Freshers' Hiring Intent By India Inc Surges 61 Per Cent In HY2: Report

There is a more than threefold rise in the share of job opportunities for freshers as overall ' hiring intentions for the current HY increased to 61 per cent as compared to July-December 2021

Freshers' hiring intentions have increased to 61 per cent for the July-December 2022 period as employers across India look to hire due to the accelerated rate of tech and digital advancements, according to a report.

News agency PTI in a report said that there is a more than threefold increase in the share of employment opportunities for freshers as overall freshers' hiring intentions for the current HY increased to 61 per cent as compared to July-December 2021, according to TeamLease EdTech Career Outlook Report.

At the beginning of the second half of 2022, attracting and retaining talent emerged as a top priority for many leading companies and business leaders, it added.

"There is a substantial increase in job openings for freshers, but many demand updated skills and experience due to the accelerated rate of tech and digital advancements globally. Breaking down the hiring intent thus helps identify the right path for students and corporations equally in the times of talent wars," TeamLease EdTech founder and CEO Shantanu Rooj said.

TeamLease EdTech Career Outlook Report (HY2, July-December 2022) is based on a survey of 865 small, medium and large businesses pan India across sectors.

The report further revealed that information technology (34 per cent), followed by e-commerce and technology startups (23 per cent) telecommunication (22 per cent) and the engineering sector (20 per cent) are the top industries that have witnessed remarkable growth in the current HY compared to the same period of 2021.

Similarly, Bengaluru (25 per cent) has experienced growth in the intention to hire for the current HY, followed by Mumbai (19 per cent) and Delhi (18 per cent), it stated.

In terms of degree-wise hiring talent, Bachelor's degrees, with 17 per cent, and Diplomas with 11 per cent, have seen the maximum growth this year, closely followed by Masters, it added. 

Tech Mahindra hiring

Tech Mahindra, India's fifth-largest IT services exporter, has announced it will be hiring 3,000 people in Gujarat over the next five years. The company's current staff strength in Gujarat could not be immediately ascertained, according to a report by the PTI.

It signed a Memorandum of Understanding (MoU) with the Government of Gujarat under its IT/ITeS (IT enabled services) policy on Tuesday.

The agreement will enable the company to address the changing engineering needs of enterprises, its managing director and chief executive C P Gurnani said and appreciated the state for improvements in the ease of doing business.

An official statement said the government has so far signed 15 MoUs with domestic and global companies under the IT/ITeS policy which will generate approximately 26,750 skilled IT employment opportunities in the state.