News: Hiring sentiments for Bengaluru up by 43%: Report


Hiring sentiments for Bengaluru up by 43%: Report

The “Career Outlook Report” by TeamLease EdTech detailed analysis of freshers hiring sentiment of 865 companies, across 18 industries and 14 locations; for the period July to December 2022.
Hiring sentiments for Bengaluru up by 43%: Report

With the reopening of the offices, metro cities have again started gaining the pace of employees and job seekers’ relocation. According to a report conducted by TeamLease EdTech, Bengaluru emerges as the leading city for freshers with 68% employers projecting the intent to hire, followed by Mumbai (50%) and Delhi (45%).

According to the “Career Outlook Report”, in H2 2021 (same period last year), the hiring sentiment for employers in Bengaluru, Mumbai and Delhi stood at 43%, 31% and 27%, respectively. The locations which have shown slow hiring sentiment are Kochi (2%), Indore (2%), Coimbatore (3%) and Chandigarh (5%).

Key highlights:

  • From an industry perspective, Information and Technology, Ecommerce & Technology Start-ups and Telecommunications are the most promising sectors for freshers with 65%, 48% and 47% employers showing the intent to hire, respectively.
  • There is a huge demand for job roles across 5G-centric technologies such as Internet of Things (IoT), Artificial Intelligence (AI), robotics and cloud computing in the telecom sector; with majority of companies hiring freshers. 
  • On the other hand, some industries where hiring sentiment was muted are Travel & Hospitality (7%), Agriculture and Agrochemicals (9%), Real Estate: Non-Essential (9%) and Maketing & Advertising (9%).

Commenting on the findings, Shantanu Rooj, Founder & CEO, TeamLease EdTech, said, “The sentiment around entry level jobs and freshers hiring is significantly improving in India. More employers willing to increase their freshers resource pool is, in fact, an evidence of this trend and indicates that the employability of the country’s youth has undergone a value driven change over the last few years. A lot of this is attributed to the alliance between employers, academia and industry; which has played an instrumental role in creating the right kind of programs (like apprenticeship embedded degrees) to educate and up-skill candidates. Within a year, freshers hiring sentiment has seen a 42% increase and we are optimistic that this will go up rapidly in the coming years as well”.

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Topics: Recruitment, #Hiring

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