first quarter in the country as most companies believed that it is not going to change the recruitment and salary of its employees.
Despite inflationary fears, most job seekers are not adversely affected by inflation as far as their livelihood and expenses are concerned, with six out of 10 job seekers saying they are not affected much , as revealed by the Global Job site Quarterly Recruitment Tracker Indeed.
In line with employee sentiment, 89 percent of employers interviewed said inflation would not change the way companies hire and pay employees, it added.
The Indeed Hiring Tracker for Q1, FY23, is based on a survey of 1,229 employers and 1,508 employees during April-June 2022.
Indid’s hiring tracker indicated a positive job momentum growth in April-June 2022 with employers registering a growth of 29 per cent in the previous quarter compared to 20 per cent growth in the previous quarter.
It further said that 37 per cent of all job seekers looked for a job or change in job during the quarter, as against 46 per cent during the previous quarter.
“Sectors like IT, healthcare, e-commerce will continue to grow and with the advent of 5G, we will see a sharp increase in telecom jobs in the next few quarters as well.
Shashi Kumar, India Head of Sales said, “With the growing job market and the ever-evolving job concept, it will be interesting to see how India defines the future of work.”
Further, as per the findings of the report, employers observed various engagement modes during the quarter that help them manage costs such as full-time, part-time, gig or contractual work in response to inflation as well as candidate expectations. can.
Job seekers continued to prefer full-time work (63 percent) rather than part-time employment (26 percent) or gig or contract employment (11 percent).
However, on the employer side, the difference is less disproportionate as more than 19 percent of employers hire gig workers during the quarter.
The report also revealed that it is expected to be the toughest matching wage increase among all other benefits for employers (27 per cent) to combat inflation.
IT/ITES continued to lead all sectors, with 91 per cent of employers in this sector hired during the quarter compared to 83 per cent in the previous quarter.
This trend is most likely similar to the one the technical sector has been experiencing in recent days, it noted.
Despite being at the bottom of the list, sectors such as design and development (33 per cent), operations or administration (29 per cent) and accounting and finance (26 per cent) had a significantly higher proportion of employers hired during the quarter.
The report further revealed that technical roles were preferred as the most in demand for the quarter, while healthcare and e-commerce were the other top sectors contributing to the growth in demand for talent.
Meanwhile, metros in cities with hiring activity in Bangalore (93 per cent), Mumbai (87 per cent) and Chennai (82 per cent) showed stronger growth in hiring than other cities.
It added that Chandigarh (59 per cent), which came last, still saw a significant increase in hiring in the quarter.
Despite inflationary fears, most job seekers are not adversely affected by inflation as far as their livelihood and expenses are concerned, with six out of 10 job seekers saying they are not affected much , as revealed by the Global Job site Quarterly Recruitment Tracker Indeed.
In line with employee sentiment, 89 percent of employers interviewed said inflation would not change the way companies hire and pay employees, it added.
The Indeed Hiring Tracker for Q1, FY23, is based on a survey of 1,229 employers and 1,508 employees during April-June 2022.
Indid’s hiring tracker indicated a positive job momentum growth in April-June 2022 with employers registering a growth of 29 per cent in the previous quarter compared to 20 per cent growth in the previous quarter.
It further said that 37 per cent of all job seekers looked for a job or change in job during the quarter, as against 46 per cent during the previous quarter.
“Sectors like IT, healthcare, e-commerce will continue to grow and with the advent of 5G, we will see a sharp increase in telecom jobs in the next few quarters as well.
Shashi Kumar, India Head of Sales said, “With the growing job market and the ever-evolving job concept, it will be interesting to see how India defines the future of work.”
Further, as per the findings of the report, employers observed various engagement modes during the quarter that help them manage costs such as full-time, part-time, gig or contractual work in response to inflation as well as candidate expectations. can.
Job seekers continued to prefer full-time work (63 percent) rather than part-time employment (26 percent) or gig or contract employment (11 percent).
However, on the employer side, the difference is less disproportionate as more than 19 percent of employers hire gig workers during the quarter.
The report also revealed that it is expected to be the toughest matching wage increase among all other benefits for employers (27 per cent) to combat inflation.
IT/ITES continued to lead all sectors, with 91 per cent of employers in this sector hired during the quarter compared to 83 per cent in the previous quarter.
This trend is most likely similar to the one the technical sector has been experiencing in recent days, it noted.
Despite being at the bottom of the list, sectors such as design and development (33 per cent), operations or administration (29 per cent) and accounting and finance (26 per cent) had a significantly higher proportion of employers hired during the quarter.
The report further revealed that technical roles were preferred as the most in demand for the quarter, while healthcare and e-commerce were the other top sectors contributing to the growth in demand for talent.
Meanwhile, metros in cities with hiring activity in Bangalore (93 per cent), Mumbai (87 per cent) and Chennai (82 per cent) showed stronger growth in hiring than other cities.
It added that Chandigarh (59 per cent), which came last, still saw a significant increase in hiring in the quarter.