News: Companies have hired 72% of top executives as compared to 28% of freshers amid the pandemic

Talent Acquisition

Companies have hired 72% of top executives as compared to 28% of freshers amid the pandemic

Similar hiring trends have been observed in May, June and July. In the month of May, it indicated that companies are hiring 90% senior leader with an experience of 8 to 15 years and only ten percent of freshers and mid- level employees with an experience of 0- 7 years.
Companies have hired 72% of top executives as compared to 28% of freshers amid the pandemic

Senior Leadership hiring during April to July amid the pandemic saw an uptick as observed by a talent commerce platform SCIKEY. Companies have hired 72 percent of top executives as compared to 28 percent of freshers and mid- level executives in the period of April to July.

SCIKEY talent commerce platform further revealed that companies are hiring 72 percent senior leaders with an experience of 8 to 15 years and only 28 percent of freshers and mid- level employees with an experience of 0- 7 years in the month of April. In times of distress businesses need more and not less of experienced hands on the till. So while COVID may continue to take its toll, it is unlikely to significantly dampen the demand for senior leadership positions.

Similar hiring trends have been observed in May, June and July. In the month of May, it indicated that companies are hiring 90% senior leader with an experience of 8 to 15 years and only ten percent of freshers and mid- level employees with an experience of 0- 7 years. In the month of June, it indicated that companies are hiring 65 percent senior leader with an experience of 8 to 15 years and only 35 percent of freshers and mid- level employees with an experience of 0- 7 years. In the month of July, it indicated that companies are hiring 62 percent senior leaders with 8 to 15 years of experience as compared to 38 percent freshers and mid- level employees with an experience of 0- 7 years ofexperience in the month of July.

These findings are based on SCIKEY’s talent marketplace that analysed the job postings of candidates from April to July. This data is from 300 job provided for IT professionals in Mumbai, Pune, Bangalore, Hyderabad and Chennai. This mainly includes IT professionals such as Analyst, Engineer, Tester, Developer and Change Management.

Mr. Karunjit Kumar Dhir, Co- founder, SCIKEY said, “The pandemic has brought turbulent times for industries across the board but the demand for top talent continues. New realities and trends have emerged requiring faster transformation and accelerated pace of digital adoption. Companies need to go beyond their organization to secure the right skill sets, mindset & experience of people who may have successfully steered their organisation through challenging times.”

Companies are pivoting and restructuring their talent resources to better suit the new normal. So, when the situation improves, companies will be in a good position to make progress. This is talent investment at its best.

Read full story

Topics: Talent Acquisition

Did you find this story helpful?

Author

QUICK POLL

How well prepared were the companies to tackle the scourge of the second wave of the pandemic?

2 months free subscription
q_auto,f_auto/v1622704035/mag-june-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How are you sailing through the continuing COVID-induced uncertainty?

READ the June 2021 issue of our magazine to gain insights on navigating the unknowns.