Technological advancements and the pandemic have compelled workplaces to evolve. Amidst the changing trends, from prioritizing digital skills to new recruitment methods, talent acquisition experts from leading industries, at a roundtable discussion hosted by Taggd, have mutually arrived at some key hiring trends in India in 2023.
First among them is the pharmaceutical industry which sheds radiates a promising future for aspiring candidates given the positive momentum generated by the combined policy efforts of the industry and the government.
The sector witnessed positive results in 2021 and 2022 and is anticipated to remain buoyant in 2023. Amit Kumar Das, Novo Nordisk, believes “these hiring trends will continue for at least another 5 years.”
Agreeing on the same, Ranjith TP, Volvo Group, expressed that they are optimistic about hiring as a lot of technology focused on the R&D sector is getting outsourced to India. Based on that, some of the emerging key roles we identified in the automotive industry are electromobility, vehicle technology, data analytics, and cyber security. Despite a downturn in the global market, it is an excellent time for candidates in India to find the right employment opportunities in these key areas.
However, a few recruitment challenges are worth noting, which will impact the talent space.
- Offer drops due to increased job opportunities are a significant challenge for the talent market in 2023.
- The lack of enough talent for emerging roles will increase TTF positions.
- With companies searching for top talent, the competition to hire candidates with multiple skills will increase in 2023.
- Employee experience will be a top priority. As the talent search intensifies, businesses must emphasize offering a positive employee experience.
These are only a few of the key takeaways.