India Hiring Tracker Q4, FY '21 - (January-March)
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
India Hiring Tracker Q4, FY '21 (January-March)
01
Foreword
Pg - 01
02 03
Hiring and job-seeking Employers are hiring
during Q4 (January–March), 2020-21 operational roles on priority
Pg - 02 Pg - 05
Contents 04
Jobseekers have wide-ranging
05
Market Confidence is driving
preferences Demand and Supply
Pg - 06 Pg - 09
06
Methodology and
Sample Design
Pg - 11
India Hiring Tracker
Q4, FY' 21 (Jan-Mar)India Hiring Tracker
The relationship between supply and To address this need, Indeed has
demand in the Indian employment commissioned a Quarterly Hiring
market is more unbalanced than it Tracker to map employer and jobseeker
has ever been. The pandemic has needs and preferences. The report
caused unprecedented upheaval focuses on the quantum of hiring and
within organizations, and as business job-seeking activity, roles employers
activity shows signs of gradual revival, prioritize, expectations jobseekers hold
employers have to calibrate hiring and how all of this comes together to
activity to suit market, talent, and facilitate a good match between the
consumer readiness. two sides. It reports insights by
business sector, organizational size
The need for tracking jobseeker
and type, and a bunch of talent
Foreword activity and preferences has become
demographics.
a key requirement to helping fix the
talent supply chain and increasing Besides looking at how successful
mutual understanding of expectations employers were in fulfilling their
and market reality. requirements for the quarter, the
tracker delves into jobseeker
aspirations and factors that have
influenced hiring during the
January–March quarter. It also takes a
quick peek into employer confidence
for the coming quarter.
Sashi Kumar,
Head of Sales,
Indeed India
01India Hiring Tracker
Did employers carry out any hiring during the
previous quarter?
Hiring and job-seeking activity have
flourished despite the pandemic. As
many as two-thirds (64%) of all
employers surveyed hired talent during
36% Q4, FY ‘21 (January-to-March). Also, 61%
Hiring 64% of all jobseekers surveyed looked for a
job (or change of job) during this
and period. Healthcare (82%), E-commerce
Yes
job-seeking No
(69%), and Financial Services (68%)
sectors led the activity more than the
during Q4 remaining (Construction & Real Estate
Did jobseekers carry out job search during the
FY ‘21 previous quarter? and Information Technology at 65%
each). More than 50% of the Large- and
(January–March) Medium-sized organizations that were
surveyed hired during this period, while
nearly 80% of small-sized organizations
39% did not. At 75%, Bangalore led hiring
61% activity among cities, while Chennai
lagged behind all other cities at 35%.
Yes
No
02India Hiring Tracker
Employers were also able to fulfil their hiring requirements appreciably.
68% of all employers filled more than 60% of their hiring needs
during the quarter. 36% of the employers were able to fulfil
requirements at the Entry and Junior levels, while 63%
were able to fulfil Senior-level requirements.
How many positions did employers fill in the previous quarter
7%
10% 81%- 100%
42%
61%- 80%
15% 41%- 60%
21%- 40%
26% 0%- 20%
03India Hiring Tracker
40%
38%
35%
The monthly hiring trends show a
progressive decline, with the
30% 31%
effects of the second wave of the
Employment change
25% 26%
pandemic. However, the overall
20%
hiring activity for the quarter
remained robust. The downward
15%
trend was generally seen to be a
transient phase in the journey 10%
towards job market recovery.
5%
0% Month
January February March
04India Hiring Tracker
Organizations focused on running essential business activities and aligning their hiring
needs during the quarter. However, hiring was on at slightly lower priority, for roles
across the peripheral functions. The top roles employers hired for, on priority, during
Q4, FY ‘21 (January – March) were – Operations/Support [Team Lead, Business Analyst,
Content Head, Service Engineer], Technical [Mobile App Developer, CAD/CAM Engineer,
Database Administrator, Medical Coders], and Blue Collar [Delivery Personnel,
Employers Electrician, ITI Trainee, Field Technician].
are hiring
operational
roles Top job roles employers hired for during the previous quarter
on priority
12% 9% 6% 3%
Engineering Sales Non-Tech Management
25% 18% 15% 12%
Operations/Support Technical Blue Collar Marketing
05India Hiring Tracker
An excellent organization to work for (27%) followed by good career growth (25%) were
the top aspirations across all categories of jobseekers. Given the times, jobseekers are
exhibiting prudence. In the Covid-19 aftermath, except for a marginally higher
preference for MNCs/Large companies (38%), jobseekers are equally inclined to work at
any organization type. 60% of the female jobseekers surveyed expressed a preference
Jobseekers to work for Startups/ SMEs, contrasted with only 21% of male jobseekers who did so.
have
wide-ranging
preferences What organization type do jobseekers wish to work for?
70% 60%
60% 47%
50%
% respondents
32%
40%
21% 22%
30% 18%
20%
10%
Type of
0%
Organization
Start-ups/SMEs Medium-sized MNCs/Large
Male Female
06India Hiring Tracker
60% of the jobseekers at the Entry and On average, jobseekers across
Top Career Aspirations of Employees/Candidates
Junior level, and 70% of the doctoral educational groups spent up to 30
graduates surveyed, displayed a strong minutes a day looking for a job. At 5%,
preference to work for MNCs/Large freshers were least motivated to look
companies. Across most cities for jobs during the quarter and at 66%,
jobseekers were equally inclined to
27% 25% doctoral graduates spent the highest.
working in MNCs/Large companies as in The higher one goes up the hierarchy,
Startup/SMEs. the lower the time spent on job search.
Good organization Career growth
55% of Senior level jobseekers spent
Different groups of jobseekers spent less than 30 minutes a day. In
significantly different amounts of time comparison, 37% of Mid-level
on job search. Job search took up 1-2 employees spent 30 minutes to an hour
hours for 36% of all jobseekers during
21% 15% a day, and 40% of Entry-level employees
the quarter. The employed spent 30 spent around 1-2 hours a day on job
minutes to an hour, while the search during Q4, FY ’21 (January –
unemployed spent more than 2 hours Learn new things Best Salary March). Job portals/apps were the most
per day. Nearly 50% of the male preferred approach for job-seeking,
jobseekers surveyed spent 1-2 hours followed by company references.
per day looking for jobs, while 40% of
the female jobseekers spent 30 minutes
a day looking for jobs. 12%
Creative Freedom
07India Hiring Tracker
An ideal organization, as per jobseekers,
should prioritize Employee Wellness
above all other considerations. A good
majority of jobseekers are in the quest
for their dream job. More than half of all
jobseekers – 53% male and 60% female
– were still looking for their desired job.
Among the unemployed, 69% were still
looking for their desired job compared
with 25% of the employed; as were 44%
JOB SEARCH
of mid-level and 40% of senior-level
jobseekers. Large proportions of the
younger demographic, on the other
hand, have yet to succeed in the quest
for an ideal employer. 50% of Entry level
jobseekers, 49% of the undergraduates
and 40% of the graduates belonged in
this group. Across cities, only about 25%
of all jobseekers seem to have found
their desired jobs.
08India Hiring Tracker
Despite low levels of employer confidence, factors such as Market Confidence (69%
of all employers) and Customer Demand (56% of employers) played a significant
role in the traction in hiring activity. Small (78%) and Medium-sized (75%)
Market organizations believed Market Confidence led them to ramp up hiring, and
Customer Demand was the reason Large organizations (90%) stepped up their
Confidence hiring.
is driving
Demand
and Significant factors that have played a role in hiring
90%
Supply
100%
80% 78%
90% 75%
80% 63%
70% 55%
60%
Axis Title
40%
50% 38%
30%
40%
30%
20%
10%
Size of the
0%
Organization
Large Medium Small
Customer Demand Pandemic Impact Market Confidence Global Market Demand Company Performance
09India Hiring Tracker
Market Confidence was also the leading
Confidence level on hiring talent in the next quarter- by Organization Size
driver across sectors and cities in
employers stepping up hiring.
Pandemic Impact was the biggest
80% 69%
reason for 67% of the employers in the
70%
E-commerce sector. Increased Demand
60%
– Global and Domestic Customer – were
% respondents
38% 40%
50% 31%
the biggest reasons for IT & Telecom
40%
23% 25% 25%
sectors. 20%
30% 17% 13%
20%
All Small-sized organizations and 63% of
10%
the Medium-sized organizations lack 0%
Employer
Sentiments
Lowest Very Low Medium Medium High
confidence regarding hiring during the
next quarter. Hiring in the next quarter Large Medium Small
primarily hinges on 60% of all Large
organizations who display medium to
medium-high levels of confidence.
10India Hiring Tracker
Methodology
This survey was conducted by Valuvox
70
on behalf of Indeed among 350
No. of respondents [Employer]
60 64
businesses and 500 employees in the
50 56
month of March 2021. 40
50 48
30
32 32
26
Sample Design
20
23 19
10
0 Cities
Bangalore Chennai Mumbai Delhi/ NCR Hyderabad Pune Kolkata Ahmedabad Chandigarh
A total of 350 employers were
considered in this survey and
segregated into cities, and further
into Large, Medium, and Small
organizations, and then into
sectors. Employers belonged to 9
160
cities. The list below depicts the
No. of respondents [Employer]
140
148
number of employer respondents 120
in cities, organizational size and 100
109
sectors:
80 93
60
40
Note: The survey was carried out
20
before the second Covid wave 0 Organizational Size
struck India. The findings are to Small Medium Large
be read in this context.
11India Hiring Tracker
60
50 55
No. of respondents [Employer]
40 45
37 35
30 33 33 32
29 29
20
22
10
0 Sectors
Information Telecommuni Healthcare & Media & BPO/ ITeS FMCG Manufacturing, Construction Financial Ecommerce &
Technology cations Pharmaceuticals Entertainment Engineering & & Real Estate Services Technology
Infrastructure Start-ups
250
No. of respondents [Candidate]
200 211
183
A total of 500 employee respondents 150
were
were considered
considered for
for this
this survey
survey under
under
100
five categories: organization size, 106
five categories: organization size,
hierarchical level, education, gender, 50
hierarchical level, education, gender,
and age groups.
0 Organizational Size
and age groups. Small Medium Large
12India Hiring Tracker
250
No. of respondents [Candidate]
200 222
182
150
100
96
50
0 Hierarchical Level
Entry/ Junior Level Middle Management Senior Management
250 280
No. of respondents [Candidate]
No. of respondents [Candidate]
270
200 271
260
197
250
150
140 240
100
109 230
54 229
50 220
210
0 Educational Level 200 Gender
Undergraduate Graduate Post-Graduate Doctorate Male Female
13India Hiring Tracker
No. of respondents
46%
Male
54% Female
[Candidate respondents]
250
No. of respondents [Candidate]
200
209
182
150
100
109
50
0 Age Group
20-30 years 31-40 years 41+ years
14About Indeed Contact More people find jobs on Indeed Saumitra Ranjan than anywhere else. Indeed is the saumitra@indeed.com #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 60 countries and 28 languages. More than 250 million people each month search for jobs, post resumes, and reseacrh companies on Indeed.
You can also read
