It has been a difficult time for most areas since the lockdown. However, tech companies have made good progress in hiring people.
According to a report, hiring declined across sectors in May, even though the tech industry has recovered from the pandemic-induced slowdown in the job market as many technology companies are on full mode to scale up. The total number of new jobs on the SCIKEY Market Network (a job site) declined by 2 per cent in May. Sectors such as banking declined by 12 per cent, retail 16 per cent and FMCG by 12 per cent. While the insurance segment grew by 5 percent.
However, the data showed that there was strong demand for jobs such as software developer, DevOps, cloud and data engineer, which saw a growth of 12-16 per cent in May. The report said that other profiles such as sales, marketing, site engineering, human resource (HR), finance and project management saw flat demand. The data has been collected using SCIKEY’s job portal and market research conducted by SCIKEY Market Network based on over 10,000 job postings across India.
Increase in recruitment of experienced people
The data also indicated that the recruitment of medium level executives with 8-12 years of experience and leadership roles (more than 16 years of experience) increased by 5 per cent and 2 per cent, respectively. However, hiring for entry-level professionals (0-3 years of experience) declined by 4 per cent.
Karunjit Kumar Dhir, Co-Founder, SCIKEY said, “It has been a difficult time for most sectors since the lockdown. However, tech companies have made good progress in hiring people. Due to the change in work being done remotely at home due to the pandemic and the increase in demand for some online services, the number of technical companies has increased during the lockdown.
Demand for digital technology projects increased
He said the rise in tech hiring indicates that such roles remain in high demand due to increased competition and demand for projects that lead to new digital technologies during the pandemic.
Karunjit Kumar Dhir said, “This is a positive indicator that businesses are moving towards activating their development planning and not just following a survival or business continuity strategy. As the economy is gradually growing with unlock measures and mobility, we expect the job hiring activities to improve further in other sectors as well.”
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