Large businesses continued to dominate hiring activity (59% of employers), while hiring by mid-sized businesses saw a decline (38%). Bangalore continued to lead hiring (56%) and Kolkata replaced Chennai at the bottom of the hiring list (34%).
Other key findings from the report include:
Booming Sales and Marketing demand
Receding Covid cases and partial lockdowns in Q1 FY’22 allowed businesses to operate, focussing employers on roles driving sales and revenue – a shift from the focus on operational roles to stabilize business operations in Q4FY’21.
Mental Health and employee development challenges
The widespread impacts of the Second Wave resulted in understaffed teams and increased employee burnout. However, 76% of the jobseekers surveyed did not receive Covid-related benefits/compensation packages or mental health support.
Appraisal plans were also impacted. 70% of employees said that they did not receive any promotion or pay increase this quarter, with only 11% of employers promoting or offering salary increases.
Changing jobseeker aspirations
The number of job seekers and job changers increased slightly over the previous quarter (70% vs 68%), with 52% at entry level, 44% mid-level and 18% senior level. Jobseeker priorities also shifted, with 25% saying salary was their primary focus, followed by career growth (19%), learning opportunities/challenges/responsibilities (16%), and company reputation (14%).
Startup-SME jobs were the top picks for post-graduates (44%) and mid-level job seekers (42%). Preference for roles in MNCs/Large companies (43%) was marginally more widespread during Q1FY’22 than during the previous quarter (38%).
Sashi Kumar, Head of Sales, Indeed India said in a release: “As businesses continue to find a rhythm of working through multiple pandemic challenges, the tracker reflects the resilience of India’s labour market. With hiring activity seeing a month-on-month increase, it was interesting to see businesses pivot their hiring priorities from operation roles to sales roles. It’s also clear that paying attention to employee expectations will enable them to thrive, so ongoing conversations around wellbeing and hybrid work are vital.”