IT sector hiring after Covid second wave jumps 11 percent in June quarter.

Hiring after Covid-19 pandemic for IT jobs saw the rise of 11 percent in the three months of April to June, compared to January to March quarter of 2021. Thus, the second wave of Covid-19 has had a minimal impact on the hiring activity of IT jobs. 

The growth in hiring after Covid the second wave was led by IT, financial services, business process outsourcing, and IT-enabled services companies. 

However, the growth was not broad-based as few companies were hiring this quarter compared to the Jan-March quarter. 

Industry-specific hiring after Covid-19 second wave 

  • IT sector was leading the pack on hiring since the pandemic started as it recorded a growth of 61 percent QoQ. 
  • The hiring for IT jobs was followed by hiring in the financial services sector, which increased 48 percent Quarterly. 
  • BPO/ITeS sector hiring up 47 percent sequentially, according to global jobs portal Indeed’s ‘India Hiring Tracker.’

The April to June quarter also pointed to a change in the companies approach to talent, as the focus moved from just operating business to garnering sales and revenues. As a result, there was a boom in sales and marketing roles during the period.

Roles like sales coordinator saw a growth of 83 percent sequentially, relationship manager 77 percent, digital marketer 69 percent, UI/UX Designer 61 percent, and quality analyst at 53 percent.

Large businesses dominated the hiring after Covid, with 59 percent of employers in the category, while mid-sized companies saw a decline in hiring. 

Bangalore led the hiring momentum with 56 percent, and Kolkata replaced Chennai at the bottom of the hiring list at 34 percent.

The second wave impacted appraisal plans as 70 percent of employees said they did not receive any promotion or pay hike in the June quarter, with only 11 percent of employers promoting or offering salary hikes. 

Sashi Kumar, Head of Sales, Indeed India, said, “With hiring activity witnessing an increase, it was interesting to see companies pivot their hiring priorities from operation roles to sales roles.”

 

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