Driven by a new era of industrial progress in Mumbai, the city emerges as the third most promising location with higher intent to hire in Q2, as per the TeamLease Employment Outlook Report for the time period. The intent to hire in the city saw a 7% increase from 76% in the last quarter to 83% in July to September 2022 period.
From a pan India perspective, 61% of India Inc. were keen to hire during the period (a 7% increase over last quarter).
Dwelling deep, as per the research, out of the 23 sectors reviewed, majority of the sectors have exhibited positive intent to hire in Mumbai.
FMCG (59%), Manufacturing, Engineering and Infrastructure (54%), Power & Energy (54%), Healthcare & Pharmaceuticals (40%), Agriculture & Agrochemicals (32%) and FMCD (32%) are leading in the manufacturing segment. In the services sector Information Technology (81%), Financial Services (80%), Telecommunications (76%) and Ecommerce & Allied Start-ups (69%) are the most promising for candidates seeking out employment.
Mayur Taday, Chief Business Officer, TeamLease Services, said, “Increased government led investments through the PLI scheme and the influx of FDIs, coupled with growing consumer spend; has enabled companies across sectors to accelerate their growth. To meet this growing demand, organizations have been investing towards building a strong talent pipeline.”
He added further, “Close to 83% of employers are keen to hire more and this is expected to increase to 90% in the coming quarter as well. Many companies are also investing in up-skilling the talent with new age digital skill sets, through blended learning initiatives”.
From a job role perspective, the key profiles in demand in Mumbai are IT, Sales, Engineering and Marketing.
The TeamLease Employment Outlook Report is a comprehensive hiring outlook report, targeted at human resource professionals, policy and decision-makers, reflecting the hiring sentiment over 865 employers, across 14 cities and 23 sectors in India. This report carries “Intent to Hire” statistics for Q-2, 2022-23 [Jul, 2022 – Sep, 2022] on the basis of the survey and analysis carried out during April and May, 2022.