Mint + Shine Talent Insights


Posted July 4, 2022 by Shine_com

India Inc. is expanding its recruiting after a two-year slump. That's a bonanza for job seekers with the appropriate set of future-proof talents. Companies are prepared to go the extra mile to recruit candidates.

 
That is the employment landscape depicted in a research called "Talent Insights" by Mint-Shine.com (Shine.com is a subsidiary of HT Media Ltd, which publishes Mint). In comparison to the prior quarter, the April–June quarter saw a 61 percent increase in jobs on Shine's employment portal, or a 1.6-fold increase in job postings. The industries that have added the most new positions during the past three months are information technology (IT), BPO/call centres, and recruiting services.
Fewer postings were made in the first quarter of FY21, while the second wave of COVID was raging. Since then, most industries have experienced a rise in the need for labour, as more businesses have opened, relocated, or adopted hybrid business models. Hospitality, one of the industries that took the brunt of the pandemic, is starting to recover. (Click here to access the complete report.- https://learning.shine.com/talenteconomy/mint-shine-talent-insights/job-index-report/)

The survey found that the top industries for hiring in FY22 were IT (16%), hotel (10%), energy (8%) engineering and construction (7%) and banking and financial services and insurance (BFSI, 9%) The biggest increases in the number of posts from FY21 to FY22 were in broking, shipping, and automation, at 863 percent, 603 percent, and 594 percent, respectively. According to the data that is currently available for the first quarter of FY23, the top industries for job listings were IT (21%) BFSI (16%), which included banking and financial services (9%) and insurance (7%) BPO/call centres (10%), and recruiting services (9 percent ).

What HR wants to see:

For workers, the hiring boom is excellent news. According to human resources (HR) directors Mint spoke with, businesses must devise strategies and incentives to draw in new workers without negatively impacting their balance sheets.

But which personnel have a competitive advantage? "In 2022, there will be a considerable need for digital workers with the necessary expertise and skill sets. This year, there will be constant hiring due to the high turnover in the IT services industry, according to S. Venkatesh, group president-HR of RPG Enterprises, which employs roughly 30,000 employees.
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Issued By Mint+Shine
Country India
Categories Human Resources , Reports
Tags hiring trends , jobs , talent insights
Last Updated July 4, 2022