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Intent for hiring freshers in India Inc surges by 12 per cent

According to the TeamLease EdTech report, 23 per cent of e-commerce and technology start-ups were willing to hire freshers in July to December 2022 as compared to the same period last year

Intent for hiring freshers in India Inc surges by 12 per cent

Outlook Start-Up Desk

POSTED ON October 19, 2022 4:26 PM

The TeamLease EdTech Career Outlook Report shows that India Inc is more than willing to hire freshers as it deals with a workforce crunch. The report compares the intent of hiring freshers between July to December 2022 to the same period last year across various cities and industries. 

With the beginning of the second half of 2022, attracting and retaining talent has become a top priority for many companies and business leaders. Organisations are more amenable to giving people without prior work experience an opportunity to join their team than before. 

Shantanu Rooj, founder and chief executive officer of TeamLease EdTech, said, "There is a substantial increase in job openings for freshers, but many demand updated skills and experience due to the accelerated rate of tech and digital advancements globally. Breaking down the hiring intent thus helps identify the right path for students and corporates equally in the times of talent wars." 

According to the report, overall freshers' hiring intentions for the current half year [July to December 2022] increased by 30 per cent to 61 per cent from the same period last year. This is almost a threefold increase in the share of employment opportunities for freshers. 

The top four industries that have witnessed remarkable growth in 2022, as per the report, are information technology (34 per cent), followed by e-commerce and technology start-ups (23 per cent), telecommunication (22 per cent) and the engineering sector (20 per cent).

When the data is sliced and diced city-wise, Bangalore showed the highest growth in the intention to hire freshers in 2022 at 25 per cent, followed by Mumbai at 19 per cent and Delhi at 18 per cent. 

Start-ups are keen to hire talent for their core engineering and product roles, especially full-stack engineers, data engineering, product management, and DevOps teams. While these require specialised training, companies are keen to hire graduates with 17 per cent seeking talent with a bachelor's degree while 11 per cent expect candidates to be diploma holders.

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