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Startups, e-tail bullish on hiring

Chennai: In spite of massive layoffs and global gloom, the hiring intent of Indian companies, especially IT companies, e-commerce and technology start-ups, for the period between January and June 2023 has moved up, finds Teamlease.

The overall hiring intent for freshers and experienced professionals has marginally increased to 68 per cent from 61 per cent registered in July-December 2022. The intent to hire freshers too has marginally increased to 62 per cent compared to 59 per cent in July-December 2022. This means, 62 per cent of employers surveyed across India intend to hire freshers during January-June 2023.

The robust intent to hire freshers were seen in information technology (67 per cent), e-commerce and technology start-ups (52 per cent) and telecommunications (51 per cent). IT, e-commerce and start-ups were some of the sectors that have seen massive layoffs in the recent past.

Cloud developer, investment banking associate, cybersecurity engineer, marketing analyst, social media specialist, content writer, campaign associate, microbiologist and biomedical engineer have emerged as top roles in freshers hiring. DevOps, corporate finance, artificial intelligence and project management are domain skills in high demand. Among the tier-1 cities, Bengaluru comes at the top with maximum openings for freshers at 75 per cent.

“Even in the face of a global muted sentiment around team hiring, a large number of Indian employers have expressed their intention to hire freshers; some to create a long-term supply channel whereas others to replace their expensive resources with fresh trainable talents. Whereas this is good news for fresh graduates coming out from universities, we shall be watchful of the intention translating to actual hiring in the coming months,” said Shantanu Rooj, Founder & CEO TeamLease EdTech.

( Source : Deccan Chronicle. )
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