Hiring activity increased by 29% in April-June quarter of FY23: Indeed

The previous quarter’s increase was pegged at 20%

August 26, 2022

37% of all job seekers in the April-June quarter were either looking to get newly employed or make a change from their existing jobs

With the advent of 5G, a strong increase in telecom jobs is expected in the upcoming quarters, besides the growth of industries such as IT, healthcare, and e-commerce

63% of the job seekers preferred to work full time, 26% wanted to take part-time roles, and 11% were interested in gig or contract employment

In terms of sectors, IT/ITeS continued to have the most number of recruiters in the quarter, at 91%

India’s employers have increased hiring by 29% in the April to June quarter of this year, compared to the previous quarter, where the increase was 20%, according to data from a hiring tracker of global job site Indeed. The tracker is based on a survey of 1,229 employers and 1,508 employees from the April-June quarter of this year.

The data said that 37% of all job seekers in the April-June quarter were either looking to get employed for the first time or make a change from their existing jobs, compared to 46% from the previous quarter. 

With the advent of 5G, a strong increase in telecom jobs is expected in the upcoming quarters, besides the growth of industries such as IT, healthcare, and e-commerce.

Recruiters are looking for different kinds of employees in the quarter, falling into categories such as full-time, part-time, gig, and contractual work, to manage candidate expectations and company budgets. 

As per the data, 63% of the job seekers preferred to work full time, 26% wanted to take part-time roles, and 11% were interested in gig or contract employment. Employers, on the other hand, are hiring 19% of contract/gig workers.

In terms of sectors, IT/ITeS continued to have the most number of recruiters in the quarter at 91%, compared to 83% during the previous quarter. Design and Development had 33%, Operations/Administration had 29%, and Accounts & Finance had 26% of employers.

Technology roles were the most in-demand, and the sectors contributing to the increase in talent demand were healthcare and e-commerce. 

Among areas, the metro cities had the highest hiring activity, with Bangalore at 93%, Mumbai at 87%, and Chennai at 82%. Chandigarh also showed a healthy increase in hiring activity at 59%.