Sharma says most sectors show grater appetite for hiring
Automotive, BFSI, Global In-House Centers, Heavy Engineering and Manufacturing, Internet Businesses, Information Technology and Pharmaceuticals are expected to hire in 2022, which will be 31% over 2021 in terms of numbers, according to a report launched Ved Mani Tiwari, COO and Officiating CEO, National Skill Development Corporation (NSDC) on 4 Feb 2022.
CII launched the 3rd edition of Decoding Jobs Sectoral Reports, which will assist industries to navigate the recruitment landscape by showcasing the key recruitment trends and best practices. The report by Taggd is in association with the Confederation of Indian Industry and Sunstone Eduversity.
“The future looks bright for India Inc in 2022. Our data shows that hiring in 2021 increased by 34% over 2020, with sectors such as manufacturing and automotive showing recovery. We expect it to increase further by 31% in 2022,” Taggd President Devashish Sharma elaborated on hiring projections for 2022.
“While we did witness some obstacles in the form of the ongoing tech talent crunch, skills gaps, and the Great Resignation, we’ve bounced back stronger with most sectors exhibiting a greater appetite for hiring in 2022.”
“A leading cause of poor productivity and lack of alignment in the work scenario is the absence of a functional, cutting-edge training and learning ecosystem. Therefore, making education tailored to the demands of the corporate world through experiential learning and industry interaction during college will be the redefining factor for education in the coming years,” said Piyush Nangru, the COO and co-founder of Sunstone Eduversity, at the report launch.
“These factors make it imperative for ‘Soft-skills’ and ‘Content designed for in-demand specialisations’, to be a prominent part of the curriculum and base-level training. There are numerous opportunities already in place for academic collaborations to empower our freshers and make them employable, and we, as educators, need to embrace them,” he said.
R Mukundan, Chairman, CII National Committee on Industrial Relations and Managing Director & CEO, Tata Chemicals Ltd, highlighted the macro-economic factors supporting this positive hiring sentiment.
“As we pave the way towards India@2047, the path towards self-reliant India has to be supported by a large availability of a skilled workforce to meet the demands of Industry 4.0,” he said.
A primary survey was conducted covering 200+ large enterprises, employing more than 5lakhs+ people across sectors to understand the hiring outlook across parameters of experience, location, composition of workforce, gender, and skills.
The report also covers the key hiring metrics such as time to fill, average cost per hire, and average hike given in the past year for each of the 7 sectors. Moreover, Taggd also conducted a series of industry specific roundtable with Talent leaders to get qualitative insights.
Tagged is India’s leading digital recruitment platform that provides ‘Ready-to-Hire’ talent to India Inc. Taggd has successfully fulfilled talent mandates of more than 100+ clients and ensured hiring managers’ success for half a million jobs from over 14+ sectors.
Sunstone Eduversity is a leading higher education service provider that invests in up skilling students across the country. Sunstone incorporates a blend of practical and theoretical education to deliver job-ready skillsets. Sunstone offers its services in 22+ campuses spread across 18+ Indian cities, with industry-aligned learning content designed for 7+ tailored programs that are leveraged to enhance employability. fiinews.com
