According to the Teamlease Employment Outlook (July- Sept, 2021) Report, the intent to hire freshers has increased by 7 percent in the current quarter. The euphoria is not just restricted to entry level talent, the intent to hire junior level hiring is also on a positive trajectory indicating Q2 to be dominated by volume hiring. In fact, from a hierarchal perspective while the growth rate of intent to hire freshers is the highest, with a 32 percent point it is the junior level hiring that is leading in terms of overall intent to hire.
The positivity in the intent is largely dominated by Healthcare & Pharmaceuticals (+60 percent), Information Technology (+58 percent), Educational Services (+58 percent), Ecommerce & Technology Start-ups (+53 percent), Fast Moving Consumer Goods (+51 percent), Agriculture & Agrochemicals (+50 percent), Knowledge Process Outsourcing (+48 percent), Retail [Essential] (+48 percent), Logistics (+44 percent), Telecommunications (+42 percent).
“Most of the industries seem to have overcome the impact of second wave and are moving towards growth. In fact, the focus of industries on profiles that are at the execution level is an indication that businesses have got their strategy as well as plan in place and this trend of positive momentum is here to stay," Rituparna Chakraborty, Co-Founder & Executive Vice President, TeamLease Services.
Further with the festive season round the corner most of the sectors would be lookin to put the season to maximum use. "This is also a reflection why there is a significant rise in demand for freshers and junior talent," added Rituparna.
From a business size point of view as per the research, while large businesses are leading in the overall intent to hire with 44 percent of the employers indicating intent to ramp up their hiring, it is small businesses that are exhibiting a significant growth in the intent. The intent to hire by Small business has grown by 6 percent point whereas large businesses have indicated only a 4 percent point.