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- Tech hiring to remain robust – Hiring intention for the coming quarter is the highest in the IT and technology space as companies prepare to ramp up tech hiring with the start of new financial year. As per the Decoding Jobs IT Industry Report 2022, businesses expect that hiring will increase by 40% in 2022 over 2021. With the increase in demand for tech talent, we expect the high talent churn to continue to be a sore point for the industry.
- Hiring from cities Tier 2 picks up – Given the talent supply crunch, companies are exploring alternate solution to fill the impending roles. Scouting for talent beyond tier 1 cities is the go-to option for several companies. Identifying cities where companies can find talent at a more economical price, allowing for remote work, and exploring the untapped talent pool is a win-win for both the company and the candidate.
- Futureproofing with freshers – In the technology sector, companies’ investment in young and affordable talent is the need of the hour. Collaboration with educational intuitions is the best way to fulfil this need. So, freshers’ hiring is expected to grow in this industry. This ideology reflects in the hiring intent for 2022. 25% of new hires will be freshers as compared to 16% hired in 2021. However, entry-level talent is expected to be highly sought-after.
- Increasing demand for these hot skills – Demand for professionals equipped with specialization in blockchain, and Android/iOS development has significantly increased, with C3/C++, Maya, 3D Max, Autodesk, and Java as the most popular skills. Moreover, as firms bet big on metaverse, demand for niche skills such as AI/ML, NLP (Natural language processing) is also expected to grow in FY2022-23.
- Hiring round the year – companies are exploring the option of keeping a pipeline of warm candidates, even though there is no immediate openings. Identified priority skillset family and engage with potential candidates.
