Saturday, Apr 20, 2024 | Last Update : 09:41 AM IST
Hiring intent to touch 4-yr high
Tech, automotive among bullish sectors.
Mumbai: Hiring in 2019 is likely to be strongest after a gap of four years on the back of bullish employment opportunities in software & hardware, automotive and travel and hospitality sectors, according to India Skills Report 2019 released by PeopleStrong, a HR solution and tech firm. The appetite for fresh hiring can be gauged from the fact that the intent for 2019 has more than doubled to 15 per cent from a mere 7 per cent in 2017.
According to it, the year 2019 marks the second consecutive year of job market revival. After a high of 23 per cent in 2015, the year on year increase in hiring intent had slipped to 14 per cent in 2016 and further to a low of 7 per cent in 2017. There was, however, a revival in 2018 when the intent had risen to 10 per cent.
The report based on the survey of over 1,000 employers across sectors revealed that the growth in hiring intent in 2019 is driven by the software industry, which is emerging from the shadow of de-growth, turbulence and freeze in hiring after a gap of two years. While design and analytics jobs would be the most sought-after ones in the overall set, it said the demand would increase for almost all profiles especially specialist technologies in the space of artificial intelligence /machine learning.
The report says even though hiring volumes might not reach the scale of 2010-11, the situation would still be better than what it was in the last 2-3 years.
“It is encouraging to see a positive hiring intent this year and even more to see tech hiring getting back in action. It is also heartening to see that the increase in hiring intent is not limited to organizations of a certain size, but it is spread across companies of different sizes and sectors,” said Pankaj Bansal, co-founder and CEO of PeopleStrong.
On gender diversity, the survey noted that the female employability this year has increased to 46 per cent from 38 per cent last year. Male employability score has grown marginally to 48 per cent from 47 per cent last year. Of all the new hiring in 2019, almost 15-20 per cent would comprise of women, the report added.
