Bengaluru tops in intent to hire in Q2 2022: Employment Outlook Report

Bengaluru: Driven by the growth in the IT, eCommerce, FMCG, and other allied sectors, Bangaluru has emerged as the top city in India with the highest intent to hire in the second quarter of the current financial year, a report said on Thursday.

In the July to September quarter, according to the ‘Employment Outlook Report’ of HR company TeamLease Services, 95 percent of employers expressed the intent to hire more, compared to 91 percent in the April to June period. From a pan-India perspective, 61 percent of India Inc. was keen to hire during the period (a seven percent increase over the last quarter).

In Bangaluru, manufacturing and services have both shown positive intent to hire. In the manufacturing sector, the leading industries were FMCG (48 percent), Healthcare & Pharmaceuticals (43), Manufacturing, Engineering & Infrastructure (38), Power & Energy (34), and Agriculture & Agrochemicals (30). From the services sector perspective, leading industries included Information Technology (97 percent), E-commerce & Allied Start-ups (85), Education Services (70), Telecommunications (60), Retail (Essential) (64), Retail (Non-Essential) (30), and Financial Services (55).

Sharing his views, Chief Business Officer, TeamLease Services, Mahesh Bhatt said over the last decade, Bangaluru as a market has seen exponential growth across industries, especially with the emergence of many new age internet-based companies providing varied value-driven services and products.

”This positive growth momentum has led to an influx of employment opportunities across roles and sectors. More employers are keen to increase their resource pool and are also inclined to pay higher remunerations. In fact, in the coming quarters, hiring intent is further expected to be 97 percent”, he said.

While the demand for IT-focused job roles and digital competencies has been high, some of the top profiles/ roles which were in demand in the city included IT, Sales, Engineering, and Marketing. From an overall location perspective, Delhi (72 percent) followed by Mumbai (59) and Chennai (55) are the most promising cities in the manufacturing sector. From a services sector perspective, Bangalore (97 percent) is at the top, followed by Mumbai (81), and Delhi (68). The ‘TeamLease Employment Outlook Report’ is a comprehensive hiring outlook report, targeted at human resource professionals, policy, and decision-makers, reflecting the hiring sentiment of over 865 employers, across 14 cities and 23 sectors in India, a company statement said.

This report carries “Intent to Hire” statistics for Q-2, 2022-23 [July 2022 – Sep 2022] based on the survey and analysis carried out during April and May 2022, it was stated.