A survey conducted by Avsar has shown a significant upswing in entry-level recruitment in the month of June, 2022. Conducted by Avsar, the survey has highlighted the demand in the industry for fresh talent, especially in India’s financial capital Mumbai where recruitment of entry-level professionals soared by 93%.
When it comes to the sector-wise breakdown, travel and hospitality experienced a rise of a whopping 158%, while insurance witnessed a growth of 101% in hiring entry-level talent. Fresher recruitment in accounting and finance, BFSI and education grew between 85-95% and 70%, respectively.
The survey has revealed IT emerging to be the top job-generating sector, with a 96% rise in job openings in the last two quarters. The topmost Indian cities offering these jobs were Bangalore, Delhi-NCR, Mumbai, Pune, and Hyderabad. Other sectors leading in generating the highest employment in 2022 are e-commerce, BFSI, and FMCG.
Taking into consideration the post-Covid scenario, the survey report also shows that candidates are not looking for full-time or in-office work opportunities. Considering that 75% of the workforce is currently working either remotely or following a hybrid work model, it would be safe to assume that the hybrid model will be the future of workplaces. Analyzing the trajectory of the job market so far, the study also foresees a progressive future. It also points out that the employment scenario in the last quarter of 2022 will witness 30-35% growth.
“The past two years have been a rollercoaster ride for both employers and employees. However, now, as some normalcy is prevailing, the job market is also settling. We are gradually inching towards a stage where employers have a diverse talent pool, and employees have relevant opportunities to explore,” Avsar CEO Navneet Singh said.