Gurgaon, Haryana Jul 4, 2022 (Issuewire.com) - That is the employment landscape depicted in research called "Talent Insights" by Mint-Shine.com (Shine.com is a subsidiary of HT Media Ltd, which publishes Mint). In comparison to the prior quarter, the April–June quarter saw a 61 percent increase in jobs on Shine's employment portal or a 1.6-fold increase in job postings. The industries that have added the newest positions during the past three months are information technology (IT), BPO/call centers, and recruiting services.
Fewer postings were made in the first quarter of FY21, while the second wave of COVID was raging. Since then, most industries have experienced a rise in the need for labour, as more businesses have opened, relocated, or adopted hybrid business models. Hospitality, one of the industries that took the brunt of the pandemic, is starting to recover. (Click here to access the complete report on mint + shine talent insights)
The survey found that the top industries for hiring in FY22 were IT (16%), hotel (10%), energy (8%) engineering and construction (7%), and banking and financial services and insurance (BFSI, 9%) The biggest increases in the number of posts from FY21 to FY22 were in broking, shipping, and automation, at 863 percent, 603 percent, and 594 percent, respectively. According to the data that is currently available for the first quarter of FY23, the top industries for job listings were IT (21%) BFSI (16%), which included banking and financial services (9%), and insurance (7%) BPO/call centres (10%), and recruiting services (9 percent ).
What HR wants to see:
For workers, the hiring boom is excellent news. According to human resources (HR) directors, Mint spoke with, businesses must devise strategies and incentives to draw in new workers without negatively impacting their balance sheets.
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