India Witnesses 23% Jump In Hiring Ahead Of Festive Season: Report

New Delhi, Aug 22 (KNN) Due to the anticipation of the festive season, the staffing requirements witnessed an increase of 23 per cent from April to August 2023, compared to the same period last year, according to a report released on Tuesday.

A report by Business services provider Quess Corp points out that this period witnessed the posting of 32,000 jobs, with sectors like BFSI, M&I, Retail, and Telecom intensifying their hiring efforts to meet the surge in demand during India's festive season.

Furthermore, it highlights a growing demand for job roles such as production trainees, branch relationship executives, collection officers, business development executives, broadband sales executives, sales executives, warehouse associates, and customer relationship officers during this season.

Lohit Bhatia, President of Workforce Management at Quess Corp said, "As India prepares for the festive season, it is encouraging to witness a positive trajectory in hiring demand. Despite challenges posed by inflation and profitability pressures, segments like Manufacturing, BFSI, and Retail have demonstrated remarkable growth.”

“This period has seen the posting of 32,000 jobs, and we anticipate this trend to intensify monthly by at least 5,000 jobs as we approach peak festivities, particularly in industries directly impacted by consumers, such as e-commerce, logistics, and automobile,” he said.

The manufacturing industry has experienced an exceptional rise in hiring demands, driven by technological advancements and the need for specialized professionals. The report outlines a 245 per cent growth in demand for professionals in the Manufacturing & Industrial segment from April to August 2023, compared to the same period in 2022.

In the BFSI industry, the report reveals a 27 per cent surge in workforce demand ahead of the festivities, followed by a 14 per cent increase in the Telecom sector.

The retail industry is embracing gig workers, evidenced by a 9 per cent rise in staff demand, signifying a shift from its previous dominance within the e-commerce ecosystem.

The e-commerce and logistics industry is projected to employ a substantial workforce of up to 300,000 individuals, positioning it as a leading employer. This encompassing number covers roles in warehouse and delivery operations, encompassing both the Gig and Staffing models, with a particular emphasis on gig-based positions for delivery services.

In terms of geographic distribution, metropolitan cities such as Noida, Pune, Chennai, Mumbai, Bengaluru, and Hyderabad have witnessed the highest demand for new and emerging roles, consistent with trends from the previous year. Additionally, cities like Jamshedpur, Coimbatore, Ranchi, and Vijayawada also exhibit significant workforce requirements, as per the report.  (KNN Bureau)