Indian BFSI Sector Job Report 2022

Elan — Mon, 21 Feb 2022 16:53:00 +0000

BFSI sector in India comprises Banking, Financial services and Insurance sector which is valued at Rs. 81 trillion and is likely to become fifth largest in the world by 2020. Check insights of last year’s BFSI Sectoral Report 2021 and third largest by year 2025. The following report focuses on bridging the talent gap in the sector with a special focus on the key hiring metrics, key recruitment trends and challenges, and the major priorities for CHROs in 2022.

Did You Know

The BFSI sector in India is likely to register a 25% increase in hiring in 2022 over 2021

Sneak Peak

BFSI Sector’s hiring intent: 75% employers expressed a positive hiring intent for 2022.

The early layoffs during the epidemic, the increased attrition rate, and the ongoing talent war all contributed to this unprecedented surge in hiring. Businesses anticipate a rise in hiring in 2022 as the industry stabilizes and recovers.

Top skills in demand:

Management
Data Analysis
Cybersecurity

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BFSI Sectoral Report 2021

Elan — Sun, 21 Nov 2021 15:31:00 +0000

BFSI sector has been one of the top 5 sectors that registered an upswing in hiring from 2017 to 2019.

For a sector that has always been reserved about its client data and the security of its operations, will the BSFI sector continue to be the job-creation engine in the post-pandemic era? What changes are the companies bringing to the workforce and the workplace to stay ahead of the game?

To help you thrive in this new environment, we surveyed hundreds of Business and Talent leaders through primary surveys and exhaustive conversations. Download the Decoding Jobs Sectoral Dossier to learn more about the jobs and hiring landscape in the BFSI industry for 2021.

Did you know

BFSI sector added 2 lakhs jobs in 2020 and is expected to add 2.35 lakh jobs in 2021

Sneak Peak

BFSI Sector’s hiring intent: 65% Positive

Penetration of ﬁnancial services and banking to include the previously unbanked section of the society particularly in the non-tier 1 cities, are expected to give further growth impetus both in employment and revenue generation.

Top skills in demand

UI and UX
Artificial Intelligence,
Cyber Security

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BFSI Sectoral Report 2020

Elan — Tue, 16 Nov 2021 13:00:00 +0000

The BFSI sector has enjoyed rapid growth in the past few years with the demand of financial products and services increasing and a flood of new entrants in the market. Backed by government initiatives, advancement of Fintech ventures, and proliferation of NBFCs credit has been accessible to a myriad of small businesses. Insurance has also seen a surge in market penetration amongst India’s consumer base.

Upon surveying hundreds of Business and Talent leaders through primary survey and exhaustive conversations, we have prepared a comprehensive report to help you flourish in the constantly changing environment.

Download the Decoding Jobs Sectorial Dossier to learn more about the jobs and hiring landscape in the BFSI industry for 2020.

Recovery and uptick in hiring

The BFSI industry has faced many challenges in the last few years. Not only did they face a stoppage of production during the pandemic, but the sector also experienced structural headwinds. However, the sector is seeing recovery and an uptick in hiring.

Sneak Peak of Decoding Jobs Sectorial Report

BFSI Sector’s hiring intent: 78% Positive

Did you know that it is estimated that about 15% to 20% of the Indian workforce in the BFSI sector would be deployed in new jobs that do not exist today?

top skills in demand

Rapid technological adoption, demographic changes and other growth drivers would result in the creation the need of an additional 1.6 million skilled jobs in BFSI.

Data Analyst & Scientist
Social Media Marketing
Compliance
Front-end Web Development
Soft Skills
Robotic Process Automation (RPA)

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