Talent management platform Avsar, in its recent report has found that India’s hiring outlook remains positive in 2022. Hiring in the past two quarters witnessed a significant spike and there have been 8 million jobs which were created across various sectors during fiscal year 2022.
The study by Avsar also found that the highest growth was witnessed across sectors such as tech, pharma and BFSI.
Pune is leading the job generation market this year with a 78.11% employment rate followed by Lucknow and Trivandrum at 74.32% and 64.48% respectively. The hiring in Tier 1 cities like Bengaluru, Delhi and Mumbai is projected to increase in the last quarter of 2022.
Sales and business development has been the highest job creator with 26.9% and IT/ITES created 20.6% employment followed by the marketing sector with 9.9%. Furthermore, the survey hints that a mild recession is expected to hit India in 2023 which will impact the country’s white-collar workforce.
Out of the 10,000 employees surveyed, 97% prefer either working from home or a hybrid model with at least 2 days of remote working. Only 3% of the respondents wish to work from the office.
Commenting on the survey, Navneet Singh, CEO of Avsar, said, “Post-Covid, the job market is gaining momentum in India. The hiring scenario seems progressive as jobs for both blue-collar workers and white-collar workforce are growing rapidly. All in all, hiring surged in the past two quarters of 2022 and this trend is expected to sustain its pace even in the year’s last quarter as well.”
He further added that a mild recession might hit India next year and is expected to impact the white-collar workforce. “However, we are hopeful that just like the pandemic, we will be able to sail through this roadblock as well,” he said.