Despite the ongoing turmoil in the global IT sector, and the muted outlook from the IT industry within the country, technology adoption by other industries across sectors has resulted in the creation of new job opportunities and an increase in the demand for skilled tech professionals in the services sector.
Several service industries have seen the IT function emerge as the most sought-after profile, according to the TeamLease Services Employment Outlook Report for the April to June quarter. Manufacturing, on the other hand, has seen a spike in demand for marketing profiles. Nearly 78% of employers in the services sector and 56% of employers in the Manufacturing, Engineering and Infrastructure sectors have expressed an intent to hire for IT skills and marketing roles, respectively. Overall, across profiles, an increase of 10% can be seen in employers’ hiring intentions in both Services (83%) and Manufacturing (95%) industries compared to Q1 of 2022.
In addition to IT, other popular job profiles in the services sector include sales (83%) and marketing (63%). On the other hand, sales (95%) and engineering (80%) are popular in the manufacturing industry. Financial Services, Telecommunications, and Information Technology have the highest demand for roles in the services industry. On the other hand, Manufacturing, Engineering & Infrastructure, Agriculture and Agrochemicals, and Power & Energy are in high demand in the manufacturing industry. In addition, in both the Services and Manufacturing sectors, the intent to hire for the marketing functional area has increased slightly by 3% and 2% respectively in the quarter.
Sharing his views, Mayur Taday, Chief Business Officer, TeamLease Services, said, “The confluence of emerging technologies is driving the demand for tech roles in non-tech sectors. With the advent of new technologies and an ever-increasing reliance on digital platforms, organizations across sectors are looking to hire a talented workforce to stay ahead of the curve”.
The majority of the talent across segments is being deployed in entry and junior-level domains.
The TeamLease Employment Outlook Report reports forward-looking statistics for ‘Intent to Hire’ for April to June 2023, for both Manufacturing (8 sectors) and Services sectors (15 sectors), in total surveying 809 small, medium, and large companies.