A recent report by staffing agency TeamLease released on September 26 revealed that employers' intention to hire freshers in the travel and hospitality sector for the second half of 2023 has increased to 15 percent, up from 10 percent in the first half of the year.
The TeamLease EdTech Career Outlook Report outlined that 65 percent of the employers surveyed nationwide are planning to hire freshers from July to December 2023, reflecting a slight three percent upswing compared to the period from January to June this year.
The report stated, "The hiring intent across all categories of jobseekers in India – new or experienced – has risen to 73 percent from 68 percent over the same duration."
Top skills and roles in demand
DevOps Engineer, Chartered Accountant, SEO analyst, and UX Designer are some of the top roles that companies are likely to hire freshers for. Top domain skills employers expect freshers to possess include -
1. Business analytics
2. Blockchain
3. Cloud computing
4. Search engine optimisation.
As reflected in trends over time, especially since the COVID-19 pandemic, potential job candidates must also have soft skills apart from domain knowledge.
The key soft skills in demand include -
1. Critical thinking
2. Growth mindset
3. Time management
4. Active learning
What will drive job growth in different sectors?
IT industry: As per report, the Indian technology sector is set to reach $245 billion in 2023 despite the global headwinds. Major Indian IT firms are gearing up to recruit approximately 50,000 freshers across various job roles encompassing both IT and non-IT sectors nationwide.
The rapid adoption of digital transformation initiatives, along with the emergence of new business opportunities in Cloud Computing, Artificial Intelligence (AI), Cybersecurity, and other cutting-edge technologies, has become a catalyst for substantial growth within the IT industry.
Manufacturing sector: In the manufacturing sector, foreign electronic companies are making investments exceeding $1200 million to establish electronic manufacturing plants across India. This initiative is expected to create over 20,000 job opportunities across a wide range of fields.
New innovations, designs, and technology, coupled with the rollout of 5G, industrial use of IoT, and a robust R&D ecosystem, are driving growth in the manufacturing industry
E-commerce Industry: Meanwhile, the estimated size of the e-commerce market in 2022 was $63 billion, and is projected to witness a compound annual growth rate (CAGR) of 27 percent to reach a value of $163 billion by 2026. Firms in the sector are integrating advanced technologies like IoT, Voice Recognition, Fintech, Robotics, Virtual Reality, AI, and ML into online platforms, which is expected to create job opportunities for freshers.
Healthcare and pharma: In the healthcare and pharma sector, the collaboration between the pharmaceutical industry and global tech companies shall create substantial job opportunities, according to the report.
Energy sector: The power and energy sector, meanwhile, is expected to invest $60 billion in the natural gas infrastructure by 2024. These investments would create huge job opportunities for freshers.
Telecom: Major Indian telecom companies are making investments exceeding Rs 1.5 lakh crore and this is expected to create more than 1,000 jobs, especially for roles like network architects, engineers and skilled technicians.
Consulting: Indian consultant firms expected to hire more than 5,000 freshers across technologies like Business Operations, Software Development, Cybersecurity, Cloud Technology, and Data Science among others during the current half year. According to the report, demand for consulting services by domestic and foreign firms in India is consistently growing.
Retail: In the retail sector, a growth rate of nine percent is expected, up from $779 billion in 2019 to an estimated $1,407 billion by 2026.
(Edited by : Akanksha Upadhyay)
