Short-term opportunities will continue to grow and companies will focus on building a work-life integrated culture, nurturing niche talent, enhancing skills and offering flexible work arrangements, experts opine.
Experts also say that one of the major hiring trends in 2023 could be companies looking to increase the internal mobility of talent.
After 2022, especially the second half, resonates with mass reports lay off And with hiring suspended amid pandemic-related business disruptions, experts say it won’t be all gloom and doom in 2023. According to staffing firms and job portals, it will be a mixed bag for the Indian job market next year. Even among tech hiring, some non-tech hiring, particularly in the telecom and service-based sectors, has picked up pace and is poised to drive the hiring pace in 2023, they said.
Recruitment services firm Teamlease Services reported that India’s hiring sentiment for the services sector remained strong in the March quarter.
This year, several trends emerged in the employment market, including an emphasis on reskilling and upskilling initiatives. And these trends are expected to continue into 2023, with companies willing to pay a premium for relevant skills over legacy skills.
“While hiring in the tech industry was 18 percent lower than in October last year (job survey), the new year is not expected to bring any more tumultuous shocks as firms appear to have already made critical decisions.
“The focus now will be on building a slow but impactful pipeline and nothing rewards good candidates like investing in key skill development here,” said Achal Khanna, CEO – SHRM (Society for Human Resource Management) India, APAC and MENA.
The Indian job market is facing some heat after tech companies such as Meta, Twitter, Microsoft, Snapchat and others announced massive job cuts, especially in IT services. recession fear
IT sector hiring is expected to progress in a slow lane, affected by macro uncertainty and experts believe future additions will be limited as companies have sufficient bench strength and focus on re-skilling the existing workforce.
“The ongoing global turmoil with massive layoffs, hiring freezes and the impending recession has significantly affected the global services sector, especially the IT industry. However, sentiment in India is on the upswing, with 77 percent of employers indicating a higher hiring outlook,” said Mayur Tade, Chief Business Officer, Teamlease Services. The officer said.
Further, Taday said the central government’s push towards increasing monetization capacity, introduction of FDI reforms, liberalization of conventional satellite communications and increasing private sector participation have contributed to the growth of remote sensing business employment.
“With the 5G rollout, employers are already upgrading their existing workforce for the upcoming 5G services. This uptick in activity has positively impacted educational, financial and knowledge outsourcing services. This is a giant step towards reducing the current attrition trend,” said Ajay Thomas, Vice President of Teamlease Services and Business Head (Retail, E-Commerce, Logistics and Transportation), Dr.
Achal Khanna said the government’s efforts to boost public investment through a sharp increase in capital expenditure is expected to keep the growth momentum intact in 2023.
“India’s indirect impetus to attract investment from global firms through China plus one and Europe plus one strategies could be huge in scope. Scale and technology leadership can be leveraged to give a meaningful push to the startup environment in India. India.
“Overall… it is a bullish outlook for India that demands proactive agility to navigate the unprecedented challenges that may come our way,” Khanna said.
Sachin Alugh, CEO of workforce solutions provider NLB Services, says this year has seen the biggest change in a long time.
Both employees and employers have not only learned to cope with the new reality of things but have also not shied away from incorporating technology to understand employee performance or introducing virtual skilling programs to enhance skills, he noted.
“The year 2022 has transformed the way we work and manage. One thing is certain: the evolution of technology will definitely evolve HR functions. While data will continue to be a key part of recruitment, the adoption of technology to simplify HR functions will only increase,” Alug said.
Where we collect the information from Source link
Disclaimer:- We include in each post a link to where each content on our website is collected from.If there is a complaint against any post please contact us directly.
Email: post-support.dailyfastnews24.com
You can also write on the popular online news portal dailyfastnews24.com. Writing topics feature, travel, lifestyle, career, IT, agriculture and nature. Send your entry today to [email protected]
advertisement:-If you would like to advertise on our website please contact us here.Our Ads team will contact you very soon.
Email: [email protected]
The cost of advertising:- 1 Post 100 USD Lifetime.
Thank you very much for visiting our website. Have a good day.