According to a report by TeamLease released on August 8, 2023, which was titled “’EdTech Career Outlook Report’ for HY2, 2023” stated that hiring for new talent climbed by 3% in the second half of this year (HY2 of 2023) compared to the first, with three industries setting the trend.
The report stated that hiring intent for all categories of jobseekers climbed to 73% from 68% in the same period, indicating an optimistic job market in the coming months. In comparison to the same period in the previous half-year, the job market for freshers has increased by 6% in July-December 2023.
According to the report, the three industries that led in hiring intent for freshers were engineering and infrastructure (50%), telecommunications (53%), and e-commerce and technology startups (59%). In HY2 of 2023, freshmen were hired at a rate of 65% as opposed to 62% in HY1.
Across various industries, fresh software devops engineers, chartered accountants, search engine optimisation (SEO) analysts, and UX designers were in demand. With 65% of all cities planning to hire, Bengaluru led in H2 of 2023, as compared to H1 of 2023. Following Bengaluru in terms of hiring came Mumbai (61%), followed by Chennai (47%), both of which saw increases of 5% from HY1.
A new section of the report focused on degree apprenticeships and their increasing popularity among both students and companies. The three sectors most likely to hire degree apprentices are manufacturing (12%), engineering and infrastructure (10%), and power and energy (7%).
Ms. Neeti Sharma, Co-Founder and President of TeamLease EdTech stated, “We are currently witnessing a noticeable shift in the skills employers are seeking from freshers. Employers are keen to hire freshers who are digitally savvy and capable of learning in the constantly evolving world of work.”
In 18 sectors across India, 737 small, medium, and large companies participated in the poll. The distribution of coverage among 14 geographic regions (including metros, Tier-I, and Tier-II) reflects the hiring sentiment.
