Hiring activity is expected to jump by 31% this year across seven key sectors: automotive, BFSI, global in-house centres, heavy engineering and manufacturing, internet businesses, information technology, and pharmaceuticals, according to the third annual Decoding Jobs Industry Sectoral Reports 2022, published by digital recruitment platform Taggd, in collaboration with the Confederation of Indian Industry and Sunstone Eduversity.
According to a report carried by The Economic Times, the top three industries expected to hire the most number of employees in 2022 are automobiles, IT/ITes, and internet businesses. Hiring activity across global in-house centres in India is expected to grow by 31% in 2022, in comparison to 27% in 2021.
"The future is bright for India Inc. in 2022," said Devashish Sharma, President of Taggd. As per our data, hiring increased by 34% in 2021 especially in comparison to 2020, with industries like manufacturing and automotive showing signs of recovery, and we expect it to increase by 31% in 2022. While we confronted some issues, including the ongoing tech talent shortfall, skills shortage, and the Great Resignation, we've come back stronger, with most sectors displaying a greater appetite for hiring in 2022."
R. Mukundan, Chairman, CII National Committee on Industrial Relations, and Managing Director & CEO, Tata Chemicals, showcased the macroeconomic factors supporting this positive hiring sentiment, saying, "As we pave the way towards India@2047, the path towards self-reliance in India must always be supported by a large availability of a skilled workforce to meet the demands of Industry 4.0."
According to the report, professionals with 1-5 years of expertise are expected to see a surge in demand across industries in 2022, followed by freshers. In 2022, more than half (56%) of new hires are expected to be early career professionals (0-5 years of experience).
Surprisingly, nearly half of all new hires (47%) are expected to come from non-tier 1 cities. Gig workers are expected to account for 9% of the workforce in 2022, up from 8% in 2021.