Highest increase in job opportunities within Digital, Technology and Financial ServicesMumbai, 03 August 2021 - Corporate India showing "healthy signs of recovery” as it hires more people in the first six months of 2021. Global recruitment specialists Michael Page witnessed the number of job opportunities spike in Q2 2021 compared to Q1 led by hiring in the Technology function at 38%. This was followed by an increase in opportunities in non-technology roles within Consumer Technology (up 35%) and Fintech (up 29%) hinting towards a positive outlook in India’s H2 2021 economy.Hiring had started to witness a rise as the job markets opened up at the beginning of the year just before the second wave of Covid-19 impacted the country. This caused some disruption in the job market and temporarily restricted hiring activities across all key disciplines. However, according to job opportunity data shared by Michael Page, Q2 2021 still managed an 8% growth from Q1 2021.Speaking from recent observations, Nicolas Dumoulin, Managing Director, Michael Page India says, “There has been a marginal increase in the sentiments of candidates who are looking to change jobs in Q2 2021 showcasing a sense of confidence for the hiring market. Candidates are now more open to exploring new job opportunities and roles across disciplines. H1 2021 has seen disciplines like Consumer Tech, Technology and Fintech lead hiring activities.” Hiring in Technology almost doubled in Q2 2021 and as reported in the Michael Page India Talent Trends 2021 report, many companies have capitalised on the availability of Indian techies looking to return to India due to the COVID-19 pandemic. Start-ups are also providing flexibility to the right talent to work from any location or work in a hybrid model. Artificial Intelligence (AI) and Machine Learning (ML) space are skills in key skills in demand. There has also been a high adoption & migration to cloud across public, private and hybrid models.“Job rebounds have been good in Tier 1 cities. New age-businesses are showing a very strong growth, specifically on the technology side. A number of international companies are also ramping up tech capabilities, indicating the industries are transforming and transitioning to be more tech-oriented. On the other hand, traditional industries, which came to a halt last year in terms of hiring, are looking better”, comments Nicolas Dumoulin.The sector which saw maximum impact in hiring was Property & Construction with a dip of 20% in job opportunities open from Q1 2021 to Q2. Travel, tourism, and retail sectors did not see a lot of improvement but hiring started picking up from second half of Q2 2021 especially in the mid to senior level.The impact of the second wave has been less for the salaried employees as most corporations have either settled to work from home or the hybrid working model this year. On the other hand the impact on blue collar and daily wage earners continued in Q2 2021 due to factors like supply chain issues, issues on constructions sites, workers moving back to their hometowns, etc. There have been significant disruptions but the economy will bounce back as the situation improves.Source: Information and facts procured from Michael Page India’s proprietary data#END#About Michael Page India: PageGroup is a leading international specialist recruitment group with a market capitalisation in excess of GBP 1 billion. We are listed on the London Stock Exchange as a FTSE 250 company, and currently employ over 6,500 people in 37 countries.Michael Page launched its India business in 2011 and currently has over 150+ specialist recruiters working on mid to senior level roles in 11 disciplines across offices in Mumbai, Delhi NCR and Bengaluru. We consult with companies in India ranging from large multinationals and Indian conglomerates, to small and medium sized companies across Digital & Analytics, Engineering & Manufacturing, Finance & Accounting, Financial Services, Healthcare & Life Sciences, Human Resources, Legal, Procurement & Supply Chain, Property & Construction, Sales & Marketing and Technology.For more information, please contact:PR Pundit Parul Bhatia: +91 7208776377 I [email protected]
