As per the latest findings of a survey, nearly 47 per cent of Indian job seekers are not looking to switch jobs in 2023. The survey revealed that over 37 per cent of all job seekers are looking to prioritise their career growth in 2023.
There is also a significant dip in hiring, only 53 per cent of employers hired in this quarter, a dip from 64 per cent in the previous quarter (October 2022 to December 2022).
The survey was conducted by Valuvox on behalf of job search website Indeed. The survey took a sample set of 1157 employers and 1583 job seekers and employees in the months of January and February. The respondents were first categorised into cities, then on the basis of organisations and lastly on the basis of sectors.
The BFSI sector saw the highest rate of hiring with 71 per cent of employers hiring during this quarter. Healthcare and construction and real estate are two other sectors that hired substantially in this sector with 64 per cent and 57 per cent respectively. The least hiring was seen in media and entertainment at 49 per cent, manufacturing recorded 39 per cent and IT/ITeS saw 29 per cent.
The survey findings suggested that the proportion of employers hiring for mid-level has increased from 23 per cent to 27 per cent and for senior level roles it has increased from 9 per cent to 12 per cent. The proportion of job seekers entering the market has risen from 16 per cent in the previous quarter to 23 per cent in this quarter.
Around 57 per cent of current job seekers preferred working from the office. Most employees are undertaking upskilling programmes, professional developmental tools and mentoring programmes. Nearly 47 per cent of employers are providing upskilling to their employees.
For 67 per cent of job seekers, certification and learning platforms to boost skills is the prime strategy to remain competitive this year. Sharpening existing skill sets and performing better in their role is the strategy for 41 per cent job seekers.
Retail sales associate, project engineer and marketing analyst are the most demanded job role for this quarter with 41 per cent, 23 per cent and 20 per cent respectively. The most hired skills by the employers in the quarter are tech skills such as SQL, NoSQL & MongoDB, APIs, CCNA, CCNP, Zigbee, WiSUN, and Z-Wave. The top soft skills employers are looking for are communication, critical thinking and problem-solving and decision making.
Most hiring during this quarter was seen in functional areas of production/ manufacturing at 31 per cent, followed by sales at 29 per cent and marketing at 27 per cent.