India hiring not impacted amid high global inflation, job market sees 29% rise – Deccan Herald

Despite fears of rising inflation globally, Indian jobseekers are not adversely affected as far as their livelihood and expenses are concerned, with six in ten jobseekers saying they have not been impacted much, a report showed on Thursday.
Nearly 89 per cent of employers also think that inflation will not change the way companies hire and pay employees, said the quarterly report by leading job site Indeed.
The India job market saw a 29 per cent rise in the April-June period (as compared to a 20 per cent increase in the previous quarter).
Moreover, 37 per cent of all jobseekers looked for a job or a job change during the quarter, as compared to 46 per cent during the previous quarter.
Also Read | RBI needs a balancing act, and help
“Sectors such as IT, healthcare, e-commerce will continue to grow and with the advent of 5G, we will see a sharp rise in telcom jobs as well in the next few quarters,” said Sashi Kumar, Head of Sales, Indeed India.
As a response to inflation, employers looked at varied engagement modes during the quarter that could help them manage candidate expectations as well as costs such as full time, part time, gig or contractual work.
Jobseekers continue to prefer full time work (63 per cent) as opposed to part-time employment (26 per cent) or gig/contract employment (11 per cent).
However, on the employer side, the difference is less disproportionate with over 19 per cent employers hiring gig workers during the quarter, the report said.
At a 10 per cent salary increment level, which 41 per cent of employers plan to provide to account for inflation, a significant 25 per cent of the jobseekers seem to agree.
One in three IT/ITeS sector jobseekers (33 per cent) would like a 20 per cent increment to compensate for inflation.
IT/ITeS continued to lead all sectors, with 91 per cent of the employers in the sector hiring during the quarter (83 per cent in the previous quarter).
Metros dominated hiring among cities with hiring activity in Bengaluru, Mumbai and Chennai exhibiting strong growth in hiring as compared to other cities. Chandigarh showed a substantial increase in hiring over the quarter.
Check out DH’s latest videos
Check out DH’s latest videos
Check out all newsletters
Deccan Herald News now on Telegram – Click here to subscribe
Follow us on Facebook | Twitter | Dailymotion | YouTube
Printer that dishes out paper dosas? Internet reacts
Coping with Post Traumatic Stress Disorder
Rohingya refugees mark 5th year of exodus to Bangladesh
Milind Soman to play Sam Manekshaw in ‘Emergency’
John Abraham shares ‘Pathaan’ first look
In Pics | Most successful teams in Asia Cup history
Karnataka’s wild mangoes are now ‘cultivated’ too
Explained | The Benami Act, 2016, and SC’s new changes
Printer that dishes out paper dosas? Internet reacts
Coping with Post Traumatic Stress Disorder
Rohingya refugees mark 5th year of exodus to Bangladesh
Milind Soman to play Sam Manekshaw in ‘Emergency’
John Abraham shares ‘Pathaan’ first look
In Pics | Most successful teams in Asia Cup history
Karnataka’s wild mangoes are now ‘cultivated’ too
Explained | The Benami Act, 2016, and SC’s new changes
National
Karnataka
Bengaluru
Sports
Business
Multimedia
Opinion
Entertainment
Bihar govt wins trust vote
MLAs offered bribes to break party: AAP
HOW ADANI ACQUIRED NDTV
DH photo galleries
DH Picks
Latest stories
Trending news
Download DH APP
Services
Our group sites
Download DH APP
We use cookies to understand how you use our site and to improve user experience. This includes personalising content and advertising. By continuing to use our site, you accept our use of cookies, revised Privacy Policy.
We use cookies.

source

Leave a Comment