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1 India Inc expects hiring to witness 31  growth in 2022 1920x590

India Inc expects hiring to witness 31% growth in 2022, says Decoding Jobs Industry Sectoral Reports 2022

By The Economic Times

February 3, 2022


3 min read


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Hiring activity is expected to see 31% growth across seven key sectors - automotive, BFSI, global in- house centers, heavy engineering and manufacturing, internet businesses, information technology, and pharmaceuticals – this year, according to the third annual Decoding Jobs Industry Sectoral Reports 2022 by digital recruitment platform Taggd in association with Confederation of Indian Industry and Sunstone Eduversity.


According to the report, the top three sectors that are expected to ramp up hiring in 2022 are automobile, IT/ITes and internet businesses. Hiring activity across global in-house centers in India is expected to post 31% growth in 2022 as compared to 27% growth in 2021.


Devashish Sharma, President, Taggd, said in a statement: “The future looks bright for India Inc in 2022. Our data shows that hiring in 2021 increased by 34% over 2020, with sectors such as manufacturing and automotive showing recovery, and we expect it to increase further by 31% in 2022. While we did witness some obstacles in the form of the ongoing tech talent crunch, skills gaps, and the Great Resignation, we’ve bounced back stronger with most sectors exhibiting a greater appetite for hiring in 2022.”


Highlighting the macro-economic factors supporting this positive hiring sentiment, R Mukundan, Chairman, CII National Committee on Industrial Relations and Managing Director & CEO, Tata Chemicals said: “As we pave the way towards India@2047, the path towards self-reliant India has to be supported by a large availability of a skilled workforce to meet the demands of Industry 4.0.”


The report also said that in 2022, professionals in the 1-5 year experience range are expected to experience a surge in demand across industries, followed by freshers. More than half (56%) new hires in 2022 are expected to be early career professionals (0-5 years of experience)


Interestingly, nearly half of the new hires (47%) are expected to be from non-tier 1 cities. Gig workers are expected to make up 9% of the workforce in 2022 up from 8% in 2021.


This article was published on Economic Times